IPO Issue Details
Issue Price / Price Band₹115 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size26,40,000 shares (aggregating up to ₹30.36 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 30 Jun 2025
Subscription CloseWed, 02 Jul 2025
Anchor AllotmentSun, 29 Jun 2025
Basis of AllotmentThu, 03 Jul 2025
Initiation of RefundsFri, 04 Jul 2025
Credit of Shares to DematFri, 04 Jul 2025
Listing DateMon, 07 Jul 2025
UPI Mandate Deadline2025-07-02
Application & Investment Details
Retail — Min (1 Lots)₹1,38,000 — 1200 shares
Retail — Max (13 Lots)₹1,794,000 (13 Lots)
HNI — Min (2 Lots)₹2,76,000 — 2400 shares
EPS (Pre-IPO)₹4.60
EPS (Post-IPO)₹7.21
P/E Ratio (Pre-IPO)24.98x
P/E Ratio (Post-IPO)15.94x
Net Offer to Public25,08,000 shares (aggregating up to ₹28.84 Cr)
Reserved for Market Maker1,32,000 shares (aggregating up to ₹1.52 Cr)
Pre-IPO Promoter Holding57,44,800 shares
Post-IPO Promoter Holding83,84,800 shares
About Vandan Foods Ltd.
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 TeamQuality Control and Quality AssuranceDiversified business model and customer baseScalable Business ModelSmooth flow of operationsOptimal Utilization of Resources
Objects of the Issue
Vandan Foods Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To Meet Working Capital Requirements
8.57
2
2 Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
3.00
3
3 Funding the capital expenditure requirement for expansion of the Dhinoj Facility (CAPEX)
8.29
4
4 General Corporate Purpose
7.51
Shareholding & Lock-in
Pre-IPO Promoter Holding
57,44,800 shares
Post-IPO Promoter Holding
83,84,800 shares