Vama Wovenfab IPO GMP today is Rs 3. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
VAMA
Vama Wovenfab IPO GMP & Allotment
Vama Wovenfab manufactures Polypropylene and High-Density Polyethylene woven sacks and fabrics while also engaging in the trading of plastic granules. The company operates a manufacturing facility in Daman equipped with tape extrusion plants, circular looms, lamination plants, and bag-making machines. The production process involves converting plastic granules into plastic threads, weaving them into tubular fabric using circular looms, and further processing the fabric into finished bags. Key product offerings include colored woven fabric sheets, trampoline sheets, and loop handle bags. The company generates its revenue primarily through bulk institutional sales, serving a wide range of end-use sectors. These end-user sectors include the food products, agro-pesticides, construction chemicals, paper, rope, packaging, fast-moving consumer goods, and fertilizer industries.
- IPO Price Band
- ₹324.00 - ₹341.00
- Lot Size
- 400 Shares
- Bidding Closes
- 17 Sept 2026
- Listing Date
- 22 Sept 2026
Quick Answer & Highlights
Vama Wovenfab IPO GMP Today & Key Takeaways
Last updated: 18 Sept 2026
Vama Wovenfab IPO officially listed on 22 Sept 2026 at Rs 3.76, delivering a -98.90% listing gain compared to its issue price of Rs 49.54. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹3.
Vama Wovenfab IPO officially listed on 22 Sept 2026 at ₹3.76, delivering a -98.90% listing gain compared to its issue price of ₹49.54. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹3.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹3 | +0.88% vs upper band (18 Sept 2026) |
| Est. Listing Price | ₹3.76 | -98.90% Est. Listing Gain |
| Price Band | ₹324.00 - ₹341.00 | SME IPO |
| Retail Minimum Investment | ₹2,72,800 | 2 Lot (400 Shares) |
| Bidding Window | 15 Sept 2026 – 17 Sept 2026 | Listed |
| Allotment & Listing Dates | Allotment: 18 Sept 2026 | Listing: 22 Sept 2026 |
Current GMP Status
₹3
+0.88% vs upper band
Est. Listing Gain
-98.90%
Last Trend
18 Sept 2026
Listing Price
₹3.76
Retail Entry
₹2,72,800
IPO Details
Complete IPO information
| IPO Open Date | 15 Sept 2026 |
|---|---|
| IPO Close Date | 17 Sept 2026 |
| IPO Price Band | ₹324.00 - ₹341.00 |
| Lot Size | 400 Shares |
| Current GMP | ₹3 |
| Estimated Listing Gain | -98.90% |
| Issue Size | Approx ₹49.54 Cr |
| Fresh Issue | Approx ₹49.54 Cr |
| Issue Type | SME |
| IPO Listing | BSE SME |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 2.58x |
| Minimum Investment | ₹2,72,800 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 0.14 | 0.14 | 1xx |
| NII | 3.48 | NaN | 1.97xx |
| Retail | 10.9 | 30.53 | 2.80xx |
| Overall Subscription | 14.53 | 37.54 | 2.58xx |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Vama Wovenfab is priced at ₹341 per share. With a minimum lot size of 400 shares, a retail investor applying for one lot would need approximately ₹2,72,800 to participate in this SME issue.
The latest recorded Grey Market Premium for Vama Wovenfab stands at ₹3, implying an estimated listing gain of around 0.88% over the issue price if it holds until listing. This is down ₹27 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Vama Wovenfab's IPO was subscribed 2.58x overall, with a category-wise breakdown of Retail 2.8x, QIB 1x, NII 1.97x.
Among the strengths highlighted in Vama Wovenfab's IPO documents: Established long-term partnerships with institutional customers.; Deep understanding and prioritization of varying customer needs..
Investors should also weigh the risk factors Vama Wovenfab has disclosed, including: High reliance on a limited number of bulk purchasers for the majority of revenue..
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
15 Sept 2026
✓
Bidding Closes
17 Sept 2026
✓
Allotment
18 Sept 2026
✓
Listing
22 Sept 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 15 Sept 2026 | Completed |
| Bidding Closes | 17 Sept 2026 | Completed |
| Allotment | 18 Sept 2026 | Completed |
| Listing | 22 Sept 2026 | Completed |
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 18 Sept 2026 | ₹3.00 | -₹27.00 | 0.88% |
| 16 Sept 2026 | ₹30.00 | +₹20.00 | 8.80% |
| 15 Sept 2026 | ₹10.00 | +₹10.00 | 2.93% |
| 11 Sept 2026 | ₹0.00 | - | 0.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 800 | ₹2,72,800 |
| Retail Maximum | 2 Lot | 800 | ₹2,72,800 |
| S-HNI Minimum | 3 Lot | 1,200 | ₹4,09,200 |
| S-HNI Maximum | 7 Lot | 2,800 | ₹9,54,800 |
| B-HNI Minimum | 8 Lot | 3,200 | ₹10,91,200 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Issue Notes
Important takeaways before applying
Strengths
- Established long-term partnerships with institutional customers.
- Deep understanding and prioritization of varying customer needs.
- Strong track record of planned and on-time product deliveries.
- Consistent focus on continuous product and manufacturing process improvement.
- Supported by a highly skilled and experienced workforce
Risks
- High reliance on a limited number of bulk purchasers for the majority of revenue.
- The absence of long-term customer agreements exposes the company to attrition risks.
- Profitability is highly vulnerable to volatile prices of PP and HDPE raw materials.
- Geographic concentration of revenue is heavily reliant on Daman, Diu, and Maharashtra.
- Negative operating cash flows in recent financial years pose potential liquidity challenges.
Analysis
Vama Wovenfab IPO Reservation
The Vama Wovenfab IPO shares are reserved across different investor categories as part of the issue structure. The reservation details indicate the number of shares available to QIB, NII and retail investors.
Retail investors have the largest portion of the issue reservation, while NII investors receive the next significant allocation. The category-wise reservation details are provided below for a quick overview of the IPO share distribution.
| Investor Category | Share Offered | % Shares |
|---|---|---|
| QIB (Ex. Anchor) | 14,400 Shares | 0.99% |
| NII Shares Offered | 2,76,000 Shares | 19.00% |
| Retail Shares Offered | 10,89,600 Shares | 75.00% |
Note: The reservation percentages are based on the IPO allocation details provided for Vama Wovenfab.
Analysis
Vama Wovenfab IPO Dates
The Vama Wovenfab IPO is scheduled to open on September 15, 2026, and close on September 17, 2026. The basis of allotment is expected to be finalized on September 18, followed by the refund process and credit of allotted shares to investors' demat accounts.
The IPO listing is scheduled for September 22, 2026. Investors can use the following timeline to track the important stages of the Vama Wovenfab IPO from opening and closing of the issue through allotment, refunds, demat credit and listing.
| Particular | Details |
|---|---|
| IPO Open Date | September 15, 2026 |
| IPO Close Date | September 17, 2026 |
| Basis of Allotment | September 18, 2026 |
| Refunds | September 21, 2026 |
| Credit to Demat Account | September 21, 2026 |
| IPO Listing Date | September 22, 2026 |
Note: IPO dates are based on the schedule provided for Vama Wovenfab IPO.
Analysis
Vama Wovenfab IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 15 Sept 2026 |
| IPO Close Date | 17 Sept 2026 |
| Basis of Allotment | 18 Sept 2026 |
| Refunds | 21 Sept 2026 |
| Credit to Demat Account | 21 Sept 2026 |
| IPO Listing Date | 22 Sept 2026 |
Note: The timeline for Vama Wovenfab IPO is tentative and subject to change.
Analysis
Vama Wovenfab Objects of the Issue & Utilisation of Proceeds
The Vama Wovenfab IPO proceeds are planned to support the company's expansion and day-to-day operational requirements. A portion of the funds will be invested in capital expenditure for the construction of a shed and the purchase of machinery.
The largest portion of the issue proceeds is proposed to be used for meeting working capital requirements, helping the company support its ongoing business operations and funding its operational needs. The proposed utilisation of the IPO proceeds is given below.
| Particular | Details |
|---|---|
| Construction of Shed | ₹1.36 Cr |
| Purchase of Machinery | ₹7.25 Cr |
| Working Capital Requirements | ₹26.50 Cr |
| General Corporate Purposes | ₹- |
Note: The utilisation amounts are based on the IPO details provided for Vama Wovenfab.
Analysis
Vama Wovenfab Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | INR crores (%) |
| Capital Expenditure towards the Construction of a shed | 1.36 (2.74%) |
| Capital Expenditure towards Purchase of Machinery | 7.25 (14.63%) |
| To meet working capital requirements | 26.5 (53.49%) |
| General corporate purposes | 14.43 (29.14%) |
Note: Objectives are as specified in the DRHP/RHP documents of Vama Wovenfab.
Analysis
Vama Wovenfab Company Financials
Vama Wovenfab has recorded strong growth in revenue over the reported financial periods. Revenue increased from ₹27.87 Crores in 2024 to ₹214.62 Crores in 2026, reflecting a significant rise in the company's business scale.
Profit after tax also improved from ₹2.63 Crores in 2024 to ₹11.55 Crores in 2026. The company's assets stood at ₹74.18 Crores in 2026, while expenses increased alongside the growth in revenue. The key financial figures are provided below.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹27.87 Cr | ₹24.38 Cr | ₹2.63 Cr | ₹37.14 Cr |
| 2025 | ₹77.76 Cr | ₹68.84 Cr | ₹6.84 Cr | ₹67.47 Cr |
| 2026 | ₹214.62 Cr | ₹199.28 Cr | ₹11.55 Cr | ₹74.18 Cr |
Note: Amounts are presented in ₹ Crores based on the financial data provided for Vama Wovenfab IPO.
Analysis
Vama Wovenfab Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 27.87 Cr. | 24.38 Cr. | 2.63 Cr. | 37.14 Cr. |
| 2025 | 77.76 Cr. | 68.84 Cr. | 6.84 Cr. | 67.47 Cr. |
| 2026 | 214.62 Cr. | 199.28 Cr. | 11.55 Cr. | 74.18 Cr. |
Note: Financial numbers for Vama Wovenfab are in ₹ Crores unless stated otherwise.
Analysis
Vama Wovenfab Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | 50.37% |
| ROCE | 31.94% |
| EBITDA Margin | 8.32% |
| PAT Margin | 5.38% |
| Debt to Equity Ratio | 0.89 |
| Earning Per Share (EPS) | 30.90 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 50.37% |
| Net Asset Value (NAV) | 76.80 |
Note: Valuation KPIs for Vama Wovenfab are computed for FY2026.
Analysis
Vama Wovenfab IPO Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Aeroflex Neu Ltd | 0.45 | 183.18 | 1.27% | 39.08 | 101.25 Cr. |
| Kahan Packaging Limited | 4.30 | 4.53 | 11.20% | 40.54 | 30.38 Cr. |
Note: Peer group comparisons for Vama Wovenfab are sourced from DRHP filings.
Comparison
Compare Vama Wovenfab IPO with similar IPOs
FAQ
Vama Wovenfab IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 3 and an issue price of Rs 341, the estimated listing price for Vama Wovenfab IPO is Rs 344.00 (approx 0.88% listing gain). Actual listing price is determined by market demand on the listing day.
Vama Wovenfab IPO price band is Rs 324.00 to Rs 341.00. Check the latest issue price, lot size and GMP together before applying.
Vama Wovenfab IPO open date is 15 Sept 2026, close date is 17 Sept 2026, and listing date is 22 Sept 2026.
Vama Wovenfab IPO lot size is 400 shares. The minimum retail investment is Rs 2,72,800.
Vama Wovenfab is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Vama Wovenfab IPO subscription status currently shows Retail 2.8x, QIB 1x, NII 1.97x, Overall 2.58x.
Vama Wovenfab manufactures Polypropylene and High-Density Polyethylene woven sacks and fabrics while also engaging in the trading of plastic granules. The company operates a manufacturing facility in Daman equipped with tape extrusion plants, circular looms, lamination plants, and bag-making machines. The production process involves converting plastic granules into plastic threads, weaving them into tubular fabric using circular looms, and further processing the fabric into finished bags. Key product offerings include colored woven fabric sheets, trampoline sheets, and loop handle bags. The company generates its revenue primarily through bulk institutional sales, serving a wide range of end-use sectors. These end-user sectors include the food products, agro-pesticides, construction chemicals, paper, rope, packaging, fast-moving consumer goods, and fertilizer industries.
Vama Wovenfab IPO issue size is 49.54 and the expected allotment date is 18 Sept 2026.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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