SME
IPO ·
NSE Emerge
Vinod Texworld Ltd
Listed
Processes and trades dyed and printed cotton, polyester and blended fabrics, and does dyeing/printing job work.
Issue details
Price band
₹94
Face value
₹10
Lot size
1,200 shares
Minimum investment
₹2,25,600
Issue size
₹42.83 Cr
Fresh issue
₹42.83 Cr
Offer for sale
—
Issue type
Fixed Price
Exchange
NSE Emerge
Key dates
Opens
9 Sep 2026
Closes
11 Sep 2026
UPI mandate cut-off
5:00 PM on 11 Sep 2026
Allotment
15 Sep 2026
Refunds
16 Sep 2026
Shares in demat
16 Sep 2026
Listing
17 Sep 2026
Subscription and listing
Subscription
1.59x
Listing price
₹94
Registrar
KFin Technologies Ltd
Lead manager
Novus Capital Advisors Pvt Ltd
Subscription by category
Total
1.59x
Total applications
2,748
Listing day
Issue price
₹94
Open
₹94.00
High
₹94.00
Low
₹89.30
Day close
₹89.30
Listing gain at open
0.00%
Issue structure
Shares reserved per category and share of the total issue
NII
21,63,600
47.48%
Retail
21,64,800
47.51%
Market Maker
2,28,000
5.00%
Total
45,56,400
100.00%
Finaccle’s quick read
Avoid
Income grew only 2% in FY26 with a PAT margin of 3.04% and debt/equity of 1.65, which outweighs the 14.6x post-issue P/E.
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
Vinod Texworld, incorporated in 2012, processes and sells dyed and printed fabrics in cotton, polyester and blends, and also does dyeing, printing and finishing on a job-work basis. Almost all of its sales are domestic, with a small export share to Nepal. It has about 92 employees and reported FY26 income of about ₹343 Cr.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
24.31%
ROCE
31.80%
Debt / equity
1.65
PAT margin
3.04%
P/E post issue
14.6
Market cap
₹151.88 Cr
Use of IPO money
Expansion of existing plant
₹6.39 Cr
Repayment of loan
₹7.15 Cr
Working capital
₹20.35 Cr
General corporate purposes
₹5.97 Cr
Issue expenses
₹2.97 Cr
Strengths
✓
Entirely fresh issue
✓
ROE of 24% and ROCE of 32%
✓
Post-issue P/E of 14.6x is modest
✓
Established customer relationships in fabric processing
Risks to watch
!
High debt/equity of 1.65
!
Very thin PAT margin of about 3%
!
Income growth stalled at 2% in FY26
!
Commodity-like, competitive textile processing
!
Weak 1.59x subscription
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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.