Vama Wovenfab (SME IPO)
📅 Dates: 15-17 September • 💰 Issue Size: ₹49.54 Cr.Complete guide to Vama Wovenfab SME IPO: latest Grey Market Premium (GMP), live bidding subscription status, price band, lot size, financial report, and investment analysis.
📊 Overview & Key Highlights
| Parameter | Details |
|---|---|
| Issue Type | SME IPO (BSE SME) |
| Issue Dates | 15-17 September |
| Price Band | ₹324 to ₹341 |
| Total Issue Size | ₹49.54 Cr. |
| Minimum Market Lot | 800 shares (Min. Inv: ₹2,72,800) |
| Listing Price (Debut) | ₹172.10 (-₹43.00 (-19.99%)) |
| Subscription Status | 2.67x (Final / Bidding Closed) |
| Investor Demand Rating | ⭐⭐⭐☆☆ (3/5 - Moderate Demand) |
📅 Tentative Timetable
| IPO Open Date: | September 15, 2026 |
| IPO Close Date: | September 17, 2026 |
| Basis of Allotment: | September 18, 2026 |
| Refunds: | September 21, 2026 |
| Credit to Demat Account: | September 21, 2026 |
| IPO Listing Date: | September 22, 2026 |
📈 Live Subscription Demand
| Category | Subscription Multiplier (x) |
|---|---|
| Qualified Institutional (QIB) | 1.00x |
| Non-Institutional / HNI | 2.22x |
| Retail Individual (RII) | 2.80x |
| Total Subscription | 2.67x (Updated: 07 Oct, 17:54) |
💼 Market Lot & Investment Sizing
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 800 | ₹2,72,800 |
| Retail Maximum | 2 | 800 | ₹2,72,800 |
| S-HNI Minimum | 3 | 1200 | ₹4,09,200 |
| S-HNI Maximum | 7 | 2800 | ₹9,54,800 |
| B-HNI Minimum | 8 | 3200 | ₹10,91,200 |
💰 Financial Summary
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹27.87 | ₹24.38 | ₹2.63 | ₹37.14 |
| 2025 | ₹77.76 | ₹68.84 | ₹6.84 | ₹67.47 |
| 2026 | ₹214.62 | ₹199.28 | ₹11.55 | ₹74.18 |
🎯 Investment Analysis & Verdict
📌 Business Model & Revenue Streams
Vama Wovenfab is a certified manufacturer and trader of polypropylene (PP) and high-density polyethylene (HDPE) woven sacks, fabrics, and customized bulk packaging solutions. The company generates its revenue by selling these versatile packaging products—along with plastic granules—primarily to B2B clients across diverse sectors including agriculture, food processing, chemicals, and cement.🚀 Key Strengths & Growth Drivers
• Integrated Manufacturing: Operates its own production facilities in Daman, handling the entire value chain from melting and extruding plastic granules into tapes to weaving and final bag conversion.• Diversified B2B Clientele: Serves a broad spectrum of staple industries—such as fertilizers, sugar, cement, and food processing—reducing reliance on a single end-market.
• Capacity Expansion: The IPO proceeds directly fund machinery purchases and shed construction, enabling the company to scale up its manufacturing output.
⚠️ Key Risks & Red Flags
• Working Capital Intensive: A massive chunk of the IPO proceeds (₹26.50 crores out of the total raise) is earmarked for working capital, indicating high cash lock-up in operations or inventory.• Commodity Price Volatility: The business is heavily dependent on raw plastic granules, exposing profit margins to raw material price fluctuations.
• SME Liquidity Risk: Being an SME IPO with a high lot size (800 shares / approx. ₹2.72L per lot), trading volume and secondary market liquidity may be constrained.
🎯 Retail Verdict
Given the high capital lock-in for working capital and the chunky SME lot size, this issue is best suited for aggressive investors with a high-risk appetite looking for micro-cap industrial exposure. Conservative retail investors should exercise caution and wait for post-listing stability.🏢 About Vama Wovenfab | Dates: 15-17 September | Price: ₹324 to ₹341 | Lot: 800
Since its foundation in March 2011, Vama Wovenfab has been acting as a certified manufacturer of PP and HDPE woven sack bags and fabric-based packaging products. Along with manufacturing, the firm also trades plastic granules and offers customised bulk packaging solutions to B2B customers across the agriculture, food processing, chemicals, fertilizers, sugar, and cement industries.Its product portfolio includes PP/HDPE woven bags and fabrics, BOPP bags, HDPE trampoline sheets, coloured woven fabric sheets, and loop handle bags, available in different sizes, weights, and colors. Vama operates its manufacturing facilities in Nani Daman, Daman, which involve melting and extruding plastic granules into tapes, weaving them into fabric, and converting the fabric into finished bags.
🎯 Objects of the Issue
• Capital Expenditure towards Construction of shed: ₹1.36 Cr• Capital Expenditure towards Purchase of Machinery: ₹7.25 Cr
• To meet working capital requirements: ₹26.50 Cr
• General Corporate Purposes
📬 Registrar & Allotment Information
Maashitla Securities Pvt. Ltd. Phone: 011-45121795 Email: [email protected] Website: Maashitla Securities — Registrar & Share Transfer Agent💬 Community Discussion & Views
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Disclaimer: All IPO details provided above are for educational and informational purposes only. Readers are advised to consult their financial advisors and review the Red Herring Prospectus (RHP) before investing.
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