Vandan Foods Ltd IPO
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Vandan Foods Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 26.4 L | TBA | ₹ 12.54 L | ₹ 55.69 L | BSE | ₹ 30.36 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 30 Jun, 25 | 02 Jul, 25 | 1200 | ₹ 1,38,000 | Fixed Price - SME | 07 Jul, 25 |
Vandan Foods Ltd IPO Dates
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 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Vandan Foods Ltd Financial Status
Income Statement
Balance Sheet
| 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 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- Vandan Foods Limited
- NK Industries Limited
- Jayant Agro-Organics Limited
Vandan Foods Ltd IPO 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.
- Experienced Promoters and Management Team.
- End to end execution capabilities.
- Long term Relationship with the Clients.
- Quality Assurance & Control.
- Scalable Business model.
How To Apply for Vandan Foods Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
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.
