3 hrs ago
Vinod Texworld Sets ₹94 IPO Price for ₹42.83 Crore Issue
Vinod Texworld is a company that makes and processes fabrics.
It wants to raise money by selling new shares to the public.
Each share will cost ₹94.
People can apply for the shares from September 9 to September 11.
The company expects to raise ₹42.83 crore.
It plans to use some money to expand its dyeing and fabric-processing plant.
It will also repay loans and pay for day-to-day business needs.
The shares are expected to be listed on the NSE SME on September 17, 2026.
Vinod Texworld priced its ₹42.83-crore IPO at ₹94 per share.
The fresh issue comprises 45.56 lakh equity shares and will open September 9-11.
The company plans to list its shares on the NSE SME, tentatively on September 17, 2026.
Proceeds include ₹6.39 crore for plant expansion, ₹7.15 crore for debt repayment and ₹20.35 crore for working capital.
FY26 operating revenue reached ₹342.64 crore and profit after tax rose to ₹10.41 crore.
- Who
- Vinod Texworld, an Ahmedabad-based textile manufacturer, is conducting the IPO.
- What
- The company has fixed a ₹42.83-crore IPO price at ₹94 per share.
- Where
- The company is based in Ahmedabad and plans to list the shares on the NSE SME.
- When
- The IPO is scheduled to open on September 9 and close on September 11; tentative listing is September 17, 2026.
- Why
- The proceeds will fund plant expansion, working capital, debt repayment and general corporate purposes.
Key facts
- IPO price
- ₹94 per share
- Issue size
- ₹42.83 crore
- Issue structure
- Fresh issue of 45.56 lakh equity shares
- Subscription period
- September 9 to September 11
- Planned listing
- NSE SME; tentative date September 17, 2026
- FY26 revenue
- ₹342.64 crore
- FY26 profit after tax
- ₹10.41 crore
Quotes
Yash Vinod Mittal
Promoter and Managing Director of Vinod Texworld
“Through this IPO, we intend to strengthen our existing operations by expanding our fabric processing and dyeing plant, meeting our working capital requirements and reducing our outstanding borrowings,”
freepressjournal.in
Sources
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