Vinod Texworld IPO is an upcoming SME public issue of Vinod Texworld Limited. The company operates in the textile manufacturing and processing industry, with its core business focused on dyeing and printing greige fabric and supplying finished textile products to customers in domestic and international markets.
The IPO is structured as a Fixed Price Issue at ₹94 per equity share and is proposed to be listed on NSE SME. The issue is scheduled to open on 9 September 2026 and close on 11 September 2026. The tentative allotment date is 15 September 2026, while the proposed listing date is 17 September 2026.
The company is seeking to raise approximately ₹42.83 crore through the public issue. The issue is primarily intended to support expansion of the existing plant, repayment of loans, working capital requirements and general corporate purposes.
Table of Contents
Vinod Texworld IPO Details Information
| Particulars | Details |
|---|---|
| IPO Name | Vinod Texworld IPO |
| Company Name | Vinod Texworld Limited |
| IPO Type | SME IPO |
| Issue Type | Fixed Price Issue |
| IPO Category | SME |
| Face Value | ₹10 per Equity Share |
| IPO Price | ₹94 per Equity Share |
| Issue Size | Approx. ₹42.83 Crore |
| Total Shares Offered | 45,56,400 Equity Shares |
| Fresh Issue | Fresh Issue |
| Offer for Sale | Nil |
| Market Maker Portion | 2,28,000 Shares |
| Net Public Issue | 43,28,400 Shares |
| IPO Opening Date | 9 September 2026 |
| IPO Closing Date | 11 September 2026 |
| Listing Exchange | NSE SME |
| Listing Date | 17 September 2026 |
| Lot Size | 1,200 Shares |
| Minimum Application | 2 Lots / 2,400 Shares |
| Minimum Investment | ₹2,25,600 |
| Registrar | KFin Technologies Limited |
| Lead Manager | Novus Capital Advisors Private Limited |
The issue price is fixed at ₹94 per share. Current IPO data indicates 45,56,400 shares in the issue, with 2,28,000 shares reserved for the market maker and 43,28,400 shares forming the net issue to the public.
IPO Dates & Timeline
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | 8 September 2026 |
| IPO Opening Date | 9 September 2026 |
| IPO Closing Date | 11 September 2026 |
| Basis of Allotment | 15 September 2026 |
| Initiation of Refunds | 16 September 2026 |
| Credit of Shares to Demat Account | 16 September 2026 |
| IPO Listing Date | 17 September 2026 |
The IPO is scheduled to remain open for three trading days, from 9 September to 11 September 2026. Allotment is expected to be finalized on 15 September, followed by refunds and demat credit on 16 September.
IPO Reservation
| Investor Category | Shares Offered | Reservation |
|---|---|---|
| Qualified Institutional Buyers | To be updated | To be updated |
| Non-Institutional Investors | 21,64,200 | 50% |
| Retail Individual Investors | 21,64,200 | 50% |
| Market Maker | 2,28,000 | Market Maker Portion |
Current issue information reports 50% of the net public issue for retail investors and 50% for non-institutional investors, while the market maker has a separate reservation of 2,28,000 shares.
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,400 | ₹2,25,600 |
| Retail Maximum | 2 | 2,400 | ₹2,25,600 |
| S-HNI Minimum | 3 | 3,600 | ₹3,38,400 |
| B-HNI Minimum | 9 | 10,800 | ₹10,15,200 |
The minimum individual application is 2 lots, representing 2,400 shares and an investment of ₹2,25,600 at the issue price of ₹94.
About Vinod Texworld Limited
Vinod Texworld Limited was originally incorporated as Shree Shiv Shakti Cot-Fab Private Limited on 19 July 2012. During FY2016-17, Vinod Manglchand Mittal, Harsh Vinod Mittal and Yash Vinod Mittal acquired the company’s entire shareholding. The company subsequently changed its name to Vinod Fabtex Private Limited and later to Vinod Texworld Private Limited before becoming Vinod Texworld Limited.
The company is an integrated textile business engaged in the manufacturing, processing and supply of textile products. Its major activities include dyeing and printing greige fabrics, followed by marketing and sale of the processed fabrics.
The company’s product portfolio includes cotton fabrics, polyester fabrics and blended fabrics. Its customer network covers multiple Indian states, while exports account for a relatively small portion of its revenue.
The registered office and manufacturing facility are located at 185/2, Saijpur, Gopalpur, Opposite Shanti Process, Piplaj Pirana Road, Ahmedabad, Gujarat – 382405. The company operates its manufacturing facility on owned premises covering approximately 5,949 square metres.
Business Operations
- Dyeing of greige fabrics into finished dyed fabrics.
- Printing of textile fabrics for various customer requirements.
- Processing of cotton, polyester and blended fabrics.
- Sourcing greige fabric and converting it into value-added finished fabric.
- Quality control across different stages of production.
- Marketing and supply of processed textile products.
- Domestic distribution across several Indian states.
- Limited export business, including sales to Nepal.
- Production and processing at the company’s Ahmedabad facility.
The manufacturing facility has an aggregate installed capacity of approximately 22.5 million metres per year. The company had 103 employees as of 31 August 2025.
Industry Overview
The Indian textile and apparel industry is an important manufacturing and employment sector. Textile processing, dyeing and printing are critical parts of the value chain because they add colour, appearance, functionality and market differentiation to greige fabrics.
Vinod Texworld operates in a competitive segment where demand can be influenced by apparel consumption, fashion trends, export markets, cotton and synthetic-fibre prices, energy costs and changing customer requirements.
The company’s focus on dyed and printed fabrics provides exposure to value-added textile processing rather than only supplying untreated greige fabric. However, the sector remains competitive and margins can be sensitive to raw-material, power, labour and processing costs.
Business Strategy
Customer Relationships and Retention
The company aims to maintain relationships with customers and generate repeat business through product quality, service and timely fulfilment.
Quality Control
Quality assurance is important in textile processing because customers can have specific requirements relating to colour, fabric composition, finishing and technical specifications.
Capacity Expansion
One of the stated IPO objectives is expansion of the existing plant. Additional capacity could allow the company to process higher volumes and address future customer demand.
Operational Efficiency
The company focuses on process management, resource optimization and timely order fulfilment to improve operating efficiency.
Market Expansion
Vinod Texworld has developed a domestic sales network across Gujarat, Punjab, Haryana, Delhi, Rajasthan, Uttar Pradesh and West Bengal.
Financial Information
The company’s reported financial performance has shown substantial growth in revenue and profitability over FY2023-FY2025.
| Financial Year | Revenue / Total Income (₹ Cr) | EBITDA (₹ Cr) | PAT (₹ Cr) | Net Worth (₹ Cr) | Total Assets (₹ Cr) | Borrowings (₹ Cr) |
|---|---|---|---|---|---|---|
| FY2023 | 200.73 | 4.80 | 0.68 | 16.48 | 117.08 | 34.88 |
| FY2024 | 271.65 | 12.29 | 5.30 | 22.77 | 154.21 | 47.01 |
| FY2025 | 335.56 | 20.99 | 9.21 | 31.98 | 177.21 | 66.28 |
Figures are based on the reported financial information available from the prospectus-derived IPO sources.
Financial Summary
Revenue increased from approximately ₹200.73 crore in FY2023 to ₹271.65 crore in FY2024 and ₹335.56 crore in FY2025. PAT increased from ₹0.68 crore in FY2023 to ₹5.30 crore in FY2024 and ₹9.21 crore in FY2025.
This indicates strong revenue growth and improving profitability over the three-year period. At the same time, borrowings increased from ₹34.88 crore in FY2023 to ₹66.28 crore in FY2025, which is an important factor investors should consider while evaluating the company’s financial position.
Key Performance Indicators (KPIs)
| KPI | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| EPS | ₹0.61 | ₹4.62 | ₹7.94 |
| NAV | ₹14.92 | ₹19.84 | ₹27.57 |
| RoNW | 4.11% | 23.26% | 28.79% |
| ROCE | 6.12% | 22.53% | 34.99% |
| EBITDA Margin | 2.39% | 4.53% | 6.26% |
| PAT Margin | 0.34% | 1.95% | 2.75% |
| Debt/Equity | 2.12 | 2.06 | 2.12 |
The company’s RoNW and ROCE improved significantly over the reported period. However, the debt-to-equity ratio remained above 2x in FY2025, highlighting the importance of debt management and the proposed repayment component of the IPO.
Objects of the IPO
The company proposes to use the IPO proceeds for the following purposes:
- Expansion of the existing plant.
- Repayment of outstanding loans.
- Meeting working capital requirements.
- General corporate purposes.
The currently available public IPO data identifies these objectives but does not consistently provide a verified object-wise rupee allocation. Therefore, the individual allocation amounts should be treated as “To be updated” until confirmed from the final offer document.
Listing Performance
| Particulars | Details |
|---|---|
| IPO Issue Price | ₹94 |
| Expected Listing Date | 17 September 2026 |
| Proposed Exchange | NSE SME |
| Listing Price | To be updated |
| Listing Gain/Loss | To be updated |
Vinod Texworld IPO is an upcoming issue as of 5 September 2026, so the actual listing price and listing-day performance are not available yet.
Vinod Texworld IPO GMP
GMP Today
Vinod Texworld IPO GMP is currently reported at around ₹0 by available grey-market tracking sources.
GMP, or Grey Market Premium, is unofficial and unregulated. It can change rapidly and does not guarantee the actual listing price. Therefore, investors should not consider GMP alone when evaluating the IPO.
Subscription Status
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers | To be updated |
| Non-Institutional Investors | To be updated |
| Retail Individual Investors | To be updated |
| Total | To be updated |
Vinod Texworld IPO has not opened for public subscription as of 5 September 2026. Subscription figures will become available after the issue opens on 9 September 2026.
Vinod Texworld IPO Review
Vinod Texworld presents a combination of positive operating growth and financial risks.
The company’s revenue increased considerably during FY2023-FY2025, while PAT also improved. Its operations cover dyeing and printing of fabrics, with a diversified product range consisting of cotton, polyester and blended fabrics. Its domestic network across several states provides access to multiple regional textile markets.
The IPO also proposes to finance plant expansion and working capital, which could support future operating growth if the additional capital is deployed effectively.
However, investors should also consider the company’s leverage. Borrowings increased to ₹66.28 crore in FY2025 against net worth of ₹31.98 crore, resulting in a debt-to-equity ratio of approximately 2.12.
Customer concentration is another important consideration. The company’s top customers contribute a significant share of revenue, while the business generally operates on purchase orders rather than long-term contracts. Loss of important customers or a reduction in order flow could therefore affect revenue and profitability.
The company also operates from a single manufacturing location in Ahmedabad, exposing it to localized operational disruption risks. Gujarat accounted for a significant share of revenue from operations during the reported financial years.
Overall, the IPO may appeal to investors looking for exposure to a growing textile-processing company, but its SME nature, leverage, customer concentration and competitive industry environment make careful due diligence important.
IPO Strengths
- Strong revenue growth during FY2023-FY2025.
- Improving profitability and return ratios.
- Integrated textile processing operations.
- Product portfolio includes cotton, polyester and blended fabrics.
- Established domestic sales network across multiple states.
- Installed capacity of approximately 22.5 million metres annually.
- Experienced promoter and management team.
- Plant expansion is one of the stated IPO objectives.
- Focus on quality control and timely order fulfilment.
- Established presence in textile processing.
These strengths are supported by the company’s reported business profile and prospectus-derived information.
IPO Risk Factors
- High dependence on major customers.
- No assurance of continued or recurring purchase orders.
- Significant borrowings compared with net worth.
- Textile industry competition can create pricing pressure.
- Raw-material price fluctuations can affect margins.
- High dependence on domestic sales.
- Significant revenue concentration in Gujarat.
- Operations are concentrated in a single manufacturing facility.
- Machinery breakdown could disrupt production.
- Dyeing and printing activities involve environmental and regulatory requirements.
- Working capital requirements can remain high.
- Changes in customer preferences can affect demand.
- Negative operating and investing cash-flow risks have been highlighted in the prospectus-derived risk disclosures.
- Promoters and directors are involved in certain legal and regulatory proceedings.
- The company has provided a substantial corporate guarantee for a promoter-group company, which is a material financial risk.
- SME-listed shares may experience lower liquidity and higher price volatility after listing.
The draft prospectus identifies customer concentration, purchase-order dependence, cash-flow concerns, legal proceedings, corporate guarantees, single-location manufacturing and industry competition among the material risks.
IPO Promoters
The promoters of Vinod Texworld Limited are:
| Promoter | Pre-Issue Holding | Post-Issue Holding |
|---|---|---|
| Harsh Vinod Mittal | Included in promoter group | Included in promoter group |
| Yash Vinod Mittal | Included in promoter group | Included in promoter group |
| Sweta Yash Mittal | Included in promoter group | Included in promoter group |
The promoter and promoter group held approximately 93.10% before the issue and are expected to hold approximately 66.85% after the issue, based on the available IPO data.
Management Team
The available prospectus information identifies the following key management personnel:
| Name | Designation / Role |
|---|---|
| Harsh Vinodbhai Mittal | Key Management Personnel / Promoter |
| Yash Vinod Mittal | Key Management Personnel / Promoter |
| Sweta Yash Mittal | Director / Promoter |
| Foram Deep Parikh | Company Secretary |
| Anchal Tulsyan | Chief Financial Officer |
| Saket Jagdishchandra Agarwal | Director |
The management and related-party information is derived from the company’s draft prospectus.
Registrar Details
| Particulars | Details |
|---|---|
| Registrar | KFin Technologies Limited |
| IPO Status Website | KFin IPO Status |
| Phone | 040-79615565 |
| [email protected] | |
| Role | IPO Registrar and Transfer Agent |
The registrar details currently available for the issue identify KFin Technologies Limited as the registrar.
Lead Manager Details
| Particulars | Details |
|---|---|
| Lead Manager | Novus Capital Advisors Private Limited |
| Role | Book Running Lead Manager |
| Website | Novus Capital Advisors |
| Company | Vinod Texworld Limited |
Novus Capital Advisors Private Limited is identified as the lead manager for the Vinod Texworld IPO.
Company Contact Details
| Particulars | Details |
|---|---|
| Company | Vinod Texworld Limited |
| Registered Office | 185/2, Saijpur, Gopalpur, Opp. Shanti Process, Piplaj Pirana Road, Ahmedabad, Gujarat – 382405 |
| Phone | +91 7069030829 |
| [email protected] | |
| Website | Vinod Texworld Official Website |
| CIN | U17200GJ2012PLC071210 |
The registered-office and contact information is reported in the company’s IPO documentation and IPO-related sources.
How to Check Vinod Texworld IPO Allotment Status
Check Through KFin Technologies
- Visit the KFin IPO Status Portal.
- Select Vinod Texworld Limited from the IPO list after allotment is finalized.
- Enter your PAN number, application number or DP/Client ID as applicable.
- Submit the details.
- Your allotment status will be displayed on the screen.
Check Through Stock Exchange
Investors may also check allotment-related information through the relevant exchange platform after the basis of allotment is finalized.
The expected allotment date for Vinod Texworld IPO is 15 September 2026.
Vinod Texworld IPO Conclusion
Vinod Texworld IPO provides investors with an opportunity to participate in an SME textile-processing company engaged in dyeing, printing and supply of processed fabrics.
The company has recorded strong revenue and profit growth over FY2023-FY2025. Revenue increased from ₹200.73 crore to ₹335.56 crore, while PAT rose from ₹0.68 crore to ₹9.21 crore during the same period.
Its integrated processing capabilities, established domestic network, diversified fabric portfolio and planned plant expansion are positive factors. The company also intends to use IPO proceeds for expansion, loan repayment and working capital requirements.
At the same time, investors should carefully evaluate the company’s relatively high debt, customer concentration, purchase-order-based business model, single manufacturing facility, competitive textile market and other risks disclosed in the prospectus.
The IPO is scheduled to open on 9 September 2026 at a fixed price of ₹94 per share and is proposed to list on NSE SME on 17 September 2026. GMP is unofficial and should only be considered as one of several market indicators. Investors should review the final offer document and assess the risks before making an investment decision.
IPO FAQs
What is Vinod Texworld IPO?
Vinod Texworld IPO is an upcoming SME public issue of Vinod Texworld Limited. The issue is a Fixed Price Issue priced at ₹94 per equity share and is proposed to be listed on NSE SME.
When will Vinod Texworld IPO open?
Vinod Texworld IPO is scheduled to open on 9 September 2026 and close on 11 September 2026.
What is the price of Vinod Texworld IPO?
The fixed issue price of Vinod Texworld IPO is ₹94 per equity share, with a face value of ₹10 per share.
What is the lot size of Vinod Texworld IPO?
The lot size is 1,200 shares. Investors are required to apply for a minimum of 2 lots, or 2,400 shares, for an investment of ₹2,25,600.
What is the Vinod Texworld IPO issue size?
The IPO issue size is approximately ₹42.83 crore, comprising 45,56,400 shares.
What is the Vinod Texworld IPO GMP today?
Available grey-market sources currently indicate GMP of around ₹0. GMP is unofficial and can change before listing, so it should not be considered a guaranteed listing-price indicator.
When is Vinod Texworld IPO allotment?
The tentative basis of allotment date is 15 September 2026.
When will Vinod Texworld IPO list?
The proposed listing date is 17 September 2026 on NSE SME.
Who is the registrar of Vinod Texworld IPO?
KFin Technologies Limited is the registrar of Vinod Texworld IPO. Investors can check allotment through the KFin IPO Status Portal after allotment is finalized.
What does Vinod Texworld Limited do?
Vinod Texworld Limited is an integrated textile company engaged primarily in dyeing and printing greige fabrics and supplying processed textile products. Its product range includes cotton, polyester and blended fabrics.
Who are the promoters of Vinod Texworld?
The promoters are Harsh Vinod Mittal, Yash Vinod Mittal and Sweta Yash Mittal.
Is Vinod Texworld IPO a Mainboard or SME IPO?
Vinod Texworld IPO is an SME IPO proposed to be listed on NSE SME.
