Vama Wovenfab Limited IPO
VAMAWOVEN · BSE · SME · Pesticides & Agrochemicals
Overview
Updated 12 days agoVama Wovenfab Limited is an ISO 9001:2015 certified manufacturer of polypropylene (PP) and high-density polyethylene (HDPE) woven bags and fabrics. The company offers customized bulk packaging solutions to B2B clients across various industries including agriculture, cement, and food processing.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 400 | ₹1,36,400 |
| bNII (min) | 8 | 3,200 | ₹10,91,200 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 31 Oct, 16:42 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE |
| Segment | SME |
| Sector | Pesticides & Agrochemicals |
| Price band | ₹324–341 |
| Final issue price | ₹341.00 |
| Face value | ₹10 per share |
| Lot size | 400 shares |
| Minimum investment | ₹1,36,400 |
| Issue size | ₹50.00 Cr |
| Market cap at upper band | ₹177 Cr |
| P/E at upper band | 11.0x |
| Registrar | MAASHITLA SECURITIES PRIVATE LIMITED |
| Lead managers | Gretex Corporate Services Limited |
| NSE symbol | VAMAWOVEN |
| ISIN | INE1G7R01010 |
Shareholder quota and promoter holding
Company & business
Vama Wovenfab Limited, incorporated in 2011, is a manufacturer of woven packaging products, including PP and HDPE woven sacks, fabrics, and tarpaulins. The company operates a manufacturing facility in Daman and serves a diverse range of industries such as agriculture, fertilizers, cement, chemicals, and food processing. The company's product portfolio includes customized bulk packaging solutions, and it also engages in the trading of plastic granules. The company is led by its promoters, Mr. Suresh Mohanlal Gupta, Mr. Vaibhav Suresh Gupta, Mr. Saurabh Suresh Gupta, and Mrs. Nisha Vaibhav Gupta, who have significant experience in the plastic industry.
Objects of the issue — how the money will be used
- Capital Expenditure towards Construction of shed (₹1.36 Cr)
- Capital Expenditure towards purchase of Machinery (₹7.25 Cr)
- To Meet Working Capital Requirements (₹26.5 Cr)
- General Corporate Purposes
Key strengths
- ISO 9001:2015 certified manufacturing processes
- Strong long-term customer relationships
- Experienced promoter group with over 3 decades of industry experience
- Diverse product portfolio catering to multiple industries
- Strategic location with access to transportation hubs
Key risks
- High customer concentration risk with a limited number of buyers
- Absence of long-term agreements with customers
- Dependence on volatile raw material prices (PP and HDPE granules)
- Geographical concentration of operations in Daman
- Significant working capital requirements
- Involvement in certain legal proceedings
- Lack of experience of directors in listed companies
Promoters
Mr. Suresh Mohanlal Gupta, Mr. Vaibhav Suresh Gupta, Mr. Saurabh Suresh Gupta, Mrs. Nisha Vaibhav Gupta
Decoded from the RHP with AI on 01-Nov-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 27.87 | -- | 2.63 | 37.14 | 9.05 | 11.05 |
| FY25 | 77.45 | -- | 6.84 | 67.47 | 17.15 | 16.63 |
| FY26 | 214.62 | -- | 11.55 | 74.18 | 28.69 | 25.44 |
Key performance indicators · FY26
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| Vama Wovenfab Limited this issue | 214.6 | 30.90 | 11.0x | 50.37 | 76.80 |
| Aeroflex Neu Ltd | 101.3 | 0.45 | 183.2 | 39.08 | 10.00 |
| Kahan Packaging Limited | 30.4 | 4.30 | 4.5 | 40.54 | 10.00 |
This issue is priced at 11.0x P/E against a peer median of 93.9x: a discount of 88%. A measurement, not a verdict.
Other Pesticides & Agrochemicals IPOs
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Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.