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₹94 - 94 Amounts at the upper price band.
Vinod Texworld Ltd
TextilesIPOSME
₹94 - 94
"Vinod Texworld Limited" is engaged in the business of manufacturing, processing, and supplying textile products. The company operates in India and caters to both domestic and international markets. Its core operations include dyeing and printing of greige fabric, which is subsequently marketed and sold. The company's product portfolio includes cotton, polyester, and blended fabrics.
Lot1,200Min Invest₹2,25,600Face Value₹10Issue Size₹43 CrFresh Issue₹43 CrListing Price₹94CMP₹23
Timeline
9 Sept
Bidding opens
11 Sept
Bidding closes
15 Sept
Allotment
16 Sept
Refund & demat credit
17 Sept
Listing
Subscription · As of 7:00 PM, 11 Sept
Shares & amount
CategorySubscriptionShares OfferedShares BidAmt ₹ CrNII0.37x21.64 L7.94 L7.46Retail2.91x21.64 L62.95 L59.18Total1.57x45.56 L71.72 L67.42
Reports
Offer Details
Terms
Issue Size₹43 Cr0.46 Cr shares
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 Group93.11%66.86%Public6.89%33.14%
Objects of the Issue
- Expansion of Existing Plant
- Repayment of Loan
- To meet working capital requirements
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 272 | 201 | 271 | 335 | 343 |
| Operating ProfitCr | 5 | 5 | 12 | 21 | 23 |
| OPM% | 1.7 | 2.4 | 4.6 | 6.3 | 6.7 |
| PBTCr | 2 | 1 | 7 | 13 | 14 |
| PATCr | 2 | 1 | 5 | 9 | 10 |
| EPS | 2 | 1 | 5 | 8 | 9 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 11 | 11 | 12 | 12 | 12 |
| ReservesCr | 1 | 5 | 11 | 21 | 31 |
| BorrowingsCr | 22 | 35 | 47 | 66 | 70 |
| Total AssetsCr | 85 | 117 | 154 | 178 | 182 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | -2 | -6 | -7 | -12 | 8 |
| Investing Cash FlowCr | -7 | -6 | -6 | -2 | -6 |
| Financing Cash FlowCr | 8 | 14 | 11 | 14 | -2 |
| Net Cash FlowCr | 0 | 2 | -2 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Quality Assurance.
- Financial Performance with Improving Profitability but Negative Operating Cash Flows.
- 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 Manufacturing Model with Working Capital Sensitivity.
Strategies · as stated in the DRHP
- Established Client Relationships and Customer Retention.
- Relationship with wholesalers, retailers and semi wholesalers.
- Customer-Centric Operations.
- Experienced Management and Operational Team.
- Timely Order Fulfilment and Operational Efficiency.
- Quality Control Mechanisms.
Risks · as stated in the DRHP
- The company's corporate guarantee obligations and other contingent liabilities, including GST demands and bank guarantees, may materially and adversely affect its financial condition, cash flows and operations.
- The Company's recent credit ratings reflect moderate credit risk and may impact its financial flexibility and ability to raise funds on favourable terms.
- The company's top ten customers contribute a major portion of its revenue, and the loss of the Company from one or more of them may adversely affect its revenues and profitability.
- The company requires high working capital for its smooth day to day operations of business and any discontinuance or the company's inability to acquire adequate working capital timely and on favourable terms may have an adverse effect on its operations, profitability and growth prospects.
- The company derives a significant portion of its revenue from operations from domestic sales which exposes the company to risks specific to Indian market and geographies.
- Its Group Companies and Promoter Group Entities operates in the broader textile and garment industry and the company has entered into related party transactions with them; however, any potential conflict of interest may still arise despite existing non-compete arrangements with Group Companies.