Vinod Texworld
What they do: The company is involved in the processing of textile fabrics, focusing on converting raw materials into finished textile products. This involves various stages of production, including dyeing, printing, and finishing.
By IPO Milega Research · Published
Vinod Texworld Limited has shown consistent growth in revenue and profit over the past three fiscal years.
- Listing gain
- +0%
- Listed at ₹94
- Subscribed
- 1.6x
- Total
- Retail odds
- 34%
- 1 in 2.9
GMP is an unofficial grey market indication. GMP updated 9 Sept, 18:04 IST.
- Price band
- ₹94
- Lot size
- 2400 shares
- Min. investment
- ₹2,25,600
- Issue size
- 42.83 Cr.
- Open9 Sept 2026
- Close11 Sept 2026
- Allotment15 Sept 2026
- Listing17 Sept 2026
Overview
Estimated from the current subscription figures. Tap a category to work it out for your application size.
- QIB
- 0x
- NII
- 0.3x
- Retail
- 2.91x
Grey market data isn't available for this issue, so the gains estimate uses fundamentals only and ignores listing-day sentiment.
GMP trend
Unofficial grey market quotes, times in IST
Where the money goes
- To the company
- ₹42.83 Cr
- Fresh issue
- To selling shareholders
- ₹0 Cr
- No offer for sale
- Expansion of Existing Plant₹6.39 Cr15%
- Repayment of Loan₹7.15 Cr17%
- To meet Working Capital Requirement₹20.35 Cr48%
- General Corporate Purposes₹5.97 Cr14%
- Issue Expenses₹2.97 Cr7%
Outer ring: estimated gain
How the score adds up
The overall score is the average of these five, nudged by QIB demand once bidding closes.
- Financials8.0
- Performance6.0
- Flexibility8.0
- Timing7.0
- Risk4.0
The approximate gains potential is based on the company's solid financial fundamentals, moderate growth prospects, and strategic market positioning. However, the absence of GMP data limits the precision of this estimate. The company's competitive positioning in the textile industry and its adaptability to market demands suggest moderate listing gains potential.
Strengths2
- Transitioned to a public limited company in 2024
- Increased cash and cash equivalents significantly over three years
Concerns5
- Uncertainty in utilization of IPO proceeds for general corporate purposes.
- Potential conflicts of interest involving promoters and key personnel.
- Impact of COVID-19 and future pandemics on operations and financials.
- Dependence on Indian economic and political conditions.
- Regulatory changes, including tax reforms, affecting business operations.
Who gets shares
- QIB50%
- NII15%
- Retail35%
- Retail Minimum2,25,6002 lots, 2,400 shares
- Retail Maximum2,25,6002 lots, 2,400 shares
- S-HNI Minimum3,38,4003 lots, 3,600 shares
| Application | Lot size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,400 | 2,25,600 |
| Retail Maximum | 2 | 2,400 | 2,25,600 |
| S-HNI Minimum | 3 | 3,600 | 3,38,400 |
Timing
7.0/10The timing of Vinod Texworld's IPO appears favorable given the company's strategic positioning on the SME platform, which is designed to support smaller enterprises. The full underwriting and fixed price issue offer a stable investment opportunity, which is attractive in volatile markets. However, the limited size of the IPO may not attract significant interest from large institutional investors, potentially impacting the overall market reception.
- Time to market
- The company's transition from private to public and its established operational history since 2012 suggest a well-prepared entry into the public market. The choice of the SME platform is strategic, providing a supportive environment for growth and visibility.
- How allotment works
- Basis of allotment finalized and shares credited to demat
- Market timing
- Favourable
- Time to market
- 8.0
- Listing on
- NSE SME
Key milestones
- 9 Sept 2026IPO Opens
- 11 Sept 2026IPO Closes
- 15 Sept 2026Basis of Allotment
- 16 Sept 2026Refunds Initiated
- 16 Sept 2026Credit to Demat Account
- 17 Sept 2026Listing Date
Financials
8.0/10- Revenue
- ₹343 Cr
- +2.2%
- Profit after tax
- ₹10.41 Cr
- +12.8%
- Net margin
- 3.0%
- +0.3 pts
- Assets
- ₹182 Cr
- +2.1%
- Return on equity
- 24.31
- Debt to equity
- 1.03
- Current ratio
- 1.31
- Revenue CAGR
- 12.5%
- ROCE
- 31.80%
- Return on net worth
- 24.31%
- NAV per share (₹)
- 36.90
Financial performance trend
Amount ₹ in croresVinod Texworld Limited has shown consistent growth in revenue and profit over the past three fiscal years. The company has a strong asset base and a manageable level of liabilities, indicating a solid financial position. The debt-to-equity ratio is moderate, suggesting a balanced approach to leveraging. The company operates in the textile processing industry, which is competitive but offers growth opportunities.
Risk
4.0/10Read this score as a safety rating: 10/10 means the lowest risk, 1/10 the highest.
Where the risks sit
- Financial risks3
- Market risks2
- Operational risks2
- Regulatory risks2
The company faces significant financial, operational, and market risks, including economic volatility, regulatory changes, and litigation, impacting its stability and growth prospects.
How the company offsets these
Adherence to regulatory compliance and strategic financial planning can mitigate risks.
Financial risks3
- Uncertainty in utilization of IPO proceeds for general corporate purposes.
- Volatility in stock market affecting share price post-IPO.
- Litigation risks, including tax liabilities.
Market risks2
- Dependence on Indian economic and political conditions.
- Volatility in stock market affecting share price post-IPO.
Operational risks2
- Impact of COVID-19 and future pandemics on operations and financials.
- Potential conflicts of interest involving promoters and key personnel.
Regulatory risks2
- Regulatory changes, including tax reforms, affecting business operations.
- Litigation risks, including tax liabilities.
Performance
6.0/10Vinod Texworld Limited, a textile manufacturer, shows moderate financial performance with a focus on dyed and printed fabrics. The company faces risks from supplier dependency and high working capital needs but has opportunities in expanding its geographical reach and sustainable textiles demand.
- Historical growth
- Moderate growth with fluctuations, Revenue grew to ₹34,263.62 lakhs in FY 2026
- Market comparison
- The company operates in a competitive textile market with significant regional concentration, primarily in Gujarat, which poses risks compared to more diversified peers.
- Future potential
- Potential for growth through geographical expansion and sustainable textiles
- Operational consistency
- Revenue concentration in Gujarat and reliance on top customers pose risks to stability.
- Experience
- Moderate experience with key roles held by family members
- Track record
- Limited public company experience
Key achievements
- 01Transitioned to a public limited company in 2024
- 02Increased cash and cash equivalents significantly over three years
Flexibility
8.0/10The company has a strong domestic presence and is expanding its international reach, evidenced by its export activities to Nepal. It adapts to market demands through innovation, customer-centric operations, and participation in trade fairs.
The company has shown consistent revenue growth and profitability, with increasing EBITDA and PAT margins. However, it has a high dependency on a few key customers and suppliers, which could pose risks to financial stability.
Vinod Texworld Limited exhibits high operational agility through its integrated manufacturing processes, focus on technological upgrades, and initiatives for process improvement and cost management.
Vinod Texworld Limited demonstrates strong flexibility and adaptability through its strategic initiatives in market expansion, technological upgrades, and sustainable practices. The company has shown consistent financial growth, diversified product offerings, and a focus on operational efficiency, positioning it well for future adaptability.
- Product diversification
- The company offers a wide range of textile products, including dyed and printed fabrics, specialty fabrics, and fabrics for industrial use, catering to diverse customer needs.
- Future adaptability
- The company's focus on expanding production capacity, adopting green energy solutions, and enhancing technological capabilities positions it well for future adaptability and growth.
The data on this page has been reviewed manually by the IPO Milega research team. It is not investment advice, and IPO Milega accepts no responsibility for losses arising from any investment decision. Investments in the securities market are subject to market risks. Read all the related documents, including the full prospectus, carefully before investing.