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Vandan Foods IPO is a fixed price issue of ₹30.36 crores. The issue is entirely a fresh issue of 0.26 crore shares of ₹30.36 crore.
Vandan Foods IPO bidding started from Jun 30, 2025 and ended on Jul 2, 2025. The allotment for Vandan Foods IPO was finalized on Jul 3, 2025. The shares got listed on BSE SME on Jul 7, 2025.
Vandan Foods IPO price is ₹115.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,38,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,76,000.
Nirbhay Capital Services Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Aftertrade Broking Pvt.Ltd..
Refer to Vandan Foods IPO DRHP for detailed Information.
| IPO Date | June 30, 2025 to July 2, 2025 |
| Listing Date | July 7, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹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 Aftertrade Broking Pvt.Ltd. (aggregating up to ₹1.52 Cr) |
| 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 |
Vandan Foods IPO offers total 26,40,000 shares. Out of which 12,54,000 (47.50%) allocated to NII, 12,54,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,32,000 (5.00%) |
| NII (HNI) Shares Offered | 12,54,000 (47.50%) |
| Retail Shares Offered | 12,54,000 (47.50%) |
| Total Shares Offered | 26,40,000 (100.00%) |
Vandan Foods IPO opens on June 30, 2025, and closes on July 2, 2025.
| 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 Wed, Jul 2, 2025 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,38,000 |
| Retail (Max) | 1 | 1,200 | ₹1,38,000 |
| HNI (Min) | 2 | 2,400 | ₹2,76,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
As of December 31, 2024, the company has 16 permanent employees.
Competitve Strengths:
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 31.69 | 12.12 | 4.74 | 4.20 |
| Total Income | 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 | ||||
The market capitalization of Vandan Foods IPO is ₹96.43 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 45.41% |
| ROCE | 37.33% |
| RoNW | 27.92% |
| EBITDA Margin | 7.48% |
| Price to Book Value | 6.92 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.60 | 7.21 |
| P/E (x) | 24.98 | 15.94 |
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 |
[Dilip Davda] VFL that was in catering business, trading of agro commodities before venturing in to castor oil manufacturing. It posted growth in its top and bottom lines for the reported periods. Quantum jump in its top and bottom lines from FY24 onwards (i.e., in pre-IPO year) raise eyebrows and concern over its sustainability. Based on its recent financial data, the issue appears aggressively priced. Small equity base post-IPO indicates longer gestation period for migration. There is no harm in skipping this pricey issue being “High Risk/Low Return” bet. Read detail review...
| Listing Date | July 7, 2025 |
| BSE Script Code | 544436 |
| NSE Symbol | |
| ISIN | INE0RDJ01019 |
| Final Issue Price | ₹115 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹115.00 |
| Open | ₹125.00 |
| Low | ₹118.75 |
| High | ₹125.00 |
| Last Trade | ₹118.75 |
Vandan Foods Ltd.
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/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Vandan Foods IPO is a SME IPO of 26,40,000 equity shares of the face value of ₹10 aggregating up to ₹30.36 Crores. The issue is priced at ₹115 per share. The minimum order quantity is 1200.
The IPO opens on June 30, 2025, and closes on July 2, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Vandan Foods IPO using UPI as a payment gateway. Zerodha customers can apply in Vandan Foods IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vandan Foods IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vandan Foods IPO opens on June 30, 2025 and closes on July 2, 2025.
Vandan Foods IPO lot size is 1200, and the minimum amount required for application is ₹1,38,000.
You can apply in Vandan Foods IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Vandan Foods IPO will be done on Thursday, July 3, 2025, and the allotted shares will be credited to your demat account by Friday, July 4, 2025. Check the Vandan Foods IPO allotment status.
The Vandan Foods IPO listing date is on Monday, July 7, 2025.
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