Vandan Foods iPo: The IPO of Vandan Foods has been opened for subscription today. This IPO of ₹ 30.36 crore has received 0.18 times subscription by 2:14 pm on the first day of bidding, with bids for 4,52,400 shares against 25,08,001 shares offered. 36% in the category of retail investors, while 0.2% subscription has been received in the category of non-institutional investors.
Complete information of Vandan Foods IPO
This IPO of ₹ 30.36 crore is a fresh issue of 26.40 lakh shares completely. This IPO price band has been fixed at ₹ 115 per share. The minimum lot of lot size for application is 1,200 shares. Retail investors will require a minimum investment of ₹ 1,38,000 to apply for IPO. This IPO can be subscribed from June 30 to July 2. The allotment of shares of Vandan Foods IPO will be fixed on 3 July. At the same time, stock market listing of shares will be on BSE SME platform on 7 July.
Nirbhay Capital Services Private Limited Vandan Foods is the book-hanging lead manager of IPO, while BigShare Services is Pvt Ltd Registrar of LTD. The market maker for Vandan Foods IPO is Affertrade Broking Pvt Ltd.
What does the company do and how is the financial situation
The Vandan Foods, established in 2015, produces refined castor oil and castor oil cakes, which work in both B2B and B2C models. The company works as both B2B and B2C models. The company supplies its products in Gujarat, Haryana, Andhra Pradesh, Delhi, Bihar, Rajasthan and Telangana. Its manufacturing units are located in Dhinoj Patan, Gujarat.
Its revenue was ₹ 72.66 crore for nine months ended December 2024 and Net Profit ₹ 4.54 crore. Let us know that Vandan Foods are using the money raised from their IPO for loans, capes and other corporate expenses.
How much is the GMP of Vandan Foods IPO?
According to IPO market observers, Vandan Foods IPO’s gray market premium was 17.39%, indicating a fine listing gains for investors.