Vandan Foods Limited IPO
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.
Price Band₹115 |
Dates30 Jun - 02 Jul |
GMP₹0 (0.00%) |
Subscriptions- |
Issue Size₹30.36 Crs |
Vandan Foods IPO Objects
- To Meet Working Capital Requirements
- Prepayment of all or a portion of certain outstanding borrowings availed by our Company
- Funding the capex requirement for expansion of our Dhinoj Facility
- General Corporate Purpose
- To meet Public Issue Expenses
Vandan Foods IPO Details
Price Band₹115 |
Listing AtBSE SME |
IPO Issue TypeFixed Price |
Fresh Issue₹30.36 Cr (0.26 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹30.36 Cr (0.26 Cr Shares) |
Face Value₹10 per equity share |
Vandan Foods IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
1,200
1,38,000
Maximum
1
1,200
1,38,000
|
|||
| NII |
Minimum
2
2,400
2,76,000
|
|||
Vandan Foods IPO GMP
The estimated Grey Market Premium of Vandan Foods IPO is ₹0 per share (0.00%)
Category Allocation
| Particulars | Allocation |
|---|---|
| Retail | Not less than 50% of Net Offer |
| Others | Not less than 50% of Net Offer |
| Market Maker | 1,32,000 EQ Shares |
Vandan Foods IPO Financials
| 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 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| 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.
Vandan Foods IPO Peer Comparision
| 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
Vandan Foods IPO Peer Comparision
| Particulars | Vandan Foods |
|---|---|
| Revenue from Ops (in Crs.) | 48.73 |
| PAT (In Crs.) | 2.64 |
| EPS - Basic | 4.64 |
| NAV per share | 16.62 |
| RONW | 27.92% |
| EBITDA | 7.48% |
| PAT Margin | 5.43% |
| Price to earning (PE) | 24.78 |
| NK Industries | Jayant Agro-Organics |
|---|---|
| 19.12 | 2,150.04 |
| -1.03 | 55.51 |
| -1.71 | 17.59 |
| -572.66 | 181.07 |
| 0.34% | 10.12% |
| 7.43% | 3.70% |
| -5.39% | 2.58% |
| 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
Promoter Details
| Name | Shareholding |
|---|---|
| Kalpeshkumar Thakkar | 35.00% |
| Kalpesh Thakkar HUF | 17.23% |
| Rakeshkumar Patel | 16.85% |
| Jitendra Patel | 13.93% |
| Jyotsana Patel | 13.93% |
| Total | 96.94% |
Management Details
| Name | Designation |
|---|---|
| Rakeshkumar Patel | Chairman |
| Jitendra Patel | MD |
| Vishvajitsinh Kashela | CFO |
Company Details
Name: Vandan Foods Limited
Address: 503/B, Wall Street-1, Opp. Orient Club, Nr. Rly. Crossing, Ellisbridge, Ahmedabad -380006, Gujarat, India
Number: + 91-8980121363
Email: cs@vandanfoods.in
Website: www.vandanfoods.in
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Find answers to common questions that come in your mind related to IPO.
Vandan Foods IPO is a SME IPO having an issue size of Rs. ₹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.
Vandan Foods IPO opens on 30 Jun 25 and closes on 02 Jul 25.
The estimated Grey Market Premium of Vandan Foods IPO is ₹0 per share (0.00%).
The minimum lot size of Vandan Foods IPO is 1200 shares & the minimum application amount is Rs. 138000.
The allotment date of Vandan Foods IPO is 03 Jul 25.
The listing date of Vandan Foods IPO is 07 Jul 25.
Vandan Foods IPO is subscribed -.
Vandan Foods IPO is priced at ₹115 - ₹115 per share.
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