Vandan Foods IPO Details
SME
Vandan Foods IPO opens for subscription on 30 Jun 2025 and closes on 02 Jul 2025. The IPO will be listed on BSE with the tentative listing date set for 07 Jul 2025.
Vandan Foods IPO price band has been fixed at ₹115 – ₹115 per share.The face value is ₹10 per share with a lot size of 1200.
Vandan Foods IPO total issue size comprises 26,40,000 shares (aggregating up to ₹30.36 Cr). This includes a fresh issue of 26,40,000 shares (aggregating up to ₹30.36 Cr). Pre-issue shareholding stands at 57,44,800, which will increase to 83,84,800 post-issue.
Vandan Foods IPO Lot Size : Retail Minimum is 1 lot (1,200 shares) amounting to ₹138,000. Retail Maximum is 1 lot (1,200 shares) amounting to ₹138,000. HNI Minimum is 2 lots (2,400 shares) amounting to ₹276,000.
The Lead Managers for Vandan Foods IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Nirbhay Capital Services Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Aftertrade Broking. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Vandan Foods Limited RHP.
Vandan Foods IPO Details
Vandan Foods IPO Subscription
Vandan Foods IPO Application Wise Breakup
Vandan Foods IPO Dates
- 30 Jun 2025Opening dateOpen
- 02 Jul 2025Closing dateClose
- 03 Jul 2025Allotment Date Allotment
- 04 Jul 2025Initiation of RefundsRefund
- 04 Jul 2025Credit of SharesCredit
- 07 Jul 2025Listing dateListing
Vandan Foods IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹138,000 |
| Retail Maximum | 1 | 1200 | ₹138,000 |
| HNI Minimum | 2 | 2400 | ₹276,000 |
Vandan Foods IPO Reservation
Promoter Holding
Documents
Vandan Foods IPO Valuations
Vandan Foods Financial Information
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 31.69 | 12.12 | 4.74 | 4.20 |
| Revenue | 72.66 | 48.73 | 11.59 | 1.61 |
| Profit After Tax | 4.54 | 2.64 | 0.64 | -0.11 |
| EBITDA | 6.92 | 3.65 | 0.99 | -0.08 |
| Net Worth | 14.01 | 9.47 | 2.18 | -0.05 |
| Reserves and Surplus | 8.26 | 6.60 | 2.04 | -0.06 |
| Total Borrowing | 13.89 | 0.39 | 3.45 | |
| Amount in ₹ Crore | ||||
About Vandan Foods IPO
Incorporated in 2015, Vandan Foods Limited is engaged in the manufacturing of Refined F.S.G. Castor Oil and Castor Oiled Cake.
The company operates as both B2B and B2C models; the company emphasizes quality control, inventory management, and business development to ensure customer satisfaction.
The company supplies its products across Gujarat, Haryana, Andhra Pradesh, Delhi, Bihar, Rajasthan, and Telangana. Its manufacturing facilities are located in Dhinoj Patan, Gujarat, at two specific addresses.
Products:
- Refined Castor Oil First Stage Grade (F.S.G.): The company produces F.S.G. Castor Oil, a refined, bleached oil used in lubricants, paints, pharmaceuticals, textiles, and more. It also offers health benefits like relieving constipation and promoting hair and skin growth.
- Castor De-Oiled Cake: The company produces Castor De-Oil Cake, a natural fertilizer rich in nitrogen, phosphoric acid, and potash. It promotes soil microbial activity and serves as an effective alternative to chemical fertilizers.
As of December 31, 2024, the company has 16 permanent employees.
Strength Of Vandan Foods IPO
1. Experienced Promoters and Management Team.
2. End to end execution capabilities.
3. Long term Relationship with the Clients.
4. Quality Assurance & Control.
5. Scalable Business model.
Risk Of Vandan Foods IPO
1. A certain amount of our revenue is generated from certain key customers, and the loss of one or more such customers, the deterioration of their financial condition or prospects, or a reduction in their demand for our products could adversely affect our business, results of operations, financial condition and cash flows.
2. We rely significantly on some suppliers for the supply of our raw materials. If these suppliers are unable or unwilling to supply raw materials on time or otherwise fail to meet our requirements, our business will be harmed. An inability to procure the desired quality, quantity of our raw materials in a timely manner and at reasonable costs, or at all, may have a material adverse effect on our business, results of operations and financial condition.
3. Our revenues are highly dependent on our operations in the geographical region of state of Gujarat. Any adverse development affecting our operations in this region could have an adverse impact on our business, financial condition and result of operations.
4. Our Company, its Directors and its Promoters are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various forums and regulatory authorities. Any adverse decision may make us liable to liabilities/penalties and may adversely affect our reputation, business and financial status.
5. Our Company has reported certain negative cash flows from its operating activity, investing activity and financing activity, details of which are given below. Sustained negative cash flow could impact our growth and business.
6. Our Business is subject to seasonal volatility, which may contribute to fluctuations in our result of operations and financial condition.
7. Our Registered Office from where we operate is not owned by us but taken on leave and License basis. Our inability to renew the leave and license agreement or any adverse impact on the title or ownership rights of our owner/landlord in relation to these premises may impede our operations.
8. Our cost of production is exposed to fluctuations in the prices of our raw material such as Castor Seeds.
9. Certain of our promoter and director have past instances of credit card and other due settlements.
10. Relevant copies of educational qualification of two of our directors and one promoter is not traceable.
Objectives Vandan Foods IPO
1. To Meet Working Capital Requirements
2. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
3. Funding the capital expenditure requirement for expansion of the Dhinoj Facility (CAPEX)
4. General Corporate Purpose
Company Contact Details
Vandan Foods Limited
503/B, Wall Street-1, Opp
Orient Club, Nr. Rly. Crossing,
Ellisbridge
Ahmedabad, Gujarat, 380006
Phone: 91-8980121363
Email: cs@vandanfoods.in
Website: http://www.vandanfoods.in/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
Vandan Foods IPO - FAQs
The Vandan Foods IPO is a SME public issue comprising 2640000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹30.36 Cr. The issue price has been fixed at ₹115 per equity share, and the minimum application size is 1200 shares.
The IPO opens for subscription on 30 Jun 2025, and closes on 02 Jul 2025.
Bigshare Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at ₹0 (0%).