In Progress
Valuation
Market Cap
₹176.94 Cr
P/E Ratio
11.04x
P/B Ratio
4.44x
Vama Wovenfab IPO Dates
Conflicting IPOs
IPOs with overlapping timeline
Business Overview
Vama Wovenfab Limited, incorporated in 2011 and headquartered in Mumbai, is an ISO 9001:2015 certified manufacturer of Polypropylene (PP) and HDPE woven sack bags and fabric products, including trampoline fabric, coloured woven sheets and loop handle bags, alongside trading in plastic granules. Operating from its Daman facility, the company serves B2B customers across agriculture, chemicals, food processing, fertilizer and cement sectors with customised bulk packaging. Revenue is concentrated in Daman & Diu, Gujarat and Maharashtra.
Lots & IPO Size
Vama Wovenfab IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 800 | ₹2,72,800 |
| Ind (Max) | 2 | 800 | ₹2,72,800 |
| S-HNI (Min) | 3 | 1,200 | ₹4,09,200 |
| S-HNI (Max) | 7 | 2,800 | ₹9,54,800 |
| B-HNI (Min) | 8 | 3,200 | ₹10,91,200 |
Vama Wovenfab IPO Size
Objects of the Issue
Capital Expenditure towards Construction of Shed
Capital Expenditure towards Purchase of Machinery
To Meet Working Capital Requirements
General Corporate Purposes & Issue Expenses
Total
Key Risk Factors
The company derives a substantial portion of revenue from limited buyers in a commoditised, price-sensitive market, exposing it to customer concentration, cyclicality and demand volatility.
Key Risk Factors
The company derives a substantial portion of revenue from limited buyers in a commoditised, price-sensitive market, exposing it to customer concentration, cyclicality and demand volatility.
The company has not entered into long-term agreements with customers; reliance on purchase orders exposes it to customer attrition, pricing pressure and revenue volatility.
The company depends on polypropylene (PP) and HDPE granules as primary raw materials, whose prices are volatile due to crude oil and feedstock fluctuations, impacting cost and profitability.
The company generates a major portion of sales from Daman & Diu, Gujarat and Maharashtra; adverse developments in these regions could impact revenue and results of operations.
The company requires significant working capital, largely consumed in trade receivables and inventories; inability to meet these requirements may adversely affect operations.
Development and adoption of substitute packaging products, alternative raw materials and evolving manufacturing technologies could reduce demand for the company's woven products.
The company had negative operating cash flow in FY26 and FY25, negative investing cash flow across FY24-26, and negative financing cash flow in FY24; sustained negative cash flow could impact growth.
Manufacturing operations depend on continuous power and fuel supply; disruption in power supply or irregular tariff hikes may affect business, results and financial condition.
The company, its Promoters and Directors are involved in certain criminal, civil and tax litigations pending at various stages, which if decided adversely may affect business and results.
The company is heavily dependent on capital-intensive machinery for operations; breakdowns, obsolescence or downtime may impair production capability and delay customer orders.
Vama Wovenfab IPO Live Subscription
Updated as on 9/15/2026 11:13:56 AM
| Category | Sub (x) | Offered | Bids | Amount(Cr) |
|---|---|---|---|---|
| QIB | 0.00x | 14,400 | 0 | - |
| NII | 0.00x | 2,76,000 | 0 | - |
| bHNI | 0.00x | 1,83,600 | 0 | - |
| sHNI | 0.00x | 92,400 | 0 | - |
| Individual | 0.00x | 10,89,600 | 4,000 | 0.14 |
| Total | 0.00x | 13,80,000 | 4,000 | 0.14 |
Subscription figures exclude Anchor investor and Market Maker portions. Data is sourced from NSE and BSE on an "AS IS" and "AS AVAILABLE" basis without any warranty
Updated as on 9/15/2026 11:13:56 AM
Vama Wovenfab IPO Details Live GMP
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 15 Sep | ₹12 (3.5%) | ₹353 |
| 14 Sep | ₹8 (2.3%) | ₹349 |
| 13 Sep | ₹0 (0%) | ₹341 |
| 12 Sep | ₹0 (0%) | ₹341 |
| 11 Sep | ₹0 (0%) | ₹341 |
| 10 Sep | ₹0 (0%) | ₹341 |
Vama Wovenfab IPO Peer Comparison
(Rs. in crores)
| Particulars | Vama Wovenfab | Aeroflex Neu | Kahan Packaging |
|---|---|---|---|
| Revenue | 214.62 | 101.25 | 30.38 |
| PAT | 11.55 | 1.17 | 1.17 |
| EPS (₹) | 30.90 | 0.45 | 4.30 |
| NAV (₹) | 76.80 | 39.08 | 40.54 |
| RONW | 50.37% | 1.27% | 11.20% |
| EBITDA | 8.32% | 2.41% | 9.86% |
| PAT Mrgn | 5.38% | 1.16% | 3.85% |
| PE Ratio | 11.04 | 183.18 | 4.53 |
All information pertains to FY 2025-26. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of August 20, 2026 for Peers
Vama Wovenfab IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue | 214.62 | 77.45 | 27.87 |
| Profit | 11.55 | 6.84 | 2.63 |
| Net Worth | 28.69 | 17.15 | 9.05 |
| Borrowings | 25.44 | 16.94 | 11.17 |
| Assets | 74.18 | 67.47 | 37.14 |
| NAV (₹) | 76.80 | 45.90 | 25.03 |
| EPS (₹) | 30.90 | 18.66 | 7.27 |
Key Performance Indicators (KPIs)
Debt to Equity
0.89
All the data pertains to FY 2025-26. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Financial Margin Trends
Vama Wovenfab IPO Financial Statements
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue from Ops | 214.62 | 77.45 | 27.87 |
| Other Income | 0.00 | 0.31 | 0.01 |
| Total Income | 214.62 | 77.76 | 27.87 |
| Materials Consumed | 203.58 | 70.28 | 25.60 |
| Changes in Inventories | -11.85 | -7.12 | -5.34 |
| Employee Expense | 3.75 | 3.09 | 1.89 |
| Finance Costs | 1.93 | 1.23 | 1.08 |
| Depreciation | 0.60 | 0.53 | 0.54 |
| Other Expenses | 1.27 | 0.83 | 0.61 |
| Total Expenses | 199.28 | 68.84 | 24.38 |
| Profit Before Tax | 15.33 | 8.92 | 3.49 |
| Tax Expense | 3.79 | 2.08 | 0.86 |
| Profit After Tax | 11.55 | 6.84 | 2.63 |
| EPS — Basic (₹) | 30.90 | 18.66 | 7.27 |
| EPS — Diluted (₹) | 30.90 | 18.66 | 7.27 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Equity Share Capital | 3.74 | 3.74 | 3.62 |
| Reserves & Surplus | 24.96 | 13.41 | 5.44 |
| Total Equity | 28.69 | 17.15 | 9.05 |
| Total Borrowings | 25.44 | 16.94 | 11.17 |
| Trade Payables | 15.75 | 31.03 | 14.41 |
| Other Liabilities | 4.29 | 2.35 | 2.52 |
| Total Equity & Liab | 74.18 | 67.47 | 37.14 |
| Fixed Assets | 4.43 | 4.82 | 4.52 |
| Inventories | 44.78 | 36.78 | 27.53 |
| Trade Receivables | 18.42 | 19.92 | 1.54 |
| Cash & Bank Bal | 0.79 | 0.48 | 0.50 |
| Other Assets | 5.76 | 5.48 | 3.05 |
| Total Assets | 74.18 | 67.47 | 37.14 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Cash Flow from Operating Activities | -6.31 | -2.33 | 6.93 |
| Cash Flow from Investing Activities | -0.12 | -3.56 | -0.36 |
| Cash Flow from Financing Activities | 6.75 | 5.87 | -6.42 |
| Net Change in Cash & Equivalents | 0.32 | -0.02 | 0.15 |
| Cash & Equivalents at End of Period | 0.79 | 0.48 | 0.50 |
Promoter Holding
Promoter
100.00%
Public
0.00%
Management
Saurabh Suresh Gupta
Age: 44
MD
Remuneration
₹₹4.00 Lakh p.a. (FY 2025-26, as paid)
Education
B.Com (University of Mumbai)
Prior Experience
13+ years with the company; oversees financial strategy, planning and compliance.
Vaibhav Suresh Gupta
Age: 39
CFO
Remuneration
₹₹9.00 Lakh p.a. (FY 2025-26, as paid)
Education
PGDM - Family Business (NMIMS)
Prior Experience
13+ years in woven packaging industry; Production Head 2019-2024; CFO since Sep 2024.
Registrar & Lead Managers
Registrar
Maashitla Securities
Lead Managers (1)
Company Details
Name: Vama Wovenfab Limited
Address: 1104, W 92, L T Road, Borivali (West), Vazira Naka, Mumbai 400092
Number: +91 89768 50365
Email: info@vamawoven.com
Website: https://vamawoven.com
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How to apply Vama Wovenfab IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Vama Wovenfab IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Vama Wovenfab IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Vama Wovenfab IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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