Vandan Foods IPO Allotment Status: Check Latest GMP, Steps to Verify Status
The bidding window for Vandan Foods Ltd IPO closed on July 2, 2025. The allotment process is expected to be finalised today, on July 3, 2025, and the company's shares are tentatively set to be listed on BSE on Monday, July 7, 2025.
Know the procedure to check the allotment status on the BSE website.
Steps to Check Vandan Foods IPO Allotment Status on BSE
Here is the process to check Vandan Foods Ltd IPO Allotment Status on BSE
- Open the Application Status page of BSE here.
- Choose 'equity' as the issue type.
- Select 'Vandan Foods Ltd’ from the list of companies.
- Enter your IPO application number and PAN details.
- Verify the captcha by clicking on the 'I am not a Robot' box.
- Click on the submit button to check the details of the share allotment.
Vandan Foods Ltd IPO Details
Vandan Foods Ltd IPO is a fixed price of ₹30.36 crores. The issue is entirely a fresh issue of 26.40 lakh shares. Investors can apply with a minimum lot size of 1200 and a minimum investment of ₹1,38,000. The issue price band is set at ₹115 per share.
Nirbhay Capital Services Private Limited is the book-running lead manager of the Vandan Foods IPO, while Bigshare Services Pvt Ltd is the registrar. Aftertrade Broking Pvt Ltd is the market maker for the Vandan Foods IPO.
Vandan Foods IPO Day 3 Subscription Status
(July 2, 2025, 5 PM)
On Day 3, the Vandan Foods IPO was subscribed 1.75 times. The public issue was subscribed 3.09 times in the retail category, [.] times in QIB, and 0.41 times in the NII category.
Utilization of IPO Proceeds
The company will utilise the net proceeds from the issue towards the following objects:
- Funding Capital Expenditure for the expansion of the Retail Network by launching 15 new Exclusive Brand Outlets (EBOs).
- Funding the working capital requirements of the Company.
- Funding Capital Expenditure for the purchase of Multi-Purpose Racks.
- General Corporate Expenses.
Vandan Foods Ltd Business Overview
Vandan Foods Ltd operates a B2B manufacturing and supply model focused on castor derivatives—primarily Refined First‑Stage Grade (F.S.G.) Castor Oil and Castor De‑Oiled Cake (DOC), which are used across industries like lubricants, pharmaceuticals, cosmetics, printing inks, and agriculture. It serves a broad geographic footprint, including Gujarat, Delhi, Haryana, Andhra Pradesh, Bihar, Rajasthan, and Telangana. It has also seen a rapid revenue growth, scaling from ₹11.59 Cr in FY 2023 to ₹48.73 Cr in FY 2024.
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