Vinod Texworld SME IPO
Vinod Texworld IPO — date, price band, lot size & details 2026
Vinod Texworld listed on 17 Sep 2026 at ₹94, flat to the ₹94 issue price.
Vinod Texworld Limited is an integrated textile company that dyes and prints greige fabric and sells cotton, polyester and blended fabrics. Running since 2012, its facility has an installed capacity of about 2.25 crore metres a year and it supplies across Gujarat, Punjab, Haryana, Delhi, Rajasthan, Uttar Pradesh and West Bengal.
Stock price
Vinod Texworld is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 23 October.
- Open 09 Sep 2026
- Close 11 Sep 2026
- Allotment 15 Sep 2026
- Refund/credit 16 Sep 2026
- Listing 17 Sep 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 9 to 11 Sep, 2026 |
|---|---|
| Price Band | ₹94 |
| Face Value | ₹10 |
| Lot Size | 1200 Shares |
| Issue Size | ₹42.83 Cr |
| Sale Type | Fresh capital only |
| Listing On | NSE SME |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 2,25,600 |
What will it cost me?
Bidding is in multiples of 1200 shares at the ₹94 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 2,400 | ₹2,25,600 |
| Retail (max) | 2 | 2,400 | ₹2,25,600 |
| HNI (min) | 3 | 3,600 | ₹3,38,400 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 8
- 01Profit has grown sharply, from Rs 0.68 crore in FY2023 to Rs 5.30 crore in FY2024 and Rs 9.21 crore in FY2025.
- 02Sales have grown strongly, from Rs 200.73 crore in FY2023 to Rs 271.65 crore in FY2024 and Rs 335.56 crore in FY2025.
- 03EBITDA more than quadrupled over the same period, from Rs 4.80 crore to Rs 20.99 crore.
- 04Return ratios are high, with RoCE of 34.99% and RoNW of 28.79%.
- 05The company owns its manufacturing facility and land, with an installed capacity of about 2.25 crore metres a year.
- 06It handles the full chain from buying greige fabric to the finished dyed and printed cloth, which helps control quality and delivery.
- 07The product range covers cotton, polyester and blended fabrics, so it can serve different customer needs.
- 08It already sells across seven states including Gujarat, Punjab, Haryana, Delhi, Rajasthan, Uttar Pradesh and West Bengal.
Risks · 10
- 01The financial data is old for an issue opening in September 2026. The latest year given is FY2025, ending 31 March 2025.
- 02The objects of the issue are listed without any amounts in the data available to us, so how the Rs 42.83 crore will be split between plant expansion, loan repayment and working capital is not visible from here and must be read in the RHP.
- 03The profit margin is very thin at 2.75%. On sales of Rs 335.56 crore the company earned only Rs 9.21 crore.
- 04Debt is high and rising. Total borrowing was Rs 66.28 crore as on 31 March 2025 against a net worth of only Rs 31.98 crore, which is more than twice, and it has gone up every year from Rs 34.88 crore in FY2023.
- 05Dyeing and printing uses a lot of water and produces effluent, so the company carries pollution control and environmental compliance risk.
- 06Fabric processing is a very competitive trade with many players and low switching cost, so customers can move on price.
- 07The whole business runs from one facility with 103 employees, so there is single location and key person risk.
- 08This is a fixed price issue at Rs 94 per share, so there is no price discovery through bidding.
- 09Promoter holding will come down from 93.1% to 66.85% after the issue.
- 10This is an SME issue. One lot is 1,200 shares, which is Rs 1.13 lakh at the issue price, and SME shares usually trade in low volume after listing.
Three years of numbers
All figures in ₹ crore, as reported in the Vinod Texworld offer document.
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 177.21 | 154.21 | 117.08 |
| Total Income | 335.56 | 271.65 | 200.73 |
| Profit After Tax | 9.21 | 5.30 | 0.68 |
| EBITDA | 20.99 | 12.29 | 4.80 |
| NET Worth | 31.98 | 22.77 | 16.48 |
| Reserves and Surplus | 20.38 | 11.17 | 5.00 |
| Total Borrowing | 66.28 | 47.01 | 34.88 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Vinod Texworld RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Vinod Texworld IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹6.44 |
| Market Cap at Offer Price (₹ Cr) | ₹134.43 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹94 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
How the company intends to use the proceeds of the issue.
About the company
Its main work is dyeing and printing greige fabric. Greige fabric is cloth that has been woven but not yet dyed or finished. The company buys this raw cloth, dyes and prints it, and then sells the finished fabric. Because it handles the whole chain from buying the greige cloth to producing the finished dyed and printed fabric, it can control quality and respond quickly when demand or designs change.
Its range covers cotton fabrics, polyester fabrics and blended fabrics. It runs its own manufacturing facility on owned land of about 5,949 square metres, with an installed capacity of around 2.25 crore metres a year. It sells across several states including Gujarat, Punjab, Haryana, Delhi, Rajasthan, Uttar Pradesh and West Bengal. As on 31 August 2025 it had 103 employees.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91 7069030829
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
NOVUS CAPITAL ADVISORS PRIVATE LIMITED (Formerly known as Fast Track Finsec Private Limited)
3 issues handled2 of their issues have listed so far, and 2 opened above the issue price (average +3.5%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Vinod Texworld?
The current Grey Market Premium is ₹1, or 1.06% over the issue price.
What is the Vinod Texworld IPO price band?
₹94, on a face value of ₹10.
When is the allotment?
The basis of allotment is 15 September 2026, with listing on 17 September 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
