Vama Wovenfab IPO GMP, Price Band, Allotment Date
Vama Wovenfab IPO is a SME issue open from 15-17 Sept. The company is raising ₹50 Cr at a price band of ₹324 to ₹341 per share. One lot is 400 shares.
Vama Wovenfab IPO GMP (grey market premium)
₹0
Implied listing gain: ₹- (0.00%)
On the GMP figure: grey market premium is quoted by informal dealers. No exchange publishes it, no regulator oversees it, and it is not a forecast of the listing price. Issues quoting a strong premium have listed below their issue price. Weigh the financials and the risk factors in the RHP well above this number.
Vama Wovenfab IPO Analysis
Our reading of the numbers below — growth rates, margins, pricing and demand are calculated from the company's own filed figures, not copied from anywhere.
Minimum retail investment
₹1,36,400
400 shares at the upper band of ₹341
Retail limit
1 lot
the most that fits under the ₹2 lakh retail cap
Funds blocked after close
~5 days
from the closing date to listing
Fresh issue share
94%
₹47 Cr of the ₹50 Cr issue
Revenue growth
+176%
31 Mar 2025 → 31 Mar 2026
Profit growth
+68.9%
PAT ₹6.84 Cr → ₹11.55 Cr
Net profit margin
5.4%
was 8.8% in 31 Mar 2025
Debt to equity
0.89
lower is safer
Return on equity
50.37%
ROE
Peer listing record
3 of 5 listed above issue price
median listing move +8.9%
Promoter holding
100% → 72%
diluted by 28 percentage points
Vama Wovenfab is an SME issue raising ₹50 Cr, offered in a band of ₹324–₹341 per share. At the upper end that is 34.1 times the ₹10 face value, so ₹331 of every share subscribed is share premium rather than capital. SME issues list on the BSE SME or NSE Emerge platform rather than the main board. They trade in fixed lots after listing, carry no retail-versus-HNI cut-off bidding, and are usually far less liquid, so exiting a position can take longer than on the main board.
A retail application for Vama Wovenfab needs one lot of 400 shares, which works out to ₹1,36,400 at the upper band of ₹341. SME lots are deliberately sized above ₹1,00,000, so this is a far larger single commitment than a mainboard application and rules out most small investors. Retail applications are capped at ₹2,00,000, which here is 1 lot; bidding above that moves the application into the non-institutional category, and the large-HNI bucket begins at ₹10,00,000, or about 8 lots.
For Vama Wovenfab, bidding runs 15-17 Sept, allotment is finalised on 18 Sep 2026, the shares list on 22 Sep 2026. Applications that do not receive an allotment have their UPI mandate released around 1 day after the issue closes. Counting from the close of bidding, money stays blocked for roughly 5 days before listing decides what the holding is worth.
The issue is reserved 0.99% to qualified institutional buyers, 19% to non-institutional investors, 75% to retail. A 75% retail share is the wider end of the range, which improves the odds for small applications when the book is only modestly oversubscribed. An oversubscribed retail portion is not allotted in proportion to the amount applied for: applications are reduced to single lots and drawn by lot, so several small applications from different PANs are more effective than one large one.
The issue splits into ₹47 Cr of fresh capital (94%) and ₹3 Cr as an offer for sale. The company keeps the fresh portion for the objects of the issue, while the rest is existing shareholders monetising their stake.
Revenue moved from ₹77.76 Cr in 31 Mar 2025 to ₹214.62 Cr in 31 Mar 2026 (+176%), while profit after tax went from ₹6.84 Cr to ₹11.55 Cr (+68.9%). Growth in profit broadly tracks growth in revenue.
Recently listed companies in the same space trade at a median price-to-earnings ratio of about 19.6. Comparing that with the multiple implied by this issue's ₹324–₹341 band is a more useful test of pricing than looking at the grey market premium alone.
Maashitla Securities Pvt.Ltd. is the registrar for this issue, which means the allotment status for Vama Wovenfab is published on their portal from 18 Sep 2026. A PAN, application number or demat client ID is enough to look it up; the credited shares also appear in the demat account itself a day or so before listing.
What looks good
- Return on equity of 50.37% is strong for the sector.
What to watch
- There is no grey market premium on this issue at present, which points to muted listing-day expectations.
This analysis is generated from the figures shown on this page and is for information only. It is not investment advice — read the RHP before you apply.
| IPO Date | 15-17 Sept |
| Face Value | ₹10 Per Share |
| Price Range | ₹324 to ₹341 |
| Issue Size | ₹50 Cr |
| Lot Size | 400 Shares |
| Allotment Date | 18 Sep 2026 |
| Listing Date | 22 Sep 2026 |
| Registrar | Maashitla Securities Pvt.Ltd. |
Quota Allocation
| Category | Allocation |
|---|
| Retail Investors | 75% |
| QIB (Qualified Institutional Buyers) | 0.99% |
| HNI (High Net Worth Individuals) | 19% |
IPO Details
| Total Issue Size | 14,52,800 shares (agg. up to ₹50 Cr) |
| Reserved for Market Maker | 72,800 shares (agg. up to ₹2 Cr)Nikunj Stock Brokers Ltd. |
| Fresh Issue (Ex Market Maker) | 13,80,000 shares (agg. up to ₹47 Cr) |
| Net Offered to Public | 13,80,000 shares (agg. up to ₹47 Cr) |
| Share Holding Pre Issue | 37,36,164 shares |
| Share Holding Post Issue | 51,88,964 shares |
IPO Timetable (Tentative)
| IPO Open | Tue, Sep 15, 2026 |
| IPO Close | Thu, Sep 17, 2026 |
| Allotment | Fri, Sep 18, 2026 |
| Refund | Mon, Sep 21, 2026 |
| Credit of Shares | Mon, Sep 21, 2026 |
| Listing | Tue, Sep 22, 2026 |
Issue Reservation
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|
| QIB | 14,400 | 1.04% | 0.99% |
| NII (HNI) | 2,76,000 | 20.00% | 19.00% |
| − bNII > ₹10L | 1,83,600 | | 12.64% |
| − sNII < ₹10L | 92,400 | | 6.36% |
| Retail | 10,89,600 | 78.96% | 75.00% |
| Firm Reservations |
| Market Maker | 72,800 | | 5.01% |
| Total | 14,52,800 | 100.00% | 100.00% |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|
| Individual investors (IND) (Min) | 2 | 800 | ₹2,72,800 |
| Individual investors (IND) (Max) | 2 | 800 | ₹2,72,800 |
| S-HNI (Min) | 3 | 1200 | ₹4,09,200 |
| S-HNI (Max) | 7 | 2800 | ₹9,54,800 |
| B-HNI (Min) | 8 | 3200 | ₹10,91,200 |
Company Financials (Restated)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|
| Assets | 74.18 | 67.47 | 37.14 |
| Total Income | 214.62 | 77.76 | 27.87 |
| Profit After Tax | 11.55 | 6.84 | 2.63 |
| EBITDA | 17.86 | 10.37 | 5.10 |
| NET Worth | 28.69 | 17.15 | 9.05 |
| Reserves and Surplus | 24.96 | 13.41 | 5.44 |
| Total Borrowing | 25.44 | 16.94 | 11.17 |
| Amount in ₹ Crore |
Recently Listed IPOs in Other Industrial Products
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|
| Phychem Technologies Ltd. | SME | ₹14.58 Cr | ₹54 | 9.96 | ₹58.80 | +8.89% | ₹49.37 |
| Technocrats Plasma Systems Ltd. | SME | ₹60.98 Cr | ₹132 | 11.38 | ₹241.50 | +82.95% | ₹408.60 |
| Liotech Industries Ltd. | SME | ₹36.03 Cr | ₹321 | 23.13 | ₹244.15 | -23.94% | ₹86.54 |
| Narmadesh Brass Industries Ltd. | SME | ₹44.87 Cr | ₹515 | 19.63 | ₹470.25 | -8.69% | ₹348.95 |
| Hy-Tech Engineers Ltd. | Mainboard | ₹135.73 Cr | ₹53 | 19.63 | ₹78.75 | +48.58% | ₹85.60 |
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|
| 1 | Capital Expenditure towards Construction of shed | 1.36 |
| 2 | Capital Expenditure towards Purchase of Machinery | 7.25 |
| 3 | To meet working capital requirements | 26.50 |
| 4 | General Corporate Purposes | |
| Total | 35.11 |
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 |
|---|
| ROE | 50.37% |
| ROCE | 31.94% |
| Debt/Equity | 0.89 |
| RoNW | 50.37% |
| PAT Margin | 5.38% |
| EBITDA Margin | 8.32% |
| NAV | 76.80 |
| Price to Book Value | 4.44 |
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|
| EPS (₹) | 30.90 | 22.25 |
| P/E (x) | 11.04 | 15.33 |
| Market Cap at Offer Price | ₹127.40 Cr. | ₹176.94 Cr |
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|
| Promoter and Promoter Group | 100% | 72% |
| Public | | 28.00% |
| Total | 100% | 100% |
IPO Details
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
About Vama Wovenfab
Incorporated in March 2011, Vama Wovenfab Limited is an ISO 9001:2015 certified manufacturer of PP and HDPE woven sack bags and fabric-based packaging products. The Company also trades in plastic granules and provides customised bulk packaging solutions to B2B customers across industries such as agriculture, food processing, chemicals, fertilizers, sugar and cement.
The Company's product portfolio includes PP/HDPE woven bags and fabrics, BOPP bags, HDPE trampoline sheets, coloured woven fabric sheets and loop handle bags in different sizes, weights and colours as per customer requirements. Its manufacturing process involves melting and extruding plastic granules into tapes, weaving them into fabric and converting the fabric into customised finished bags. The Company also uses recycled granules and various additives and ancillary materials to enhance product quality and performance.
The Company operates its manufacturing facility in Nani Daman, Daman, where production of PP/HDPE woven sack bags and fabrics commenced in 2013. The facility is supported by skilled manpower, in-house quality control systems and stable power supply.
The Company has established long-term relationships with customers and focuses on customised solutions, timely delivery, product quality and continuous process improvement.
As of April 30, 2026, the Company had 94 employees, including 85 employees in operations.
Customised packaging solutions.
Skilled and experienced workforce.
Established manufacturing capabilities.
Strong long-term customer relationships.
Focus on product and process improvement.
Vama Wovenfab IPO — common questions
What is Vama Wovenfab IPO?
Vama Wovenfab IPO is a SME issue open from 15-17 Sept. The company is raising ₹50 Cr at a price band of ₹324 to ₹341 per share. One lot is 400 shares.
When does Vama Wovenfab IPO open and close?
The issue is open 15-17 Sept. Bids must be placed, and any UPI mandate approved, before the cut-off on the closing day.
What is the Vama Wovenfab IPO price band?
The price band is ₹324 to ₹341 per equity share, against a face value of ₹10. Retail investors may bid at cut-off, meaning they accept the final discovered price within this band.
What is the Vama Wovenfab IPO lot size?
The minimum application is 400 shares, and bids must be in multiples of that lot.
What is the Vama Wovenfab IPO issue size?
The total issue size is ₹50 Cr.
How is Vama Wovenfab IPO reserved between investor categories?
The issue is reserved as retail 75%, QIB 0.99%, HNI 19%. If the retail portion is oversubscribed, allotment there is decided by a lottery on lot-sized applications rather than in proportion to the amount applied for.
When is the Vama Wovenfab IPO allotment date?
Basis of allotment is expected to be finalised on 18 Sep 2026. You can check your status on the registrar's website (Maashitla Securities Pvt.Ltd.) using your PAN.
When does Vama Wovenfab IPO list?
Listing is expected on 22 Sep 2026, following the T+3 timeline that applies to Indian IPOs.
