Vama Wovenfab IPO
Updated 11 Sept 2026, 5:03 pm.
Minimum investment (Individual investors (IND))
₹2,72,800
2 lots · 800 shares at the upper price band
Price band
₹324–341
Latest GMP
₹0
0.0% of the ₹341 upper band
Est. listing price
₹0
Issue size
₹47.06 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
| Observed | GMP | Est. listing price |
|---|---|---|
| 11 Sept 2026, 5:03 pm | ₹0 | ₹0 |
| 11 Sept 2026, 5:01 pm | ₹0 | ₹0 |
| 11 Sept 2026, 12:50 pm | ₹0 | ₹0 |
| 11 Sept 2026, 12:49 pm | ₹0 | ₹0 |
| 11 Sept 2026, 8:05 am | ₹0 | ₹0 |
| 11 Sept 2026, 8:03 am | ₹0 | ₹0 |
| 11 Sept 2026, 7:00 am | ₹0 | ₹0 |
| 11 Sept 2026, 6:55 am | ₹0 | ₹0 |
| 11 Sept 2026, 6:50 am | ₹0 | ₹0 |
| 11 Sept 2026, 6:28 am | ₹0 | ₹0 |
| 10 Sept 2026, 6:17 pm | ₹0 | ₹0 |
| 10 Sept 2026, 5:37 pm | ₹0 | ₹0 |
| 10 Sept 2026, 5:30 pm | ₹0 | ₹0 |
| 10 Sept 2026, 5:00 pm | ₹0 | ₹0 |
| 10 Sept 2026, 4:59 pm | ₹0 | ₹0 |
| 10 Sept 2026, 12:56 pm | ₹0 | ₹0 |
| 10 Sept 2026, 12:55 pm | ₹0 | ₹0 |
| 10 Sept 2026, 11:20 am | ₹0 | ₹0 |
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- SME
- Price band
- ₹324–341
- Issue size
- ₹47.06 Cr
- Lot size
- 400
- Opens
- 15 Sept 2026
- Closes
- 17 Sept 2026
- Allotment
- 18 Sept 2026
- Listing
- 22 Sept 2026
- Est. listing price
- ₹0
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Maashitla Securities Pvt.Ltd.
- Minimum investment
- ₹2,72,800 (2 lots · 800 shares)
- Face value
- ₹10 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital only
- Listing at
- BSE SME
- Refunds
- 21 Sept 2026
- Shares credited
- 21 Sept 2026
- Promoter holding
- 100% before · 72% after
- Lead managers
- Gretex Corporate Services Ltd.
Offer documents & links
Full issue details
Details as published for this issue, read 11 Sept 2026, 5:10 pm. Verify against the RHP before applying.
IPO Details
| IPO Date | 15 to 17 Sep, 2026 |
|---|---|
| Listing Date | Tue, Sep 22, 2026 T |
| Face Value | ₹ 10 per share |
| Price Band | ₹324 to ₹341 |
| Lot Size | 400 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 14,52,800 shares (agg. up to ₹ 50 Cr) |
|---|---|
| Reserved for Market Maker | 72,800 shares (agg. up to ₹ 2 Cr) Nikunj Stock Brokers Ltd. |
| Fresh Issue (Ex Market Maker) | 13,80,000 shares (agg. up to ₹ 47 Cr) |
| Net Offered to Public | 13,80,000 shares (agg. up to ₹ 47 Cr) |
| Share Holding Pre Issue | 37,36,164 shares |
| Share Holding Post Issue | 51,88,964 shares |
IPO Timetable (Tentative)
- IPO Open
- Tue, Sep 15, 2026
- IPO Close
- Thu, Sep 17, 2026
- Allotment
- Fri, Sep 18, 2026
- Refund
- Mon, Sep 21, 2026
- Credit of Shares
- Mon, Sep 21, 2026
- Listing
- Tue, Sep 22, 2026
Issue Reservation
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 14,400 | 1.04% | 0.99% |
| NII (HNI) | 2,76,000 | 20.00% | 19.00% |
| - bNII > ₹10L | 1,83,600 | — | 12.64% |
| - sNII < ₹10L | 92,400 | — | 6.36% |
| Retail | 10,89,600 | 78.96% | 75.00% |
| Firm Reservations | |||
| Market Maker | 72,800 | — | 5.01% |
| Total | 14,52,800 | 100.00% | 100.00% |
Vama Wovenfab IPO comprises a total issue size of 14,52,800 shares. The net offer to the public is 13,80,000 shares, after excluding 72,800 shares allotted on a firm basis. Of the Net offer 14,400 (1.04%) are allocated to QIB , 2,76,000 (20.00%) allocated to NII 10,89,600 (78.96%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 800 | ₹2,72,800 |
| Individual investors (IND) (Max) | 2 | 800 | ₹2,72,800 |
| S-HNI (Min) | 3 | 1200 | ₹4,09,200 |
| S-HNI (Max) | 7 | 2800 | ₹9,54,800 |
| B-HNI (Min) | 8 | 3200 | ₹10,91,200 |
Investors can bid for a minimum of 800 shares and in multiples of 400 shares thereof.
IPO Subscription Details
About Vama Wovenfab Ltd.
Incorporated in March 2011, Vama Wovenfab Limited is an ISO 9001:2015 certified manufacturer of PP and HDPE woven sack bags and fabric-based packaging products. The Company also trades in plastic granules and provides customised bulk packaging solutions to B2B customers across industries such as agriculture, food processing, chemicals, fertilizers, sugar and cement.
The Company's product portfolio includes PP/HDPE woven bags and fabrics, BOPP bags, HDPE trampoline sheets, coloured woven fabric sheets and loop handle bags in different sizes, weights and colours as per customer requirements. Its manufacturing process involves melting and extruding plastic granules into tapes, weaving them into fabric and converting the fabric into customised finished bags. The Company also uses recycled granules and various additives and ancillary materials to enhance product quality and performance.
The Company operates its manufacturing facility in Nani Daman, Daman, where production of PP/HDPE woven sack bags and fabrics commenced in 2013. The facility is supported by skilled manpower, in-house quality control systems and stable power supply.
The Company has established long-term relationships with customers and focuses on customised solutions, timely delivery, product quality and continuous process improvement.
As of April 30, 2026, the Company had 94 employees, including 85 employees in operations.
Competitive Strengths
On-time and planned delivery.
Customised packaging solutions.
Skilled and experienced workforce.
Established manufacturing capabilities.
Strong long-term customer relationships.
Focus on product and process improvement.
Company Financials (Restated)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 74.18 | 67.47 | 37.14 |
| Total Income | 214.62 | 77.76 | 27.87 |
| Profit After Tax | 11.55 | 6.84 | 2.63 |
| EBITDA | 17.86 | 10.37 | 5.10 |
| NET Worth | 28.69 | 17.15 | 9.05 |
| Reserves and Surplus | 24.96 | 13.41 | 5.44 |
| Total Borrowing | 25.44 | 16.94 | 11.17 |
| Amount in ₹ Crore |
Vama Wovenfab Ltd.'s revenue increased by 176% and profit after tax (PAT) rose by 69% between the financial year ending with March 31, 2026 and March 31, 2025.
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|---|---|---|---|---|---|---|---|
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| Narmadesh Brass Industries Ltd. | SME | ₹44.87 Cr | ₹515 | 19.63 | ₹470.25 | -8.69% | ₹348.95 |
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View More »
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure towards Construction of shed | 1.36 |
| 2 | Capital Expenditure towards Purchase of Machinery | 7.25 |
| 3 | To meet working capital requirements | 26.50 |
| 4 | General Corporate Purposes | — |
| Total | 35.11 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 50.37% |
| ROCE | 31.94% |
| Debt/Equity | 0.89 |
| RoNW | 50.37% |
| PAT Margin | 5.38% |
| EBITDA Margin | 8.32% |
| NAV | 76.80 |
| Price to Book Value | 4.44 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 30.90 | 22.25 |
| P/E (x) | 11.04 | 15.33 |
| Market Cap at Offer Price | ₹127.40 Cr. | ₹176.94 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 100% | 72% |
| Public | — | 28.00% |
| Total | 100% | 100% |
Company Promoters: Suresh Mohanlal Gupta, Vaibhav Suresh Gupta, Saurabh Suresh Gupta and Nisha Vaibhav Gupta.
Vama Wovenfab IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Registrar
Maashitla Securities Pvt.Ltd.
011-45121795
investor.ipo@maashitla.com
IPO Lead Manager(s)
Gretex Corporate Services Ltd.
Contact Details
Vama Wovenfab Ltd. Address
1104
W 92, L T Road, Borivali (West)
Vazira Naka
Mumbai, Maharashtra , 400092
+91 89768 50365
info@vamawoven.com
Vama Wovenfab IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
SME IPO: Vama Wovenfab issue to open on Sep 15; sets price band at Rs 324-341/ share
economictimes.com · 11 Sept 2026
Vama Wovenfab IPO Opens Sep 15: Price Band Rs 324-341
Rediff MoneyWiz · 11 Sept 2026
Vama Wovenfab IPO Opens on September 15 at Rs 324 - Rs 341; Issue Size Up to Rs 49.54 Crore
Dalal Street Investment Journal · 11 Sept 2026
Vama Wovenfab IPO Date, Price Band, GMP, Subscription & Allotment
IndiaIPO · 11 Sept 2026
Vama Wovenfab Ltd IPO Date: Check Issue Date, Price, Lot size, Subscription, News and Details - Moneycontrol
Moneycontrol.com · 10 Sept 2026
Vama Wovenfab IPO GMP, Price, Allotment, Profit Estimate 2026
IPO Central · 10 Sept 2026
Vama Wovenfab IPO DRHP: ₹35.11 crore fresh issue; revenue hits ₹214.62 crore
scanx.trade · 10 Sept 2026
Vama Wovenfab IPO 2026: Review and Key Details
Univest · 10 Sept 2026
