Latest news with #VandanFoods
Business Standard
07-07-2025
- Business
- Business Standard
BSE SME Vandan Foods rises on debut
Shares of Vandan Foods was trading at Rs 118.75 on the BSE, a premium of 3.26% compared with the issue price of Rs 115. The scrip was listed at Rs 125, a premium of 8.70% compared with the initial public offer (IPO) price. The stock was currently frozen at its lower limit of 5% over its listing price. The counter hit a high of Rs 125 and a low of Rs 118.75. About 4.50 lakh shares of the company changed hands at the counter. Vandan Foods' IPO was subscribed 1.71 times. The issue opened for bidding on 30 June 2025 and it closed on 2 July 2025. The price of the IPO was set at Rs 115 per share. The IPO comprised fresh issue of 26,40,000 equity shares. The promoter and promoter group shareholding diluted to 66.42% from 96.94% pre-issue. The company intends to utilize the net proceeds to meet working capital requirement, prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company, funding the capital expenditure requirement for expansion of Dhinoj facility (capex), to meet public issue expenses and general corporate purposes. Vandan Foods was initially engaged in the catering business. However, from the financial year 2018 to the financial year 2023, the company was involved in the trading of agro commodities. From the financial year 2024 onwards, the current promoters have been actively managing the business of manufacturing Castor Oil and its derivatives. The company is currently operating on a B2B business model, primarily focusing on Refined F.S.G. Castor Oil and Castor De Oil Cake. As of 31 December 2024, the company had 16 permanent employees. The company recorded revenue from operations of Rs 72.66 crore and net profit of Rs 4.54 crore for the period ended 31 December 2024.
Economic Times
07-07-2025
- Business
- Economic Times
Vandan Foods IPO to list today. Check GMP ahead of debut
Synopsis Vandan Foods is set to list on the BSE SME platform on July 7 after its Rs 30.36 crore IPO, priced at Rs 115 per share, saw a subscription of 1.75 times. The IPO, primarily a fresh issue of shares, will fund working capital, debt repayment, and capacity expansion. The company reported significant revenue and profit growth in FY24.
Time of India
07-07-2025
- Business
- Time of India
Vandan Foods IPO to list today. Check GMP ahead of debut
Vandan Foods is set to make its debut on the BSE SME platform on July 7 following the conclusion of its Rs 30.36 crore IPO. The IPO has seen no traction in the grey market, with its GMP at Rs 0 ahead of listing. The IPO, priced at Rs 115 per share, consisted entirely of a fresh issue of 26.40 lakh shares. Retail investors showed notable interest, leading to a 3.09 times subscription in the retail category, while the overall subscription stood at 1.75 times. However, the HNI portion remained underwhelming at just 0.41 times. The Rajkot-headquartered company is engaged in the manufacture of refined castor oil (First Stage Grade) and castor de-oiled cake, catering to both domestic and agricultural industries. Its operations span across Gujarat and other Indian states including Haryana, Andhra Pradesh, Bihar, and Telangana. Proceeds from the IPO are earmarked for working capital requirements, debt repayment, and capacity expansion at its Dhinoj facility in Gujarat. In terms of financials, Vandan Foods reported a sharp rise in revenue and profits in FY24 and the nine-month period ending December 2024. Revenue jumped to Rs 72.66 crore while PAT surged to Rs 4.54 crore, reflecting the company's operational scale-up. Given the lack of listing premium and moderate response from institutional and HNI categories, listing day gains, if any, may be limited and largely sentiment-driven. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Mint
03-07-2025
- Business
- Mint
Vandan Foods IPO allotment to be out soon: Here are steps to check status online and GMP as focus shifts to listing
Vandan Foods IPO: The allotment for the issue that closed for subscription on 2 July 2025 is to be out soon. The proposed listing date for Vandan Foods' initial public offering (IPO) on the BSE SME is set for Monday, July 7, 2025. Bigshare Services Pvt Ltd is the issue's registrar, while Nirbhay Capital Services Private Limited is the book-running lead manager for the Vandan Foods IPO. Aftertrade Broking Pvt Ltd is the market maker for the Vandan Foods initial public offering. Since Bigshare Services Pvt. Ltd. is the registrar for the Vanda Foods IPO and the Vandan Foods shares are to be listed on the BSE SME , investors can check listing status on the registrar Bigshare Services Pvt. Ltd.'s website and also on the BSE website. Here are steps to check status online and GMP as focus shifts to listing Step 1: Go to the website of Registrar Bigshare Services Pvt Limited to check the PRO FX Tech allotment status by clicking the link: Step 2: Select any one of the servers to check allotment status Step 3: Select Vandan Foods Limited from the 'Select company' dropdown menu. (Note: the company name will only appear once the allotment status is out.) Step 4: Select from the selection type any of the following: DP ID or Client ID, application number or CAF number, or the PAN number Step 5: Enter the details from the option selected on the Value Box Step 6: Click on the search button after entering the CAPTCHA. Step 1: Head to the BSE website: Step 2: Select Issue type and click on Equity Step 3: Under the select issue name, select "VANDAN FOODS LIMITED" from the dropdown Step 4: Thereafter, enter your details, such as application number and PAN information. Step 5: Press 'Submit' after clicking the CAPTCHA Vandan Foods IPO GMP (grey market premium) stands at NIL This means that the Vandan Foods shares are commanding no premium over the issue price of ₹ 115 in the grey market, according to data from The same also indicates that the listing of Vandan Foodshares is anticipated to be without any premium over the upper range of the offer price of ₹ 115 per share, also indicating that market players are anticipating Nil listing gains. Disclaimer: The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
News18
03-07-2025
- Business
- News18
Vandan Foods IPO GMP: Allotment Today, Here's A Step-By-Step Guide To Check Status
Last Updated: The grey market premium of the Vandan Foods IPO has declined to zero, indicating flat or negative listing. Check allotment and listing date. Vandan Foods IPO GMP Today: The basis of allotment of the Vandan Foods IPO is expected to be finalised today, Thursday, July 3. Once finalised, investors will start receiving bank debit messages. They can also check the allotment status on the websites of the BSE or registrar Bigshare Services. The initial public offering of Vandan Foods was open for public subscription between June 30 and July 2. The issue received a 1.75 times subscription, garnering bids for 43,87,200 shares as against the 25,08,001 shares on offer. The retail and NII participation stood at 3.09x and 0.41x, respectively. The BSE SME IPO aims to raise Rs 30.36 crore, to be used for debt repayment, capex and other corporate expenditures. Vandan Foods, founded in 2015, manufactures refined castor oil and castor oil cake, operating in both B2B and B2C models with a supply footprint across multiple Indian states. Vandan Foods IPO GMP Today According to market observers, the grey market premium of the Vandan Foods IPO has declined to zero, indicating flat or negative listing. The GMP was recorded at 21.74% on Tuesday. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Vandan Foods IPO Allotment Status: A Step-By-Step Guide Once the allotment is finalised (scheduled to be finalised in the evening today), the status can be checked by following these steps: 1. Visit Bigshare Services' portal – 2. Select Company Name 'Vandan Foods Ltd' from the drop-down menu. 3. In the 'Select Selection Type', choose any one from the options — PAN Number, Beneficiary ID, or Application Number. 4. Enter PAN Number, Beneficiary ID or Application Number. 5. Enter Captcha 6. Hit 'Search' Button. Your Vandan Foods IPO allotment status will now be visible. Check via BSE (Bombay Stock Exchange) Visit the BSE IPO allotment page: Under Issue Type, select: Equity Under Issue Name, choose: Vandan Foods Limited (Name will appear once allotment is live) Enter your Application Number or PAN Number. Tick the 'I'm not a robot" checkbox. Click on 'Search" to view your allotment status. Vandan Foods IPO Listing Date The Vandan Foods IPO listing will take place on July 7, on the BSE's SME platform. Vandan Foods IPO: Other Info The IPO, which is a fixed price of Rs 30.36 crore, is entirely a fresh issue of 26.40 lakh shares. Its IPO price is fixed at Rs 115 per share. The minimum lot size for an application is 1,200. Nirbhay Capital Services Private Limited is the book-running lead manager of the Vandan Foods IPO, while Bigshare Services Pvt Ltd is the registrar for the market maker for Vandan Foods IPO is Aftertrade Broking Pvt Ltd. Its revenue and net profit for the nine months ended December 2024 stood at Rs 72.66 crore and 4.54 crore, respectively. About the Author Business Desk First Published: July 03, 2025, 11:17 IST
