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Time of India
30-06-2025
- Business
- Time of India
Vandan Foods IPO opens today. Key details to know before subscribing
The initial public offering (IPO) of Vandan Foods will open for public subscription today and will remain open until July 2. The Gujarat-based castor oil manufacturer is looking to raise Rs 30.36 crore through a fixed price issue of 26.40 lakh equity shares at Rs 115 per share. The IPO consists entirely of a fresh issue and does not include any offer-for-sale component. The issue has allocated 47.5% each to retail and non-institutional categories, with the remaining 5% reserved for the market maker, Aftertrade Broking Pvt Ltd. Nirbhay Capital Services is the lead manager for the issue and Bigshare Services is the registrar. The listing of shares is expected on the BSE SME platform on July 7 following allotment on July 3. Incorporated in 2015, Vandan Foods is primarily engaged in the production of Refined First Stage Grade (FSG) Castor Oil and Castor De-Oiled Cake. The company supplies these products for use in sectors like pharmaceuticals, paints, textiles, and agriculture. The company operates on both B2B and B2C models and has distribution across multiple Indian states including Gujarat, Telangana, Delhi, and Haryana. Financially, the company has shown strong growth, with revenue rising to Rs 72.66 crore as of December 2024 and net profit climbing to Rs 4.54 crore, representing a Return on Equity (ROE) of 45.41 percent and Return on Capital Employed (ROCE) of 37.33 percent. The IPO is valued at a post-issue market cap of Rs 96.43 crore. The funds raised from the IPO will be used for working capital (Rs 8.57 crore), repayment of debt (Rs 3 crore), expansion of the Dhinoj facility (Rs 8.29 crore), and general corporate purposes. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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Business Standard
06-06-2025
- Business
- Business Standard
3B Films stock lists at 3% discount on BSE SME, misses GMP estimates
3B Films listing today: Shares of 3B Films made a negative stock market debut on the BSE SME platform on Friday, June 6, 2025. The company's stock listed at ₹48.5 per share, down 3 per cent from the issue price of ₹50 per share. The listing price of 3B Films was below grey market estimates. Ahead of the listing, unlisted shares of 3B Films were trading flat at ₹50 in the grey market, according to sources tracking unofficial markets. Post listing, the stock further slipped to ₹46.08, down 5 per cent from the listing price and 7.8 per cent from the issue price. 3B Films IPO details 3B Films plans to raise ₹33.75 crore through a fresh issue of 3.54 million equity shares aggregating to ₹17.76 crore and offer for sale (OFS) of 3.19 million shares aggregating to ₹15.99 crore. 3B Films offered at a price of ₹50 with a lot size of 3,000 shares, received bids for 1,18,92,000 shares against the 67,50,000 shares offered, resulting in an oversubscription of 1.76 times by the end of the subscription period, showed BSE data. 3B Films IPO was available for subscription from Friday, May 20, 2025, till Tuesday, May 30, 2025. The basis of allotment was finalised on Wednesday, June 4, 2025. According to the red herring prospectus (RHP), from the net fresh issue proceeds, the company aims to use ₹4.43 crore for capital expenditure, ₹7.15 crore for working capital requirements and ₹4.43 crore for general corporate purposes. Maashitla Securities is the registrar of the issue. Nirbhay Capital Services is the sole book-running lead manager. About 3B Films Incorporated in September 2014, 3B Films is engaged in the manufacturing and supply of CPP & CPE films tailored to meet the diverse needs of the flexible packaging industry and high-end thermoforming applications. Its product portfolio includes a wide range of CPP films designed to address the specific needs of various industries, including food and beverage, clothing, flowers and other consumer goods. The company has expanded exports to countries like Dubai, Nepal, Sri Lanka, and several African nations.
