Last Updated:July 02, 2025, 13:36 IST
The grey market premium or GMP of the Vandan Foods IPO has declined to zero, indicating flat or negative listing. Check its subscription status on the final day of bidding today.
Vandan Foods IPO: Check subscription status, GMP, allotment date and listing date.
Vandan Foods IPO GMP Today: The initial public offering of Vandan Foods is going to be closed today, Wednesday, July 2. The BSE SME IPO aims to raise Rs 30.36 crore, to be used for debt repayment, capex and other corporate expenditures. Till 12:59 pm on the final day of bidding on Wednesday, the issue received a 1.47 times subscription, garnering bids for 36,76,800 shares as against the 25,08,001 shares on offer.
The retail and NII participation stood at 2.57x and 0.37x, respectively.
Vandan Foods, founded in 2015, manufactures refined castor oil and castor oil cake, operating in both B2B and B2C models with a supply footprint across multiple Indian states.
Vandan Foods IPO GMP Today
According to market observers, the grey market premium of the Vandan Foods IPO has declined to zero, indicating flat or negative listing.
The GMP was recorded at 21.74% on the previous day on Tuesday.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Vandan Foods IPO Allotment And Listing Dates
The basis of allotment of the Vandan Foods IPO will be finalised on July 3.
Its stock market listing will take place on July 7, on the BSE’s SME platform.
Vandan Foods IPO Price And Lot Size
The price of the IPO has been fixed at Rs 115 apiece.
Its minimum lot size is 1,200. It means investors will have to apply for a minimum of 1,200 shares or in multiple thereof.
Retail investors require a minimum capital of Rs 1,38,000 to apply for the IPO.
Vandan Foods IPO: Other Info
The IPO, which is a fixed price of Rs 30.36 crore, is entirely a fresh issue of 26.40 lakh shares.
Its IPO price is fixed at Rs 115 per share. The minimum lot size for an application is 1,200.
Nirbhay Capital Services Private Limited is the book-running lead manager of the Vandan Foods IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Vandan Foods IPO is Aftertrade Broking Pvt Ltd.
Its revenue and net profit for the nine months ended December 2024 stood at Rs 72.66 crore and 4.54 crore, respectively.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More
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