Vama Wovenfab IPO
Vama Wovenfab LtdSME
This IPO has listed.
- Open date
- 15 Sep 2026
- Close date
- 17 Sep 2026
- Min. Investment
- ₹2,72,800
- Lot Size
- -
- Fresh Issue
- ₹49.54 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- DRHP - PDF(opens in a new tab)
Subscription rate
- Qualified Institutional Buyers1.00x
- Non-Institutional Investors1.97x
- Retail-Individual Investors2.80x
- Total2.58x
Schedule
- Completed: IPO open date15 Sep 2026
- Completed: IPO close date17 Sep 2026
- Completed: Allotment date18 Sep 2026
- Completed: Funds unblock or debit21 Aug 2026
- Completed: Tentative listing date22 Sep 2026
About
Promoter shareholding in Vama Wovenfab Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Suresh Mohanlal Gupta | 20,76,263 | 55.57% | 20,76,263 | 40.01% |
| Vaibhav Suresh Gupta | 9,07,476 | 24.29% | 9,07,476 | 17.49% |
| Saurabh Suresh Gupta | 3,87,380 | 10.37% | 3,87,380 | 7.47% |
| Nisha Vaibhav Gupta | 32,475 | 0.87% | 32,475 | 0.63% |
| Sheetal Saurabh Gupta | 22,500 | 0.60% | 22,500 | 0.43% |
| Usha Suresh Gupta | 22,500 | 0.60% | 22,500 | 0.43% |
| Vasundhara Chem Plast Industri | 2,87,570 | 7.70% | 2,87,570 | 5.54% |
Vama Wovenfab IPO Strengths & Risks
- Strong Long-Term Partnerships.
- Deep Customer Understanding and Prioritization.
- On-Time and Planned Delivery.
- Continuous Product and Process Improvement.
- Skilled and Experienced Workforce.
- Risks Relating to the Business: The Company derives a substantial portion of its revenues from limited buyers and dependence on a limited set of bulk purchasers in a commoditised and price-sensitive market exposes the company to concentration, cyclicality, and demand volatility, which may adversely affect its business.
- Risks Relating to the Business: The Company has not entered into long-term agreements with its customers, and dependence on these channels in margin-sensitive market exposes it to risks of customer attrition, pricing pressures, and revenue volatility, which may adversely affect the company's financial performance.
- Risks Relating to the Business: The Company is dependent on polypropylene (PP) and high-density polyethylene (HDPE) granules as primary raw materials, the prices of which are inherently volatile due to fluctuations in crude oil and feedstock costs, refinery disruptions, and supply chain constraints. Such volatility may adversely impact the company's cost of production, profitability, and financial condition.
- Risks Relating to the Business: The company generates its major portion of sales from the company operations in certain geographical regions. Any adverse developments affecting its operations in these regions could have an adverse impact on the company's revenue and results of operations.
- Risks Relating to the Business: The Company requires significant amounts of working capital and significant portion of its working capital is consumed in trade receivables and inventories. The company's inability to meet its working capital requirements including failures to realise receivables and inventories may have an adverse effect on the company's results of operations and overall business.
- Risks Relating to the Business: The company's business may be adversely impacted by the development and adoption of substitute packaging products, alternative raw materials, and evolving manufacturing technologies, which could reduce demand for its woven products.
- Risks Relating to the Business: The company has negative cashflow in its operating activities for the financial year ended on March 31, 2026 and 2025, from Investing activities for the financial year ended on March 31, 2026, 2025 and 2024, from Financing activities for the financial year ended on March 31, 2024, details of which are given below. Sustained negative cashflow could impact the company's growth and business.
- Risks Relating to the Business: The company's manufacturing operations are dependent on continuous power and fuel supply, and Any disruption to its operations on account of interruption in power supply or any irregular or significant hike in power tariffs may have an effect on the company's business, results of operations and financial condition.
- Risks Relating to the Business: The Company, Promoters and Directors are involved in certain litigations viz criminal, civil and tax proceedings which are currently pending at various stages. Any adverse decision in these proceedings may render the company liable to various penalties and/or monetary compensation and may adversely affect its business and results of operations.
- Risks Relating to the Business: The company is heavily dependent on machinery for its operations and any disruption to the same may cause interruption in business.
- Risks Relating to the Business: The company has not yet placed orders for construction of shed and purchase of machinery in relation to the capital expenditure to be incurred from the net proceeds of the offer. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the plant and machineries or complete the civil and related works etc. in a timely manner, or at all, the same may result in time and cost over-runs.
- Risks Relating to the Business: The company has had certain inaccuracies in relation to regulatory filings and the company has made non- compliances of certain provision under applicable law.
- Risks Relating to the Business: Delay in Renewal of Consent to Operates (CTO) and Consent to Establish (CTE) from the Pollution Control Committee, Daman & Diu and Dadra & Nagar Haveli.
- Risks Relating to the Business: The company's Promoter have provided personal guarantees to certain loan facilities availed by the company, which if revoked may requires alternative guarantees, repayment of amounts due or termination of the facilities.
- Risks Relating to the Business: Risk Relating to Variance in Issue Price from Valuation Report and the Consequent Impact on ROC Filings, Investor Understanding, and Regulatory Review.
- Risks Relating to the Business: Its Promoters, Directors and KMP's play key role in the company's functioning and its heavily relies on their knowledge and experience in operating the company's business and therefore, it is critical for the company's business that its Promoter and Directors remains associated with the company.
- Risks Relating to the Business: The industry in which the company operates is labour intensive and its manufacturing operations may be materially affected by strikes, work stoppages or increased wage demands by the company's employees or those of its suppliers.
- Risks Relating to the Business: The company's existing manufacturing facility are concentrated in a single region i.e., Daman and the inability to operates and grow its business in this particular region may have an adverse effect on the company's business, financial condition, results of operations, cash flows and future business prospects.
- Risks Relating to the Business: The company has substantial capital expenditure requirements and may requires additional financing to meet those requirements, which could have a material adverse effect on its results of operations, cash flows and financial condition.
- Risks Relating to the Business: The company's requirement of maintaining high levels of inventory for its business may result in substantial working capital needs, which, if not managed properly, could adversely affect the company's financial condition, cash flows and results of operations.
- Risks Relating to the Business: The company depends significantly on third-party logistics provider to provide transport facilities. A loss of, or a significant decrease in services provided by logistics provider could adversely affect its business and profitability.
- Risks Relating to the Business: The company's lenders have charge over its movable and immovable properties in respect of finance availed by the company. Its inability to meet the company's obligations under its debt financing arrangements could adversely affect the company's business, results of operations and cash flows.
- Risks Relating to the Business: The company's business is operating under various laws which requires it to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and the company's inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect the company's business, prospects, results of operations and financial condition.
- Risks Relating to the Business: The company's inability to effectively manage its growth or to successfully implement the company's business plan and growth strategy could have an adverse effect on its business, results of operations and financial condition.
- Risks Relating to the Business: The Company logo is not registered with Registrar of Trademark; any infringement of its brand name or failures to get it registered may adversely affect the company's business. Further, any kind of negative publicity or misuse of its brand name could hamper the company's brand building efforts and its future growth strategy could be adversely affected.
- Risks Relating to the Business: The company's loan agreements with various lenders have several restrictive covenants and certain unconditional rights in favour of the lenders, which could influence its ability to expand, in turn affecting the company's business and results of operations.
- Risks Relating to the Business: There may have been certain instances of non-compliances and alleged non-compliances with respect to certain regulatory filings for corporate actions taken by the Company in the past. Consequently, its may be subject to regulatory actions and penalties for any such past or future non-compliance, and the company's business, financial condition and reputation may be adversely affected.
- Risks Relating to the Business: The Company has unsecured loans which are repayable on demand. Any demand from lenders for repayment of such unsecured loans may adversely affect its cash flows.
- Risks Relating to the Business: The industry segments in which the company operates being fragmented, its faces competition from other large and small players, which may affect the company's business operations and financial conditions.
- Risks Relating to the Business: The company's business is dependent on the continued acceptability of polypropylene (PP) and high-density polyethylene (HDPE) based woven products, and increasing regulatory restrictions, environmental concerns, and evolving consumer preferences regarding plastic usage could adversely affect its operations.
- Risks Relating to the Business: The Company has issued Equity Shares in the last one year at a price which may be lower that the Offer Price.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by the company's Promoters could be lower than the floor price.
- Risks Relating to the Business: The company's Registered Office is not owned by it. In the event that the company lose such rights or are required to renegotiate arrangements for such rights, its business results of operations, profitability and margins, cash flows and financial condition could be adversely affected.
- Risks Relating to the Business: The directors of the Company does not have any experience in the Listed Company.
- Risks Relating to the Business: ?A high employee attrition rate can significantly disrupt the company's business operations and hinder overall performance.
- Risks Relating to the Business: Pricing pressure from customers may affect the company's gross margins and ability to increase its prices, which in turn may adversely affect the company's revenue from operations, profits and cash flows.
- Risks Relating to the Business: The company has in the past entered into related party transactions and may continue to do so in the future.
- Risks Relating to the Business: Industry information included in this RHP has been derived from industry reports and annual reports of various listed players of its industry. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
- Risks Relating to the Business: The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company's financing arrangements.
- Risks Relating to the Business: Any increase in interest rates would have an adverse effect on its results of operations and will expose the Company to interest rate risks.
- Risks Relating to the Business: Certain of its Directors hold Equity Shares in the Company and are therefore interested in its performance in addition to their remuneration and reimbursement of expenses.
- Risks Relating to the Business: The objects of the offer have not been appraised by any bank or financial institution, and the company cannot assure you that the objects of the offer will be achieved within the expected time frame, or at all, and any variation in the utilisation of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders approval.
- Risks Relating to the Business: The company's manufacturing activities are subject to certain hazards, which can cause injury to people or property in certain circumstances. Such accidents could cause a significant disruption at its manufacturing facilities and these disruptions may adversely affect the company's production schedules, costs, sales and ability to meet customer demand.
- Risks Relating to the Business: Information relating to the installed manufacturing capacity of the company's manufacturing facility included in this Red Herring Prospectus are based on various assumptions and estimates and future production and capacity may vary.
- Risks Relating to the Business: Brand recognition is important to the success of the company's business, and its inability to build and maintain the company's brand name will harm its business, financial condition and results of operation.
- Risks Relating to the Business: If the company is unable to source business opportunities effectively, its may not achieve the company's financial objectives.
- Risks Relating to the Business: The company's Promoters and members of the Promoter Group will continue jointly to retain majority control over the Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.
- Risks Relating to the Business: The company's Equity Shares have never been publicly traded and may experience price and volume fluctuations following the completion of the Issue. Further, its Equity Shares may not result in an active or liquid market, and the price of the company's Equity Shares may be volatile, and you may be unable to resell your Equity Shares at or above the Issue Price or at all.
- Risks Relating to the Business: Holders of Equity Shares may be restricted in their ability to exercise pre-emptive rights under Indian law and thereby may suffer future dilution of their ownership position.
- Risks Relating to the Business: Rights of shareholders of companies under Indian law may be more limited than under the laws of other jurisdictions.
- Risks Relating to the Business: QIBs and Non-Institutional Investors are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid.
- Risks Relating to the Business: There is no guarantee that the company's Equity Shares will be listed in a timely manner or at all.
- Risks Relating to the Business: The requirements of being a listed company may strain its resources.
- Risks Relating to the Business: Any future issuance of Equity Shares, or convertible securities or other equity-linked securities by the company may dilute your shareholding and any sales of the Equity Shares by its major shareholders may adversely affect the trading price of the Equity Shares.
- Risks Relating to the Business: You will not be able to sell immediately on Indian Stock Exchanges any of the Equity Shares you purchase in the issue until the issue receives appropriate trading permissions.
- Risks Relating to the Business: Any changes in the regulatory framework could adversely affect the company operations and growth prospects.
- Risks Relating to the Business: You will not be able to sell immediately on Stock Exchange any of the Equity Shares you purchase in the Offer until the Offer receives appropriate trading permissions.
- Risks Relating to the Business: Sale of Equity Shares by the company's Promoters or other significant shareholder(s) may adversely affect the Trading price of the Equity Shares.
- Risks Relating to the Business: Changes in government regulations or their implementation could disrupt the company operations and adversely affect its business and results of operations.
- Risks Relating to the Business: Changing regulations in India could lead to new compliance requirements that are uncertain. The regulatory environment in which the company operates is evolving and is subject to change.
- Risks Relating to the Business: Malpractices by some players in the industry affect overall performance of emerging Companies.
