Vinod Texworld IPO
Vinod Texworld IPO is a fixed-price SME issue of ₹42.83 crore comprising a fresh issue of 45,56,400 equity share s. The IPO is proposed to be listed on the NSE Emerge platform.
Vinod Texworld IPO Details
Vinod Texworld IPO is scheduled to open for subscription on September 9, 2026 and close on September 11, 2026. The basis of allotment is scheduled for September 15, refunds and share credit are expected on September 16, and the shares are scheduled to list on September 17, 2026. The issue price is ₹94 per share and the lot size is 1,200 shares.
Vinod Texworld IPO GMP
The reported grey-market premium for Vinod Texworld IPO was ₹0 on September 4, 2026. GMP is unofficial, unregulated and can change before listing.
Vinod Texworld IPO Timeline (Tentative)
Vinod Texworld IPO is scheduled to open on September 9 and close on September 11, 2026. The basis of allotment is expected on September 15, followed by refund initiation and Demat credit on September 16. Listing on the NSE Emerge platform is scheduled for September 17, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Wed, Sep 9, 2026 |
| IPO Close Date | Fri, Sep 11, 2026 |
| Basis of Allotment | Tue, Sep 15, 2026 |
| Initiation of Refunds | Wed, Sep 16, 2026 |
| Credit of Shares to Demat | Wed, Sep 16, 2026 |
| Listing Date | Thu, Sep 17, 2026 |
| IPO Opens | September 9, 2026 |
| IPO Closes | September 11, 2026 |
| Basis of Allotment | September 15, 2026 |
| Refund Initiation | September 16, 2026 |
| Credit of Shares to Demat | September 16, 2026 |
| Listing Date | September 17, 2026 |
Vinod Texworld IPO Lot Size
The Vinod Texworld IPO lot size is 1,200 shares. Under the current SME application structure, the minimum individual application is 2 lots, or 2,400 shares, requiring ₹2,25,600 at the issue price of ₹94. Applications above the applicable retail limit fall into the NII category.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 2,25,600 |
| Retail (Max) | 2 | 2,400 | 2,25,600 |
| S-HNI (Min) | 3 | 3,600 | 3,38,400 |
| S-HNI (Max) | |||
| B-HNI (Min) |
Vinod Texworld IPO Subscription
Vinod Texworld IPO has not opened for public subscription as of September 4, 2026. Therefore, category-wise and overall subscription figures are not yet available.
| Category | Subscription (times) |
|---|---|
| QIB | N.A. |
| NII | N.A. |
| RII | N.A. |
| Total | N.A. |
About Vinod Texworld
Vinod Texworld Limited is an integrated textile company engaged in the manufacturing, processing and supply of textile fabrics. The company specialises in dyeing and printing greige fabric and supplies finished dyed and printed fabrics to customers in the textile and apparel industry.
The company's production process covers sourcing greige fabric, dyeing, printing, finishing, quality testing and distribution. Its product portfolio includes cotton, polyester and blended fabrics along with specialised varieties such as twill, satin, dobby, drill, oxford, slub, knitted, melange and PU-coated fabrics.
The company operates a manufacturing facility on approximately 5,949 square metres of owned land with an installed production capacity of around 22.5 million metres annually. During FY2025, the company produced approximately 19.84 million metres of fabric and sold approximately 19.67 million metres.
Vinod Texworld has a broad domestic customer base across textile markets in Gujarat, Punjab, Delhi, West Bengal, Uttar Pradesh, Rajasthan and Maharashtra. During FY2025, approximately 99% of its sales were generated from the domestic market, while the remaining sales were mainly exports to Nepal. The company had 103 employees as of August 31, 2025.
The company was incorporated in July 2012 and was subsequently converted from a private limited company to a public limited company in December 2024. The company's registered office is located in Ahmedabad, Gujarat.
Strengths
- Integrated textile manufacturing and processing capabilities.
- Focus on dyeing and printing of greige fabrics.
- Diversified range of cotton, polyester and blended fabrics.
- Manufacturing facility with substantial annual fabric production capacity.
- Presence across multiple major textile markets in India.
- Established domestic customer network.
- Exposure to both dyed and printed fabric categories.
- Strong growth in revenue between FY2023 and FY2025.
- Revenue of approximately ₹335.56 crore in FY2025.
- FY2025 PAT of approximately ₹9.21 crore.
- Established operating history since 2012.
- Export exposure, primarily to Nepal.
- Integrated production and quality-control processes.
Risks to Consider
- The company operates in a competitive and fragmented textile industry.
- Textile demand can be affected by changes in consumer preferences and economic conditions.
- A substantial portion of revenue is generated from the domestic market.
- The business is exposed to fluctuations in raw-material prices.
- Working-capital requirements can increase as production and sales expand.
- The company depends on continued demand from textile and apparel customers.
- Concentration among key customers may affect revenue if major relationships are lost.
- Textile manufacturing is subject to regulatory and environmental requirements.
- The company operates in a business where margins can be sensitive to fabric prices and production costs.
- Export exposure creates additional risks relating to international markets and currency movements.
- The company has borrowings of approximately ₹66.28 crore as of March 31, 2025.
- Debt-to-equity stood at approximately 2.07x in FY2025.
- The company operates in a capital- and working-capital-intensive industry.
Vinod Texworld Financials (₹ Cr)
Vinod Texworld reported consistent revenue growth during FY2023 to FY2025. Revenue increased from ₹200.73 crore in FY2023 to ₹335.56 crore in FY2025, while PAT increased from ₹0.68 crore to ₹9.21 crore during the same period. Total assets and net worth also increased over the reported financial years.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2023 | 200.73 | 0.68 | 117.08 | 16.48 |
| FY2024 | 271.65 | 5.30 | 154.21 | 22.77 |
| FY2025 | 335.56 | 9.21 | 177.21 | 31.98 |
KPIs & Valuation
At the issue price of ₹94, Vinod Texworld's FY2025 EPS of ₹7.94 implies a pre-issue P/E of approximately 11.84x. The company reported FY2025 NAV of ₹27.57, RoNW of 28.79%, ROCE of 34.99% and debt-to-equity of 2.07x.
Objects of the Issue
The company proposes to utilise the net proceeds from the issue towards the following objects:
- Expansion of the existing plant.
- Repayment of loans.
- Meeting working capital requirements.
- General corporate purposes.
- The IPO is a fresh issue, and the funds raised are intended to support the company's expansion, debt reduction and working-capital requirements.
Promoters, Lead Managers & Registrar
Vinod Texworld Limited is promoted by Harsh Vinod Mittal, Yash Vinod Mittal and Sweta Yash Mittal. Novus Capital Advisors Private Limited, formerly known as Fast Track Finsec Private Limited, is the Book Running Lead Manager, while KFin Technologies Limited is the Registrar to the Issue.
Promoters
Lead Managers (BRLM)
Registrar
| Name | KFin Technologies Limited |
|---|---|
| Phone | +91 40 6716 2222 |
| vinodtex.ipo@kfintech.com | |
| Website | https://www.kfintech.com/ |
Vinod Texworld IPO Review
Vinod Texworld operates in the textile manufacturing and processing segment, with its core activities focused on dyeing and printing greige fabrics. The company has an integrated production process and a diversified product portfolio covering cotton, polyester and blended fabrics.
The company's 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.
The company had total assets of approximately ₹177.21 crore and net worth of approximately ₹31.98 crore as of March 31, 2025. EBITDA was approximately ₹20.99 crore, while the EBITDA margin was around 6.26% and PAT margin was around 2.75%.
At the issue price of ₹94, FY2025 EPS of ₹7.94 gives a pre-issue P/E of approximately 11.84x. The post-issue EPS is lower because the fresh issue increases the number of outstanding shares.
The company's strengths include its integrated production process, established textile operations, broad product portfolio and presence across several domestic textile markets. Its production capacity provides scope for further business expansion if capacity utilisation and demand continue to improve.
However, investors should also consider the company's relatively modest profitability compared with its revenue, high debt-to-equity ratio, working-capital requirements and exposure to raw-material and textile-market fluctuations. Competition in the textile processing industry may also affect margins.
Overall, Vinod Texworld provides exposure to the textile manufacturing and fabric-processing segment. Investors should evaluate its valuation, debt levels, profitability, customer concentration, working-capital cycle and future capacity expansion before considering the IPO.
How to Apply
Vinod Texworld IPO applications can be made through the applicable ASBA and UPI-supported IPO application process. The minimum individual application is 2 lots, or 2,400 shares, requiring ₹2,25,600 at the issue price of ₹94.
Through UPI
- Log in to your stockbroker app or website.
- Go to the IPO section.
- Select Vinod Texworld IPO.
- Enter the required number of lots.
- Enter the bid price of ₹94.
- Enter your valid UPI ID.
- Submit the IPO application.
- Open your UPI application after receiving the mandate request.
- Approve the mandate using your UPI PIN.
- The application amount will remain blocked in your bank account until the allotment process is completed.
Prospectus & Documents
Investors can refer to Vinod Texworld Limited's official disclosures and IPO documents for information relating to the business, financial statements, risk factors, issue structure and other statutory disclosures. The company filed its Draft Prospectus with the NSE in September 2025.
Last updated Sep 4, 2026.