The Vandan Foods IPO will open on June 30, 2025, and close on July 2, 2025. It is a Book Built Issue, aiming to raise approximately ₹30.36 crores through a fresh issue of ₹30.36 crores, along with an offer for sale of up to [.] equity shares, each having a face value of ₹10.

The IPO has been priced at ₹115 per share. The retail investor quota is set at 50%, HNI at 50%, and there is no allocation for QIB investors. The shares are scheduled to be listed on the BSE on July 7, 2025, with the allotment date fixed for July 3, 2025.

For the financial year 2024, the company recorded a revenue of ₹48.73 crores, a significant rise from ₹11.59 crores in 2023. Its profit also grew to ₹2.64 crores in 2024, up from ₹0.64 crores in the previous year. Given this financial performance, the IPO appears suitable for long-term investment.

About Vandan Foods IPO

Vandan Foods Limited, established in 2015, is an emerging company engaged in the production of Refined F.S.G. Castor Oil, Castor De Oil Cake, and related derivatives. Castor oil offers several skin benefits and is commonly used for treating skin conditions, infections, constipation, and for enhancing hair health. The company initially entered the catering industry in 2018 and later expanded into agro commodity trading in 2023. Its product range—castor oil and its derivatives—is widely utilized in cosmetics, hair oils, anti-fungal products, embalming fluids, printing inks, soaps, lubricants, greases, hydraulic fluids, dyeing agents, and textile finishing agents. Vandan Foods supplies its products across various states, including Gujarat, Haryana, Andhra Pradesh, Delhi, Bihar, Rajasthan, and Telangana. Its manufacturing unit is situated in Dhinoj Patan, Gujarat. As of December 31, 2024, the company employed 16 permanent staff members.

Objects of the Issue (JNK India IPO Objectives)

• To Meet Working Capital Requirements
• Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
• Funding the capital expenditure requirement for expansion of the Dhinoj Facility (CAPEX)
• General Corporate Purpose

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Vandan Foods IPO Company Financial Report

Vandan Foods IPO Company Financial Report