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IPO Analysis > vandan-foods-bse-sme

 

Vandan Foods IPO Highlights Investors Should Know

Castor oil’s global market is rising steadily. With strong demand from pharma and cosmetics, the Castor oil market is expected to reach USD 2.3 billion by 2032. Vandan Foods is riding on this upward trend as it operates in the castor oil business. The company is ready to go public with its IPO on 30 June 2025. 

The Vandan Foods IPO lead manager is Nirbhay Capital Services while the registrar of this IPO is Bigshare Services Limited.  

Check the Vandan Foods Limited DRHP for more details.

Note: For 50% of the shares, the anchor lock-in period expires 30 days following the actual allocation, and for the remaining part, it ends 90 days later.

Vandan Foods IPO Details: Company Profile

A strong plan and thoughtful fund use, make this company worth a look. 


Particulars

Details

Established 

2015

Registered Office 

Ahmedabad, Gujarat

Promoter

Mr. Kalpeshkumar Bhagavandas Thakkar

Products 

Refined Castor Oil, Agriculture Commodities, and Castor De Oiled Cake

Manufacturing Plant 

Near Sitapur Village, Dhinoj Patan, Gujarat

Competitors 

Jayant Agro-Organics and NK Industries Limited


Exploring the Vandan Foods IPO Details

Know the Vandan Foods' background and financials before applying for the IPO.

The Vandan Foods Limited IPO calendar gives a clear timeline that helps you understand where Vandan Foods fits in the current market dynamics.


Event Description

Date

Start of IPO Application Window

30 Jun 2025

End of IPO Application Window

02 Jul 2025

Deadline for UPI Mandate Confirmation (by 5 PM)

02 Jul 2025

Basis of Allotment Finalised

03 Jul 2025

Refunds Initiated for Non-Allottees

04 Jul 2025

Shares Credited to Demat Accounts

04 Jul 2025

Listing on Stock Exchange

07 Jul 2025

Expiry of UPI Mandate Authorisation

17 Jul 2025

50% Lock-in Period Ends for Anchor Investors

02 Aug 2025

Full Lock-in Period Ends for Anchor Investors

01 Oct 2025

The IPO size of the company is discussed here.


Particulars

Number of Equity Shares

Aggregate Value

Fresh Issue 

26,50,000

₹30.36 crores

Offer for Sale

Overall Issue 

26,50,000

₹30.36 crores

Vandan Foods has mapped out how it will use the IPO proceeds for scaling and future growth.


Particulars

Amount (₹ in Lakhs)

Working Capital Requirements

805.2

Repayment of certain borrowings 

140

For Dhinoj Facility 

829

General Corporate Purpose

Not Disclosed

We've lined up the essential information you need about Vandan Foods IPO pricing.


Particulars

Description

Face value of each share

₹10

Price Range

₹115

Listed At 

BSE SME

Retail buyers, HNIs, and QIBs all have clear bidding brackets. Get a quick view of them here.


Particulars

Net Issue to Public

Reservation Portion for Market Maker 

Number of Equity Shares

25,08,000 

1,32,000 

Percentage of Issue Size available

95.00% of the Issue Size

5.00% of the Issue Size

Basis of Allotment / Allocation

Minimum allotment of 1200 Equity Shares. 

Firm Allotment

Mode of Application

All Applicants shall apply through ASBA process only.

ASBA mode available 

Minimum Application Size

- NII: Application value is more than ₹2,00,000

 - Retail Individuals: 1200 Equity Shares

1,32,000 Equity Shares

Maximum Bid

- NII: Application does not exceed 25,08,000 Equity Shares  

- Retail Individuals: 1200 Equity Shares so that value is less than ₹2,00,000

1,32,000 Equity Shares


Open your demat account to bid for Vandan Foods IPO and apply now to other IPOs for smart investing.

Vandan Foods IPO details: Key Financials 

These figures help show how Vandan Foods is growing in terms of margins and revenue.


Particulars

31 August 2024 (₹ in Lakhs)

31 March 2024 (₹ in Lakhs)

31 March 2023 (₹ in Lakhs)

31 Mar 2022 (₹ in Lakhs)

Share Capital

574.48

287.24

13.64

1.00

Net Worth

1,172.57

947.02

217.58

-4.69

Revenue from Operations

4,683.90

4,873.04

1,159.35

147.55

Profit After Tax

225.55

264.43

64.28

-11.43

Earnings Per Share (Pre-Bonus)

57,44,800

28,72,400

1,36,400

10,000.00

Earnings Per Share (Post-Bonus)

57,44,800

56,96,815

48,78,251

47,66,400

NAV per Equity Share (Pre-Bonus)

20.41

32.97

159.52

-46.95

NAV per Equity Share (Post-Bonus)

20.41

16.62

4.46

-0.10

Total Borrowings

891.30

39.47

345.29


Metrics of Vandan Foods IPO 

Particulars

August 31, 2024

March 31, 2024

March 31, 2023

Mar 31, 2022

EBITDA Margin

7.47%

7.48%

8.58%

-5.27%

Net Profit Margin

4.82%

5.43%

5.54%

-7.75%

Return on Capital Employed

16.27%

37.33%

33.42%

-4.00%

Return on Equity

21.28%

45.41%

60.39%

-1116.78%

Debt to Equity Ratio

0.76

0.18

-73.55

Fixed Asset Turnover Ratio

7.72

8.64

29.98

2.82


Strengths and risks

We’ve put together a review of Vandan Foods IPO strengths and risks so you can understand it at a glance.


Strengths



Risks


IPO Closing Soon: Is Vandan Foods IPO Worth the Rush?

There’s no Vandan Foods IPO GMP at the moment. The shares are priced at ₹115, and that’s exactly how they’re doing outside the official market too. Just be sure to stay updated on allotment dates and share movements.


Apply for Vandan Foods IPO now!

FAQs

1. What’s the Vandan Foods IPO Price?
The Vandan Foods IPO price is ₹115. This price is fixed for all investors participating in the IPO.

2. What’s the Vandan Foods IPO GMP Today?
As of July 3, 2025, the Vandan Foods IPO GMP (grey market premium) stands at NIL, indicating no premium or discount is being quoted in the unofficial market.

3. What's the Vandan Foods IPO Review?
The Vandan Foods IPO review suggests that while the company's fundamentals may be stable, the absence of GMP and limited analyst coverage means investors should examine the financials, DRHP, and industry positioning carefully before applying.

4. What is the Vandan Foods IPO Subscription Status?
The Vandan Foods IPO subscription status will be available on the official NSE/BSE websites once the IPO opens for bidding. Investors can track the demand in different categories such as retail, QIB, and NII during the subscription period.

5. Can I apply for the Vandan Foods IPO without a Demat Account?
No, you cannot apply without one. You must have a Demat account to bid for any IPO, including the Vandan Foods IPO. It allows the shares to be credited electronically once allotted.

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