Fixed Price IPO | ₹30 Cr | Listed at BSE SME | Mon, Jun 30, 2025 - Wed, Jul 2, 2025
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Jun 30, 2025
IPO Close
Wed, Jul 2, 2025
Issue Price
₹115 per share
Market Cap (Pre-IPO)
₹96.43 Cr
| IPO Date | 30 Jun to 2 Jul, 2025 |
| Listed on | Mon, Jul 7, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹115 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 26,40,000 shares (agg. up to ₹30 Cr) |
| Reserved for Market Maker | 1,32,000 shares Aftertrade Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 25,08,000 shares (agg. up to ₹29 Cr) |
| Net Offered to Public | 25,08,000 shares (agg. up to ₹29 Cr) |
| Share Holding Pre Issue | 57,44,800 shares |
| Share Holding Post Issue | 83,84,800 shares |
| BSE Script Code | 544436 |
| ISIN | INE0RDJ01019 |
Vandan Foods IPO comprises a total issue size of 26,40,000 shares. The net offer to the public is 25,08,000 shares, after excluding 1,32,000 shares allotted on a firm basis. Of the Net offer 12,54,000 (50.00%) allocated to NII 12,54,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,54,000 | 50.00% | 47.50% |
| Retail Shares Offered | 12,54,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,32,000 | 5.00% | |
| Total Shares Offered | 26,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 45.41% |
| ROCE | 37.33% |
| RoNW | 27.92% |
| PAT Margin | 5.43% |
| EBITDA Margin | 7.48% |
| Price to Book Value | 6.92 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.60 | 7.21 |
| P/E (x) | 24.98 | 15.94 |
| Promoter Holding | 96.94% | 66.42% |
| Market Cap | ₹96.43 Cr. |
The Vandan Foods IPO is subscribed 1.75 times on July 2, 2025 5:04:32 PM (Day 3). The public issue subscribed 3.09 times in the retail category, [.] times in the QIB category, and 0.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 0.41 | 12,54,000 | 5,11,200 | 0 |
| Retail | 3.09 | 12,54,000 | 38,76,000 | 0 |
| Total | 1.75 | 25,08,001 | 43,87,200 | 3,434 |
Total Application : 3,434
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees & Underwriting Commission | 1.01 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising, Marketing Expenses and Printing Expenses | 0.07 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.05 |
| 5 | Fees payable to Peer Review Auditor | 0.03 |
| 6 | Fees to the Legal Advisor | 0.02 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.09 |
| 8 | Others (Fees payable for marketing & distributing expenses, fees to Monitoring Agency, selling commission, brokerage, processing fees, advisory & professional fees, and other miscellaneous expenses.) | 1.72 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹115.00 |
| Open | ₹125.00 |
| Low | ₹118.75 |
| High | ₹125.00 |
| Last Trade | ₹118.75 |
Lead Manager Reports
Vandan Foods IPO is a SME IPO of 26,40,000 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹115 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Jun 30, 2025, and closes on Wed, Jul 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 Mon, Jun 30, 2025 and closes on Wed, Jul 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 Fri, Jul 4, 2025. Check the Vandan Foods IPO allotment status.
The Vandan Foods IPO listing date is on Mon, Jul 7, 2025.
