Summary
The Vama Wovenfab IPO is an SME book-build IPO, scheduled to open on 15 September 2026 and close on 17 September 2026.
The price band is fixed at ₹324 to ₹341 per share, with a minimum application of 2 lots (800 shares).
The IPO shares are proposed to be listed on the BSE on 22 September 2026.
The Vama Wovenfab IPO is a book-building SME public issue that opens for subscription on 15 September 2026 and closes on 17 September 2026. The company plans to raise around ₹50 crore through a fresh issue of 14,52,800 equity shares. The IPO price band is fixed at ₹324 to ₹341 per share, while the lot size is 400 shares. Retail investors need to apply for at least 2 lots, or 800 shares, requiring an investment of ₹2,72,800 at the upper price band. The shares are proposed to be listed on the BSE SME platform on 22 September 2026.
Vama Wovenfab IPO Key Details
The table below presents the essential details investors should know before applying for the Vama Wovenfab IPO.
| IPO Open Date | 15 September 2026 |
| Close Date | 17 September 2026 |
| Face value | ₹10 per share |
| Price Band | ₹324 to ₹341 per share |
| IPO Lot Size | 400 shares |
| Fresh issue | 14,52,800 shares |
| Offer for Sale | _ |
| Type of issue | Book-building SME |
| Listing at | BSE SME |
| Total Issue Size (₹ Crore) | ₹50 crore |
| Minimum Investment | 2 lots (800 shares) |
Vama Wovenfab IPO Timeline
Below is the complete schedule of events for the Vama Wovenfab IPO.
| Bid Opening | 15 September 2026 |
| Bid Closing | 17 September 2026 |
| Tentative Allotment | 18 September 2026 |
| Initiation of Refunds | 21 September 2026 |
| Credit of Shares to Demat | 21 September 2026 |
| Tentative Listing Date | 22 September 2026 |
| UPI mandate closing date | 17 September 2026 |
Key Performance Indicators of Vama Wovenfab IPO
These financial ratios highlight the company’s profitability, capital efficiency, and overall financial performance over the past three financial years.
| 31-03-2026 | 31-03-2025 | 31-03-2024 | |
| ROE (%) | 50.37 | 52.20 | 34.00 |
| ROCE (%) | 31.94 | 28.83 | 22.44 |
| Debt Equity (in times) | 0.89 | 0.99 | 1.23 |
| RoNW (%) | 50.37 | 52.20 | 34.00 |
| PAT Margin (%) | 5.38 | 8.83 | 9.44 |
| EBITDA margin (%) | 8.32 | 13.38 | 18.32 |
| Price to book | 4.44 |
Vama Wovenfab IPO Financial Details
The Financial information of the Vama Wovenfab IPO is as follows.
| FY 2025-2026 | FY 2024-2025 | FY 2023-2024 | |
| Revenue | 214.61 | 77.44 | 27.86 |
| Total Asset | 74.17 | 67.47 | 37.14 |
| Profit | 11.54 | 6.83 | 2.62 |
Vama Wovenfab IPO Subscription Status
The Vama Wovenfab IPO share subscriptions are given below.
| Date | QIB (Ex Anchor) | NII* | Individual Investors | Total |
|---|---|---|---|---|
| Sep 15 (Day 1) | 0.00 | 0.01 | 0.01 | 0.01 |
| Sep 16 (Day 2) | 1.00 | 1.02 | 0.30 | 0.45 |
| Sep 17 (Day 3) | 1.00 | 1.73 | 1.65 | 1.66 |
Vama Wovenfab IPO Grey Market Premium (GMP)
The current status of the Grey Market Premium for the Vama Wovenfab IPO shows a GMP of ₹10 with an estimated listing price of ₹351.
| GMP Date | GMP | Est. Listing Price (cap price + GMP) | Est. Profit* | Last Updated |
|---|---|---|---|---|
| 17-09-2026 Close | ₹3 ▼ | ₹344 (0.88%) | ₹1,200 | 17-Sep-2026 10:53 |
| 16-09-2026 | ₹70 ▲ | ₹411 (20.53%) | ₹28,000 | 16-Sep-2026 23:30 |
| 15-09-2026 Open | ₹30 ▲ | ₹371 (8.80%) | ₹12,000 | 15-Sep-2026 23:28 |
| 14-09-2026 | ₹10 ▲ | ₹351 (2.93%) | ₹4,000 | 14-Sep-2026 23:35 |
| 13-09-2026 | ₹0 ─ | ₹341 (0.00%) | ₹0 | 13-Sep-2026 23:31 |
| 12-09-2026 | ₹0 ─ | ₹341 (0.00%) | ₹0 | 12-Sep-2026 23:35 |
| 11-09-2026 | ₹0 ─ | ₹341 (0.00%) | ₹0 | 11-Sep-2026 23:37 |
| 10-09-2026 | ₹0 ─ | ₹341 (0.00%) | ₹0 | 10-Sep-2026 23:29 |
GMP is the premium value of the IPO share in the unofficial market before it lists.
Vama Wovenfab IPO Reservation
The following table shows the distribution of shares reserved for retail investors, QIBs, and NIIs under the IPO.
| Investor Category | Offered No. of Shares | Net issue (%) | Total issue(%) |
| Market maker | 72,800 | 5.01 | |
| QIBs | 14,400 | 1.04 | 0.99 |
| NIIs | 2,76,000 | 20.00 | 19.00 |
| Retails | 10,89,000 | 78.96 | 75.00 |
| Total | 14,52,800 | 100% | 100% |
Vama Wovenfab IPO Lot Sizes
Refer to the minimum and maximum investment requirements for each investor category as per the prescribed lot size.
| Application | Lot | Shares | Amount in ₹ |
| Individual Investor IND (Min) | 2 | 800 | 2,72,800 |
| Individual Investor IND (Max) | 2 | 800 | 2,72,800 |
| S-HNI (Min) | 3 | 1,200 | 4,09,200 |
| S-HNI (Max) | 7 | 2,800 | 9,54,800 |
| B-HNI (Min) | 8 | 3,200 | 10,91,200 |
Vama Wovenfab IPO Prospectus
Investors can access the offered prospectus for the Vama Wovenfab IPO mentioned below.
About Vama Wovenfab Ltd.
Vama Wovenfab Limited is an ISO 9001:2015-certified manufacturer of polypropylene (PP) and high-density polyethene (HDPE) woven sack bags and fabric-based products. Its product range includes HDPE trampoline sheets, coloured woven fabric sheets and loop-handle bags, which are manufactured in different sizes, weights and colours based on customer requirements. The company primarily caters to institutional and bulk customers across industries such as food products, agro-pesticides, construction chemicals, paper, rope, packaging, FMCG and fertilisers.
Promoters:
- Suresh Mohanlal Gupta
- Vaibhav Suresh Gupta
- Saurabh Suresh Gupta
- Nisha Vaibhav Gupta
| Book Runner | Gretex Corporate Services Ltd. |
| Issue Registrar | Maashitla Securities Pvt. Ltd. |
Purpose of Vama Wovenfab IPO
The company intends to deploy the funds raised through this public issue toward specific operational and strategic goals, as detailed in the table below.
| Particulars | Amount in ₹ Crores |
| Working capital expenditure | 26.50 |
| Capital expenditure for construction of shed | 1.36 |
| Capital expenditure for purchase of machinery | 7.24 |
| General Corporate Purposes | _ |
| Total | _ |
Vama Wovenfab Ltd.- Strengths and benefits
- Customer-focused manufacturing: Vama Wovenfab manufactures products according to customer specifications and focuses on understanding different customer requirements.
- Planned and timely deliveries: The company follows planned production and dispatch schedules, helping it maintain timely delivery to customers.
- Focus on product improvement: The company continues to work on improving its products and manufacturing processes to meet changing customer requirements.
Vama Wovenfab Ltd- Risks and limitations
- High customer concentration: Vama Wovenfab depends heavily on a limited number of bulk buyers. Its top 10 customers contributed 96.84% of total revenue in FY2026, compared with 94.86% in FY2025 and 92.57% in FY2024. This makes the company vulnerable to order reductions, customer loss and pricing pressure.
- Raw material price volatility: PP and HDPE granules are key raw materials for the business. Changes in crude oil prices, feedstock costs and supply conditions can increase production costs and put pressure on margins.
- Working-capital requirement: The company requires a substantial amount of working capital, with a significant portion utilised in trade receivables and inventories. Any delay in collecting receivables or managing inventory could affect liquidity.
Vama Wovenfab IPO Review
The Vama Wovenfab IPO is a book-built SME issue of 14,52,800 equity shares, aggregating to around ₹50 crore. The IPO is open for subscription from 15 September 2026 to 17 September 2026, with the price band fixed at ₹324 to ₹341 per share. The lot size is 400 shares, and retail investors need to apply for a minimum of 2 lots, or 800 shares, requiring an investment of ₹2,72,800 at the upper price band. The shares are proposed to be listed on the BSE SME platform on 22 September 2026.
The company is reporting a GMP price of ₹10, as of 15 September. This indicates an estimated listing price of around ₹351 per share. However, investors should consider both the company’s recent growth and the risks highlighted in the RHP rather than relying only on revenue growth or the IPO’s GMP.
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Vama Wovenfab IPO FAQs
The Vama Wovenfab IPO is a book-building SME IPO comprising a fresh issue of 14,52,800 equity shares. The total issue size is around ₹50 crore.
Investors can apply through their registered broker using the applicable IPO application facility. Retail investors need to apply for a minimum of 2 lots, or 800 shares.
The IPO has positive factors such as strong revenue growth, established customer relationships and planned capacity expansion. However, customer concentration, declining margins, raw-material price volatility and negative operating cash flows are key risks. Investors should evaluate these factors before applying.
The IPO will open for subscription on 15 September 2026 and close on 17 September 2026.
The lot size is 400 shares. Retail investors must apply for at least 2 lots, or 800 shares, which requires ₹2,72,800 at the upper price band of ₹341.
The tentative IPO allotment date is 18 September 2026. Refunds and credit of shares to demat accounts are expected on 21 September 2026.
The shares are proposed for listing on the BSE SME platform on 22 September 2026.
