Vandan Foods IPO Receives 0.72 Times Applications for Subscription by Day 2
By Shishta Dutta | Updated at: Oct 20, 2025 02:26 PM IST
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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