Vinod Texworld IPO

Vinod Texworld IPO is a fixed-price issue worth ₹42.83 crore. The issue is entirely a fresh issue of 45.56 lakh shares.

The IPO will open for subscription on September 9, 2026, and close on September 11, 2026. The allotment is expected to be finalized on September 15, 2026. The shares are proposed to be listed on the NSE SME platform on September 17, 2026.

The issue price is fixed at ₹94 per share, and the lot size is 1,200 shares. Retail investors need to apply for at least 2 lots, or 2,400 shares, requiring an investment of ₹2,25,600. HNI investors need to apply for at least 3 lots, or 3,600 shares, amounting to ₹3,38,400.

Novus Capital Advisors Pvt. Ltd. is the book running lead manager for the IPO, while Kfin Technologies Ltd. is the registrar. Giriraj Stock Broking Pvt. Ltd. is the market maker for the issue.

About Vinod Texworld

Vinod Texworld Limited is engaged in the manufacturing, processing and sale of textile fabrics. The company mainly processes greige fabric through dyeing and printing to produce finished fabrics. Its product portfolio includes cotton, polyester and blended fabrics, which are used in the fast-fashion segment. 

The company manages the production process from greige fabric to dyed and printed fabric, with a focus on quality, product innovation, technology upgrades and meeting changing customer requirements. It serves customers across several Indian states, including Gujarat, Punjab, Haryana, Delhi, Rajasthan, Uttar Pradesh and West Bengal. The company also caters to international customers through exports. 

The business is primarily focused on the domestic market, which contributed 99.01% of revenue from operations in FY2025, while exports accounted for the remaining 0.99%. Revenue from operations increased from ₹200.67 crore in FY2023 to ₹335.37 crore in FY2025, indicating growth in the company's business during the period. 

Vinod Texworld is also taking steps towards process improvement, technological advancement and the adoption of renewable energy as part of its focus on operational efficiency and sustainability.

Vinod Texworld IPO Objectives

The Company plans to raise ₹42.83 crore through a 100% fresh issue of 45.56 lakh equity shares. After issue-related expenses and the market maker portion, the Company expects net proceeds of ₹40.69 crore.

• Funds will be used to expand the existing fabric processing, dyeing and printing facility in Ahmedabad to increase production capacity.
• A portion of the proceeds will be used to prepay or repay secured and unsecured borrowings, reducing interest costs and financial leverage.
• Funds will also support day-to-day working capital requirements, including inventory and receivables.
• The remaining proceeds will be used for general corporate and business requirements. 

Industry Outlook

India is the world’s second-largest producer of textiles and garments accounts for around 4.6% of global textile and apparel trade. The contribution of India's textile and apparel industry to GDP is expected to rise to around 5% by the end of the decade.

1. The Indian textiles and apparel market is projected to grow at a 10% CAGR to reach US$350 billion by 2030, supported by rising domestic consumption and export opportunities.
2. The global apparel market is expected to grow at around 8% CAGR to reach US$2.37 trillion by 2030, while global textile and apparel trade is projected to reach US$1.2 trillion by 2030, growing at a 4% CAGR.
3. India’s textile and apparel exports are targeted to reach around US$100 billion by FY30, compared with US$34.43 billion in FY24, indicating significant headroom for export-led growth.
4. The ₹10,683 crore Production Linked Incentive (PLI) scheme is expected to support textile manufacturing by incentivising man-made fibre apparel, MMF fabrics and technical textile products.
5. India’s home textile industry is projected to grow at an 8.9% CAGR between 2023 and 2032, reaching US$23.32 billion in 2032 from US$10.78 billion in 2023.
6. India’s textile manufacturing activity has been recovering, with the Index of Industrial Production for textiles reaching 106 in June 2024, indicating improving manufacturing activity.
7. The organised retail apparel sector was projected by CRISIL Ratings to grow 8-10% in FY25, supported by normal monsoons, easing inflation and higher demand during festive and wedding seasons.

Financial Performance of Vinod Texworld

Vinod Texworld Peer Comparison

Strengths and Opportunities for Vinod Texworld

1. The company has maintained long-standing relationships with retailers, semi-wholesalers and wholesalers, supporting repeat business and a stable flow of orders.
2. It follows a customer-focused approach covering order processing, product quality, timely delivery and prompt resolution of customer complaints.
3. The Promoter, Managing Director and management team bring over a decade of industry experience, supported by an experienced operational team with knowledge of textile manufacturing processes.
4. It has established processes and supply chain monitoring systems to support timely order fulfilment while improving operational efficiency.
5. It conducts quality tests for colour fastness, residual shrinkage, stretchability and skewness to maintain consistent product quality.
6. It regularly reviews its processes to identify inefficiencies and optimize the use of production inputs and resources.
7. It focuses on controlling costs through improved production methods, supply chain efficiencies, Time and Motion studies and alternative sourcing practices.
8. It maintains relationships with suppliers and contractors, supporting consistent procurement and continuity across its supply chain.
9. It plans to expand production capacity through the acquisition and installation of new machinery, particularly in the Dye House segment, to meet growing demand.
10. It operates a 100-kW solar power plant and has proposed an additional 1,500-kW solar installation to reduce energy costs and reliance on conventional power sources.

Risks and Threats for Vinod Texworld IPO

1. The top 10 customers contributed 51.99% of revenue in FY26, while related party Vinod Denim Limited accounted for 15.12% of total sales, creating customer concentration risk.
2. The top 10 suppliers accounted for 93.28% of raw material purchases, with related party Vinod Cotfab Private Limited contributing 44.64%, increasing dependence on key suppliers.
3. All manufacturing, dyeing and fabric processing activities are carried out at a single facility in Ahmedabad, Gujarat, exposing operations to disruptions from equipment failures, power outages, fires, labour issues or natural disasters.
4. The Company had debtor days of 88 days in FY26, higher than the typical textile industry range of 30–45 days, which can increase working capital requirements and liquidity pressure.
5. As of March 31, 2025, the Company had provided a ₹76.27 crore corporate guarantee for loans of promoter group entity Vinod Cotfab Private Limited, exposing it to potential financial liability if the borrower defaults.
6. The Company primarily relies on short-term purchase orders rather than long-term customer contracts, resulting in limited revenue visibility and potential fluctuations in order volumes.
7. Operating cash flow was negative in FY24 at ₹6.75 crore and FY25 at ₹11.97 crore, before turning positive at ₹7.87 crore in FY26, indicating historical volatility in cash generation and potential liquidity risks.

Vinod Texworld IPO Reservation

Vinod Texworld IPO Promoter Holding

Vinod Texworld IPO Registrar and Lead Managers

Vinod Texworld IPO Lead Managers

Novus Capital Advisors Pvt.Ltd.

Registrar for Vinod Texworld IPO

Name: Kfin Technologies Ltd. 

Phone: 040-79615565

Email ID: vinodtex.ipo@kfintech.com

How To Check the Allotment Status of the Vinod Texworld IPO?

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 Vinod Texworld 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.

How To Apply for Vinod Texworld IPO Online?

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.

Contact Details of Vinod Texworld IPO

Address: 185/2, Saijpur, Gopalpur, Opp. Shanti Process, Piplaj Pirana Road, Ahmedabad, Gujarat, 382405

Phone: +91 7069030829

Email ID: ho@vinodtexworld.com