Vandan Foods IPO Details
The Vandan Foods IPO is a fixed price issue with a total issue size of ₹30.36 cr, comprising of fresh issue of 2640000 equity shares. Vandan Foods IPO opened for subscription on Jun 30, 2025 and closed on Jul 02, 2025. Vandan Foods IPO has set the price at ₹115 per share, with a lot size of 1200 shares. Minimum investment for Retail investors was ₹276,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jul 03, 2025, and listed on both the NSE and BSE on Jul 07, 2025.
Bigshare Services Pvt Ltd has been appointed as the registrar. **Nirbhay Capital Services Private Limited ** are the Book Running Lead Manager for the issue.
Before investing in the Vandan Foods IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 115 – 115
- Lot Size
- 1200
- Issue Size
- ₹30.36 Cr
- Minimum Investment
- ₹276000 (2400 Shares)
- Listing Date
- 07 July 2025
Current GMP
₹25 (+21.74%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
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
Book Running Lead Managers
- Nirbhay Capital Services Private Limited
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 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.
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 per share.
Vandan Foods IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹276000 based on the upper price band
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.
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.
Vandan Foods IPO issue size is ₹30.36 crores.
Vandan Foods IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.