Vandan Foods IPO subscribed 1.75 times on the last day, a retail quota was subscribed over 3.09 times, NII subscribed over 0.41 times, and QIB was 0.00 times, respectively.
Details About Vandan Foods IPO
Vandan Foods IPO received approval from SEBI for an IPO worth ₹30.36 crores. In
This IPO fresh issue was ₹30.36 crores along with the face value of ₹10 each.
Further, Vandan Foods IPO had a set price band between ₹115 Per Share.
Vandan Foods IPO consists of 1200 shares in 1 lot size for retail minimum and maximum categories as well. While 2,400 shares were in 2 lot sizes for the S-HNI category.
To invest in the Vandan Foods IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,38,000.
- SHNI (S-HNI): Minimum investment of ₹2,76,000.
Vandan Foods IPO Subscription Duration
Vandan Foods IPO opened on June 30, 2025, and closed on July 2, 2025. The Vandan Foods IPO allotment date was scheduled on July 3, 2025. Vandan Foods IPO listing date is on July 7, 2025.
Vandan Foods IPO Funds deployment
- To Meet Working Capital Requirements
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
- Funding the capital expenditure requirement for expansion of the Dhinoj Facility (CAPEX)
- General Corporate Purpose
About Vandan Foods IPO Company
Vandan Foods was incorporated in 2015 and is involved in the manufacturing of Refined F.S.G Castrol oil, De Oil Cake, and its derivatives. Moreover, the Castrol oil could be utilised for the skin problems and infections, moreover, relieve constipation, and hair enhancement could also be done via this oil.
Further, in 2018, the company engaged in the catering business, and in 2023, the firm started the trading of agro commodities.
Their products, such as castor oil and its by-products, are mainly used in cosmetics, hair oils, fungus-control products, embalming fluids, printing inks, soaps, lubricants, greases, hydraulic fluids, dyeing helpers, and textile finishing materials. Gujarat, Haryana, Andhra Pradesh, Delhi, Bihar, Rajasthan, and Telangana are some of the states where the company supplies its products, with its manufacturing facilities located at Dhinoj Patan, Gujarat.
Financial Report of the Vandan Foods IPO Company
The company reported revenue of ₹48.73 crores in 2024 against ₹11.59 crores in 2023. The company reported a profit of ₹2.64 crores in 2024 against a profit of ₹0.64 crores in 2023.
