Subscription & GMP
Subscription is live from NSE + BSE bid data. GMP is an unofficial market indicator.
Snapshot & Timeline
Verified against RHP, cross-checked on NSE & BSE.
| Issue Structure | |
|---|---|
| Type | SME · Book Built |
| Face Value | ₹10 |
| Fresh Issue | ₹49.54 Cr (100% fresh) |
| Offer for Sale | None |
| Market Cap | ≈ ₹176.94 Cr |
| Reservation & Parties | |
|---|---|
| QIB (incl. anchor) | 0.99% |
| NII / HNI | 19% |
| Retail | 75% |
| Lead Managers | Gretex Corporate Services |
| Registrar | Maashitla Securities |
FY25–FY26 Trend (₹ Cr)
Restated consolidated figures from the RHP.
| Metric | FY25 | FY26 | YoY |
|---|---|---|---|
| Total Income | 77.76 | 214.62 | +176% |
| PAT (FY26 approx.) | — | ≈11.5 | — |
Is the price fair?
From the RHP "Basis for Issue Price". Price (P/E) beside quality (ROE).
| Company | P/E | ROE | Net Margin |
|---|---|---|---|
| Vama Wovenfab | 15.3x | 50.37% | 5.38% |
Who runs it & where the money goes
| Promoters | |
|---|---|
| Promoters | Suresh Mohanlal Gupta, Vaibhav Suresh Gupta, Saurabh Suresh Gupta, Nisha Vaibhav Gupta |
| Pre-issue | 100% |
| Post-issue | 72% |
| Objects of Issue | |
|---|---|
| Capex — construction of shed | — |
| Capex — purchase of machinery | — |
| Working capital requirement | — |
| General corporate purposes | Balance |
Strengths & Risks
The part most sites skip — both sides, from the RHP.
- Strong revenue growth — income ₹77.8 → ₹214.6 Cr (FY25→FY26).
- All-fresh, capacity-led issue — ₹49.54 Cr funds a new shed, machinery and working capital.
- Long operating history (since 2011), ISO 9001:2015 certified, diversified B2B end-markets (agri, food, chemicals, fertilizers, sugar, cement).
- Broad product range — PP/HDPE woven bags & fabrics, BOPP, trampoline sheets, loop-handle bags; uses recycled granules.
- High headline returns (ROE ~50%, ROCE ~32%) — though leverage-flattered.
- Wafer-thin margins — PAT margin ~5.4%; a commodity-like woven-packaging market exposed to resin (crude-derivative) input costs.
- Moderate-high debt — debt/equity ~0.89; the ~50% ROE is flattered by leverage, not a clean return.
- Full pricing — ~15.3x post-issue P/E is not cheap for a thin-margin commodity packager.
- Thin, lightly-quoted grey market (~₹30) and still-building demand (~0.51× overall by Day 2) on a large ~₹2.73 lakh SME ticket.
- Single-location manufacturing (Nani Daman); new listing with limited history; confirm full FY24–FY26 financials in the RHP.
Did the signal hold up? Updates after Sep 22
We close the loop — issue vs listing price, listing-day gain, and whether the call was right.
Vama Wovenfab IPO FAQs
Common questions about the Vama Wovenfab IPO — GMP, price, dates, allotment and more.
What is Vama Wovenfab IPO GMP today?
As of the latest update (Subscription: Sep 16, 05:06 PM IST · GMP: Sep 16, 5:00 PM IST), the grey market premium (GMP) for Vama Wovenfab IPO is around ~₹30 (unofficial · lightly quoted), implying an estimated listing price of about ≈ ₹371. GMP is unofficial & indicative
What is Vama Wovenfab IPO price band?
The price band is ₹324 – ₹341 per share (face value ₹10).
What is Vama Wovenfab IPO lot size?
The lot size is 400 · min ₹2,72,800 per application.
When is Vama Wovenfab IPO allotment?
The tentative basis-of-allotment date is Sep 18.
When will Vama Wovenfab IPO be listed?
The tentative listing date is Sep 22, 2026 on BSE SME.
What is the expected listing price of Vama Wovenfab IPO?
Based on the current grey market premium of ~₹30 (unofficial · lightly quoted), the estimated listing price is around ≈ ₹371 — this is unofficial and not a guarantee of the actual listing price.
Should I apply for Vama Wovenfab IPO?
Our view: Neutral · May Apply
In simple terms, Vama Wovenfab makes woven plastic sacks and packaging fabric (the kind used for cement, fertilizer, sugar and grain) and trades plastic granules. Its revenue has grown fast — nearly tripling to about ₹215 crore last year — and its headline return on money looks high (~50%). But the profit it keeps is thin (about 5% of sales), typical of commodity packaging; that high return is flattered by debt (it owes about 0.9 times its net worth); and at about 15 times earnings the price is full for that profile. The whole issue is fresh money for a new shed, machinery and working capital. The grey market is thin and only lightly quoted (about ₹30), and demand is building but still under 1× (~0.51 times by Day 2, with QIB at 1.00× and NII 1.29×) on a large ~₹2.73 lakh minimum ticket. On balance the thin margins, leverage and full price make this a cautious 'may apply' at best — reasonable to wait for real demand and a clearer grey-market signal over the remaining bidding day. (Confirm full FY24–FY26 financials in the RHP.) This is IPOSignal's research view, not investment advice.
What is Vama Wovenfab IPO subscription status?
As of Day 2 · Sep 16, 05:06 PM IST — latest available (closes Sep 17), the issue was subscribed 0.5× overall — NII / HNI 1.3×, QIB 1×, Individual 0.3×.
Who is the registrar of Vama Wovenfab IPO?
The registrar is Maashitla Securities; the lead manager(s): Gretex Corporate Services.