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Vinod Texworld Ltd
TextilesIPOSME
₹94 - 94
Incorporated in 2012, Vinod Texworld Limited processes raw greige cloth (unbleached and unfinished woven textile) into dyed and printed cotton and blended fabrics from its manufacturing facility in Ahmedabad. The company has scaled by shifting away from low-margin contract job work (processing third-party material for a tolling fee) toward buying raw greige directly and selling finished fabric rolls to wholesale apparel traders.
Lot1,200Min Invest₹2,25,600Face Value₹10Issue Size₹43 CrFresh Issue₹43 Cr
Timeline
9 Sept
Bidding opens
11 Sept
Bidding closes
15 Sept
Allotment
16 Sept
Refund & demat credit
17 Sept
Listing
Subscription
Subscription opens 9 Sept
Reports
Offer Details
Terms
Issue Size₹43 Cr
Fresh Issue₹43 Cr
Face Value₹10
Lot Size1,200 shares
ReservationNII 50% · RETAIL 50%
Application Sizes
Retail₹2,25,6001-1 lots
sNII₹2,25,600from 2 lots
bNII₹10,15,200from 9 lots
Managers & Registrar
Lead ManagerFast Track Finsec Private Limited
RegistrarKFin Technologies Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group76.72%55.09%Public23.28%44.91%
Objects of the Issue
- Expansion of Existing Plant
- Repayment of Loan
- To meet working capital requirements
- General corporate purposes
Strengths & Risks
Strengths · as stated in the DRHP
- Quality Assurance.
- Experienced and Qualified Management and Employee base.
- Strong and Consistent Financial Performance.
- An integrated production processes and Committed to High-Quality, Versatile Products.
- Growing customer base and Cordial relations with Customers.
- Scalable and reliable business model.
Strategies · as stated in the DRHP
- Established Client Relationships and Customer Retention.
- Customer-Centric Operations.
- Experienced Management and Operational Team.
- Timely Order Fulfilment and Operational Efficiency.
- Quality Control Mechanisms.
- Resource Optimization.
Risks · as stated in the DRHP
- The company's top ten customers contribute a major portion of its revenue, and the loss of Company from one or more of them may adversely affect the company's revenues and profitability.
- The company has not entered into any long-term contracts with any of its customers and the company typically operate on the basis of purchase orders. Inability to maintain regular order flow would adversely impact the company's revenues and profitability.
- Our Company has negative cash flows from its operating activity and investing activity, details of which are given below. Sustained negative cash flow could adversely impact our business, financial condition and results of operations.
- The Company is currently involved in multiple legal proceedings for which it has received all legal communication in the Gujarati language and as on the date of the Draft Prospectus the company is unable to provide the translated copies.
- Our Company has extended a corporate guarantee of ?7,627.00 lakhs for a loan availed by a Promoter Group company, Vinod Cotfab Private Limited, as of March 31, 2025. This amount significantly exceeds our net worth of ? 3,198.00 lakhs, and any default by the borrower could materially impact our financial health.
- Any change in customer preferences or perception of our product quality, or our failure to meet customer-specified quality standards and technical specifications, may adversely affect our reputation, business relationships, and financial performance.