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Vandan Foods Ltd IPO

Prior to financial year 2018, the Company was engaged in the catering business. However, from financial year 2018 till financial year 2023, the Company was engaged in the trading of agro commodities. Thereafter, from the financial year 2024 its current promoters have been actively managing the business of manufacturing of Castor Oil and its derivatives. The Company is currently operating on a B2B business model primarily focusing on Refined F.S.G. Castor Oil, Castor De Oil Cake. Castor Oil is used in the production of synthetic resins, plastics, fibres, paints, varnishes and various chemicals including drying oils and plasticizers.

Vandan Foods Ltd IPO Details

Total Shares Offered

₹ 26,40,000

Offer to Public

TBA

Retail Max (Shares)

₹ 12,54,000

Pre Issue Promoters Holding

₹ 55,68,800

Exchange

BSE

Issue size

₹ 30.36 Cr

IPO Open Date

Jun 30, 2025

Close Date

Jul 2, 2025

Lot Size

1200

Min Investment

₹ 1,38,000

Issue Type

Fixed Price - SME

Listing Date

Jul 7, 2025

Vandan Foods Ltd IPO Dates

Jun 30, 2025

Opening date

Jul 2, 2025

Closing date

Jul 3, 2025

Basis of Allotment

Jul 4, 2025

Initiation of Refunds

Jul 4, 2025

Credit of Shares

Jul 7, 2025

Listing date

Details

Sector	Type
Sector	Solvent Extraction
Sub Sector	NA
Issue Type	Fixed Price - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	0x	0	0
NII	0x	1254000	2400
Retail	0.38x	1254000	476400
Employee	0x	0	0
Total	0.18x	2640000	478800

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

0.38x

0.18x

1254000

2640000

2400

476400

478800

Vandan Foods Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	3.65	0.99	0.06
EBITDA	3.76	1.13	0.25
PAT	2.64	0.64	-0.11
Total Assets	6.48	4.35	3.68
Share Capital	2.87	0.14	0.01
Total Borrowings	0.15	1.28	2.65
Operating Activities (Net Cash)	2.75	0.78	0.08
Investing Activities (Net Cash)	0.00	0.00	0.00
Financing Activities (Net Cash)	0.15	1.28	2.65
Net Cashflow	0.99	1.22	0.08

About Vandan Foods Ltd

Vandan Foods Limited was originally incorporated as Vandan Foods Private Limited as a private limited company under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated December 15, 2015, issued by Assistant Registrar of Companies, Gujarat. Thereafter, the Company was converted from a private limited company to public limited company pursuant to special resolution passed in the Extra-Ordinary General Meeting of the company dated September 11, 2023 and consequently, the name of the Company was changed from Vandan Foods Private Limited to Vandan Foods Limited and a fresh certificate of incorporation dated September 18, 2023 was issued to the Company by the Registrar of Companies, Ahmedabad. The Corporate Identification Number of the Company is U10402GJ2015PLC085394.

The global castor oil market was valued at USD 1.4 billion in 2022, growing at a CAGR of 5.1% from 2023 to 2032. The market is expected to reach USD 2.3 billion by 2032. Throughout the forecast period, castor oil is expected to see high demand from the pharmaceutical and cosmetics sectors. Rising healthcare costs and public awareness of preventive care and self-management drive demand for cosmetics and pharmaceutical products. The product's increasing use in creating skincare, cosmetic, and soap goods is also expected to increase its demand. The India castor oil market reached a volume of 102.5 Kilo Tons in 2023.

Peer Comparison:

Vandan Foods Limited
NK Industries Limited
Jayant Agro-Organics Limited

Vandan Foods Ltd Key Points

Strengths

Experienced Promoters and Management Team.

End to end execution capabilities.

Long term Relationship with the Clients.

Quality Assurance & Control.

Scalable Business model.

Risk

A certain amount of its revenue is generated from certain key customers, and the loss of one or more such customers, the deterioration of their financial condition or prospects, or a reduction in their demand for its products could adversely affect the company business, results of operations, financial condition and cash flows.

The company relies significantly on some suppliers for the supply of its raw materials. If these suppliers are unable or unwilling to supply raw materials on time or otherwise fail to meet our requirements, its business will be harmed. An inability to procure the desired quality, quantity of its raw materials in a timely manner and at reasonable costs, or at all, may have a material adverse effect on the company business, results of operations and financial condition.

Its revenues are highly dependent on the company operations in the geographical region of state of Gujarat. Any adverse development affecting its operations in this region could have an adverse impact on the company business, financial condition and result of operations.

Strategy

Expanding its Geographical Network.

Focus on consistently meeting quality standards.

Maintaining cordial relationship with its Suppliers, Customer and employees.

Increasing Operational efficiency.

How To Apply for Vandan Foods Ltd IPO Online?

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From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Vandan Foods Ltd IPO?

Vandan Foods Ltd's IPO offers shares for up to 30.36 It begins on Jun 30, 2025 and ends on Jul 2, 2025.

What is the price of the Vandan Foods Ltd IPO?

The price of Vandan Foods Ltd IPO ranges between ₹115 to ₹115 per share.

What are the open and close dates for the Vandan Foods Ltd IPO?

The Vandan Foods Ltd IPO opens on Jun 30, 2025 and closes on Jul 2, 2025.

When will the Vandan Foods Ltd IPO be allotted?

The allotment for the Vandan Foods Ltd IPO will be finalised on Jul 3, 2025. The shares will be listed on BSE and NSE on Jul 7, 2025.

What is the minimum lot size required for Vandan Foods Ltd IPO?

The minimum lot size for Vandan Foods Ltd IPO is 1200 shares, priced between ₹115 to ₹115 per share.

What is the GMP of Vandan Foods Ltd IPO?

The GMP (Grey Market Premium) of Vandan Foods Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Vandan Foods Ltd IPO?

To check the allotment status of Vandan Foods Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Vandan Foods Ltd IPO getting listed?

The Vandan Foods Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jun 30, 2025, and closes on Jul 2, 2025. The allotment is finalised on Jul 3, 2025.

How do you apply for the Vandan Foods Ltd IPO?

To apply for the Vandan Foods Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.