Vandan Meals iPo: The IPO of Vandan Meals has been opened for subscription lately. This IPO of ₹ 30.36 crore has won 0.18 instances subscription through 2:14 pm at the first day of bidding, with bids for 4,52,400 stocks in opposition to 25,08,001 stocks introduced. 36% within the class of retail buyers, whilst 0.2% subscription has been won within the class of non-institutional buyers.
Whole data of Vandan Meals IPO
This IPO of ₹ 30.36 crore is a recent factor of 26.40 lakh stocks totally. This IPO value band has been fastened at ₹ 115 in keeping with percentage. The minimal lot of lot dimension for utility is 1,200 stocks. Retail buyers would require a minimal funding of ₹ 1,38,000 to use for IPO. This IPO will also be subscribed from June 30 to July 2. The allotment of stocks of Vandan Meals IPO shall be fastened on 3 July. On the identical time, inventory marketplace checklist of stocks shall be on BSE SME platform on 7 July.
Nirbhay Capital Services and products Non-public Restricted Vandan Meals is the book-hanging lead supervisor of IPO, whilst BigShare Services and products is Pvt Ltd Registrar of LTD. The marketplace maker for Vandan Meals IPO is Affertrade Broking Pvt Ltd.
What does the corporate do and the way is the monetary scenario
The Vandan Meals, established in 2015, produces subtle castor oil and castor oil desserts, which paintings in each B2B and B2C fashions. The corporate works as each B2B and B2C fashions. The corporate provides its merchandise in Gujarat, Haryana, Andhra Pradesh, Delhi, Bihar, Rajasthan and Telangana. Its production devices are situated in Dhinoj Patan, Gujarat.
Its income was once ₹ 72.66 crore for 9 months ended December 2024 and Web Benefit ₹ 4.54 crore. Tell us that Vandan Meals are the use of the cash raised from their IPO for loans, capes and different company bills.
How a lot is the GMP of Vandan Meals IPO?
Consistent with IPO marketplace observers, Vandan Meals IPO’s grey marketplace top rate was once 17.39%, indicating a fantastic checklist beneficial properties for buyers.