Vinod Texworld IPO

Incorporated in 2012, Vinod Texworld Limited is an integrated textile company engaged in manufacturing, processing and supplying textile products across domestic and international markets. Its operations primarily include sourcing greige fabric and undertaking dyeing and printing processes before marketing the finished fabrics. The company manufactures cotton, polyester and blended fabrics through its facility in Ahmedabad, Gujarat. Its manufacturing facility is spread across approximately 5,949 square metres of owned land and has an installed capacity of around 22.5 million metres annually. Vinod Texworld has a domestic network across Gujarat, Punjab, Haryana, Delhi, Rajasthan, Uttar Pradesh and West Bengal. The company had 103 employees as of 31 August 2025.

Vinod Texworld Limited IPO Overview

Vinod Texworld Limited is launching a fixed-price IPO of ₹42.83 crore comprising 45,56,400 fresh equity shares. The issue opens for subscription on 9 September 2026 and closes on 11 September 2026, with the basis of allotment expected on 15 September 2026. Refunds and credit of shares to demat accounts are scheduled for 16 September 2026, while the shares are proposed to list on the NSE SME platform on 17 September 2026. The issue price is fixed at ₹94 per share, with a face value of ₹10 per share. The lot size is 1,200 shares, while individual investors are required to apply for a minimum of two lots, or 2,400 shares, involving ₹2,25,600. The company has appointed Novus Capital Advisors Pvt. Ltd. as the book-running lead manager and KFin Technologies Ltd. as the registrar. The issue also includes a 2,28,000-share market-maker reservation.

Vinod Texworld Limited IPO Details

Particulars	Details
IPO Date	9 September 2026 to 11 September 2026
Listing Date	17 September 2026
Face Value	₹10 per share
Issue Price	₹94 per share
Lot Size	1,200 Shares
Total Issue Size	45,56,400 shares (aggregating up to ₹42.83 Cr)
Fresh Issue	45,56,400 shares (aggregating up to ₹42.83 Cr)
Offer for Sale	NA
Issue Type	Fixed Price IPO
Listing At	NSE SME
Share Holding Pre Issue	1,16,01,200 shares
Share Holding Post Issue	1,61,57,600 shares
Market Maker Portion	2,28,000 shares

Vinod Texworld Limited IPO Reservation

Investor Category	Shares Offered
Retail	50% of the Net Issue
NII (HNI)	50% of the Net Issue

Vinod Texworld Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	2,400	₹2,25,600
Retail (Max)	2	2,400	₹2,25,600
HNI (Min)	3	3,600	₹3,38,400

Vinod Texworld Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	93.10%
Post-Issue	66.85%

Vinod Texworld Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹8.97
Price/Earnings (P/E) Ratio	10.48x
Return on Net Worth (RoNW)	24.31%
Net Asset Value (NAV)	₹27.57
Return on Equity	24.31%
Return on Capital Employed (ROCE)	31.80%
EBITDA Margin	6.66%
PAT Margin	3.04%
Debt to Equity Ratio	2.07

Objectives of the Proceeds

1. Expansion of Existing Plant:

₹6.39 crore will be used to expand the existing fabric processing and dyeing plant and add processing capacity.

2. Repayment of Loan:

₹7.15 crore will be utilised towards repayment of outstanding borrowings to reduce the company’s debt burden.

3. Working Capital Requirement:

₹20.35 crore will support inventory, receivables and other working capital requirements arising from business operations.

4. General Corporate Purposes:

₹5.97 crore will be utilised for general corporate requirements and other permitted business purposes.

Key Financials (in ₹ crore)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	177.21	154.21	117.08
Total Income	335.56	271.65	200.73
Profit After Tax	9.21	5.30	0.68
Reserves and Surplus	20.38	11.17	5.00
Total Borrowings	66.28	47.01	34.88

IPO Strengths of Vinod Texworld Limited

1. Promoters and management have experience in the textile manufacturing and processing industry.

2. Integrated operations cover greige fabric sourcing, dyeing and printing processes.

3. Manufacturing facility has an installed capacity of approximately 22.5 million metres annually.

4. Established domestic presence across multiple Indian states supports its distribution network.

5. The company serves both domestic and international textile markets.

6. The IPO proceeds are intended to support plant expansion and working capital requirements.

Peer Group Comparison

Company Name	EPS (Basic)	NAV (₹)	P/E (x)	RoNW (%)	P/BV (x)
Vinod Texworld	7.94	27.57	—	28.79	—
Peer Group
Jakharia Fabric	8.06	54.52	13.32	14.78	2.28
Borana Weaves	20.14	43.91	10.85	45.92	5.07