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Vandan Foods IPO

Open Sme
BSE 30 June - 02 July 2025
Vandan Foods Limited IPO is a fixed price issue of 30.36 Cr. The issue is entirely a fresh issue of 2640000 shares aggregating to 30.36 Cr. Vandan Foods Limited IPO opened for subscription on Jun 30, 2025 and closed on Jul 02, 2025. The allotment for the this IPO was finalized on Jul 03, 2025. IPO was listed on NSE and BSE on Jul 07, 2025. Vandan Foods Limited IPO has set the issue price at ₹115 per share.

Current GMP

₹25 (+21.74%)

Price Band

₹ 115 – 115

Lot Size

1200

Issue Size

₹30.36 Cr

Minimum Investment

₹276000 (2400 Shares)

Listing Date

07 July 2025

Subscription

1.8x

About the Company

Incorporated in 2015, Vandan Foods Limited is engaged in the manufacturing of refined castor oil (First Stage Grade – F.S.G.) and castor de-oiled cake, catering to both B2B and B2C markets. The company places a strong emphasis on quality control, efficient inventory management, and strategic business development to ensure customer satisfaction and consistent product performance.

Product Portfolio

  1. Refined Castor Oil – First Stage Grade (F.S.G.):
    A high-quality, refined and bleached oil derived from castor seeds (Ricinus communis), used across a variety of industries including:
    • Pharmaceuticals
    • Lubricants
    • Paints and coatings
    • Textiles
    • Cosmetics and personal care
      In addition to its industrial uses, castor oil is also known for its health and wellness benefits, such as promoting hair and skin health and relieving constipation.
  2. Castor De-Oiled Cake:
    A nutrient-rich, natural fertilizer containing nitrogen, phosphoric acid, and potash, widely used in agriculture to:
    • Enhance soil fertility
    • Stimulate microbial activity
    • Provide an eco-friendly alternative to synthetic fertilizers

Operations & Infrastructure

Vandan Foods operates from two manufacturing facilities located in Dhinoj Patan, Gujarat, and supplies its products to various states across India, including:

  • Gujarat
  • Haryana
  • Andhra Pradesh
  • Delhi
  • Bihar
  • Rajasthan
  • Telangana

The company’s distribution network extends to semi-urban, rural, and small-town markets, supporting sustainable agricultural and industrial practices.

Competitive Strengths

  • Experienced Promoters and Management
  • Robust Quality Control and Assurance Mechanisms
  • Diversified Customer Base and Market Reach
  • Scalable and Resource-Efficient Business Model
  • Seamless Operational Processes
  • Effective Resource Utilization

As of December 31, 2024, Vandan Foods Limited employs 16 permanent staff members overseeing operations, production, and administration. The company fosters a lean, agile structure that supports growth while maintaining high standards of quality and efficiency.

Promoters

  1. Mr. Kalpeshkumar Bhagavandas Thakkar
  2. Mr. Rakeshkumar Rameshbhai Patel
  3. Mr. Jitendra Rameshbhai Patel
  4. Mrs. Jyotsana Jitendrabhai Patel
  5. Kalpesh Kumar Thakkar HUF
Promoters Holding

Holding Pre Issue

96.94%

Holding Post Issue

66.42%

Objects of the Issue

The Company Vandan Foods IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.

  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

Address / Contact Info

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/

IPO Snapshot

Face Value₹10 per share
Price Band₹ 115 – 115
Lot Size1200
Issue TypeFixed price IPO
Sale Type
Fresh Issue₹ 30.36 Cr
Offer for Sale₹ 0.00 Cr
Total Issue Size₹ 30.36 Cr
Listing AtBSE
Industry
Sector
Retail Quota47.5%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Vandan Foods IPO is a Fixed price IPO worth ₹30.36 crores. The price band is ₹115 to 115 per share. The IPO opens on Mon, Jun 30, 2025 and closes on Wed, Jul 2, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.

The Vandan Foods IPO opens on Mon, Jun 30, 2025 and closes on Wed, Jul 2, 2025

Vandan Foods IPO Price Band is ₹115 to 115.

Vandan Foods IPO lot size is 1200, and the minimum amount required for application is ₹276000.

The minimum investment for Vandan Foods IPO is approximately ₹276000 based on the upper price band.

To apply for the Vandan Foods IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Jul 2, 2025. After submission, funds are blocked until the basis of allotment of Vandan Foods IPO is finalised.

Vandan Foods IPO issue size is ₹30.36 crores.

Vandan Foods IPO allotment date is Sat, Jun 27, 2026.

The registrar for Vandan Foods IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Vandan Foods IPO through their official website or helpline.

The Vandan Foods IPO GMP (Grey Market Premium) is ₹11 as of Wed, Jul 2, 2025. Based on the upper price band of ₹115 per share, the estimated Vandan Foods IPO listing price is ₹126, indicating a potential listing gain of approximately 31% over the issue price.