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Vandan Foods IPO

  • Status: Closed
  • RHP:
  • ₹ 138,000 / 1200 shares

    Minimum Investment

Vandan Foods IPO Details

  • Open Date

    30 Jun 2025

  • Close Date

    02 Jul 2025

  • Listing Date

    07 Jul 2025

  • IPO Price Range

    ₹ 115

  • IPO Size

    ₹ 28.84 Cr

  • Listing Exchange

    BSE SME

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Timeline Subscription Status Financials SWOT FAQ Contacts

Vandan Foods IPO Timeline

Vandan Foods IPO Subscription Status

Last Updated: 29 September 2025 4:15 PM by 5paisa

Vandan Foods Limited is set to launch its IPO on June 30, 2025. Incorporated in 2015, the company is engaged in the manufacturing of Refined F.S.G. Castor Oil and Castor De-Oiled Cake, catering to both B2B and B2C markets.
The company's refined castor oil is widely used in industries such as lubricants, paints, pharmaceuticals, textiles, and personal care, while the de-oiled cake serves as an effective organic fertiliser for agricultural purposes.
Vandan Foods supplies its products across multiple Indian states, including Gujarat, Haryana, Andhra Pradesh, Delhi, Bihar, Rajasthan, and Telangana. The company operates from two manufacturing facilities located in Dhinoj Patan, Gujarat.

Established in: 2015
MD: Mr. Jitendra Rameshbhai Patel

Peers

NK Industries Limited
Jayant Agro-Organics Limited
 

Vandan Foods Objectives

The company plans to utilise the net IPO proceeds towards:

Meeting working capital requirements
Prepayment or repayment of certain outstanding borrowings
Funding capital expenditure for the expansion of the Dhinoj manufacturing facility
General corporate purposes
 

Vandan Foods IPO Size

Types Size
Total IPO Size ₹28.84 Cr
Offer For Sale -
Fresh Issue ₹28.84 Cr

 

Vandan Foods IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1200 ₹1,38,000
Retail (Max) 1 1200 ₹1,38,000
HNI (Min) 2 2400 ₹2,76,000

Vandan Foods IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
NII (HNI) 0.41 12,54,000     5,11,200 5.88
Retail 3.09 12,54,000 38,76,000 44.57
Total** 1.75 25,08,001     43,87,200 50.45

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 1.61 11.59 48.73
EBITDA -0.08 0.99 3.65
PAT -0.11 0.64 2.64
Particulars (in Rs. Crores)] FY22 FY23 FY24
Total Assets 3.45 0.39 -
Share Capital 0.01 0.14 2.87
Total Borrowings 4.20 4.74 12.12
Particulars (in Rs. Crores FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities 0.25 2.61 0.88
Net Cash Generated From / (used in) investing activities - - -5.37
Net Cash Generated From / (used in) financing activities -0.25 -1.48 4.26
Net Increase (Decrease) In Cash And Cash Equivalents 0 1.13 -0.23


Strengths

1. Experienced promoters and management team
2. Strong focus on quality control and assurance
3. Diversified customer base with both B2B and B2C presence
4. Scalable business model with operational efficiency
 

Weaknesses

1. Small workforce with only 16 permanent employees
2. High dependence on the castor oil product line
3. Financial performance shows recent growth, but short track record
4. Negative cash flow from operating activities in the latest period
 

Opportunities

1. Rising demand for organic fertilisers and sustainable products
2. Growing use of castor oil across industrial and personal care sectors
3. Planned facility expansion to increase production capacity
4. Potential to increase market share in existing and new geographies
 

Threats

1. Volatility in raw material prices is affecting margins
2. Competition from other established players in the castor oil industry
3. Global market fluctuations are impacting demand
4. Regulatory risks in the agrochemical and fertiliser sectors
 

1. Strong revenue and profit growth trajectory in recent years
2. Experienced management with domain expertise
3. Expansion plans to enhance production and market reach
4. Diversified business model catering to essential industries
 

1. Increasing demand for organic and sustainable agricultural inputs
2. Expanding use of castor oil in pharmaceuticals, cosmetics, and lubricants
3. Government initiatives promoting organic farming and eco-friendly products
4. Competitive industry landscape with opportunities for quality-focused players
 

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FAQs

Vandan Foods IPO opens on June 30, 2025, and closes on July 2, 2025.
 

 Vandan Foods IPO size is ₹28.84 Cr through a fresh issue of 25.08 lakh shares.

Vandan Foods IPO price is fixed at ₹115 per share.
 

To apply for Vandan Foods IPO, follow the steps given below:

  • Login to your 5paisa account and select the issue in the current IPO section
  • Enter the number of lots and the price at which you wish to apply for the Vandan Foods IPO
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

You will receive the mandate notification to block funds in your UPI app.
 

The minimum lot size of Vandan Foods IPO is 1,200 shares with a minimum investment of ₹1,38,000.
 

The allotment of Vandan Foods IPO is expected to be finalised on July 3, 2025.
 

 Tentative listing date of Vandan Foods IPO is July 7, 2025, on the BSE SME platform.

Nirbhay Capital Services Private Limited is the book-running lead manager of Vandan Foods IPO.

Vandan Foods plans to utilise the IPO proceeds towards: 

Working capital, 
Debt repayment, 
Facility expansion, 
General corporate purposes.