Vinod Texworld
Vinod Texworld is a textile company incorporated in 2012 that specializes in the manufacturing, processing, and supply of diverse textile products. The company primarily focuses on dyeing and printing greige fabric across cotton, polyester, and blended fabric categories for domestic and international clients.
Price Band
₹94 - ₹94
Lot Size
2400 Shares
Issue Size
₹42.83 Cr
Fresh Issue
₹42.83 Cr
OFS
N/A
Registrar
AI Sentiment Score
Current GMP
+₹1
Est. Listing: ₹95 (+1.1%)
📅 IPO Timeline
✓
Open
Sep 9
2
Close
Sep 11
3
Allotment
Sep 15
4
Refund
Sep 16
5
Demat
Sep 16
6
Listing
Sep 17
✨ AI Analysis & Prediction
+2.7%
predicted listing gain
The baseline GMP is negligible (1.06%), and the lack of QIB interest (0.0x) significantly drags down the listing sentiment. While the small float and strong ROE provide a slight cushion, the high debt-to-equity ratio and poor institutional demand suggest a risk of listing at a discount or flat.
💪 Strengths
- Consistent revenue and profit growth over 3 years
- High ROCE (31.8%) and ROE (24.31%)
- Attractive P/E ratio compared to listed peers
⚠️ Weaknesses
- High debt-to-equity ratio (1.65)
- Low PAT margins (approx 3.04%)
- Lack of institutional (QIB) interest
🚀 Opportunities
- Expansion of existing plant to increase capacity
- Diversification into new textile blends and international markets
🛡️ Threats
- High volatility in raw material (greige fabric) prices
- Intense competition in the SME textile processing sector
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Expansion of Existing Plant | ₹6.39 |
| Repayment of Loan | ₹7.15 |
| To meet Working Capital Requirement | ₹20.35 |
| General Corporate Purposes | ₹5.97 |
| Issue Expenses | ₹2.97 |
📊 Financial Overview
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 271.00 Cr | Rs 335.00 Cr | Rs 343.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs 5.00 Cr | Rs 9.00 Cr | Rs 10.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 13.00 Cr | Rs 21.00 Cr | Rs 23.00 Cr |
| Borrowings (₹ Cr) | Rs 47.00 Cr | Rs 66.00 Cr | Rs 70.00 Cr |
| Total Assets (₹ Cr) | Rs 154.00 Cr | Rs 178.00 Cr | Rs 182.00 Cr |
| ROCE % | 16.00% | 21.00% | 19.00% |
Company P/E
10.5x
Debt/Equity
1.65
📋 Live Subscription Status
QIB
0.00x
NII
0.30x
Retail
2.91x
Total
1.60x
Updated: Sep 12, 2026 8:07 AM
💼 Reservation Quota
QIB
0.00%
Retail
50.00%
NII
50.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Incorporated in 2012, Vinod Texworld has evolved into a comprehensive textile processor. The company manages the entire production lifecycle, starting from the procurement of greige (undyed) fabric to the final production of high-quality dyed and printed textiles.
Their core business model revolves around the value addition of fabrics, operating across various material types including cotton, polyester, and blended fabrics. This versatility allows them to cater to a wide range of client requirements in the textile industry.
Operationally, the company maintains a manufacturing facility spanning approximately 5,949 square meters. This facility boasts a significant production capacity, capable of producing up to 2.25 crore meters of fabric annually, ensuring they can scale according to market demand.
The company has established a robust geographic footprint across several key Indian states, including Gujarat, Punjab, Haryana, Delhi, Rajasthan, Uttar Pradesh, and West Bengal, facilitating efficient distribution and market reach.
Vinod Texworld is led by its promoters—Harsh Vinod Mittal, Yash Vinod Mittal, and Sweta Yash Mittal—who have guided the firm from its inception to its current scale as an SME player in the competitive textile sector.
Vinod Texworld is launching a Fixed Price IPO to raise approximately ₹42.83 crore, consisting entirely of a fresh issue. The IPO is priced at ₹94 per share with a minimum lot size of 2,400 shares, requiring an application amount of ₹2,25,600. The issue opens on September 9, 2026, closes on September 11, 2026, and is scheduled to list on the NSE SME platform on September 17, 2026.
The proceeds from the fresh issue are strategically allocated toward growth and liability management. Specifically, ₹20.35 crore is earmarked for working capital requirements, ₹7.15 crore for the repayment of loans, ₹6.39 crore for the expansion of the existing plant, and the remainder for general corporate purposes and issue expenses.
Financial performance shows a steady upward trajectory in both top and bottom lines. Revenue grew from ₹271.65 crore in FY24 to ₹342.96 crore in FY26. Similarly, Net Profit (PAT) increased from ₹5.49 crore in FY2024 to ₹10.41 crore in FY2026, demonstrating consistent operational growth.
From a valuation perspective, the company is priced at a P/E ratio of 10.48 based on FY26 earnings, with an EPS of ₹8.97. When compared to peers like Borana Weaves (P/E 12.61) and Jakharia Fabric (P/E 22.08), Vinod Texworld appears reasonably priced, potentially offering a margin of safety.
Investment strengths include a strong Return on Equity (ROE) of 24.31% and a healthy ROCE of 31.80%. However, the high debt-to-equity ratio of 1.65 is a primary concern, as it indicates significant leverage on the balance sheet.
Overall, while the growth trends and valuation are attractive, the complete absence of QIB quota and low initial subscription figures suggest a cautious approach. Investors should weigh the operational efficiency against the financial leverage and SME listing liquidity risks.