Textile Company Vinod Texworld Launches Rs 42.83 Crore IPO; Know Details
Join Us
Follow Us
A textile company is heading to the SME market with a Rs 42.83 crore IPO: Vinod Texworld Ltd has fixed its issue price at Rs 94 and will open the offer for subscription on September 9.
✨ Key Takeaways
Vinod Texworld Ltd has announced its Initial Public Offering (IPO), with the Rs 42.83 crore issue set to open for subscription on September 9, 2026. The issue will remain open until September 11, 2026, with the company proposing to list its shares on the NSE Emerge platform.
The issue price has been fixed at Rs 94 per equity share. The IPO comprises a fresh issue of 45,56,400 equity shares with a face value of Rs 10 each.
Vinod Texworld IPO: Key Details
|
Particulars |
Details |
|
IPO Open |
September 9, 2026 |
|
IPO Close |
September 11, 2026 |
|
Issue Price |
Rs 94 per equity share |
|
Issue Size |
Rs 42.83 crore |
|
Fresh Issue |
45,56,400 equity shares |
|
Face Value |
Rs 10 per equity share |
|
Lot Size |
1,200 equity shares |
|
Proposed Listing |
NSE Emerge |
Novus Capital Advisors Private Limited is the Lead Manager to the issue, while KFin Technologies Limited is the Registrar.
Where Will Vinod Texworld Use the IPO Proceeds?
A large portion of the IPO proceeds will be directed towards strengthening the company's operations and balance sheet.
The company plans to use Rs 6.39 crore for the expansion of its existing fabric processing and dyeing plant. Another Rs 7.15 crore will be used to repay outstanding borrowings. The company has earmarked Rs 20.35 crore for meeting its working capital requirements. A further Rs 5.97 crore of the Net Proceeds will be utilised for general corporate purposes.
The proposed utilisation of funds is therefore focused on capacity expansion, reducing borrowings and supporting the company's working capital needs.
Also Read - Wires and Cables Stocks Fall; Here’s Why
Vinod Texworld Financial Performance
The company reported revenue from operations of Rs 342.64 crore for the financial year ended March 31, 2026. EBITDA stood at Rs 22.83 crore during FY26, while profit after Tax (PAT) was Rs 10.41 crore.
The financial performance comes as the company prepares to expand its existing processing and dyeing capacity and strengthen its working capital position.
About Vinod Texworld Ltd
Incorporated in 2012, Vinod Texworld Ltd is an integrated textile company involved in the manufacturing, processing and supply of textile products for domestic and international markets.
The company specialises in dyeing and printing greige fabric and offers cotton, polyester and blended fabrics. Its production process covers the sourcing of greige fabric through to the manufacture of dyed and printed fabrics.
Vinod Texworld operates a manufacturing facility spread across approximately 5,949 square metres of owned land. The facility has an installed capacity of around 22.5 million metres per annum.
The company has a presence across several Indian markets, including Gujarat, Punjab, Haryana, Delhi, Rajasthan, Uttar Pradesh and West Bengal.
With the IPO proceeds earmarked for plant expansion, debt repayment and working capital, the issue will provide the company with funds to support its next phase of operations.
Disclaimer: The article is for informational purposes only and not investment advice