Vandan Foods IPO Details
The key details of Vandan Foods’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹30.36 Cr |
| Price Range | ₹115 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 1200 |
| Investment (cut-off price) | ₹1,38,000 |
| Pre IPO Promotor Holding | 96.94% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Vandan Foods IPO Timelines
The IPO process for Vandan Foods includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
30/06/2025
Start Date02/07/2025
End Date04/07/2025
Refund Initiation04/07/2025
Credit of Shares to Demat Ac07/07/2025
Listing DateVandan Foods IPO Lot Size
The Vandan Foods IPO has a fixed lot size of 1,200 shares, at a fixed price band of ₹115 per share, requiring ₹138,000 per lot for retail investors. For HNI investors, the minimum application is 2,400 shares (2 lots) amounting to ₹276,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹1,38,000 |
| Retail Maximum | 1 | 1200 | ₹1,38,000 |
| HNI Minimum | 2 | 2400 | ₹2,76,000 |
Vandan Foods IPO Subscription Status
The subscription status for Vandan Foods IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 0.41x | 2.97x | -- | 1.69x |
IPO Performance on Listing Day
On the listing day (July 7, 2025), Vandan Foods made a stable debut on the stock exchange. The stock opened at ₹125, delivering a decent premium of 8.7% over its issue price of ₹115. Throughout the trading session, the stock remained range-bound, climbing to a high of ₹125 while touching a low of ₹118.75. The shares concluded their first trading day at ₹118.75, securing a modest gain of 3.3% over the issue price, reflecting steady but cautious investor interest in this food processing company.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹125.00 | ₹118.75 | ₹125.00 | ₹118.75 |
Vandan Foods IPO Company Financials
Vandan Foods reports robust performance in FY2024 with Total Income of ₹48.73 crores, managing expenses at ₹45.20 crores, and achieving a strong PAT (Profit After Tax) of ₹2.64 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹1.61 | ₹1.75 | -₹0.11 |
| FY 2023 | ₹11.59 | ₹10.73 | ₹0.64 |
| FY 2024 | ₹48.73 | ₹45.20 | ₹2.64 |
| FY 2025 (9 M) | ₹72.66 | ₹66.60 | ₹4.54 |
About Company
Incorporated in 2015, Vandan Foods Limited specializes in the manufacturing of Refined First Stage Grade (F.S.G.) Castor Oil and Castor De-Oiled Cake. Operating through both B2B and B2C models, the company focuses on maintaining high standards in quality control, inventory management, and business development to enhance customer satisfaction. Vandan Foods distributes its products across several Indian states, including Gujarat, Haryana, Andhra Pradesh, Delhi, Bihar, Rajasthan, and Telangana. Its manufacturing operations are based in Dhinoj Patan, Gujarat, at two dedicated facilities.
The company’s product line includes Refined F.S.G. Castor Oil, which is widely used in industries such as lubricants, pharmaceuticals, paints, and textiles, while also offering health benefits like improved digestion and enhanced hair and skin care. Additionally, Vandan Foods produces Castor De-Oiled Cake, an organic fertilizer enriched with nitrogen, phosphoric acid, and potash, promoting soil health and microbial activity. As of December 31, 2024, the company employs 16 permanent staff members.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2015 | Agricultural | Jitendra Patel |
Know Before Investing
Vandan Foods IPO Strengths
- Vandan Foods has successfully transitioned from a catering business to agro-commodity trading and now to manufacturing castor oil and its derivatives, demonstrating adaptability and strategic vision.
- Revenue from operations surged from ₹1.61 crore in FY22 to ₹48.73 crore in FY24, reflecting strong business expansion and market acceptance.
- The company’s business is customer-centric, order-driven, and leverages optimal resource utilization, enabling efficient scaling and growth.
- Vandan Foods manufactures refined castor oil (First Stage Grade) and castor de-oiled cake, serving a broad range of industrial and agricultural applications.
- The company has built long-standing relationships with major customers, ensuring repeat business and stable revenue streams.
- Vandan Foods continues to expand its distribution network across India, increasing its domestic presence and market reach.
Vandan Foods IPO Risks
- The company relies heavily on a limited number of key clients; losing any major customer could significantly impact revenue and profitability.
- Vandan Foods sources raw materials from specific suppliers, and disruptions in these relationships could harm production timelines and product quality.
- Inability to procure quality raw materials at reasonable costs or in sufficient quantities may adversely affect operations and financial stability.
- Operations are heavily concentrated in Gujarat, making the business vulnerable to region-specific economic, regulatory, or environmental disruptions.
- The company shifted from catering/commodity trading to castor oil manufacturing only in 2023, lacking a long-term track record in this sector.
Swot Analysis for Vandan Foods IPO
Strengths
Specialized Product Focus, Strategic Manufacturing Base, Sustainable Mission
Weaknesses
Regional Operational Concentration, Commodity Price Sensitivity, Product Line Narrowness
Opportunities
Global Castor Oil Demand Growth, Sustainable Product Expansion, E-commerce Penetration
Threats
Raw Material Volatility, Regulatory Compliance Costs, Trade Policy Shift
Company Details
Vandan Foods Limited
503/B, Wall Street-1, Opp. Orient Club, Nr. Rly. Crossing, Ellisbridge, Ahmedabad -380006, Gujarat, India
Phone: 91-8980121363
Email: cs@vandanfoods.in
Website: http://www.vandanfoods.in/
IPO Registar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
FAQs
The key objectives of Vandan Foods IPO are:
- To Meet Working Capital Requirements
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
- Funding the capital expenditure requirement for expansion of the Dhinoj Facility (CAPEX)
- General Corporate Purpose
Nirbhay Capital Services Private Limited is the book-running lead managers for the Vandan Foods IPO.
The issue price for the Vandan Foods IPO is set to ₹115 per share.
To invest in one lot of Vandan Foods IPO, you need ₹1,38,000 at the fixed price band (₹115 per share) for a lot size of 1200 shares.
Vandan Foods IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on July 7, 2025.
Refund/unblocking of funds for Vandan Foods IPO will begin on July 4, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Vandan Foods IPO shares on listing day (July 7, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.