Vandan Foods Limited (BSE SME)
June 30, 2025 – July 2, 2025
| Price | ₹115 - ₹115 |
| Premium | ₹20 |
|---|---|
| Lot size | 1200 |
| Allotment | Jul 3, 2025 |
| Listing | Jul 7, 2025 |
Subscription
Last updated on 30-Jun-2025 11:23:16
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 1254000 | 0 | 0 |
| Retail | 1254000 | 75600 | 0.06 |
| Total | 2508000 | 75600 | 0.03 |
| Total Applications: 70 | |||
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail (10000 to 2 lakh) | 1 | 1200 | 138000 | 1045 |
| HNI (2 lakh to 5 lakh) | 2 | 2400 | 276000 | 1045 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.5% | 1254000 |
| Other | 47.5% | 1254000 |
| Market Maker | 5.00% | 132000 |
| Total No. of Shares | 100.0% | 2640000 |
Vandan Foods IPO Details
| Issue Size | 26,40,000 shares (aggregating up to ₹30.36 Cr) |
| Fresh Issue | 26,40,000 shares (aggregating up to ₹30.36 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 57,44,800 shares |
| Share Holding Post Issue | 83,84,800 shares |
| Market Maker's Portion | 1,32,000 Shares |
| Market Maker | After Trade Broking |
Key Performance Indicator (KPI)
| KPI | Dec-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 38.64% | 45.41% | 60.39% |
| ROCE | 24.20% | 37.33% | 33.42% |
| D/E | 0.99 | - | 0.18 |
| RONW | 32.38% | 27.92% | 29.54% |
| EPS (Diluted) | 7.9 | 4.64 | 1.32 |
| P/E Pre IPO | 24.98 | ||
| P/E Post IPO | 15.94 |
Company Financials In Crores
| Period | Dec 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|
| Assets | 31.69 | 12.12 | 4.74 | 4.20 |
| Revenue | 72.66 | 48.73 | 11.59 | 1.61 |
| Profit | 4.54 | 2.64 | 0.64 | -0.11 |
| EBITDA | 6.92 | 3.65 | 0.99 | -0.08 |
| Net Worth | 14.01 | 9.47 | 2.18 | -0.05 |
| Reserves | 8.26 | 6.60 | 2.04 | -0.06 |
| Borrowing | 13.89 | 0.39 | 3.45 |
About Company
Incorporated: 2015 | Location: Dhinoj Patan, Gujarat (2 manufacturing facilities)
Business Models: B2B & B2C
Employees: 16 (as of December 31, 2024)
Core Products
- Refined F.S.G. Castor Oil
o Applications: Lubricants, paints, pharmaceuticals, textiles, cosmetics.
o Health Benefits: Relieves constipation, promotes hair/skin growth.
o Quality: First Stage Grade (F.S.G.), refined and bleached for high purity.
- Castor De-Oiled Cake
o Use: Natural fertilizer rich in nitrogen, phosphoric acid, and potash.
o Benefits: Enhances soil microbial activity, eco-friendly alternative to chemical fertilizers.
Market Reach
Supplies across Gujarat, Haryana, Andhra Pradesh, Delhi, Bihar, Rajasthan, and Telangana.
Utilization of Net Proceeds from the IPO
- Working Capital (31.3%): Largest allocation, indicating focus on scaling operations.
- Debt Repayment (11%): Likely to improve financial health by reducing interest burdens.
- CAPEX (30.3%): Expansion of the Dhinoj Facility suggests growth in production capacity.
Strength
Experienced Leadership – Strong promoters and management team with industry expertise.
High Quality Standards – Robust quality control ensures consistent product reliability.
Diversified Client Base – Balanced B2B and B2C mix minimizes dependency on any single segment.
Weakness
Customer Concentration Risk – Dependence on key customers poses a threat to revenue stability if relationships weaken.
Supplier Dependency – Heavy reliance on select raw material suppliers may disrupt operations if supply is delayed or costs rise.
Geographic Concentration – Business operations are concentrated in Gujarat, exposing the company to region-specific risks.
Lead Manager(s)
Address
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/