Vandan Foods IPO
Vandan Foods IPO(VANDAN)
Overview
Vandan Foods IPO is a fixed price of ₹30.36 crores. The issue is entirely a fresh issue of 26.40 lakh shares. Vandan Foods IPO opens for subscription on June 30, 2025 and closes on July 2, 2025. The allotment for the Vandan Foods IPO is expected to be finalized on Thursday, July 3, 2025. Vandan Foods IPO will be list on BSE SME with a tentative listing date fixed as Monday, July 7, 2025. Vandan Foods IPO price is ₹115 per share. The minimum lot size for an application is 1200. The minimum amount of investment required by retail investors is ₹1,38,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹2,76,000. Nirbhay Capital Services Private Limited is the book-running lead manager of the Vandan Foods IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Vandan Foods IPO is Aftertrade Broking Pvt Ltd. Refer to Vandan Foods IPO DRHP for detailed information.
Total Shares
26,40,000
Issue Size
₹30.36 Cr
Price Band
₹115 – ₹115
Lot Size
1200 shares
Min. Investment
₹1,38,000
Max. Investment
₹1,38,000
Open Date
30 Jun, 2025
Close Date
02 Jul, 2025
Allotment
03 Jul, 2025
Listing
07 Jul, 2025
Max. Investment
₹1,38,000
Announced
30 Jun, 2025
Opening Date
30 Jun, 2025
Closing Date
02 Jul, 2025
Basis of Allotment
03 Jul, 2025
Initiation of Refunds
04 Jul, 2025
Credit of Shares
04 Jul, 2025
Listing Date
07 Jul, 2025
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About Vandan Foods IPO
Incorporated in 2015, Vandan Foods Limited is engaged in the manufacturing of Refined F.S.G. Castor Oil and Castor Oiled Cake.
The company operates as both B2B and B2C models; the company emphasizes quality control, inventory management, and business development to ensure customer satisfaction.
The company supplies its products across Gujarat, Haryana, Andhra Pradesh, Delhi, Bihar, Rajasthan, and Telangana. Its manufacturing facilities are located in Dhinoj Patan, Gujarat, at two
Vandan Foods IPO Share Price
Issue Breakdown
Shareholding
Dilution: 46.0% increase in shares
Vandan Foods IPO Promoter
Vandan Foods IPO Financial Health
Vandan Foods IPO Lot Size
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,38,000 |
| Retail (Max) | 1 | 1200 | ₹1,38,000 |
| HNI (Min) | 2 | 2400 | ₹2,76,000 |
(All values in CR)
Vandan Foods IPO Valuation
The market capitalization of Vandan Foods IPO is ₹96.43 Cr. KPI as of Sun, Mar 31, 2024.
| Metric | Value |
|---|---|
| ROE | 45.41 |
| ROCE | 37.33 |
| RoNW | 27.92 |
| EBITDA Margin | 7.48 |
| Price to Book Value | 6.92 |
(All values in CR)
Vandan Foods IPO Strength & Risk
Vandan Foods IPO Strength:
- Experienced Promoters and Management Team
- Quality Control and Quality Assurance
- Diversified business model and customer base
- Scalable Business Model
- Smooth flow of operations
- Optimal Utilization of Resources
Vandan Foods IPO Risk:
High min. investment requirement (₹1.38 lakh for 1,200 shares) limits broad retail participation.
Customer concentration risk: heavy reliance on a few key clients could impact revenue if orders decline.
Supplier dependency: limited number of raw-material suppliers (castor seeds/oil); any disruption could hurt operations.
Geographic concentration: operations and sales mainly in Gujarat; region-specific issues could adversely affect business.
Negative cash flows reported in operating, investing, and financing activities.
Seasonal business volatility tied to crop cycles, causing fluctuations in earnings.
Operating from leased premises only, which may pose renewal or operational continuity risks.
Raw-material price volatility (castor seeds/oil) can squeeze margins.
Promoter-related issues: past credit defaults and missing educational credentials for some directors.
Litigation risk: ongoing legal cases involving promoters and directors may lead to liabilities.
Vandan Foods IPO Subscription Status
Vandan Foods IPO subscribed 1.75 times. The public issue subscribed 3.09 times in the retail category, [.] times in QIB, and 0.41 times in the NII category by July 2, 2025 5:04:32 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Market Maker | 1.00 | 1,32,000 | 1,32,000 | 1.52 |
| Non-Institutional Buyers | 0.41 | 12,54,000 | 5,11,200 | 5.88 |
| Retail | 3.09 | 12,54,000 | 38,76,000 | 44.57 |
| Total | 1.75 | 25,08,001 | 43,87,200 | 50.45 |
Vandan Foods SME IPO GMP
Vandan Foods was listed on the stock exchange on 07-07-2025. The IPO was subscribed 1.75x. The last GMP for Vandan Foods IPO was ₹0, updated on Jul 7th 2025 09:30 AM. As per the last GMP, the expected profit/loss for the IPO was 0.00%. The issue price of Vandan Foods IPO (544436) was ₹115.00, listed at a price of ₹125.00, which is 8.70% higher than the allotment price. The expected IPO listing price as per grey market was ₹115, listed above GMP price and marked as positive listing for GMP.
Last updated 07 Jul, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 07 Jul, 2025 | 115 | ₹0 | - | ₹115 (0.00%) | - | 07 Jul, 2025 |
| 06 Jul, 2025 | 115 | ₹0 | - | ₹115 (0.00%) | - | 06 Jul, 2025 |
| 05 Jul, 2025 | 115 | ₹0 | - | ₹115 (0.00%) | - | 05 Jul, 2025 |
| 04 Jul, 2025 | 115 | ₹0 | - | ₹115 (0.00%) | - | 04 Jul, 2025 |
| 03 Jul, 2025 | 115 | ₹0 | - | ₹115 (0.00%) | - | 03 Jul, 2025 |
| 02 Jul, 2025 | 115 | ₹0▼ | - | ₹115 (0.00%) | - | 02 Jul, 2025 |
| 01 Jul, 2025 | 115 | ₹25▲ | 22800 | ₹140 (21.74%) | 30000 | 01 Jul, 2025 |
| 30 Jun, 2025 | 115 | ₹20▲ | 18200 | ₹135 (17.39%) | 24000 | 30 Jun, 2025 |
| 29 Jun, 2025 | 115 | ₹5 | 4600 | ₹120 (4.35%) | 6000 | 29 Jun, 2025 |
| 28 Jun, 2025 | 115 | ₹5 | 4600 | ₹120 (4.35%) | 6000 | 28 Jun, 2025 |
| 27 Jun, 2025 | 115 | ₹5▲ | 4600 | ₹120 (4.35%) | 6000 | 27 Jun, 2025 |
| 26 Jun, 2025 | 115 | ₹0 | - | ₹115 (0.00%) | - | 26 Jun, 2025 |
| 25 Jun, 2025 | 115 | ₹0 | - | ₹115 (0.00%) | - | 25 Jun, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Vandan Foods IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Vandan Foods IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.