31 Mar 2022
Assets4.20
Total Income1.61
EBITDA-0.08
Profit After Tax-0.11
NET Worth-0.05
Reserves and Surplus-0.06
Total Borrowing3.45
At a glance
Updated 2026-09-11The shares listed at ₹125.00, a 8.70% move from the issue price. Vandan Foods is a SME IPO with an issue size of ₹30.36 crore, proposed for listing on BSE SME. The offer opens on 30th Jun 2025 and closes on 2nd Jul 2025. The issue structure includes a fresh issue of ₹28.84 crore. The current listing schedule points to 7th Jul 2025.
Issue details
Listing atBSE SME
Issue typeFixed Price Issue
Issue size₹30.36 Cr
Fresh issue₹28.84 Cr
Face value₹10
Price band—–—
Allotment3rd Jul 2025
Listing7th Jul 2025
Listing performance
Full performance ↗Issue price₹115.00
Listing price₹125.00
Current price—
Listing gain8.70%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper priceNO DATA
Est. listing₹115.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens30th Jun 2025
Closes2nd Jul 2025
Allotment3rd Jul 2025
Refund4th Jul 2025
Demat4th Jul 2025
Listing7th Jul 2025
Subscription demand
Full bidding ↗Total1.75×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1200 | — |
Company
Incorporated2015
Use of proceeds
| Object | Amount |
|---|---|
| To meet working capital requirements | ₹8.57 Cr |
| Prepayment or Repayment of all or a portion of certain outstanding borrowings availed by the Company | ₹3.00 Cr |
| Funding the capital expenditure requirement for expansion of the Dhinoj Facility (CAPEX) | ₹8.29 Cr |
| General Corporate Purposes | ₹7.51 Cr |
| Issue Expenses | ₹2.99 Cr |
| Total | ₹30.36 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue72.66₹ Cr · +49.1% vs prior year
EBITDA6.92₹ Cr · +89.6% vs prior year
PAT4.54₹ Cr · +72.0% vs prior year
Assets31.69₹ Cr · +161.5% vs prior year
Net Worth14.01₹ Cr · +47.9% vs prior year
Borrowing13.89₹ Cr
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2023
Assets4.74
Total Income11.59
EBITDA0.99
Profit After Tax0.64
NET Worth2.18
Reserves and Surplus2.04
Total Borrowing0.39
31 Mar 2024
Assets12.12
Total Income48.73
EBITDA3.65
Profit After Tax2.64
NET Worth9.47
Reserves and Surplus6.60
31 Dec 2024
Assets31.69
Total Income72.66
EBITDA6.92
Profit After Tax4.54
NET Worth14.01
Reserves and Surplus8.26
Total Borrowing13.89
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 45.41% |
| ROCE | 37.33% |
| RoNW | 27.92% |
| PAT Margin | 5.43% |
| EBITDA Margin | 7.48% |
| Price to Book Value | 6.92 |
Valuation & shareholding
Pre-IPO EPS4.60
Post-IPO EPS7.21
Pre-IPO P/E24.98
Post-IPO P/E15.94
Promoter holding pre96.94%
Promoter holding post66.42%
Market cap₹96.43 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Vandan Foods IPO | — | 15.94 x | — | — |
| Farm Peace IPO | — | 16.12 x | — | — |
| Dhanwel Hybrid IPO | — | 14.74 x | — | — |
| Adon Agro IPO | — | 6.42 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| To meet working capital requirements | ₹8.57 Cr |
| Prepayment or Repayment of all or a portion of certain outstanding borrowings availed by the Company | ₹3.00 Cr |
| Funding the capital expenditure requirement for expansion of the Dhinoj Facility (CAPEX) | ₹8.29 Cr |
| General Corporate Purposes | ₹7.51 Cr |
| Issue Expenses | ₹2.99 Cr |
| Total | ₹30.36 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Nirbhay Capital Services Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-11.
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