By News18
Vandan Foods IPO GMP Today: The basis of allotment of the Vandan Foods IPO is expected to be finalised today, Thursday, July 3. Once finalised, investors will start receiving bank debit messages. They can also check the allotment status on the websites of the BSE or registrar Bigshare Services.
The initial public offering of Vandan Foods was open for public subscription between June 30 and July 2. The issue received a 1.75 times subscription, garnering bids for 43,87,200 shares as against the 25,08,001 shares on offer. The retail and NII participation stood at 3.09x and 0.41x, respectively.
The BSE SME IPO aims to raise Rs 30.36 crore, to be used for debt repayment, capex and other corporate expenditures.
Vandan Foods, founded in 2015, manufactures refined castor oil and castor oil cake, operating in both B2B and B2C models with a supply footprint across multiple Indian states.
Vandan Foods IPO GMP Today
According to market observers, the grey market premium of the Vandan Foods IPO has declined to zero, indicating flat or negative listing.
The GMP was recorded at 21.74% on Tuesday.
The GMP is based on market sentiments and keeps changing. 鈥楪rey market premium鈥 indicates investors鈥 readiness to pay more than the issue price.
Vandan Foods IPO Allotment Status: A Step-By-Step Guide
Once the allotment is finalised (scheduled to be finalised in the evening today), the status can be checked by following these steps:
1. Visit Bigshare Services鈥 portal 鈥 https://ipo.bigshareonline.com/ipo_status.html
2. Select Company Name 鈥榁andan Foods Ltd鈥 from the drop-down menu.
3. In the 鈥楽elect Selection Type鈥, choose any one from the options 鈥 PAN Number, Beneficiary ID, or Application Number.
4. Enter PAN Number, Beneficiary ID or Application Number.
5. Enter Captcha
6. Hit 鈥楽earch鈥 Button.
Your Vandan Foods IPO allotment status will now be visible.
Check via BSE (Bombay Stock Exchange)
Visit the BSE IPO allotment page: https://www.bseindia.com/investors/appli_check.aspx
Under Issue Type, select: Equity
Under Issue Name, choose: Vandan Foods Limited (Name will appear once allotment is live)
Enter your Application Number or PAN Number.
Tick the 鈥淚鈥檓 not a robot鈥 checkbox.
Click on 鈥淪earch鈥 to view your allotment status.
Vandan Foods IPO Listing Date
The Vandan Foods IPO listing will take place on July 7, on the BSE鈥檚 SME platform.
Vandan Foods IPO: Other Info
The IPO, which is a fixed price of Rs 30.36 crore, is entirely a fresh issue of 26.40 lakh shares.
Its IPO price is fixed at Rs 115 per share. The minimum lot size for an application is 1,200.
Nirbhay Capital Services Private Limited is the book-running lead manager of the Vandan Foods IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Vandan Foods IPO is Aftertrade Broking Pvt Ltd.
Its revenue and net profit for the nine months ended December 2024 stood at Rs 72.66 crore and 4.54 crore, respectively.