Vinod Texworld IPO

The Vinod Texworld SME IPO opens for subscription on 9 Sept 2026 and closes on 11 Sept 2026, offered at an issue price of ₹94 per share, and is set to list on NSE. In total, the issue aims to mobilise ₹42.83 crore. Retail investors bid in lots of 1200 shares, a minimum application of ₹2,25,600.

Issue structure

The IPO is structured entirely as a fresh issue of ₹40.7 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 requirement (₹20.35 crore), alongside repayment of loan (₹7.15 crore). In all, 5 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Vinod Texworld reported revenue of ₹342.96 crore and a net profit of ₹10.41 crore. Revenue grew from ₹271.65 crore in FY2024 to ₹342.96 crore in FY2026 (+26.0%). Net worth stood at ₹42.81 crore at the end of FY2026. At the upper band, that puts the issue at roughly 10.5× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 14.6× post-issue earnings and 2.55× book value, against a return on net worth of 24.31% and a debt-to-equity ratio of 1.65. These ratios come from the offer document and are for comparison, not a recommendation.

Peer comparison

The offer document names listed peers including Borana Weaves Ltd and Jakharia Fabric Limited, with a median peer P/E of about 17.3×. The issue's own post-issue P/E works out to 14.6×.

Promoters

The promoters of the company are <p>Harsh Vinod Mittal, Yash Vinod Mittal, Sweta Yash Mittal</p>. Promoter holding stands at 93.1% before the issue and comes down to 66.84% after listing.

Grey market premium (GMP)

In the unofficial grey market, Vinod Texworld shares are quoted at a premium of ₹1 implying an expected listing around ₹95, about +1.1% 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.

Subscription

The Vinod Texworld IPO was subscribed 1.6 times overall. The strongest demand came from retail investors at 2.91 times, with non-institutional investors (NII) at 0.3×.

Listing performance

Vinod Texworld listed on 17 Sept 2026 at ₹94, a premium of +0.0% over the issue price of ₹94.

What to weigh

When evaluating the Vinod Texworld IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories 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 Vinod Texworld

Incorporated in 2012, Vinod Texworld Limited is an integrated textile company specialising in the manufacturing, processing, and supplying of a diverse range of textile products to both domestic and international markets. The company's core operations centre on the essential processes of dyeing and printing greige fabric, which is subsequently marketed and sold. The company manages the entire production lifecycle, ensuring quality control and rapid adaptation to evolving market demands, from sourcing Greige Fabric to the final production of Dyed and Printed fabrics. The product range is versatile, covering multiple fabric types: Cotton fabrics, Polyester fabrics and Blended fabrics Vinod Texworld Limited operates a dedicated manufacturing facility situated on an owned land area of approximately 5,949 square meters. The facility has an aggregate installed capacity of around 22,500,000 Meters/annum . The company maintains a strong domestic network across various Indian states, including Gujarat, Punjab, Haryana, Delhi, Rajasthan, Uttar Pradesh, and West Bengal. The company employed a total of 103 employees as of August 31, 2025.