Vandan Foods Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,254,000 (48%) | — | ₹1,442 Cr |
| Retail | — | 1,254,000 (48%) | — | ₹1,442 Cr |
| Market Maker | — | 132,000 (5%) | — | ₹15 Cr |
| Σ Total | — | 2,640,000 (100%) | — | ₹30,360 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹138,000 |
| Retail (Max) | 13 | 15,600 | ₹1,794,000 |
| S-HNI (Min) | 14 | 16,800 | ₹1,932,000 |
| B-HNI (Min) | 67 | 80,400 | ₹9,246,000 |
Financial Statements Amount In Crore
| Metric | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 73 | 49 | 12 |
| EBITDA | 7 | 4 | 1 |
| Profit After Tax | 5 | 3 | 1 |
| Net Worth | 14 | 9 | 2 |
| Total Assets | 32 | 12 | 5 |
| Reserves & Surplus | 8 | 7 | 2 |
| Total Borrowing | 14 | — | 0 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To Meet Working Capital Requirements – 8.57
- 2 Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company – 3.00
- 3 Funding the capital expenditure requirement for expansion of the Dhinoj Facility (CAPEX) – 8.29
- 4 General Corporate Purpose – 7.51
Company Overview
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 specific addresses.
Products:
- Refined Castor Oil First Stage Grade (F.S.G.): The company produces F.S.G. Castor Oil, a refined, bleached oil used in lubricants, paints, pharmaceuticals, textiles, and more. It also offers health benefits like relieving constipation and promoting hair and skin growth.
- Castor De-Oiled Cake: The company produces Castor De-Oil Cake, a natural fertilizer rich in nitrogen, phosphoric acid, and potash. It promotes soil microbial activity and serves as an effective alternative to chemical fertilizers.
As of December 31, 2024, the company has 16 permanent employees.
Competitve Strengths:
- 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