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    Vinod Texworld IPO

    Updated 11 Sept 2026, 5:03 pm.

    Open Demat Account
    GMP disclaimer: GMP is unofficial and unregulated. It is not a recommendation or a reliable estimate of listing price or returns. Consider the RHP and your own risk assessment before applying.

    Minimum investment (Individual investors (IND))

    ₹2,25,600

    2 lots · 2,400 shares at the upper price band

    Price band

    ₹94

    Latest GMP

    ₹10.50

    +11.2% of the ₹94 upper band

    Est. listing price

    ₹114

    Issue size

    ₹40.69 Cr

    GMP history

    Each point is a recorded observation from the scheduled data sync.

    ObservedGMPEst. listing price
    11 Sept 2026, 5:03 pm₹11₹114
    11 Sept 2026, 5:01 pm₹20₹114
    11 Sept 2026, 12:50 pm₹11₹114
    11 Sept 2026, 12:49 pm₹20₹114
    11 Sept 2026, 8:05 am₹20₹114
    11 Sept 2026, 8:03 am₹20₹114
    11 Sept 2026, 7:00 am₹20₹114
    11 Sept 2026, 6:55 am₹20₹114
    11 Sept 2026, 6:50 am₹20₹114
    11 Sept 2026, 6:28 am₹20₹114
    10 Sept 2026, 6:17 pm₹18₹114
    10 Sept 2026, 5:37 pm₹19₹114
    10 Sept 2026, 5:30 pm₹20₹114
    10 Sept 2026, 5:00 pm₹18₹114
    10 Sept 2026, 4:59 pm₹20₹114
    10 Sept 2026, 12:56 pm₹20₹114
    10 Sept 2026, 12:55 pm₹20₹114
    10 Sept 2026, 11:20 am₹20₹114
    10 Sept 2026, 8:08 am₹20₹114
    10 Sept 2026, 6:13 am₹20₹114
    10 Sept 2026, 6:10 am₹20₹114
    10 Sept 2026, 6:09 am₹20₹114
    9 Sept 2026, 5:09 pm₹8₹102

    GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.

    Issue details

    Board
    SME
    Price band
    ₹94
    Issue size
    ₹40.69 Cr
    Lot size
    1,200
    Opens
    9 Sept 2026
    Closes
    11 Sept 2026
    Allotment
    15 Sept 2026
    Listing
    17 Sept 2026
    Est. listing price
    ₹114
    Listing price
    Awaited
    Listing gain
    Awaited
    Registrar
    Kfin Technologies Ltd.
    Minimum investment
    ₹2,25,600 (2 lots · 2,400 shares)
    Face value
    ₹10 per share
    Issue type
    Fixed Price IPO
    Sale type
    Fresh capital only
    Listing at
    NSE SME
    Refunds
    16 Sept 2026
    Shares credited
    16 Sept 2026
    Promoter holding
    93.1% before · 66.85% after
    Lead managers
    Novus Capital Advisors Pvt.Ltd.

    Subscription by category

    As of 11 Sept 2026, 5:29 am.

    Total subscription

    0.94x

    Non Institutional0.15×
    Retail Individual1.74×

    Full issue details

    Details as published for this issue, read 11 Sept 2026, 8:17 am. Verify against the RHP before applying.

    IPO Details

    IPO Date9 to 11 Sep, 2026
    Listing DateThu, Sep 17, 2026 T
    Face Value₹ 10 per share
    Issue Price₹94 per share
    Lot Size1,200 Shares
    Sale TypeFresh capital only
    Issue TypeFixed Price IPO
    Listing AtNSE SME
    Total Issue Size45,56,400 shares (agg. up to ₹ 43 Cr)
    Reserved for Market Maker2,28,000 shares (agg. up to ₹ 2 Cr) Giriraj Stock Broking Pvt.Ltd.
    Fresh Issue (Ex Market Maker)43,28,400 shares (agg. up to ₹ 41 Cr)
    Net Offered to Public43,28,400 shares (agg. up to ₹ 41 Cr)
    Share Holding Pre Issue1,16,01,200 shares
    Share Holding Post Issue1,61,57,600 shares

    IPO Timetable (Tentative)

    IPO Open
    Wed, Sep 9, 2026
    IPO Close
    Fri, Sep 11, 2026
    Allotment
    Tue, Sep 15, 2026
    Refund
    Wed, Sep 16, 2026
    Credit of Shares
    Wed, Sep 16, 2026
    Listing
    Thu, Sep 17, 2026

    Issue Reservation

    Investor CategoryShares% of Net Issue% of Total Issue
    NII (HNI)21,64,80050.01%47.51%
    Retail21,63,60049.99%47.48%
    Firm Reservations
    Market Maker2,28,0005.00%
    Total45,56,400100.00%100.00%

    Vinod Texworld IPO comprises a total issue size of 45,56,400 shares. The net offer to the public is 43,28,400 shares, after excluding 2,28,000 shares allotted on a firm basis. Of the Net offer 21,64,800 (50.01%) allocated to NII 21,63,600 (49.99%) allocated to RII .

    IPO Lot Size

    ApplicationLotsSharesAmount
    Individual investors (IND) (Min)22400₹2,25,600
    Individual investors (IND) (Max)22400₹2,25,600
    HNI (Min)33600₹3,38,400

    Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

    IPO Subscription Details

    About Vinod Texworld Ltd.

    Incorporated in July 2012, Vinod Texworld Limited is engaged in the manufacturing, processing, supplying and trading of textile products, with a focus on dyed and printed fabrics.The Company manufactures and sells dyed and printed fabrics, including cotton, polyester and blended fabrics. Its manufacturing process covers the conversion of greige fabric into dyed and printed fabric, enabling the Company to maintain control over product quality and respond to changing customer requirements. In addition to manufacturing, the Company is also engaged in the trading of textile products, procuring finished goods from third-party suppliers and supplying them to customers. The Company also undertakes job work assignments involving dyeing, printing and finishing of fabrics supplied by customers, which supports capacity utilization and contributes to cash flows.

    Vinod Texworld follows a customer-centric approach with a focus on innovation, research and development, technology upgradation, continuous improvement and operational efficiency. The Company has established quality control and assurance processes, including technical and manual testing of finished products and durability testing through its in-house laboratory. Its products are supplied to customers across various industries and are designed and developed based on customer specifications and requirements.

    The Company has an established domestic customer base across several states, including Gujarat, Punjab, Haryana, Delhi, Rajasthan, Uttar Pradesh and West Bengal, among others. During Fiscal 2026, the Company also exported its products to Nepal. In FY2026, domestic customers contributed approximately 99.02% of revenue from operations, while export customers accounted for approximately 0.98%. The Company has also undertaken initiatives towards the adoption of renewable energy solutions, with the objective of improving energy efficiency and reducing its carbon footprint.

    As of July 31, 2026, the Company had 92 employees on its payroll, with no employees engaged on a contract basis. Its workforce is deployed across finance and accounts, production, printing, dispatch, quality and laboratory, sales and marketing, maintenance, stores, administration and other functions. In addition to its own employees, the Company's operations also involve workers hired on a contract labour basis.

    Competitive Strengths

    Customer-centric operations.

    Renewable energy initiatives.

    Quality control and assurance mechanisms.

    Resource optimization and cost management.

    Process improvement and technology adoption.

    Experienced management and operational team.

    Established client relationships and customer retention.

    Timely order fulfilment and operational efficiency.

    Company Financials (Restated)

    Period Ended31 Mar 202631 Mar 202531 Mar 2024
    Assets181.50177.68154.28
    Total Income342.96335.74271.65
    Profit After Tax10.419.235.49
    EBITDA22.8320.9612.30
    NET Worth42.8132.4023.16
    Reserves and Surplus31.2020.8011.56
    Total Borrowing70.4866.2847.01
    Amount in ₹ Crore

    Vinod Texworld Ltd.'s revenue increased by 2% and profit after tax (PAT) rose by 13% between the financial year ending with March 31, 2026 and March 31, 2025.

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    IPO Objects of the Issue

    #Issue ObjectsEst Amt (₹ Cr.)
    1Expansion of Existing Plant6.39
    2Repayment of loan7.15
    3To Meet Working Capital Requirement20.35
    4General Corporate Purposes5.97
    5Issue Expenses2.97
    Total42.83

    The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

    Key Performance Indicator (KPI)

    KPIMar 31, 2026Mar 31, 2025
    ROE24.31%28.50%
    ROCE31.80%34.99%
    Debt/Equity1.652.05
    RoNW24.31%28.50%
    PAT Margin3.04%2.75%
    EBITDA Margin6.66%6.25%
    NAV36.9027.93
    Price to Book Value2.553.37

    Check IPO Peer Comparison here.

    IPO Valuation

    Valuation MetricPre IPOPost IPO
    EPS (₹)8.976.44
    P/E (x)10.4814.6
    Market Cap at Offer Price₹109.05 Cr.₹151.88 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

    CategoryPre IPOPost IPO
    Promoter and Promoter Group93.1%66.85%
    Public6.90%33.15%
    Total100%100%

    Company Promoters: Harsh Vinod Mittal, Yash Vinod Mittal and Sweta Yash Mittal.

    Vinod Texworld IPO Recommendations

    Review BySubscribeMay ApplyNeutralAvoid
    Brokers0000
    Members0000

    IPO Expenses

    #Issue ExpensesEst Amt (₹ Cr.)
    1Lead Manger Fees0.50
    2Underwriting Commission2.14
    3Fees Payable to Registrar to the Issue0.01
    4Fees Payable for Advertising and Publishing Expenses0.04
    5Fees Payable to Regulators including Stock Exchanges0.06
    6Payment for Printing & Stationery, Postage, etc0.02
    7Fees Payable to Auditor, Legal Advisors, Monitoring Agency and other Professionals0.16
    8Market Maker0.04
    9Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees* and Miscellaneous Expenses0.00
    Total2.97

    IPO Registrar

    Kfin Technologies Ltd.

    040-79615565

    vinodtex.ipo@kfintech.com

    IPO Lead Manager(s)

    Novus Capital Advisors Pvt.Ltd.

    Contact Details

    Vinod Texworld Ltd. Address

    185/2,

    Saijpur, Gopalpur, Opp. Shanti Process

    Piplaj Pirana Road

    Ahmedabad, Gujarat , 382405

    +91 7069030829

    ho@vinodtexworld.com