Vandan Foods IPO Date, Price, Details
The Vandan Foods IPO is set to open on June 30, 2025, and will close on July 2, 2025. It is a Book Built Issue, through which the company plans to raise approximately ₹30.36 crores. This includes a fresh issue of ₹30.36 crores, while details of the Offer for Sale (OFS) are yet to be disclosed. Each share carries a face value of ₹10.
The IPO price has been fixed at ₹115 per share. In terms of allocation, 50% is reserved for retail investors, 50% for High Net-Worth Individuals (HNIs), while Qualified Institutional Buyers (QIBs) do not have an allocation in this offering.
The basis of allotment is expected to be finalized on July 3, 2025, and the stock is scheduled to be listed on the BSE on July 7, 2025.
Financially, Vandan Foods reported a strong performance in FY 2024, posting a revenue of ₹48.73 crores, up significantly from ₹11.59 crores in FY 2023. Net profit also saw notable growth, increasing to ₹2.64 crores in 2024 from ₹0.64 crores the previous year.
Vandan Foods IPO Market Lot Size
The minimum investment lot for the Vandan Foods IPO is 1,200 shares, requiring an application amount of ₹1,38,000.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 1200 | ₹1,38,000 |
Retail Maximum | 1 | 1200 | ₹1,38,000 |
S-HNI Minimum | 2 | 2,400 | ₹2,76,000 |
Vandan Foods IPO Details
IPO Open Date: | June 30, 2025 |
IPO Close Date: | July 2, 2025 |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹115 Per Share |
Issue Size: | Approx ₹30.36 Crores |
Fresh Issue: | Approx ₹30.36 Crores |
Issue Type: | Book Build Issue |
IPO Listing: | BSE SME |
Retail Quota: | Not more than 50% |
NII Quota: | Not more than 50% |
Vandan Foods IPO Valuation – FY2024 (KPI)
Explore the valuation highlights of the Vandan Foods IPO, including key financial metrics such as Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
KPI | Values |
ROE: | 45.41% |
ROCE: | 37.33% |
EBITDA Margin: | 7.48% |
PAT Margin: | 5.43% |
Debt to equity ratio: | – |
Earning Per Share (EPS): | ₹4.64 (Basic) |
Price/Earning P/E Ratio: | 24.78 |
Return on Net Worth (RoNW): | 27.92% |
Net Asset Value (NAV): | ₹16.62 |
Vandan Foods IPO Company Financial Report
In FY 2024, the company recorded a revenue of ₹48.73 crores, marking a substantial rise from ₹11.59 crores in FY 2023. Net profit also showed strong growth, increasing to ₹2.64 crores in 2024 compared to ₹0.64 crores the previous year.
(All figures in ₹ crores)
Period Ended | Revenue | Expense | Profit After Tax | Assets |
2022 | ₹1.61 | ₹1.75 | ₹0.11 | ₹4.20 |
2023 | ₹11.59 | ₹10.73 | ₹0.64 | ₹4.74 |
2024 | ₹48.73 | ₹45.20 | ₹2.64 | ₹12.12 |
December 2024 | ₹72.66 | ₹66.60 | ₹4.54 | ₹31.69 |
Vandan Foods IPO Dates
The Vandan Foods IPO will open for subscription on June 30 and will close on July 2. The allotment of shares is expected to be completed by July 3, with the company’s listing scheduled on the BSE for July 7.
IPO Open Date: | June 30, 2025 |
IPO Close Date: | July 2, 2025 |
Basis of Allotment: | July 3, 2025 |
Refunds: | July 4, 2025 |
Credit to Demat Account: | July 4, 2025 |
IPO Listing Date: | July 7, 2025 |
Promoters of Vandan Foods IPO
The promoters of the company are Mr. Kalpeshkumar Bhagavandas Thakkar, Mr. Rakeshkumar Rameshbhai Patel, Mr. Jitendra Rameshbhai Patel, Mrs. Jyotsana Jitendrabhai Patel, and Kalpesh Kumar Thakkar HUF.
About Vandan Foods IPO
Vandan Foods Limited, established in 2015, is an emerging player in the manufacturing of Refined F.S.G. Castor Oil, Castor De-Oiled Cake, and related derivatives. Castor oil is widely known for its health and wellness applications—it’s used in skincare, hair care, digestive relief, and various therapeutic treatments.
The company initially began operations in 2018 in the catering sector, before expanding into the agro commodities trading business in 2023. Today, it focuses on producing and supplying castor-based products that serve a wide range of industries, including cosmetics, personal care, pharmaceuticals, lubricants, printing inks, soaps, hydraulic fluids, and textiles.
Vandan Foods caters to a broad domestic market, supplying its products across multiple states such as Gujarat, Haryana, Andhra Pradesh, Delhi, Bihar, Rajasthan, and Telangana. Its manufacturing facilities are located in Dhinoj, Patan (Gujarat).
As of December 31, 2024, the company employed 16 full-time staff members, supporting its operations and growing product demand.
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
NK Industries Limited | (1.71) | NA | 0.34% | (572.66) | (344.10)Cr. |
Jayant Agro-Organics Limited | 17.59 | 14.98 | 10.12% | 181.07 | 543.21 Cr. |
Objects of the IPO
To fund the company’s working capital needs
To repay, either fully or partially, existing borrowings
To finance capital expenditure for the expansion of the Dhinoj manufacturing facility
For general corporate purposes
Merchant Bankers
- Nirbhay Capital Services Private Limited
Company Address
Vandan Foods Limited
503/B, Wall Street-1, Opp
Orient Club, Nr. Rly. Crossing,
Ellisbridge
Ahmedabad, Gujarat, 380006
Phone: 91-8980121363
Email: [email protected]
Website: http://www.vandanfoods.in/
Vandan Foods IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/IPO_Status.html
Check Grey market premium at below
(GMP)