Vama Wovenfab Ltd IPO
Packaging
Price Band
₹324 – ₹341
Lot Size
400
Minimum Bid Quantity
800
Minimum Investment
₹272800
Issue Size
₹49.54Cr
Opens
2026-09-15
Closes
2026-09-17
Listing
22-09-2026
Subscription Status
Qualified Institutional Buyers
1 x
Non-Institutional Investor
1.97 x
Retail Individual Investor
2.78 x
Total
2.57 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE1G7R01010
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
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. Its product range includes woven sack bags, HDPE trampolines and coloured woven fabric sheets, and loop handle bags, manufactured in different weights, sizes, and colours based on customer specifications. The company also trades in plastic granules and provides customised bulk packaging products to B2B manufacturers and traders across industries such as agriculture, chemicals, food processing, food grains, sugar, fertilisers, and cement. Its manufacturing process uses plastic granules that are melted, extruded into tapes, and woven into fabric, which is then converted into woven bags. The company operates a manufacturing unit at Bhimpore, Daman, where production commenced in 2013. Its registered office is located at Borivali (West), Mumbai. The manufacturing unit is ISO 9001:2015 certified for its quality management system.
Pros
- • The company has been operating in the woven bag and fabric industry for over 10 years and is ISO 9001:2015 certified for its quality management system.
- • Vama Wovenfab has established long-term relationships with its customers and suppliers, which it claims helps maintain consistent raw material availability and product deliveries.
- • The company claims to have an organised production and dispatch process that enables it to plan orders and adhere to scheduled delivery timelines.
Cons
- • The top 10 customers contributed Rs 207.83 crore (96.84%), Rs 73.46 crore (94.86%), and Rs 25.79 crore (92.57%) to the company’s revenue from operations in FY26, FY25, and FY24, respectively. Customer 1 alone accounted for Rs 136.67 crore (63.68%) of revenue in FY26. Any loss of major customers, reduction or deferral of orders, or adverse pricing negotiations could materially affect the company’s revenues, profitability, and cash flows.
- • The company is dependent on polypropylene (PP) and high-density polyethylene (HDPE) granules as its primary raw materials, with their prices linked to crude oil and feedstock costs. The company does not have long-term supply agreements with polymer producers and may need to procure these materials at prevailing spot market rates. Any sharp increase in resin prices or supply disruptions could increase production costs, compress margins, and adversely affect its profitability and financial condition.
- • The company derives a major portion of its revenue from Daman and Diu, Dadra & Nagar Haveli, and Maharashtra. These regions contributed Rs 102.87 crore (47.93%) and Rs 85.00 crore (39.60%), respectively, to revenue from operations in FY26. Any adverse economic, demographic, competitive, or regulatory developments in these regions could hurt the company’s business and financial performance.
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