Vama Wovenfab IPO: dates, price band, lot size and GMP
Vama Wovenfab IPO listed on 22 Sep at ₹341 (BSE SME). Issue dates 15 – 17 Sep 2026, price band ₹324 – ₹341, lot 400 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Vama Wovenfab listed on 22 Sep 2026 on BSE SME at ₹341, ₹0 (0.0%) against the ₹341 upper band. Vama Wovenfab IPO listing date, price and gain · Recently listed IPOs
Updated 30 Oct 2026, 09:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 222 IPOs on its calendar; the Vama Wovenfab IPO has a price band of ₹324 – ₹341, a lot of 400 shares and no grey-market premium reported yet as of 30 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 15 – 17 Sep 2026 |
| Price band | ₹324 – ₹341 |
| Lot size | 400 shares |
| Issue size | ₹49.54 Cr |
| Fresh issue | ₹47.06 Cr |
| Subscription | 2.53x |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Lead managers | Gretex Corporate Services Ltd. |
| Status | Listed |
Timeline
- Issue opens: 15 Sep
- Issue closes: 17 Sep
- Allotment: 18 Sep
- Refunds: 21 Sep
- Demat credit: 21 Sep
- Listing: 22 Sep
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 1x |
| NII | 1.56x |
| sNII | 2.03x |
| bNII | 2.32x |
| Retail | 2.8x |
| Total | 2.53x |
Last updated 17 Sep 2026, 6:55 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | BSE SME |
| Market cap at the upper band | ₹176.94 Cr |
| P/E (pre-issue) | 11.04x |
| P/E (post-issue) | 15.33x |
| Fresh issue (shares) | 13,80,000 |
| Total shares offered | 13,80,000 |
| Promoter holding pre-issue | 100% |
| Promoter holding post-issue | 72% |
| Promoters | Suresh Mohanlal Gupta, Vaibhav Suresh Gupta, Saurabh Suresh Gupta, Nisha Vaibhav Gupta |
| Lead managers | Gretex Corporate Services Ltd. |
| Registrar phone | 011-45121795 |
| Registrar email | investor.ipo@maashitla.com |
| Company website | vamawoven.com |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 2 | 800 | ₹2,72,800 |
| Retail (maximum) | 2 | 800 | ₹2,72,800 |
| sNII (minimum) | 3 | 1,200 | ₹2,72,800 |
| bNII (minimum) | 3 | 1,200 | ₹10,91,200 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| QIB | 1% | 14,400 | Not more than 50% of the Net Offer |
| NII (HNI) | 20% | 2,76,000 | Not less than 15% of the Net Offer |
| sNII | 6.7% | 92,400 | |
| bNII | 13.3% | 1,83,600 | |
| Retail | 79% | 10,89,600 | Not less than 35% of the Net Offer |
| Market Maker | 5.3% | 72,800 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 15 Sep | 0.00x | 0.01x | 0.03x | 0.00x | 0.01x | 0.01x |
| Day 2 · 16 Sep | 1.00x | 1.02x | 0.29x | 1.39x | 0.30x | 0.45x |
| Day 3 · 17 Sep | 1.00x | 2.22x | 2.03x | 2.32x | 2.80x | 2.66x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹30.9 |
|---|---|
| EPS (post-issue) | ₹22.25 |
| P/E (pre-issue) | 11.04x |
| P/E (post-issue) | 15.33x |
| RoNW | 50.37% |
| RoCE | 31.94% |
| RoE | 50.37% |
| PAT margin | 5.38% |
| EBITDA margin | 8.32% |
| Price / book | 4.44x |
| NAV per share | ₹76.8 |
| Debt / equity | 0.89 |
| Market cap (upper band) | ₹176.94 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 74.18 | 67.47 | 37.14 | +9.9% |
| Total Income | 214.62 | 77.76 | 27.87 | +176% |
| Profit After Tax | 11.55 | 6.84 | 2.63 | +68.9% |
| EBITDA | 17.86 | 10.37 | 5.1 | +72.2% |
| NET Worth | 28.69 | 17.15 | 9.05 | +67.3% |
| Reserves and Surplus | 24.96 | 13.41 | 5.44 | +86.1% |
| Total Borrowing | 25.44 | 16.94 | 11.17 | +50.2% |
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'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 2024-25.
Vama Wovenfab's products are used across multiple industries, including agriculture, food and beverages, cement, fertilizers, chemicals, sugar, construction, retail, and bulk packaging & logistics.
As of August 31, 2025, the company employs 123 personnel on its payroll.
Objects of the issue
- 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 — ₹7 Cr
- Issue Expenses — ₹7.43 Cr
Net proceeds: ₹49.54 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Vama Wovenfab Ltd. (issuer) | 30.9 | 30.9 | 76.8 | — | 50.37% | — | — |
| Aeroflex Neu Ltd | 0.45 | 0.38 | 39.08 | 183.18x | 1.27% | 2.1 | — |
| Kahan Packaging Ltd | 4.3 | 4.3 | 40.54 | 4.53x | 11.2% | 0.47 | — |
Notes: The figures of Vama Wovenfab Limited are based on restated financial statements as restated as on March 31, 2026. Considering the nature and size of business of the Company, the peers are not strictly comparable. However, the same have been included for broad comparison. Current Market Price (CMP) of peer group companies is the closing price as on Aug 20, 2026. The figures for the peer group are based on the standalone audited financials for the year ended on March 31, 2026.
Strengths (per the offer document)
- Strong Long-Term Customer relationship — We have established enduring, trust-based relationships with both customers and suppliers, ensuring consistent raw material supply, stable production, and reliable product delivery.
- Deep Customer Understanding and Prioritization — Our approach centers on truly understanding customer needs through close collaboration before production begins.
- On-Time and Planned Delivery — We strictly adhere to planned schedules for production and dispatch, ensuring timely delivery of orders.
- Continuous Product and Process Improvement — We invest in ongoing development at every stage, exploring superior materials, adopting innovative technologies, and integrating customer feedback—to keep our products and processes competitive and…
- Skilled and Experienced Workforce — Our team comprises trained and skilled personnel who efficiently handle advanced machinery and production techniques, contributing to superior product quality and operational efficiency.
- Integrity & Transparency — We remain transparent & ethical in our offerings, products, process and policies to our customers, associates, vendors and partners.
- Social Responsibility & Care for society — We channelize our efforts in being responsible to the society.
Risk factors (as disclosed by the company)
- We generate our major portion of sales from our operations in certain geographical regions — We derive a major portion of our revenue from three states, indicating a high geographical concentration of revenue.
- Our Company requires significant amounts of working capital and significant portion of our working capital is consumed in trade receivables and inventories — Our business requires significant working capital, such as to finance the purchase of raw materials, consumables, stores & spares and payments for operating expenses before we receive payment from…
- Our business may be adversely impacted by the development and adoption of substitute packaging products, alternative raw materials — The woven packaging industry is increasingly witnessing the emergence of alternative products and manufacturing technologies that could compete with traditional PP and HDPE woven bags.
- Our company has negative cashflow in its operating activities for the financial year ended on March 31, 2026 and 2025 — Our Company had negative cash flows from our operating activities, investing activities as well as financing activities in the previous year(s) as per the Restated Financial Statements and the same…
- Our manufacturing operations are dependent on continuous power and fuel supply — Our Company’s operations are highly dependent on the uninterrupted functioning of our manufacturing facilities, which involve energy-intensive processes such as extrusion, weaving, lamination, and…
- Our Company, Promoters and Directors are involved in certain litigations viz criminal, civil and tax proceedings which are currently pending at various stages — There are outstanding legal proceedings involving Our Company, Promoters and Directors which are pending at different levels of adjudication before various courts, tribunals and other authorities.
- We are heavily dependent on machinery for our operations and any disruption to the same may cause interruption in business — Our manufacturing process relies on capital-intensive machinery, including extrusion lines, circular looms, lamination plants, and printing units, which require continuous maintenance and timely…
- We have had certain inaccuracies in relation to regulatory filings and our company has made non- compliances of certain provision under applicable law — We have delayed in depositing the GST, TDS, EPF/ESIC with the offices concerned of the departments on a few instances.
From the RHP (strengths pages 144–145, risk factors pages 26–31). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- Vama Wovenfab IPO listing day: listed at ₹341 (0.0% vs the upper band), 22 Sep 2026
- Vama Wovenfab IPO GMP today and trend
- Vama Wovenfab IPO subscription status, day by day
- Vama Wovenfab IPO allotment status and how to check
Frequently asked questions
When does the Vama Wovenfab IPO open and close?
The issue is scheduled for 15 – 17 Sep 2026.
What is the Vama Wovenfab IPO price band?
The price band is ₹324 – ₹341 per share with a lot size of 400 shares.
How big is the Vama Wovenfab IPO?
The total issue size is ₹49.54 Cr.
When will Vama Wovenfab list?
The tentative listing date is 22 Sep on the SME platform.
How do I apply for the Vama Wovenfab IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Vama Wovenfab · as filed with SEBI · bsesme.com
- Red herring prospectus (RHP), Vama Wovenfab · as filed · bseindia.com
- Registrar allotment page, Maashitla Securities Pvt.Ltd. · allotment 18 Sep · maashitla.com
- BSE SME issues page · listing 22 Sep · bsesme.com
- Vama Wovenfab company website · vamawoven.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 22 Sep, 04:07 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Vama Wovenfab IPO”, https://buyunlistedshares.com/ipo/vama-wovenfab-ipo, as of 30 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. Data as of 30 Oct 2026.
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