Vandan Foods IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Mon, 30 Jun 2025
Close Date
Wed, 02 Jul 2025
Issue Price
₹ 115
Lot Size
1200
Issue Size
₹ 30.36 Cr
Minimum Investment
₹ 276,000 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Vandan Foods IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹30.36 Crore, comprising a fresh issue of 26.40 Lakh equity shares aggregating to ₹30.36 Crore.
The Vandan Foods IPO remained open for subscription from June 30, 2025, to July 02, 2025. The basis of allotment was finalized on July 03, 2025, and the company's shares were listed on BSE SME Platform on July 07, 2025.
The company had fixed the price at ₹115 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹276,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Nirbhay Capital Services Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Vandan Foods Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Vandan Foods IPO Timeline (Tentative)
- IPO Open Date
- Mon, 30 Jun 25
- IPO Close Date
- Wed, 02 Jul 25
- Basis of Allotment
- Thu, 03 Jul 25
- Initiation of Refunds
- Fri, 04 Jul 25
- Credit of Shares to Demat
- Fri, 04 Jul 25
- Listing Date
- Mon, 07 Jul 25 — NSE & BSE
Open Date
30 June 2025
Close Date
02 July 2025
Basis Of Allotment
03 July 2025
Listing Date
07 July 2025
IPO Subscription
Check Live Subscription →The Vandan Foods IPO has received bids for 45,19,200 shares against 25,08,000 shares offered, resulting in an overall subscription of 1.8x. the NII category is subscribed 0.51x, Retail Investors 3.09x, and QIBs 0x.
QIB
0x
NII
0.51x
RII
3.09x
Total
1.8x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 12,54,000 shares, representing 47.5% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 12,54,000 shares (47.5%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 132,000 | 5% |
| Non-Institutional | 1,254,000 | 47.5% |
| Retail Investors | 1,254,000 | 47.5% |
| Total | 2,640,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 31.69 | 12.12 | 4.74 | 4.2 |
| Revenue | 72.66 | 48.73 | 11.59 | 1.61 |
| Profit After Tax | 4.54 | 2.64 | 0.64 | -0.11 |
| Net Worth | 14.01 | 9.47 | 2.18 | -0.05 |
| Reserve & Surplus | 8.26 | 6.6 | 2.04 | -0.06 |
| Total Borrowings | 13.89 | 0 | 0.39 | 3.45 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Vandan Foods Limited KPI Information
| Particular | KPI as of Sun, Mar 31, 2024. |
|---|---|
| ROE % | 45.41 |
| ROCE % | 37.33 |
| RoNW % | 27.92 |
Peers Comparison
No Peer Comparision Available
About Vandan Foods Limited
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
- 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.
- 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.
Vandan Foods IPO Promoters
- Mr. Kalpeshkumar Bhagavandas Thakkar
- Mr. Rakeshkumar Rameshbhai Patel
- Mr. Jitendra Rameshbhai Patel
- Mrs. Jyotsana Jitendrabhai Patel
- Kalpesh Kumar Thakkar HUF
Promoters Holding
Holding Pre Issue
96.94%
Holding Post Issue
66.42%
Vandan Foods IPO Objective
The Company Vandan Foods IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- To Meet Working Capital Requirements
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
- Funding the capital expenditure requirement for expansion of the Dhinoj Facility (CAPEX)
- General Corporate Purpose
Vandan Foods Limited Address / Contact Details
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
Vandan Foods IPO Lot Size
The Vandan Foods IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹1,38,000 by applying for 1 lot (1,200 shares). The maximum application allowed for the retail category is 1 lots (1,200 shares), requiring an investment of ₹1,38,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 138,000.00 |
| Retail (Max) | 1 | 1,200 | 138,000.00 |
| S-HNI (Min) | 2 | 2,400 | 276,000.00 |
Issue Reservation
- Market Maker — 5%
- NII — 47.5%
- RII — 47.5%
Book Running Lead Managers
- Nirbhay Capital Services Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Vandan Foods IPO?
Vandan Foods IPO is a Fixed price IPO with a total issue size of ₹30.36 crore. The Vandan Foods IPO price band is ₹115 to 115 per share. The Vandan Foods IPO subscription opens on Mon, Jun 30, 2025, and closes on Wed, Jul 2, 2025. The Vandan Foods IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Vandan Foods IPO.
When will the Vandan Foods IPO open for subscription?
The Vandan Foods IPO opens on Mon, Jun 30, 2025 and closes on Wed, Jul 2, 2025
What is Vandan Foods IPO Price Band?
Vandan Foods IPO Price Band is ₹115 to 115 per share.
What is Vandan Foods IPO Lot Size?
Vandan Foods IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹276000 based on the upper price band
What is the minimum investment for Vandan Foods IPO?
The minimum investment for Vandan Foods IPO is ₹276000, based on one lot of 1200 shares at the upper price band of ₹115 per share.
How to apply for Vandan Foods IPO?
Investors can apply for the Vandan Foods IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Jul 2, 2025. The application amount remains blocked until the Vandan Foods IPO allotment is finalized.
What is Vandan Foods IPO Issue Size?
Vandan Foods IPO issue size is ₹30.36 crores.
What is the Vandan Foods IPO Allotment Date?
Vandan Foods IPO allotment date is Thu, Jul 3, 2025.
Who is the Vandan Foods IPO Registrar?
The registrar for Vandan Foods IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Vandan Foods IPO allotment status, refund processing, and other IPO-related information.
What is the Vandan Foods IPO GMP?
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 9.57% over the issue price.
Who is the Vandan Foods IPO Lead Manager?
The book-running lead managers (BRLMs) for the Vandan Foods IPO are Nirbhay Capital Services Private Limited . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Vandan Foods IPO Red Herring Prospectus (RHP).