Vandan Foods Limited IPO
Vandan Foods Limited IPO
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Following its successful public offering, Vandan Foods Limited's made its market debut on 07-07-2025 and is now actively traded on the BSEplatform. The IPO mobilized 26,40,000 Shares in total capital, including 26,40,000 Shares in primary equity infusion.
The offering was structured with a price band of ₹115 to ₹115 and minimum investment lots of 1200 shares. Investor participation during the subscription window from 30-06-2025 to 02-07-2025 demonstrated market confidence in the company's prospects.
The allotment process concluded on 03-07-2025, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Vandan Foods IPO About Company
Vandan Foods Limited, incorporated in 2015, is involved in the manufacturing of Refined First Stage Grade (F.S.G.) Castor Oil and Castor De-Oiled Cake. The company operates under both B2B and B2C models, focusing on quality control, inventory management, and business development to ensure customer satisfaction. Its manufacturing facilities are located in Dhinoj Patan, Gujarat. Vandan Foods supplies its products to several states across India, including Gujarat, Haryana, Andhra Pradesh, Delhi, Bihar, Rajasthan, and Telangana. The company produces refined F.S.G. Castor Oil, commonly used in lubricants, paints, pharmaceuticals, textiles, and other industries, while also offering benefits for hair, skin, and digestion. It also manufactures Castor De-Oiled Cake, a natural fertilizer rich in essential nutrients that enhances soil health and acts as an eco-friendly alternative to chemical fertilizers. As of December 31, 2024, the company employs 16 permanent staff members.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Vandan Foods IPO Strength Factors
- Experienced Leadership Team: Promoters and management bring deep industry knowledge and expertise.
- Focus on Quality Standards: Strong quality control processes ensure reliable and consistent products.
- Diversified Customer Base: Mix of B2B and B2C clients reduces risk and avoids overdependence on one segment.
Vandan Foods IPO Risk Factors
- Revenue Depends on Key Customers: Heavy reliance on a few clients could affect stability if relationships decline.
- High Supplier Dependency: Limited supplier base may cause delays or cost hikes, impacting operations.
- Operations Focused in Gujarat: Regional concentration exposes the business to local risks and disruptions.
Vandan Foods IPO Lead Manager(s)
- Nirbhay Capital Services Private Limited
Vandan Foods IPO Promoter(s)
- Mr. Kalpeshkumar Bhagavandas Thakkar
- Mr. Rakeshkumar Rameshbhai Patel
- Mr. Jitendra Rameshbhai Patel
- Mrs. Jyotsana Jitendrabhai Patel
- Kalpesh Kumar Thakkar HUF
Vandan Foods IPO FAQs
Vandan Foods Limited IPO subscribed 1.75 times. The public issue subscribed 3.09 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 24, 2025 11:35:40 AM (Day 24).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Vandan Foods IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Vandan Foods IPO FAQs
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