Vama Wovenfab IPO: Price Band, Lot Size, Financials & Review
Vama Wovenfab IPO listed on BSE on Tue, 22 Sep 2026. The issue was subscribed 2.72x overall.
- Open Date
- 15 Sep 2026
- Close Date
- 17 Sep 2026
Last updated
- Price band
- ₹324 – ₹341
- Lot size
- 400 shares
- Min. investment
- ₹2,72,800
- Issue size
- ₹49.54 Cr
- Last GMP
- +₹3
- Subscribed
- 🔥 2.72x
Vama Wovenfab IPO details
Vama Wovenfab IPO is a ₹49.54 Cr book-building IPO on the SME segment, listing on BSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue was open from Tue, 15 Sep 2026 to Thu, 17 Sep 2026. Allotment was finalised on Fri, 18 Sep 2026, and the shares listed on BSE on Tue, 22 Sep 2026.
The price band is ₹324 to ₹341 per share and the lot size is 400 shares, so the minimum retail application is ₹2,72,800. Retail investors can apply for up to 2 lots (800 shares, ₹2,72,800).
Maashitla Securities Pvt. Limited is the registrar, and Gretex Corporate Services Pvt Ltd is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last Vama Wovenfab IPO GMP before listing was +₹3 (+0.88% against the upper price band of ₹341), implying an estimated listing price of ₹344. Across 10 days of tracking, GMP ranged from 0 (13 Sep) to +₹70 (16 Sep).
| Last GMP | +₹3 |
|---|---|
| GMP vs upper band | +0.88% |
| Estimated listing price | ₹344 |
| Highest (16 Sep) | +₹70 |
| Lowest (13 Sep) | 0 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Vama Wovenfab IPO day-wise GMP.
Subscription
Day-wise subscription →Vama Wovenfab IPO was subscribed 2.72x overall: QIB 1.00x, NII 2.49x and retail 2.80x.
| Category | Subscribed |
|---|---|
| QIB | 1.00x |
| NII | 2.49x |
| └ bNII (above ₹10 lakh) | 2.72x |
| └ sNII (₹2–10 lakh) | 2.03x |
| Retail | 2.80x |
| Total | 2.72x |
Final figures at the close of bidding on 17 Sep 2026. Category-wise bids, application-wise breakup and allotment chances are on the Vama Wovenfab IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Qualified Institutions | 14,400 | 1.04% |
| Non-Institutional | 2,76,000 | 20.00% |
| └ BNII | 1,83,600 | 13.30% |
| └ SNII | 92,400 | 6.70% |
| Retail Investors | 10,89,600 | 78.96% |
| Total | 13,80,000 | 100.00% |
Vama Wovenfab IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 800 | ₹2,72,800 |
| Retail (Max) | 2 | 800 | ₹2,72,800 |
| S-HNI (Min) | 3 | 1,200 | ₹4,09,200 |
| S-HNI (Max) | 7 | 2,800 | ₹9,54,800 |
| B-HNI (Min) | 8 | 3,200 | ₹10,91,200 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
At the upper price band of ₹341, the issue is priced at 11.04x pre-issue earnings and 15.33x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
Listed peers with positive earnings trade at a median P/E of 93.86x (2 companies).
Promoter holding falls from 100.00% before the issue to 72.00% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹30.9 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 11.04x |
| EPS (post-issue) EPS on the enlarged share capital | ₹22.25 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 15.33x |
| Promoter holding (pre-issue) | 100.00% |
| Promoter holding (post-issue) | 72.00% |
Vama Wovenfab Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹77.76 Cr to ₹214.62 Cr, and profit after tax rose from ₹6.84 Cr to ₹11.55 Cr. The PAT margin for 31 Mar 2026 was 5.38%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 74.18 | 67.47 | 37.14 |
| Total Income | 214.62 | 77.76 | 27.87 |
| Profit After Tax | 11.55 | 6.84 | 2.63 |
| EBITDA | 17.86 | 10.37 | 5.10 |
| Net Worth | 28.69 | 17.15 | 9.05 |
| Reserve & Surplus | 24.96 | 13.41 | 5.44 |
| Total Borrowings | 25.44 | 16.94 | 11.17 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 50.37 | 52.20 | 34.00 |
| ROCE % | 31.94 | 28.83 | 22.44 |
| Debt / Equity | 0.89 | 0.99 | 1.23 |
| RoNW % | 50.37 | 52.20 | 34.00 |
| Pat Margin % | 5.38 | 8.83 | 9.44 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Vama Wovenfab Ltd | 10 | — | 30.90 | 30.90 | 50.37% | 76.80 |
| Aeroflex Neu Ltd (Formerly known as Sah Polymers Limited) | 10 | 183.18 | 0.45 | 0.38 | 1.27% | 39.08 |
| Kahan Packaging Ltd | 10 | 4.53 | 4.30 | 4.30 | 11.20% | 40.54 |
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Capital Expenditure towards Construction of shed |
| 2 | Capital Expenditure towards Purchase of Machinery |
| 3 | To Meet Working Capital Requirements |
| 4 | General Corporate Purposes |
About Vama Wovenfab Limited
Incorporated in 2011, Vama Wovenfab Ltd. is engaged in the manufacturing and sale of Polypropylene (PP) and High-Density Polyethylene (HDPE) woven sacks, bags, and fabric-based products. Its product portfolio includes HDPE trampolines, coloured woven fabric sheets, loop-handle bags, and customized woven packaging solutions manufactured to meet specific customer requirements. The company also trades in plastic granules.
Vama Wovenfab caters primarily to B2B manufacturers and traders across a diverse range of industries, offering customized bulk-packaging solutions tailored to their operational and packaging requirements. Its manufacturing operations are supported by a well-equipped facility capable of producing woven bags and fabrics, while also processing recycled materials to enhance resource utilization and operational efficiency.
The company’s manufacturing facility is located in Daman, while its sales network extends across four states and two Union Territories in India as of FY 2024–25.
Vama Wovenfab’s products serve a broad spectrum of industries, including agriculture, food and beverages, cement, fertilizers, chemicals, sugar, construction, retail, and bulk packaging and logistics.
The company has an established distribution network covering key markets across states and regions, including Maharashtra, Gujarat, and Daman.
Promoters
- Mr. Suresh Mohanlal Gupta
- Mr. Vaibhav Suresh Gupta
- Mr. Saurabh Suresh Gupta
- Mrs. Nisha Vaibhav Gupta
Contact details
Vama Wovenfab Ltd.
1104, W 92, L T Road,
Borivali (West) Vazira Naka
Mumbai, Maharashtra, 400092
Tel: +91 89768 50365
Email: info@vamawoven.com
Website: https://www.vamawoven.com/
Vama Wovenfab IPO FAQs
- What is the Vama Wovenfab IPO price band?
- The Vama Wovenfab IPO price band is ₹324 to ₹341 per share.
- What is the Vama Wovenfab IPO lot size and minimum investment?
- The Vama Wovenfab IPO lot size is 400 shares. The minimum retail investment is ₹2,72,800 for one lot at the upper price band. Retail investors can apply for up to 2 lots (800 shares), costing ₹2,72,800.
- When was Vama Wovenfab IPO open for subscription?
- Vama Wovenfab IPO was open for subscription from Tue, 15 Sep 2026 to Thu, 17 Sep 2026.
- What is the Vama Wovenfab IPO subscription status?
- Vama Wovenfab IPO was subscribed 2.72x overall: QIB 1.00x, NII 2.49x and retail 2.80x. Day-wise and category-wise figures are on the subscription page.
- What was the Vama Wovenfab IPO GMP before listing?
- The last Vama Wovenfab IPO GMP before listing was +₹3 (+0.88% against the upper price band of ₹341), implying an estimated listing price of ₹344. Across 10 days of tracking, GMP ranged from 0 (13 Sep) to +₹70 (16 Sep). GMP is an unofficial grey market indicator and can change quickly.
- What is the Vama Wovenfab IPO allotment date?
- The Vama Wovenfab IPO basis of allotment was finalised on Fri, 18 Sep 2026. You can check your allotment status on the Maashitla Securities Pvt. Limited website.
- What is the Vama Wovenfab IPO listing date?
- Vama Wovenfab IPO listed on BSE on Tue, 22 Sep 2026.
- Is the Vama Wovenfab IPO a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the Vama Wovenfab IPO?
- The registrar for the Vama Wovenfab IPO is Maashitla Securities Pvt. Limited, and the book running lead manager is Gretex Corporate Services Pvt Ltd.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.