Vinod Texworld IPO
Updated 11 Sept 2026, 5:03 pm.
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.
| Observed | GMP | Est. 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.
Offer documents & links
Subscription by category
As of 11 Sept 2026, 5:29 am.
Total subscription
0.94x
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 Date | 9 to 11 Sep, 2026 |
|---|---|
| Listing Date | Thu, Sep 17, 2026 T |
| Face Value | ₹ 10 per share |
| Issue Price | ₹94 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 45,56,400 shares (agg. up to ₹ 43 Cr) |
|---|---|
| Reserved for Market Maker | 2,28,000 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 Public | 43,28,400 shares (agg. up to ₹ 41 Cr) |
| Share Holding Pre Issue | 1,16,01,200 shares |
| Share Holding Post Issue | 1,61,57,600 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 Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) | 21,64,800 | 50.01% | 47.51% |
| Retail | 21,63,600 | 49.99% | 47.48% |
| Firm Reservations | |||
| Market Maker | 2,28,000 | — | 5.00% |
| Total | 45,56,400 | 100.00% | 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
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,25,600 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,25,600 |
| HNI (Min) | 3 | 3600 | ₹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 Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 181.50 | 177.68 | 154.28 |
| Total Income | 342.96 | 335.74 | 271.65 |
| Profit After Tax | 10.41 | 9.23 | 5.49 |
| EBITDA | 22.83 | 20.96 | 12.30 |
| NET Worth | 42.81 | 32.40 | 23.16 |
| Reserves and Surplus | 31.20 | 20.80 | 11.56 |
| Total Borrowing | 70.48 | 66.28 | 47.01 |
| 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.
Recently Listed IPOs in Other Textile Products
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Ashutosh Fibre Ltd. | SME | ₹56.35 Cr | ₹92 | 9.03 | ₹147.00 | +59.78% | ₹156.70 |
| Fascinate Textiles Ltd. | SME | ₹64.83 Cr | ₹151 | 10.33 | ₹114.80 | -23.97% | ₹55.90 |
| Shreedhar Spinners Ltd. | SME | ₹30.68 Cr | ₹53 | 13.44 | ₹57.10 | +7.74% | ₹129.35 |
| Harikanta Overseas Ltd. | SME | ₹24.30 Cr | ₹91 | 14.66 | ₹75.77 | -16.74% | ₹67.00 |
| Yajur Fibres Ltd. | SME | ₹120.41 Cr | ₹174 | 23.49 | ₹132.25 | -23.99% | ₹39.00 |
| K K Silk Mills Ltd. | SME | ₹28.50 Cr | ₹38 | 12.12 | ₹30.40 | -20.00% | ₹9.95 |
| Game Changers Texfab Ltd. | SME | ₹54.84 Cr | ₹102 | 10.58 | ₹109.35 | +7.21% | ₹112.00 |
| Sihora Industries Ltd. | SME | ₹10.56 Cr | ₹66 | 13.14 | ₹66.50 | +0.76% | ₹58.51 |
| Siddhi Cotspin Ltd. | SME | ₹69.85 Cr | ₹108 | 16.06 | ₹82.10 | -23.98% | ₹26.50 |
| Alpine Texworld Ltd. | Mainboard | ₹126.25 Cr | ₹105 | 12.68 | ₹99.75 | -5.00% | ₹58.22 |
| Kusumgar Ltd. | Mainboard | ₹650.00 Cr | ₹419 | 44.8 | ₹602.80 | +43.87% | ₹566.00 |
| Aastha Spintex Ltd. | Mainboard | ₹170.00 Cr | ₹136 | 18.78 | ₹136.49 | +0.36% | ₹79.29 |
| Shree Ram Twistex Ltd. | Mainboard | ₹110.24 Cr | ₹104 | 38.21 | ₹71.40 | -31.35% | ₹37.39 |
View More »
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of Existing Plant | 6.39 |
| 2 | Repayment of loan | 7.15 |
| 3 | To Meet Working Capital Requirement | 20.35 |
| 4 | General Corporate Purposes | 5.97 |
| 5 | Issue Expenses | 2.97 |
| Total | 42.83 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 24.31% | 28.50% |
| ROCE | 31.80% | 34.99% |
| Debt/Equity | 1.65 | 2.05 |
| RoNW | 24.31% | 28.50% |
| PAT Margin | 3.04% | 2.75% |
| EBITDA Margin | 6.66% | 6.25% |
| NAV | 36.90 | 27.93 |
| Price to Book Value | 2.55 | 3.37 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.97 | 6.44 |
| P/E (x) | 10.48 | 14.6 |
| 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
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 93.1% | 66.85% |
| Public | 6.90% | 33.15% |
| Total | 100% | 100% |
Company Promoters: Harsh Vinod Mittal, Yash Vinod Mittal and Sweta Yash Mittal.
Vinod Texworld IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.50 |
| 2 | Underwriting Commission | 2.14 |
| 3 | Fees Payable to Registrar to the Issue | 0.01 |
| 4 | Fees Payable for Advertising and Publishing Expenses | 0.04 |
| 5 | Fees Payable to Regulators including Stock Exchanges | 0.06 |
| 6 | Payment for Printing & Stationery, Postage, etc | 0.02 |
| 7 | Fees Payable to Auditor, Legal Advisors, Monitoring Agency and other Professionals | 0.16 |
| 8 | Market Maker | 0.04 |
| 9 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees* and Miscellaneous Expenses | 0.00 |
| Total | 2.97 |
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
Vinod Texworld IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
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scanx.trade · 11 Sept 2026
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