Vama Wovenfab IPO open date is September 15, 2026 and the IPO will close on September 17, 2026. Vama Wovenfab IPO is a Book build Issue. The company to raise around ₹49.54 crores via IPO that comprises fresh issue of ₹49.54 crores and offer for sale up to [.] equity shares with face value of ₹10 each.
Vama Wovenfab IPO price band is ₹324 to ₹341 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Vama Wovenfab IPO to list on BSE on September 22, 2026. The allotment of Vama Wovenfab IPO date is September 18, 2026.
The company reported revenue of ₹214.62 crores in 2026 against ₹77.76 crores in 2025. The company reported profit of ₹11.55 crores in 2026 against profit of ₹6.84 crores in 2025. As per the financials, the IPO investors should apply the IPO for a long term.
Vama Wovenfab SME IPO Details
| Particulars | Details |
|---|---|
| IPO Name | Vama Wovenfab IPO |
| IPO Type | SME IPO |
| Issue Size | Up to ₹49.54 Crore |
| Fresh Issue | Up to 14,52,800 Shares |
| Price Band | ₹324 – ₹341 per share |
| Face Value | ₹10 per share |
| IPO Open Date | September 15, 2026 |
| IPO Close Date | September 17, 2026 |
| Lot Size | 400 Shares |
| Minimum Retail Application | 2 Lots / 800 Shares |
| Minimum Investment | ₹2,72,800 |
| Listing | BSE SME |
| Allotment Date | September 18, 2026 |
| Share Credit | September 21, 2026 |
| Expected Listing Date | September 22, 2026 |
| Registrar | Maashitla Securities |
| Lead Manager | Gretex Corporate Services |
Lot Size & Investment
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 800 | 272800 | 1362 |
| sHNI | 3 | 1200 | 409200 | 77 |
| bHNI | 8 | 3200 | 1091200 | 153 |
Share Reservation
| Category | Shares Offered | % |
|---|---|---|
| Total | 1452800 | 100% |
| QIB | 14400 | 0.99% |
| HNI | 276000 | 19% |
| INDIVIDUAL | 1089600 | 75% |
| Market Maker | 72800 | 5.01% |
Key Performance Indicators (KPI)
| KPI | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| RONW | 50.37% | 52.20% | 34.00% |
| EPS (BASIC) | 30.90 | 18.66 | 7.27 |
| P/E Pre IPO | 11.04 | ||
| P/E Post IPO | 15.33 |
Company Financial (In ₹Crore)
| Period Ended | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 74.18 | 67.47 | 37.14 |
| Total Income | 214.62 | 77.76 | 27.87 |
| Profit After Tax | 11.55 | 6.84 | 2.63 |
| EBITDA | 17.86 | 10.37 | 5.1 |
| NET Worth | 28.69 | 17.15 | 9.05 |
| Reserves and Surplus | 24.96 | 13.41 | 5.44 |
| Total Borrowing | 25.44 | 16.94 | 11.17 |
Peer Comparision (Valuation)
| Company | P/E (x) | CMP (₹) | Face Value (₹) |
|---|---|---|---|
| Vama Wovenfab Limited | 11.04 | 341.0 | 10 |
| Aeroflex Neu Ltd | 183.18 | 82.43 | 10 |
| Kahan Packaging Limited | 4.53 | 19.5 | 10 |
Source: RHP, PE Ratio calculated by dividing the Current Market Price per Equity Share by the Earnings per Equity Share (EPS) as on March 31, 2026.Current Market Price (CMP) of peer group companies is the closing price as on August 20, 2026.Company P/E and CMP is as per upper price band of the issue.
Peer Comparision (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Vama Wovenfab Limited | 76.8 | 50.37% | 30.9 |
| Aeroflex Neu Ltd | 39.08 | 1.27% | 0.45 |
| Kahan Packaging Limited | 40.54 | 11.20% | 4.3 |
About Company
Incorporated in March 2011, Vama Wovenfab Limited is an ISO 9001:2015 certified manufacturer of PP and HDPE woven sack bags and fabric-based packaging products. The company also trades in plastic granules and provides customised bulk packaging solutions to B2B customers across agriculture, food processing, chemicals, fertilizers, sugar, cement and other industries.
Its product portfolio includes PP/HDPE woven bags and fabrics, BOPP bags, HDPE trampoline sheets, coloured woven fabric sheets and loop handle bags in different sizes, weights and colours based on customer requirements. The manufacturing process involves melting and extruding plastic granules into tapes, weaving them into fabric and converting the fabric into customised finished bags.
The company also uses recycled granules, additives and ancillary materials to enhance product quality and performance. It focuses on customised solutions, timely delivery, product quality and continuous process improvement to serve its B2B customer base.
Vama Wovenfab operates its manufacturing facility in Nani Daman, Daman, where production of PP/HDPE woven sack bags and fabrics commenced in 2013. The facility is supported by skilled manpower, in-house quality control systems and stable power supply.
As of April 30, 2026, the company had 94 employees, including 85 employees engaged in operations.
Strengths
On-Time & Planned Delivery: The company focuses on planned production and timely delivery to meet customer requirements. This supports its relationships with B2B customers operating across multiple industries.
Customised Packaging Solutions: Vama Wovenfab offers packaging products in different sizes, weights and colours based on customer specifications. Its ability to provide customised bulk packaging solutions helps address varied end-user requirements.
Skilled & Experienced Workforce: The company is supported by a skilled workforce, with the majority of its employees engaged in operations. Its manufacturing capabilities are further supported by in-house quality control systems.
Risk Factors
Customer Concentration & Demand Volatility: A substantial portion of the company's revenue is derived from a limited number of buyers in a commoditised and price-sensitive market. Dependence on bulk purchasers exposes the company to customer concentration, cyclicality and fluctuations in demand.
No Long-Term Customer Agreements: The company has not entered into long-term agreements with its customers. Its dependence on these customer channels exposes it to risks of customer attrition, pricing pressure and revenue volatility, which could adversely affect financial performance.
Raw Material Price Volatility: The company is dependent on PP and HDPE granules as its primary raw materials. Their prices can fluctuate due to changes in crude oil and feedstock costs, refinery disruptions and supply-chain constraints, potentially affecting production costs, profitability and financial condition.
Conclusion
The Vama Wovenfab SME IPO 2026 is a book-built SME issue with a price band of ₹324–₹341 per share and a lot size of 400 shares. Retail investors need to apply for at least two lots, requiring approximately ₹2.73 lakh at the upper price band. The IPO is scheduled for September 15–17, 2026, with a proposed BSE SME listing on September 22, 2026.
Investors should carefully evaluate the company's financials, valuation and SME-specific risks before applying. GMP should be treated only as an unofficial market-sentiment indicator.
Vama Wovenfab SME IPO FAQs
What is the Vama Wovenfab IPO date?
The Vama Wovenfab IPO is scheduled to open on September 15, 2026, and close on September 17, 2026.
What is the Vama Wovenfab IPO price band?
The price band is ₹324 to ₹341 per equity share.
What is the Vama Wovenfab IPO lot size?
The lot size is 400 shares. The minimum retail application is 2 lots, or 800 shares.
What is the minimum investment in Vama Wovenfab IPO?
At the upper price band of ₹341, the minimum retail investment for 800 shares is ₹2,72,800.
Where will Vama Wovenfab IPO be listed?
The shares are proposed to be listed on the BSE SME platform.
What is Vama Wovenfab IPO GMP today?
Recent GMP trackers are showing no confirmed GMP/₹0. GMP is unofficial and can change before listing.
When is Vama Wovenfab IPO allotment?
The tentative basis of allotment is September 18, 2026, with share credit/refund expected on September 21 and listing scheduled for September 22.