Vandan Foods IPO

About Vandan Foods IPO

Vandan Foods IPO is a fixed price issue worth ₹30.36 crore. The offering consists entirely of a fresh issue of 26.40 lakh equity shares. The IPO will open for public subscription on June 30, 2025, and will close on July 2, 2025. The basis of allotment is likely to be finalised on July 3, 2025.

The shares are proposed to be listed on the BSE SME platform, with a tentative listing date set for July 7, 2025. The IPO is priced at ₹115 per share. Investors can apply for a minimum of 1,200 shares, requiring a minimum investment of ₹1,38,000 for retail investors.

High Net-worth Individuals (HNIs) must apply for at least two lots, amounting to 2,400 shares and an investment of ₹2,76,000. Nirbhay Capital Services Private Limited is acting as the book-running lead manager for this IPO. Bigshare Services Private Limited is handling the registrar responsibilities.

Aftertrade Broking Private Limited is designated as the market maker for the issue. For detailed financials and risk factors, refer to the Vandan Foods IPO DRHP.

Industry Outlook

1. The global castor oil market was valued at USD 1.4 billion in 2022 and is expected to grow at a CAGR of 5.1%, reaching USD 2.3 billion by 2032. The increasing use of castor oil in cosmetics and pharmaceuticals is a key growth driver.
2. India’s castor oil market reached 102.5 kilo tons in 2023, with rising demand supported by its applications in skincare, lubricants, and bio-based products. The use of advanced extraction technology is further expanding production potential.
3. Rising preference for natural and organic ingredients in personal care and medicinal products is fuelling demand for castor oil globally, with bio-based product adoption also on the rise due to sustainability awareness.

Vandan Foods IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. The company aims to use a portion of the proceeds to fulfil working capital needs for smooth day-to-day operations.
2. Part of the proceeds will be put toward repayment or prepayment of the company’s existing borrowings.
3. Funds will also be used to fund expansion-related capital expenditure at the Dhinoj facility.
4. Part of the proceeds will support general corporate activities and business growth.
5. The remaining funds will cover expenses related to the public issue.

About Vandan Foods Limited

Vandan Foods Limited, originally incorporated as Vandan Foods Private Limited on December 15, 2015, transitioned to a public limited company in September 2023. The company is based in Gujarat and operates under Corporate Identification Number U10402GJ2015PLC085394.

Initially engaged in catering services, the company shifted to trading agro commodities between 2018 and 2023. Since 2024, it has focused on manufacturing castor oil and its derivatives. The company operates under a B2B model, specialising in Refined First Stage Grade (F.S.G.) Castor Oil and Castor De-Oiled Cake.

F.S.G. Castor Oil, refined through bleaching and filtration, is used in various industries including lubricants, pharmaceuticals, sealants, inks, and cosmetics. Castor De-Oiled Cake, a by-product of the oil extraction process, serves as an organic fertilizer rich in nutrients like nitrogen and phosphoric acid.

The manufacturing facility is located in Dhinoj, Patan, Gujarat, and the company supplies products to multiple Indian states including Gujarat, Delhi, and Telangana. The company follows stringent quality standards and is ISO certified, outsourcing testing processes to ensure product reliability.

Castor oil, derived from Ricinus Communis seeds, is known for its wide industrial and medicinal applications. It plays a crucial role in cosmetics, pharmaceuticals, lubricants, paints, and the textile industry.

Vandan Foods Limited continues to leverage its management expertise and operational capabilities to meet the growing demand for castor oil products across sectors, ensuring consistent quality and customer satisfaction through innovation and efficient processes.

How To Check the Allotment Status of Vandan Foods IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the Vandan Foods IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Vandan Foods IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Vandan Foods IPO

Registered office: 503/B, Wall Street-1, Opp. Orient Club, Nr. Rly. Crossing,

Ellisbridge, Ahmedabad -380006, Gujarat, India

Phone: : + 91-8980121363

E-mail: cs@vandanfoods.in 

Website: http://www.vandanfoods.in/ 

Vandan Foods IPO Reservation

The Vandan Foods IPO comprises a total of 26,40,000 equity shares. Out of the total issue, 1,32,000 shares (5.00%) have been reserved for the Market Maker. The remaining shares are equally divided between Non-Institutional Investors (NII) and Retail Individual Investors (RII), with each category allocated 12,54,000 shares, representing 47.50% of the net offer. No shares have been allocated to Qualified Institutional Buyers (QIB) in this offering.

Category-Wise Allocation of Shares

Vandan Foods IPO Lot Size

Investors can apply for a minimum of 1,200 shares and in multiples of this lot size. The table below shows the minimum and maximum investment limits for both Retail and HNI investors, based on the number of shares and the total investment amount.

Vandan Foods IPO Promoter Holding

The promoters of the company include Mr. Kalpeshkumar Bhagavandas Thakkar, Mr. Rakeshkumar Rameshbhai Patel, Mr. Jitendra Rameshbhai Patel, Mrs. Jyotsana Jitendrabhai Patel, and Kalpesh Kumar Thakkar HUF.

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.

Key Performance Indicators for Vandan Foods IPO

As of March 31, 2024, the market capitalisation of Vandan Foods IPO stands at ₹96.43 crore.

Vandan Foods IPO Prospectus

• Vandan Foods IPODRHP
• Vandan Foods IPO RHP

Vandan Foods IPO Registrar and Lead Managers

Vandan Foods IPO Lead Managers

• Nirbhay Capital Services Private Limited

Registrar for Vandan Foods IPO

Bigshare Services Private Limited

• Contact Number: +91-22-6263 8200
• Email Address: ipo@bigshareonline.com

Vandan Foods IPO Registrar