Vandan Foods came to market through an SME IPO that opened on 30 June 2025 and closed on 2 July 2025, and the shares listed on 7 July 2025 on BSE SME. The price band was ₹115 per share and one lot was 1200 shares, so the minimum application was ₹1,38,000. The issue size was ₹30.36 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt Ltd was the registrar to the issue, and Nirbhay Capital Services Private Limited was the lead manager.
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Established in 2015, Vandan Foods Limited is involved in the production of Refined F.S.G. Castor Oil and Castor Oiled Cake. The company is both B2B and B2C models; the company focuses on quality control, inventory management, and business development for customer satisfaction.The company distributes its products in Gujarat, Haryana, Andhra Pradesh, Delhi, Bihar, Rajasthan, and Telangana. Its production houses are in Dhinoj Patan, Gujarat, at two addresses. Products: Refined Castor Oil First Stage Grade (F.S.G.): F.S.G.
Castor Oil is the refined, bleached oil that is manufactured by the company and is applied in lubricants, paints, pharmaceuticals, textiles, etc. It also has health benefits such as relieving constipation and aiding hair and skin growth. Castor De-Oiled Cake: The company manufactures Castor De-Oil Cake, a natural fertilizer high in nitrogen, phosphoric acid, and potash. It enhances soil microbial life and is a good substitute for chemical fertilizers.
The company has 16 permanent staff members as of December 31, 2024.
As described in the offer document.
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Mr. Kalpeshkumar Bhagavandas Thakkar, Mr. Rakeshkumar Rameshbhai Patel, Mr. Jitendra Rameshbhai Patel, Mrs. Jyotsana Jitendrabhai Patel, Kalpesh Kumar Thakkar HUF.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Vandan Foods IPO was a ₹30.36 crore fixed-price issue, made up entirely of a fresh issue. It was priced at ₹115 per share with a lot size of 1,200 shares (₹1,38,000). The IPO was open from June 30 to July 2, 2025. Shares listed on BSE SME on July 7, 2025 at ₹125, a 8.7% premium to the issue price of ₹115. Bigshare Services Pvt Ltd is the registrar. Nirbhay Capital Services Private Limited is the book running lead manager.
The issue price of Vandan Foods IPO is ₹115 per share (fixed price).
The lot size of Vandan Foods IPO is 1200 shares.
The minimum investment for Vandan Foods IPO is approximately ₹1,38,000 based on the issue price.
The allotment date of Vandan Foods IPO is Jul 3, 2025.
You can check Vandan Foods IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Vandan Foods IPO allotment status on Rupix for quick and easy access.
₹115 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,38,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,38,000, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 30 June 2025 and closed on 2 July 2025.
The basis of allotment was published on 3 July 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 7 July 2025 on BSE SME.
The issue size was ₹30.36 crore. The fresh issue was 26,40,000 shares (aggregating up to ₹30.36 crore).