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Vandan Foods IPO is a Fixed Price listing on BSE SME exchange, with an ipo size of ₹ 30.36 Cr. The company is based in Ahmedabad and caters to Agro sector. Nirbhay Capital Services is the merchant banker of Vandan Foods IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 18th December 2024.
Vandan Foods IPO posted revenues of ₹ 96.88 Cr. and PAT of ₹ 6.04 Cr. in FY25 on annualised basis.
Revenue:
₹ 96.88 Cr.
EBITDA Margin:
9.51
% 
Net Worth: ₹ 14.00 Cr.
Market Capitalisation:
₹ 96.43 Cr.
P/E:
15.94 times
P/BV: 2.17 times
EV/EBITDA: 11.97 times
Financial results of Vandan Foods IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.
| Financials | Dec-24 | FY24 | FY23 | FY22 | |
|---|---|---|---|---|---|
|
Balance Sheet
|
|||||
| Assets | 31.68 | 12.11 | 4.73 | 4.20 | |
| Net Worth | 14.00 | 9.47 | 2.17 | -0.05 | |
| Total Debt | 13.88 | [●] | 0.39 | 3.45 | |
|
Profit & Loss
|
|||||
Revenue
Revenue on annualised basis |
72.66
96.88 |
48.73 | 11.59 | 1.47 | |
EBITDA
EBITDA on annualised basis |
6.91
9.21 |
3.64 | 0.99 | -0.07 | |
PAT
PAT on annualised basis |
4.53
6.04 |
2.64 | 0.64 | -0.11 | |
Vandan Foods IPO PAT Margin is 6.23 % , ROCE (Return on Capital Employed) is 24.20 % as per latest financial. The below table shows Vandan Foods IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.
| Particulars | Dec-24 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| EBITDA Margin (%) | 9.51 | 7.47 | 8.54 | -4.76 |
| PAT Margin (%) | 6.23 | 5.42 | 5.52 | -7.48 |
| EPS (₹) | 7.90 | 4.64 | 1.32 | -0.24 |
| ROE (%) | 32.36 | 27.88 | 29.49 | - |
| ROCE (%) | 24.20 | 37.33 | 33.42 | -4.00 |
| ROA (%) | 14.30 | 21.80 | 13.53 | -2.62 |
| Debt to Equity | 0.99 | [●] | 0.18 | -69.00 |
The market Capitalisation of Vandan Foods IPO is ₹ 96.43 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.
The Vandan Foods IPO prospectus highlights an Return on Equity (ROE) of 32.36 % , Return on Assets (ROA) of 14.30 %, and an EBITDA Margin of 9.51 %, showcasing financial performance.
Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Vandan Foods IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.
The post-IPO market capitalisation of Vandan Foods IPO is ₹ 96.43 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.
The Vandan Foods IPO has a Price-to-Earnings (PE) ratio of 15.94 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.
Vandan Foods IPO reported revenue of ₹ 96.88 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Vandan Foods IPO provide insights into sales growth, market demand, and business scalability.
Vandan Foods recorded an EBITDA of ₹ 9.21 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.
Vandan Foods Profit After Tax (PAT) is ₹ 6.04 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions
Revenue:
₹ 96.88 Cr.
EBITDA Margin:
9.51
%
Net Worth: ₹ 14.00 Cr.
Market Capitalisation:
96.43
P/E:
15.94 times
P/BV: 2.17 times
EV/EBITDA:
11.97
Vandan Foods operates in Agro and A B2B Business Model Primarily Focusing On Refined F.S.G. Castor Oil, Castor De Oil Cake. Castor Oil, Nonvolatile Fatty Oil Obtained From The Seeds Of The Castor Bean, Ricinus Communis. The Issue is listed on BSE SME in Jul, 2025. Vandan Foods IPO size was 30.36 with Issue price of 115.00 .
Merchant Banker(s) of Vandan Foods IPO: Nirbhay Capital Services Private Limited
Vandan Foods IPO subscription was 1.75 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Vandan Foods IPO listed at a listing price of 125.00 against the offer price of 115.00.
The current market price of Vandan Foods is 96.85.
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