Vandan Foods IPO Receives 0.72 Times Applications for Subscription by Day 2

Authored By Shishta Dutta | Last Modified: Oct 20, 2025 02:26 PM IST

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Ahmedabad, July 1, 2025 – Vandan Foods Ltd (BSE SME: VFL) received a total bid for 19.06 lakh equity shares on Day 2 of its ₹30.36 crore fixed price IPO, reflecting an overall subscription of 0.72 times against the offer size of 26.40 lakh equity shares.

This response can be attributed to its momentum ahead of the final bidding day.

Subscription Snapshot (as of 3:59 PM, July 1)

Category	Shares Bid For	Applications Received	Subscription (X)
Qualified Institutional Buyers (QIBs)	4,800	2	0.04
Non-Institutional Investors (NIIs)	2,19,600	34	0.17
Retail Individual Investors (RIIs)	16,82,400	1,402	1.34
Total	19,06,800	1,438	0.72

Note: RII category has already crossed full subscription on Day 2.

Retail Bidding Trends

Within the RII segment:

Cut-Off bids accounted for 1.80 lakh shares across 150 applications.
Price bids stood at 15.02 lakh shares from 1,252 applications.

Issue Details Recap

Parameter	Details
Issue Period	June 30 to July 2, 2025
Total Issue Size	₹30.36 crore (26.40 lakh shares)
Price per Share	₹115 (Face ₹10 + Premium ₹105)
Minimum Lot Size	1,200 shares
Listing Exchange	BSE SME
Post-Issue Share Capital	₹8.38 crore

About the Company

Vandan Foods Ltd, incorporated in 2015 and headquartered in Ahmedabad, operates in the castor oil processing and by-product segment. With a shift to in-house manufacturing, the company serves a wide industrial base with refined castor oil and de-oiled cake products.

Vandan Foods IPO remains open for bidding until July 2, 2025, with strong retail interest leading the momentum. Following closure, final subscription figures and allotment status will be updated.

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