SME
IPO ·
BSE SME
Vama Wovenfab Ltd
Listed
Daman maker of PP/HDPE woven sacks and fabric packaging that also trades plastic granules.
Issue details
Price band
₹324 – ₹341
Face value
₹10
Lot size
400 shares
Minimum investment
₹2,72,800
Issue size
₹49.54 Cr
Fresh issue
₹49.54 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
15 Sep 2026
Closes
17 Sep 2026
UPI mandate cut-off
5:00 PM on 17 Sep 2026
Allotment
18 Sep 2026
Refunds
21 Sep 2026
Shares in demat
21 Sep 2026
Listing
22 Sep 2026
Subscription and listing
Subscription
2.48x
Listing price
₹341
Registrar
Maashitla Securities Pvt Ltd
Lead manager
Gretex Corporate Services Ltd
Subscription by category
Total
2.48x
Total applications
4,004
Listing day
Issue price
₹341
Open
₹341.00
High
₹341.00
Low
₹323.95
Day close
₹323.95
Listing gain at open
0.00%
Issue structure
Shares reserved per category and share of the total issue
QIB
14,400
0.99%
NII
2,76,000
19.00%
bNII > ₹10L
1,83,600
12.64%
sNII < ₹10L
92,400
6.36%
Retail
10,89,600
75.00%
Market Maker
72,800
5.01%
Total
14,52,800
100.00%
Finaccle’s quick read
Neutral
Income rose from ₹27.87 Cr to ₹214.62 Cr and PAT from ₹2.63 Cr to ₹11.55 Cr in two years, with ROE of 50% and D/E of 0.89. The jump is on a small base and the PAT margin is only 5.4%.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Vama Wovenfab makes PP and HDPE woven sacks and fabric packaging at a plant in Nani Daman and also trades plastic granules. Its registered office is in Mumbai, and it supplies industrial buyers that need bulk packaging. It had 94 employees and FY26 income of about ₹215 Cr.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
50.37%
ROCE
31.94%
Debt / equity
0.89
PAT margin
5.38%
P/E post issue
15.33
Market cap
₹176.94 Cr
Use of IPO money
Construction of shed
₹1.36 Cr
Purchase of machinery
₹7.25 Cr
Working capital
₹26.50 Cr
General corporate purposes
₹7.00 Cr
Issue expenses
₹7.43 Cr
Strengths
✓
Fully fresh issue with no OFS
✓
ROE of 50% and ROCE of 32% in FY26
✓
Own manufacturing plant running since 2013
✓
Debt/equity below 1 at 0.89
Risks to watch
!
Income grew nearly 8x in two years, on a small base
!
Thin PAT margin of 5.38%
!
Part of revenue comes from low-margin granule trading
!
Most of the proceeds go to working capital
!
Small company: net worth only ₹28.69 Cr
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.