Vandan Foods IPO description – The company focuses on manufacturing castor oil and its derivatives. Currently, it operates on a B2B business model, concentrating on refined castor oil first-stage grade (F.S.G.) and castor de-oil cake. Castor oil, derived from Ricinus communis seeds, is used in synthetic resins, plastics, paints, varnishes, and chemicals like drying oils and plasticizers. It also finds applications in cosmetics, hair oils, soaps, lubricants, hydraulic fluids, and textile finishing materials.
Vandan Foods supplies its products to Gujarat, Haryana, Andhra Pradesh, Delhi, Bihar, Rajasthan, and Telangana, reaching small towns, villages, and other rural and semi-urban areas. The company operates two manufacturing facilities in Dhinoj Patan, Gujarat. As of 31 December 2024, Vandan Foods employs 16 permanent staff members.
Promoters of Vandan Foods – Mr. Kalpeshkumar Bhagavandas Thakkar, Mr. Rakeshkumar Rameshbhai Patel, Mr. Jitendra Rameshbhai Patel, Mrs. Jyotsana Jitendrabhai Patel, and Kalpesh Kumar Thakkar HUF
Table of Contents
Vandan Foods Issue Details
| Vandan Foods IPO Dates | 30 June – 2 July 2025 |
| Vandan Foods Issue Price | INR 115 per share |
| Fresh issue | 26,40,000 shares (INR 30.36 crore) |
| Offer For Sale | NIL |
| Total IPO size | 26,40,000 shares (INR 30.36 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 1,38,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Vandan Foods Financial Performance
| FY 2022 | FY 2023 | FY 2024 | 9M FY 2025 | |
| Revenue | 1.48 | 11.59 | 48.73 | 72.66 |
| Expenses | 1.75 | 10.73 | 45.20 | 66.60 |
| Net income | (0.11) | 0.64 | 2.64 | 4.54 |
Vandan Foods Offer News
- Vandan Foods RHP
- Vandan Foods Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Vandan Foods Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | (0.24) | 1.32 | 4.64 |
| PE ratio | – | – | 24.78 |
| RONW (%) | 243.57 | 29.54 | 27.92 |
| NAV | (0.10) | 4.46 | 16.62 |
| ROCE (%) | (4.00) | 33.42 | 37.33 |
| EBITDA (%) | (5.27) | 8.58 | 7.48 |
| Debt/Equity | (73.55) | 0.18 | – |
Vandan Foods IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
Vandan Foods IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 12,54,000 | 12,54,000 | 25,08,000 |
| 2 Jul 2025 | 0.51 | 3.09 | 1.80 |
| 1 Jul 2025 | 0.21 | 1.52 | 0.86 |
| 30 Jun 2025 | 0.00 | 0.55 | 0.27 |
The market maker reservation portion of 1,32,000 shares is not included in the above calculations.
Vandan Foods IPO Allotment Status
Vandan Foods IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Vandan Foods IPO Dates & Listing Performance
| IPO Opening Date | 30 June 2025 |
| IPO Closing Date | 2 July 2025 |
| Finalization of Basis of Allotment | 3 July 2025 |
| Initiation of refunds | 4 July 2025 |
| Transfer of shares to demat accounts | 4 July 2025 |
| IPO Listing Date | 7 July 2025 |
| Opening Price on BSE SME | INR 125 per share (up 8.70%) |
| Closing Price on BSE SME | INR 118.75 per share (up 3.26) |
Vandan Foods Offer Lead Manager
NIRBHAY CAPITAL SERVICES PRIVATE LIMITED
201, Maruti Crystal, Opp. Rajpath Club,
S.G. Highway, Bodakdev, Ahmedabad 380054, Gujarat
Phone: +91 79 48970649
Email: [email protected]
Website: www.nirbhaycapital.com
Vandan Foods Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Vandan Foods Contact Details
VANDAN FOODS LIMITED
503/B, Wall Street-1, Opp. Orient Club,
Nr. Rly. Crossing, Ellisbridge, Ahmedabad -380006
Phone: 091-8980121363
E-mail: [email protected]
Website: www.vandanfoods.in
IPO FAQs
What is the Vandan Foods offer size?
Vandan Foods offer size is INR 30.36 crores.
What is the Vandan Foods offer price band?
Vandan Foods public offer price is INR 115 per share.
What is the lot size of the Vandan Foods IPO?
Vandan Foods offer lot size is 1,200 shares.
What is Vandan Foods IPO GMP today?
Vandan Foods IPO GMP today is INR NA per share.
What is the Vandan Foods kostak rate today?
Vandan Foods kostak rate today is INR NA per application.
What is Vandan Foods IPO Subject to Sauda rate today?
Vandan Foods Subject to Sauda rate today is INR NA per application.