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Vandan Foods IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Jun 30 to Jul 02 2025
Price Band ₹115
Current GMP ₹125(8.70%)
Subscription 1.75 times

IPO Details

IPO Date
June 30, 2025 to July 2, 2025
Listing Date
July 7, 2025
Face Value
₹10 per share
Issue Price
₹115 per share
Lot Size
1,200 Shares
Sale Type
Fresh Capital
Total Issue Size
26,40,000 shares (aggregating up to ₹30.36 Cr)
Reserved for Market Maker
1,32,000 shares (aggregating up to ₹1.52 Cr)Aftertrade Broking Pvt Ltd
Net Offered to Public
25,08,000 shares (aggregating up to ₹28.84 Cr)
Issue Type
Fixed Price IPO
Listing At
BSE SME
Share Holding Pre Issue
57,44,800 shares
Share Holding Post Issue
83,84,800 shares

IPO Subscription Details

Market Maker
1
Non-Institutional Buyers***
0.41
Retail Investors
3.09
Total **
1.75

Day Wise Sub

DayDay 1 Jun 30, 2025
NII*0.00
Retail0.55
Total0.27
DayDay 2 Jul 1, 2025
NII*0.10
Retail1.52
Total0.81
DayDay 3 Jul 2, 2025
NII*0.41
Retail3.09
Total1.75

Day Wise GMP

Date07-07-2025
Price115.00
GMP0(0.00%)
Estimate List Price115
Date06-07-2025
Price115.00
GMP0(0.00%)
Estimate List Price115
Date05-07-2025
Price115.00
GMP0(0.00%)
Estimate List Price115
Date04-07-2025
Price115.00
GMP0(0.00%)
Estimate List Price115
Date03-07-2025
Price115.00
GMP0(0.00%)
Estimate List Price115
Date02-07-2025
Price115.00
GMP0(0.00%)
Estimate List Price115
Date01-07-2025
Price115.00
GMP25(21.74%)
Estimate List Price140
Date30-06-2025
Price115.00
GMP20(17.39%)
Estimate List Price135
Date29-06-2025
Price115.00
GMP5(4.35%)
Estimate List Price120
Date28-06-2025
Price115.00
GMP5(4.35%)
Estimate List Price120
Date27-06-2025
Price115.00
GMP5(4.35%)
Estimate List Price120
Date26-06-2025
Price115.00
GMP0(0.00%)
Estimate List Price115
Date25-06-2025
Price115.00
GMP0(0.00%)
Estimate List Price115

IPO Important Dates

IPO Open Date
Mon, Jun 30, 2025
IPO Close Date
Wed, Jul 2, 2025
Tentative Allotment
Thu, Jul 3, 2025
Initiation of Refunds
Fri, Jul 4, 2025
Credit of Shares to Demat
Fri, Jul 4, 2025
Tentative Listing Date
Mon, Jul 7, 2025
Cut-off time for UPI mandate confirmation
5 PM on July 2, 2025

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares1,200
Amount₹1,38,000
ApplicationRetail (Max)
Lots1
Shares1,200
Amount₹1,38,000

Financial Information

Period EndedPeriod Ended
31 Dec 202431 Dec 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Dec 202431.69
31 Mar 202412.12
31 Mar 20234.74
Period EndedRevenue
31 Dec 202472.66
31 Mar 202448.73
31 Mar 202311.59
Period EndedProfit After Tax
31 Dec 20244.54
31 Mar 20242.64
31 Mar 20230.64
Period EndedEBITDA
31 Dec 20246.92
31 Mar 20243.65
31 Mar 20230.99
Period EndedNet Worth
31 Dec 202414.01
31 Mar 20249.47
31 Mar 20232.18
Period EndedReserves and Surplus
31 Dec 20248.26
31 Mar 20246.60
31 Mar 20232.04
Period EndedTotal Borrowing
31 Dec 202413.89
31 Mar 2024
31 Mar 20230.39

IPO Reservation

Market Maker Shares Offered
1,32,000 (4.76%)
NII (HNI) Shares Offered
12,54,000 (45.24%)
Retail Shares Offered
12,54,000 (45.24%)
Total Shares Offered
27,72,001 (100.00%)

Information about company

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. Competitve Strengths: Experienced Promoters and Management Team Quality Control and Quality Assurance Diversified business model and customer base Scalable Business Model Smooth flow of operations Optimal Utilization of Resources

Objectives of IPO

The Company Vandan Foods IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: S.No. Objects of the Issue Expected Amount (₹ in crores) 1 To Meet Working Capital Requirements 8.57 2 Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company 3.00 3 Funding the capital expenditure requirement for expansion of the Dhinoj Facility (CAPEX) 8.29 4 General Corporate Purpose 7.51

Disclaimer

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