Archive · 30 Jun 2025
Vandan Foods IPO Opens Today; GMP at 17.39%
Vandan Foods, a company making castor oil products, is now offering shares to the public through an IPO.
This is an effort to raise money for the company.
The IPO started on June 30, and as of early in the day, it had received a small amount of subscriptions.
The price per share is Rs 115, and you have to buy at least 1,200 shares.
The current market prediction is that the shares may increase in value soon after they are available.
The company plans to use the money raised to pay off debt and invest in new projects.
The shares will be listed on July 7.
Vandan Foods IPO opened on Monday, June 30, aiming to raise Rs 30.36 crore.
The IPO price is fixed at Rs 115 per share, with a minimum lot size of 1,200 shares.
As of 2:14 pm on the first day, the issue received a 0.18 times subscription.
The grey market premium (GMP) of the IPO is at 17.39%, suggesting potential gains.
The company manufactures refined castor oil and castor oil cake in a B2B and B2C model.
- Who
- Vandan Foods, which manufactures refined castor oil and castor oil cake.
- What
- Initial Public Offering (IPO) of Vandan Foods.
- When
- The IPO opened on Monday, June 30.
- Where
- BSE SME platform.
- Why
- To raise Rs 30.36 crore for debt repayment, capex, and other corporate expenditures.
- IPO Open Date
- June 30
- Issue Size
- Rs 30.36 crore
- IPO Price
- Rs 115 per share
- Minimum Lot Size
- 1,200 shares
- GMP
- 17.39%
- Listing Date
- July 7
- Subscription (Day 1)
- 0.18 times