Vandan Foods Limited IPO

Vandan Foods Limited IPO

SME BSE SME Fixed Price
Closed

Price Band

₹115

Total Issue

₹30.36 Cr

Bid Dates

30 Jun - 02 Jul

Subscription

-

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Vandan Foods Limited is originally incorporated by Mr. Vandan Dave and Mrs. Smruti Dave, the company underwent a change in control in FY 2023, with Mr. Kalpeshkumar Thakkar and Kalpesh Kumar Thakkar HUF acquiring majority stake, followed by additional investors in FY 2024. Initially involved in catering, the company shifted to trading agro commodities between FY 2018–2023. Since FY 2024, under the new promoters, the company has focused on manufacturing Castor Oil and its derivatives. Operating on a B2B model, it primarily produces Refined F.S.G. Castor Oil and Castor De-Oil Cake, used in industries such as resins, plastics, fibres, paints, and chemicals.

Lot Info

Lot Information for Vandan Foods IPO
Category Lots Shares Amount
Individual (Min) 1 1,200 ₹1,38,000
Individual (Max) 1 1,200 ₹1,38,000
Others (Min) 2 2,400 ₹2,76,000
Market Maker
1,32,000 EQ Shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹30.36 Cr
Fresh Issue
₹30.36 Cr (0.26 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of Issue

  1. To Meet Working Capital Requirements
  2. Prepayment of all or a portion of certain outstanding borrowings availed by our Company
  3. Funding the capex requirement for expansion of our Dhinoj Facility
  4. General Corporate Purpose
  5. To meet Public Issue Expenses

Grey Market Premium

GMP ₹0
Est. Price ₹115
Est. Gain 0.00%

Vandan Foods IPO Peer Comparison

(Rs. in crores)

Vandan Foods IPO Peer Comparison Table
Particulars Vandan Foods NK Industries Jayant Agro-Organics
Revenue from Ops (in Crs.) 48.73 19.12 2,150.04
PAT (In Crs.) 2.64 -1.03 55.51
EPS - Basic 4.64 -1.71 17.59
NAV per share 16.62 -572.66 181.07
RONW 27.92% 0.34% 10.12%
EBITDA 7.48% 7.43% 3.70%
PAT Margin 5.43% -5.39% 2.58%
Price to earning (PE) 24.78 NA 14.98
  • All the information pertains to FY 2023-24
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of June 20, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Vandan Foods IPO
Particulars Dec-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 72.66 48.73 11.59 1.48
Profit after Tax 4.54 2.64 0.64 -0.11
Net Worth 14.01 9.47 2.18 -0.05
Total Borrowing 13.89 0.00 0.39 3.45
Total Assets 31.69 12.12 4.74 4.20
NAV per share (in ₹) 24.38 16.62 4.46 -0.10
EPS - Basic (in ₹) 7.90 4.64 1.32 -0.24

KPIs

EBITDA

7.48%

PAT

5.43%

ROE

45.41%

ROCE

37.33%

Debt to Equity

0.00

PE Ratio

24.78

PB Ratio

6.92

Mkt Cap (in Crs.)

96.43

  • All Ratios are based on Mar 24
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.

Shareholding

Promoter

96.94%

Public

3.06%

Kalpeshkumar Thakkar 35.00%
Kalpesh Thakkar HUF 17.23%
Rakeshkumar Patel 16.85%
Jitendra Patel 13.93%
Jyotsana Patel 13.93%

Management

Rakeshkumar Patel Chairman
Jitendra Patel MD
Vishvajitsinh Kashela CFO

Registrar & Lead Managers

Registrar

Bigshare Services

Bigshare Services

Lead Managers (1)

NirbhayCapital NirbhayCapital

Subscription Status

Updated as on 02 Jul 2025 | 05:00:00 PM

BSE SME Subscription Status for Vandan Foods IPO
Category Sub (x) Offered Bids
Retail 2.59x 12,54,000 32,53,200
Others 0.51x 12,54,000 6,43,200
Total 1.55x 25,08,000 38,96,400

Frequently Asked Questions

What is Vandan Foods IPO?
Vandan Foods IPO is a SME IPO having an issue size of ₹30.36 Crs. Vandan Foods IPO is priced at ₹115 - ₹115 per share. The issue opens on 30 Jun 25 and closes on 02 Jul 25.
When will Vandan Foods IPO open?
Vandan Foods IPO opens on 30 Jun 25 and closes on 02 Jul 25.
What is the GMP of Vandan Foods IPO?
The estimated Grey Market Premium of Vandan Foods IPO is ₹0 per share (0.00%).
What is the lot size of Vandan Foods IPO?
The minimum lot size of Vandan Foods IPO is 1200 shares & the minimum application amount is Rs. 138000.
When is the allotment of Vandan Foods IPO?
The allotment date of Vandan Foods IPO is 03 Jul 25.
What is the listing date of Vandan Foods IPO?
The listing date of Vandan Foods IPO is 07 Jul 25.
What is the subscription of Vandan Foods IPO?
Vandan Foods IPO is subscribed -.
What is the price band of Vandan Foods IPO?
Vandan Foods IPO is priced at ₹115 - ₹115 per share.
How to check allotment status of Vandan Foods IPO?
Click the allotment link on Vandan Foods IPO page of IPO360.
How to apply Vandan Foods IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Vandan Foods IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Vandan Foods IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Vandan Foods IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date