Vama Wovenfab IPO

The Vama Wovenfab SME IPO runs from 15 Sept 2026 to 17 Sept 2026, offered at a price band of ₹324–341 per share, and is set to list on BSE. The company is looking to raise ₹49.54 crore through the offer. Retail investors bid in lots of 400 shares, a minimum application of ₹2,72,800.

Issue structure

The IPO is structured entirely as a fresh issue of ₹47.06 crore, so the full proceeds flow to the company to fund its stated objects of the issue.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward to meet working capital requirements (₹26.5 crore), alongside capital expenditure towards purchase of machinery (₹7.25 crore). In all, 4 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Vama Wovenfab reported revenue of ₹214.62 crore and a net profit of ₹11.55 crore. Revenue grew from ₹27.87 crore in FY2024 to ₹214.62 crore in FY2026 (+670.0%). Net worth stood at ₹28.69 crore at the end of FY2026. At the upper band, that puts the issue at roughly 11.0× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 15.33× post-issue earnings and 4.44× book value, against a return on net worth of 50.37% and a debt-to-equity ratio of 0.89. These ratios come from the offer document and are for comparison, not a recommendation.

Peer comparison

The offer document names listed peers including Aeroflex Neu Ltd and Kahan Packaging Ltd, with a median peer P/E of about 93.9×. The issue's own post-issue P/E works out to 15.33×.

Promoters

The promoters of the company are <p>Suresh Mohanlal Gupta, Vaibhav Suresh Gupta, Saurabh Suresh Gupta, Nisha Vaibhav Gupta</p>. Promoter holding stands at 100% before the issue and comes down to 72% after listing.

Grey market premium (GMP)

In the unofficial grey market, Vama Wovenfab shares are quoted at a premium of ₹0 implying an expected listing around ₹341, about +0.0% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

What to weigh

When evaluating the Vama Wovenfab IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Vama Wovenfab

Incorporated in 2011, Vama Wovenfab Limited is engaged in the manufacturing and sale of Polypropylene (PP) and High-Density Polyethylene (HDPE) woven sack bags and fabric-based products. The product range includes HDPE trampolines, coloured woven fabric sheets, loop handle bags, and other customized woven packaging materials designed as per customer specifications. The company also trades in plastic granules. Vama Wovenfab provides customized bulk packaging solutions to B2B manufacturers across diverse industries and traders. Its manufacturing operations are supported by a well-equipped facility capable of producing woven bags, woven fabrics, and processing recycled materials to optimize resources. The company&rsquo;s manufacturing unit is located at Daman, and its sales network spans four states and two union territories across India as of the financial year 2024&ndash;25. Vama Wovenfab&rsquo;s products are used across multiple industries, including agriculture, food and beverages, cement, fertilizers, chemicals, sugar, construction, retail, and bulk packaging &amp; logistics. As of August 31, 2025, the company employs 123 personnel on its payroll.