Vandan Foods Limited
Fixed Price IPO · BSE
- Price band
- ₹115 - ₹115
- Lot size
- 1,200 shares
- Issue amount
- ₹30.36 cr
- Total subscription
- 1.75×
- Opens
- 30 Jun 2025
- Closes
- 2 Jul 2025
- Allotment
- 3 Jul 2025
- Listing
- 7 Jul 2025
Offer at a glance
Issue overview
- Issue size
- 26,40,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,38,000
- Fresh issue
- ₹30.36 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,38,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 57,44,800
- Shares after issue
- 83,84,800
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,38,000 |
| HNI | 2 | 2,400 | ₹2,76,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 14.42 | 0.07 |
| NIB | 14.42 | 0 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 7.9 | 4.64 | 1.32 |
| ROE | 38.64 | 45.41 | 60.39 |
| ROCE | 24.2 | 37.33 | 33.42 |
| RONW | 32.38 | 27.92 | 29.54 |
| PRE IPO(PE) | 0 | 24.98 | 0 |
| POST IPO(PE) | 15.94 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Vandan Foods Limited, incorporated in 2015, is involved in the manufacturing of Refined First Stage Grade (F.S.G.) Castor Oil and Castor De-Oiled Cake. The company operates under both B2B and B2C models, focusing on quality control, inventory management, and business development to ensure customer satisfaction. Its manufacturing facilities are located in Dhinoj Patan, Gujarat. Vandan Foods supplies its products to several states across India, including Gujarat, Haryana, Andhra Pradesh, Delhi, Bihar, Rajasthan, and Telangana. The company produces refined F.S.G. Castor Oil, commonly used in lubricants, paints, pharmaceuticals, textiles, and other industries, while also offering benefits for hair, skin, and digestion. It also manufactures Castor De-Oiled Cake, a natural fertilizer rich in essential nutrients that enhances soil health and acts as an eco-friendly alternative to chemical fertilizers. As of December 31, 2024, the company employs 16 permanent staff members.
Strengths
- Experienced Leadership Team: Promoters and management bring deep industry knowledge and expertise.
- Focus on Quality Standards: Strong quality control processes ensure reliable and consistent products.
- Diversified Customer Base: Mix of B2B and B2C clients reduces risk and avoids overdependence on one segment.
Risk factors
- Revenue Depends on Key Customers: Heavy reliance on a few clients could affect stability if relationships decline.
- High Supplier Dependency: Limited supplier base may cause delays or cost hikes, impacting operations.
- Operations Focused in Gujarat: Regional concentration exposes the business to local risks and disruptions.
Promoters
Mr. Kalpeshkumar Bhagavandas Thakkar
Mr. Rakeshkumar Rameshbhai Patel
Mr. Jitendra Rameshbhai Patel
Mrs. Jyotsana Jitendrabhai Patel
Kalpesh Kumar Thakkar HUF
Registrar & documents
Lead manager
Nirbhay Capital Services Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
503/B, Wall Street-1, Opp Orient Club, Nr. Rly. Crossing, Ellisbridge Ahmedabad, Gujarat, 380006
91-8980121363
[email protected]Company website ↗Understanding VANDAN IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.