Vandan Foods IPO GMP & Review: Apply or Avoid?
Posted by : sachet | Fri Jun 27 2025

Vandan Foods IPO is open for bidding on 30th June 2025. It is a bookbuilding IPO of 26.40 lakh shares and entirely a fresh issue worth ₹30.36 crore. The issue will be listed on BSE and SME on its tentative listing date, 7th July 2025.
Vandan Foods IPO Details
The Vandan Foods IPO date is fixed between 30th June 2025 and 2nd July 2025. The face value of Vandan Foods Limited shares stands at ₹10 per share, and the IPO price is set at ₹115 per share.
Bigshare Services Private Limited is the registrar of the Vandan Foods IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
IPO Open Date | 30th June 2025 |
IPO Close Date | 2nd July 2025 |
IPO Allotment Date | 3rd July 2025 |
Refund Initiation | 4th July 2025 |
Issue Size | 26,40,000 shares (worth ₹30.36 crore) |
Face Value | ₹10 per share |
Lot Size | 1,200 shares |
Issue Price | ₹115 per share |
Issue Type | Bookbuilding IPO |
Listing At | BSE & SME |
Listing Date | 7th July 2025 |
Vandan Foods IPO Share Reservation
Vandan Foods IPO is a bookbuilding IPO issue of 26.40 lakh shares worth ₹30.36 crores. Vandan Foods Limited shares will be listed on the BSE and SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
Investor Categories | Reservation Required |
QIB Shares Offered | – |
Retail Shares Offered | 12,54,000 (47.50%) |
Market Maker | 1,32,000 (5.00%) |
NII (HNI) Shares Offered | 12,54,000 (47.50%) |
Total Shares Offered | 26,40,000 (100%) |
Vandan Foods IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Vandan Foods IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
26-06-2025 | ₹115 | ₹0 | ₹115 | 0.00% |
25-06-2025 | ₹115 | ₹0 | ₹115 | 0.00% |
24-06-2025 | ₹115 | ₹0 | ₹115 | 0.00% |
23-06-2025 | ₹115 | ₹0 | ₹115 | 0.00% |
22-06-2025 | ₹115 | ₹0 | ₹115 | 0.00% |
21-06-2025 | ₹115 | ₹0 | ₹115 | 0.00% |
20-06-2025 | ₹115 | ₹0 | ₹115 | 0.00% |
As of 27th June 2025, Vandan Foods IPO GMP stands at ₹0 per share, which means the share will likely show a listing at ₹115 (115+0) on its tentative listing date, 7th July 2025.
GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Vandan Foods IPO. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
Vandan Foods IPO Review

Check out the detailed Vandan Foods IPO review for a thorough understanding of its potential to report listing gains on 7th July 2025. The Vandan Foods IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the Vandan Foods IPO.
Vandan Foods Limited’s revenue rose 320.44% from ₹11.59 crores in March 2023 to ₹48.73 crores in March 2024. Moreover, the company’s PAT increased by 312.50% from ₹0.64 crores to ₹2.64 crores.
Vandan Foods Limited has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Vandan Foods IPO for its tentative listing day, which is 7th July 2025.
Technical Analysis
A number of technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Vandan Foods IPO.
Key Indicators | Value |
PE Ratio (Price-to-Earnings) | 24.98 |
EPS (Earnings Per Share) | 4.60 |
RoNW | 27.92% |
ROCE | 37.33% |
ROE | 45.41% |
EBITDA Margin | 7.48% |
Price to Book Value | 6.92 |
Market Capitalisation | ₹96.43 cr. |
The PE ratio of Vandan Foods Limited shares is 24.98, and its Earnings Per Share (EPS) stands at 4.60. Thus, the Vandan Foods IPO can potentially deliver gains on its tentative listing date, 7th July 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Vandan Foods Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
Indicators | Pre-IPO | Post-IPO |
PE Ratio | 24.98 | 15.94 |
EPS | 4.60 | 7.21 |
Vandan Foods Limited Peer Comparison
Company Name | Revenue (in cr.) | PE Ratio | Face Value (in Rs) | EPS | RoNW (in %) |
Vandan Foods Limited | 48.73 | 24.78 | 10 | 4.64 | 27.92% |
N.K. Industries Limited | 19.73 | -11.84 | 10 | -1.71 | 0.34% |
Jayant Agro-Organics Limited | 2,151.00 | 17.24 | 5 | 17.59 | 10.12% |
Vandan Foods IPO Subscription Status
Vandan Foods IPO is to be opened for bidding on 30th June 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Adcounty Media IPO Subscription Status.
Investor Category | Shares Offered | Shares Subscribed | Subscription in Times |
Retail Investors | Yet to be announced | Yet to be announced | Yet to be announced |
QIB | Yet to be announced | Yet to be announced | Yet to be announced |
NII (sNII+bNII) | Yet to be announced | Yet to be announced | Yet to be announced |
Total | Yet to be announced | Yet to be announced | Yet to be announced |
About Vandan Foods Limited

Vandan Foods Limited was incorporated in 2015 and is engaged in the manufacturing of Refined F.S.G Castor Oil and Castor Oiled Cake. It operates as both B2B and B2C models, the company emphasises quality control, inventory management, and business development to ensure customer satisfaction. It supplies products across different regions including Gujarat, Haryana, Delhi, Bihar, Rajasthan, Telangana, and Andhra Pradesh. Here are the major competitive strengths of Vandan Foods Limited.
- Experienced Promoters and Management Team
- Quality Control and Quality Assurance
- Diversified business model and customer base
- Scalable Business Model
- Smooth flow of operations
- Optimal Utilisation of Resources
Vandan Foods Limited Financials
The company’s financial analysis is essential before applying for the Vandan Foods IPO. Look at the table to learn about Vandan Foods Limited’s financials.
Year Ended | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) | 31st March 2022 (in cr.) |
Assets | 12.12 | 4.74 | 4.20 |
Revenue | 48.73 | 11.59 | 1.61 |
Profit After Tax | 2.64 | 0.64 | -0.11 |
Debt | 0 | 0.39 | 3.45 |
Net Worth | 9.47 | 2.18 | -0.05 |
Reserves and Surplus | 6.60 | 2.04 | -0.06 |
Explanation
Vandan Foods Limited’s revenue rose 320.44% from ₹11.59 crores in March 2023 to ₹48.73 crores in March 2024. Moreover, the company’s PAT increased by 312.50% from ₹0.64 crores to ₹2.64 crores.
Vandan Foods IPO Bidding Requirements
Vandan Foods IPO has reserved lot sizes to be applied by different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO.
Investor Category | Lots | Shares | Amount (in Rs) |
Retail (Minimum) | 1 | 1,200 shares | ₹1,38,000 |
Retail (Maximum) | 1 | 1,200 shares | ₹1,38,000 |
HNIs (Minimum) | 2 | 2,400 shares | ₹2,76,000 |
Use the lot size calculator to find how many shares you should apply!
Vandan Foods IPO Promoter Holdings
Have a look at the table below to check the holdings of Vandan Foods Limited’s promoters: Mr. Kalpeshkumar Bhagavandas Thakkar, Mr. Rakeshkumar Rameshbhai Patel, Mr. Jitendra Rameshbhai Patel, Mrs. Jyotsana Jitendrabhai Patel, and Kalpesh Kumar Thakkar HUF.
Share Holding Pre-Issue | 96.94% |
Share Holding Post-Issue | 66.42% |
Note: Promoter Holdings’ value is to be calculated using Equity dilution, which represents the gap between shareholdings before and after the Issue.
Aim of Vandan Foods IPO
The primary aim of the Vandan Foods IPO is to raise ₹30.36 crores. On the other hand, Vandan Foods Limited has decided to utilise these funds in different prospects. Explore some of the secondary objectives for the Vandan Foods IPO.
- Working capital requirements
- General corporate purposes
- Capital expenditure
- Expadion of the Dhinoj Facility (CAPEX)
Should I Invest in Vandan Foods IPO?
Explore the pros and cons of the Vandan Foods IPO to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades.
Pros of Vandan Foods IPO
- Qualified and Experienced Management
- Diversified Business Model and Customer Base
Cons of Vandan Foods IPO
- Low Market Capitalisation
How to Apply for Vandan Foods IPO?

Check the steps mentioned below to apply for the Vandan Foods IPO.
- Step 1: Conduct thorough research on the Vandan Foods IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for one lot of 1,200 shares worth ₹1,38,000 of the Vandan Foods IPO.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Vandan Foods IPO from more than one demat account to increase your allotment chances.
How to Check Vandan Foods IPO Allotment Status?
You can check for the Vandan Foods IPO allotment in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.
Check On BSE
- Visit the BSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Vandan Foods IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Vandan Foods IPO allotment status.
Let’s Wrap
Vandan Foods IPO is a bookbuilding issue of 26.40 lakh shares worth ₹30.36 crores. The shares of Vandan Foods Limited will be listed on BSE and SME on its tentative listing date of 7th July 2025. Researching the Vandan Foods IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Vandan Foods IPO
How is the Vandan Foods IPO?
Ans. Currently, on 27th June 2025, the Vandan Foods IPO GMP (Grey Market Premium) stands at ₹0 (0.00% up). It indicates that the estimated listing price could be ₹115 per share. It is a bookbuilding IPO of 26.40 lakh shares and entirely a fresh issue worth ₹30.36 crore. The face value of each share of Vandan Foods Limited is ₹10.
What is the Vandan Foods IPO price?
Ans. The Vandan Foods IPO price has been set at ₹115 per share. Retail investors can apply for a minimum of 1 lot consisting of 1,200 shares worth ₹1,38,000. Moreover, HNIs are required to bid for a minimum of 2 lots (2,400 shares) worth ₹2,76,000.
Is the Vandan Foods IPO good?
Ans. Vandan Foods Limited’s revenue rose 320.44% from ₹11.59 crores in March 2023 to ₹48.73 crores in March 2024. Moreover, the company’s PAT increased by 312.50% from ₹0.64 crores to ₹2.64 crores. Investors can analyse other relevant factors and make a decision accordingly.
Who is the registrar of the Vandan Foods IPO?
Ans. Bigshare Services Private Limited is the registrar of the Vandan Foods IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding the Vandan Foods IPO allotment and refund, you can contact Bigshare Services Limited at investor@bigshareonline.com or +91-22-6263 8200.
What is the issue size of the Vandan Foods IPO?
Ans. Vandan Foods IPO is a bookbuilding IPO for 26.40 lakh shares worth ₹30.36 crore. Moreover, the IPO is set to open on 30th June 2025 and will be closed on 2nd July 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Vandan Foods IPO, download the Vandan Foods IPO RHP and Vandan Foods IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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