Overview
Updated 12 days agoVinod Texworld Limited is an Ahmedabad-based textile company engaged in the manufacturing, processing, and supply of textile products, including dyed and printed fabrics. The company operates a single production facility and caters to both domestic and international markets, with a focus on cotton, polyester, and blended fabrics.
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 | 1,200 | ₹1,12,800 |
| bNII (min) | 9 | 10,800 | ₹10,15,200 |
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 | NSE |
| Segment | SME |
| Sector | Textile |
| Price band | ₹94 |
| Final issue price | ₹94.00 |
| Face value | ₹10 per share |
| Lot size | 1,200 shares |
| Minimum investment | ₹1,12,800 |
| Issue size | ₹43.00 Cr |
| Market cap at upper band | ₹152 Cr |
| P/E at upper band | 11.8x |
| Registrar | KFIN TECHNOLOGIES LIMITED |
| Lead managers | Fast Track Finsec Private Limited |
| NSE symbol | VINOD |
| ISIN | INE1A5U01014 |
Shareholder quota and promoter holding
Company & business
Vinod Texworld Limited is engaged in the business of manufacturing, processing, and supplying textile products. The company operates in India and caters to both domestic and international markets. Its core operations include dyeing and printing of greige fabric, which is subsequently marketed and sold. The company’s product portfolio includes cotton, polyester, and blended fabrics. The company is engaged in the production of fabrics for fast fashion by combining modern technology, creative design, and traditional skills. The company manages the entire process—from Greige Fabric to Dyed fabric and Printed fabric ensuring quality and the ability to quickly adapt to evolving market demands. The company's focus is on Innovation, Customer Orientation, R & D, Technology Up Gradation, Continuous Improvement and Moving towards Green Energy.
Objects of the issue — how the money will be used
- Expansion of Existing Plant (₹6.39 Cr)
- Repayment of Loan (₹6.5 Cr)
- To meet working capital requirements (₹18.5 Cr)
- General Corporate Purpose
- Issue Expenses
Key strengths
- Quality Assurance and Standards
- Experienced Management Team
- Satisfied customer with quality
- Strong business model
- Established operations and proven track record
- Focus on Sustainability, Quality, Innovation and Technology
- Sourcing, Production & Delivery
- Strong Industry Relationship
Key risks
- Heavy dependence on suppliers
- High working capital requirement
- Insufficient market reach
- Seasonal Labour Problem
- Top ten customers contribute a major portion of revenue
- No long-term contracts with customers
- Negative cash flows from operating and investing activities
- Significant corporate guarantee extended to a Promoter Group company
Promoters
Mr. Harsh Vinod Mittal, Mr. Yash Vinod Mittal, Mrs. Sweta Yash Mittal
Decoded from the DRHP 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 |
|---|---|---|---|---|---|---|
| FY23 | 200.73 | -- | 0.68 | 117.08 | 16.48 | 34.88 |
| FY24 | 271.65 | -- | 5.30 | 154.21 | 22.77 | 47.01 |
| FY25 | 335.56 | -- | 9.21 | 177.21 | 31.98 | 66.28 |
Key performance indicators · FY25
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 (₹) |
|---|---|---|---|---|---|
| Vinod Texworld this issue | 335.6 | 7.94 | 11.8x | 28.79 | 27.57 |
| Jakharia Fabric Limited | 62.7 | 8.06 | 13.3 | 14.78 | 54.52 |
| Borana Weaves Ltd | 290.3 | 20.14 | 10.9 | 45.92 | 43.91 |
This issue is priced at 11.8x P/E against a peer median of 12.1x: a discount of 2%. A measurement, not a verdict.
Other Textile IPOs
Same sector, listed just before and after this one, with their listing-day change.
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Dudani RetailDUDANI · BSE · SME · Textile−13.8%5 Oct
Unitec FibresUNITEC · BSE · SME · Textile+3.0%30 Sep
Vivekanand CotspinVIVEKANAND · BSE · SME · Textile+7.8%28 Sep
Sonaselection IndiaSONA · BSE, NSE · Mainboard · Textile+8.5%24 Sep Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.