Smart Market Insights
Vama Wovenfab IPO Details: Key Dates, Price Band & Investment Overview
By Wealthova | Last Updated: September 10, 2026
Vama Wovenfab Limited, an established player in the manufacturing of custom high-density polyethylene (HDPE) and polypropylene (PP) woven products, is gearing up to make its primary market debut with an upcoming ₹49.54 Crore SME IPO. Operating a production facility in Daman since 2011, the company focuses on delivering high-quality plastic packaging solutions, including woven sacks and fabrics, to a diverse industrial B2B client base. Operating a highly scalable and reliable business model, Vama Wovenfab provides critical bulk packaging and protective cover solutions backed by strong demand. The subscription window for this book-built issue opens on September 15, 2026, and closes on September 17, 2026. The price band is set between ₹324 to ₹341 per equity share, comprising entirely of a fresh issue of ₹49.54 Crore (14.53 lakh shares) with absolutely no Offer for Sale (OFS) component. The company plans to utilize the fresh capital primarily to fund working capital requirements, the acquisition of new machinery, and the construction of a new shed to enhance production capacity. Set to list on the BSE SME platform, market participants are closely watching this visible, asset-driven manufacturing enterprise, backed by a strong FY26 total revenue of ₹214.62 Crore and a net profit of ₹11.55 Crore. Below, we break down the financial health, industry risk factors, and our honest Smart Market Insights to help you decide if you should subscribe to this issue!
Vama Wovenfab IPO Details
Quick IPO Factsheet
September 15, 2026
September 17, 2026
₹324 to ₹341
(Book Built)400 Shares
(Min. 2 Lots for Retail)₹49.54 Cr
(14.53 Lakh Shares)₹49.54 Cr
(Entirely Fresh Issue)75.00% Allocation
₹10 Base
SME (BSE SME)
Vama Wovenfab IPO Timeline
Deep-Dive Corporate Profile: What Does Vama Wovenfab Limited Do?
Operating from its manufacturing facility in Daman since 2011, Vama Wovenfab Limited is an established manufacturer of high-quality plastic packaging materials. The company specializes in engineering customizable High-Density Polyethylene (HDPE) and Polypropylene (PP) woven products designed for heavy-duty industrial and commercial packaging applications.
- Specialized Product Portfolio: Vama Wovenfab manufactures a diverse range of packaging solutions. Its product line includes PP and HDPE Woven Bags, BOPP Laminated & Printed Bags, FIBC (Flexible Intermediate Bulk Container) Bulk Bags, and loop-handle bags.
- Durable Fabric & Tarpaulin Solutions: Beyond standard bags, the company produces PP and HDPE Fabric Rolls, Coloured Woven Fabric Sheets, and heavy-duty HDPE Laminated Tarpaulin Sheets. These materials are UV-stabilized, weather-resistant, and ideal for outdoor shelters, truck covers, and agricultural use.
- Multi-Industry Applications: The company operates primarily on a high-volume B2B model, supplying its high-strength woven sacks and flexible packaging to critical sectors. Its products are widely utilized across industries such as cement, agriculture, fertilizers, chemicals, food & beverages, construction, and bulk logistics.
Why is the Company Raising Funds? (Objects of the Issue)
The Vama Wovenfab IPO is a 100% Fresh Issue of ₹49.54 Crore (comprising 14.52 lakh equity shares). The issue structure is entirely focused on injecting capital into the business for operational scaling, with zero promoter dilution via an Offer for Sale (OFS).
- Working Capital Requirements: The largest portion of the net proceeds, amounting to ₹26.50 Crore, is dedicated to meeting the company's day-to-day operational expenses and ongoing working capital needs.
- Capital Expenditure (Machinery): Approximately ₹7.25 Crore is earmarked directly for the purchase and installation of new plant machinery to enhance their integrated production capacity.
- Capital Expenditure (Infrastructure): The company will utilize ₹1.36 Crore towards the construction of a new shed at their manufacturing facility.
- General Corporate Purposes: The remaining balance will be strategically deployed to fund general corporate purposes and business contingencies.
Company Financials
| 📅 Period Ended | 📈 Total Income | 💼 Net Worth | 💰 PAT | 🏦 Assets |
|---|---|---|---|---|
| FY 2024 | ₹27.87 | ₹9.05 | ₹2.63 | ₹37.14 |
| FY 2025 | ₹77.76 | ₹17.15 | ₹6.84 | ₹67.47 |
| FY 2026 | ₹214.62 | ₹28.69 | ₹11.55 | ₹74.18 |
Vama Wovenfab IPO Key Performance Indicators (KPIs)
| Financial KPI (FY26)* | Value |
|---|---|
| Return on Equity (ROE) | 50.37% (FY26) |
| Return on Capital Employed (ROCE) | 31.94% (FY26) |
| EBITDA Margin | 8.32% (FY26) |
| PAT Margin | 5.38% (FY26) |
| Debt to Equity Ratio | 0.89 (FY26) |
| Return on Net Worth (RoNW) | 50.37% (FY26) |
| Earnings Per Share (EPS) | ₹30.90 (Pre-IPO) | ₹22.25 (Post-IPO) |
| Price/Earning (P/E) Ratio | 11.04x (Pre-IPO) | 15.33x (Post-IPO) |
| Net Asset Value (NAV) | ₹76.80 (Pre-IPO) |
| Price to Book (P/B) | 4.44x (At Upper Band) |
Promoters & Shareholding Pattern
| Shareholder Category | Pre-IPO Holding | Post-IPO Holding |
|---|---|---|
| Promoter & Promoter Group | 100.00% | 72.00% |
| Public / Institutional / Others | 0.00% | 28.00% |
Vama Wovenfab Limited is promoted by Suresh Mohanlal Gupta, Vaibhav Suresh Gupta, Saurabh Suresh Gupta, and Nisha Vaibhav Gupta. Prior to this issue, the promoter group held a complete 100.00% equity stake. Post-issue, factoring in the ₹49.54 Crore fresh equity dilution (with absolutely no Offer for Sale), the promoter holding will comfortably adjust to a solid majority of 72.00%. The strategic allocation of the fresh capital heavily towards meeting extensive working capital requirements and purchasing plant machinery allows the company to significantly scale its manufacturing capabilities for custom woven packaging products while maintaining robust promoter control.
Industry Peer Comparison
| Company Name | EPS (₹) | P/E Ratio (Post-IPO) | NAV (₹) |
|---|---|---|---|
| Vama Wovenfab Ltd (IPO) | 22.25 | 15.33x | 76.80 |
| Kahan Packaging Limited | 4.30 | 4.53x | 40.54 |
| Aeroflex Neu Ltd | 0.45 | 183.18x | 39.08 |
IPO Strengths & Key Risks
Smart Market Insights
Vama Wovenfab Limited brings an established polymer processing and industrial packaging enterprise to the BSE SME platform. Operating from its manufacturing facility in Nani Daman, Daman, the ISO 9001:2015 certified company specializes in manufacturing custom High-Density Polyethylene (HDPE) and Polypropylene (PP) woven sacks, BOPP bags, and HDPE trampoline sheets. The company's financial scale has witnessed an extraordinary expansion, with Total Income multiplying nearly eightfold from ₹27.87 Crore in FY24 to ₹214.62 Crore in FY26. Over the same period, net earnings accelerated sharply, with Profit After Tax (PAT) surging from ₹2.63 Crore to ₹11.55 Crore, yielding an exceptional FY26 Return on Equity (ROE) of 50.37%.
A candid examination of the fundamentals highlights strong operational scale balanced against critical structural and cash flow risks. On the operational side, the business functions within a highly commoditized and fragmented packaging segment characterized by thin net margins—delivering an EBITDA margin of 8.32% and a PAT margin of 5.38% in FY26. More critically, the company carries severe client concentration risk, with its top customer accounting for nearly 63.68% of total revenue, exposing it heavily to single-client demand shocks. Furthermore, the company has historically reported negative operating cash flows. On the capital front, the ₹49.54 Crore issue is structured as a 100% Fresh Issue with no promoter offloading. Deploying the majority of proceeds toward meeting heavy working capital requirements (53.49%) and capital expenditure for new machinery and shed construction (17.38%) provides necessary liquidity, though navigating raw material price volatility (crude oil derivatives) remains a key operational monitorable.
At the upper price band of ₹341 per equity share (Face Value ₹10), the IPO is priced at a pre-issue P/E multiple of 11.04x and a post-issue P/E of 15.33x (based on FY26 post-issue EPS of ₹22.25), alongside a Price-to-Book (P/B) ratio of 4.44x against a pre-IPO NAV of ₹76.80. This represents a moderate valuation when measured against comparable listed peers such as Kahan Packaging (trading at 4.53x P/E) and Aeroflex Neu Ltd (trading at an outlier 183.18x P/E). Factoring in the retail investment requirement of ₹1,36,400 (1 lot / 400 shares), the aggressive revenue growth and moderate Debt-to-Equity profile (0.89x) present an attractive growth story. However, the extreme reliance on a single major client cannot be ignored. Backed by solid revenue momentum and a 100% fresh issue structure, Vama Wovenfab warrants an honest SUBSCRIBE (WITH CAUTION) rating for risk-tolerant investors who are comfortable with the high client concentration and commodity-linked margin pressures.
Disclaimer: The information provided above is for educational and informational purposes only and does not constitute financial advice. Initial Public Offerings (IPOs) carry market risks, and equity investments are subject to broader market fluctuations. Wealthova is not a SEBI-registered investment advisor. Always consult with a certified financial planner and conduct your own due diligence before locking up capital in any public issue.
Vama Wovenfab IPO Key Contacts & Advisors
| Role / Entity | Contact & Details |
|---|---|
| 📋 IPO Registrar |
Maashitla Securities Private Limited
451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, Delhi - 110034
Phone: +91-11-47581432 / +91-11-45121795
Email: investor.ipo@maashitla.com
Website: maashitla.com
|
| 🏢 Company Contact |
Vama Wovenfab Limited
Registered Office: 1104, W 92, L T Road, Borivali (West), Vazira Naka, Mumbai - 400092, Maharashtra, India
Phone: +91-8976850365
Email: info@vamawoven.com
Website: vamawoven.com
|
| 💼 Merchant Bankers |
Gretex Corporate Services Limited
A-401, Floor 4th, Plot FP-616 (PT), Naman Midtown, Senapati Bapat Marg, Near Indiabulls, Dadar (West), Mumbai, Maharashtra - 400013
Phone: 022-69308500
Email: info@gretexgroup.com
Website: gretexcorporate.com
|
Frequently Asked Questions (FAQs)
What are the opening and closing dates for the Vama Wovenfab IPO?
What is the minimum lot size and investment required for retail investors?
How can I check the allotment status for the Vama Wovenfab IPO?
- Wealthova (Recommended): Check directly on the Wealthova IPO Allotment Status Hub using your PAN number or Application Number for instant verification.
- Official Registrar Portal: Visit the official allotment portal of Maashitla Securities Private Limited.
- Stock Exchange Portal: Verify directly on the official BSE IPO allotment status page.