Vinod Texworld Ltd IPO
Textiles
Price Band
₹94 – ₹94
Lot Size
1200
Minimum Bid Quantity
2400
Minimum Investment
₹225600
Issue Size
₹42.83Cr
Opens
2026-09-09
Closes
2026-09-11
Listing
17-09-2026
Subscription Status
Qualified Institutional Buyers
0 x
Non-Institutional Investor
0.33 x
Retail Individual Investor
2.57 x
Total
1.4 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE1A5U01014
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Vinod Texworld Limited is engaged in the manufacturing, processing, and supply of textile products, primarily dyed and printed fabrics. Its product portfolio includes cotton, polyester, and blended fabrics, catering to the fast-fashion segment and evolving customer requirements. The company supplies products based on customer specifications across domestic and international markets. Its domestic network covers several states, including Gujarat, Punjab, Haryana, Delhi, Rajasthan, Uttar Pradesh, and West Bengal. During FY25, the company also exported its products to Nepal. The company claims to have also undertaken initiatives towards adopting sustainable practices and incorporating renewable and green energy solutions to improve operational efficiency and reduce its carbon footprint. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Expansion of Existing Plant – Rs 6.39 crore Repayment of Loan – Rs 6.50 crore To meet working capital requirements – Rs 18.50 crore General corporate purposes Issue expenses
Pros
- • The company claims to maintain long-standing customer relationships, supporting repeat business, consistent order inflows, and customer retention across retailers, semi-wholesalers, and wholesalers.
- • The company claims to follow a structured customer service approach covering order placement, product quality, delivery timelines, and complaint resolution, particularly for bulk buyers and large fabric traders.
- • The company claims to conduct quality tests covering colour fastness, residual shrinkage, stretchability, and skewness to maintain product standards and quality consistency.
Cons
- • The company's revenue remains significantly dependent on a limited group of customers. Its top ten customers contributed Rs 170.60 crore (50.84% of revenue from operations) in FY25, Rs 148.71 crore (54.74%) in FY24, and Rs 97.79 crore (48.72%) in FY23. The loss of one or more key customers, or a reduction in their orders, could adversely affect revenue and profitability.
- • The company has not entered into long-term contracts with its customers and primarily operates based on individual purchase orders. Revenue is therefore exposed to fluctuations in customer demand, buying patterns, and inventory management decisions. If the company is unable to maintain a consistent order pipeline, it could adversely impact the company's revenue, profitability and overall financial performance.
- • The company has extended a corporate guarantee of Rs 76.27 crore for loans availed by promoter group company Vinod Cotfab Private Limited as of FY25. This guarantee significantly exceeds the company's net worth of Rs 31.98 crore and is approximately 2.38 times its net worth. Any default or delay by the borrower could result in the guarantee being invoked, potentially affecting the company's liquidity, financial condition, and ability to meet its own obligations and raise additional funds.
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