Vinod Texworld IPO
smelistedAbout the company
Vinod Texworld was incorporated in July 2012 and is involved in the manufacturing, processing, supply and trade of textiles. The company's primary activities include dyeing and printing of greige fabric in cotton, polyester and blended fabrics. The value chain of the company involves the complete manufacturing and selling of grey fabric to dyed and printed fabric, and it also performs job work for other third-party companies. This enables the company to use its installed capacity and maintain continuous cash flows. In the past three financial years, the company has changed its revenue sources from job work to manufacturing and selling. The installed capacity of the company for manufacturing is 225 lakhs metres/annum, and it is located on 5,949 sq. metres of owned land. The capacity utilisation of the company has improved from 85.57% in FY24 to 88.18% in FY25 and 90.00% in FY26. Manufacturing involves 11 steps ranging from inspection of grey fabric to folding and packaging. The production of the company was 1.63 crore metres in FY24 and 1.84 crore metres in FY26. The total sales of the company were 1.57 crore metres in FY24 and 2.08 crore metres in FY26; sales volume exceeded the production volume in FY26, indicating a reduction in inventory level. With respect to the product, the largest contributor of revenue has been Cotton Dyed Fabrics at 81.69% of revenue for FY26, followed by Cotton Print Fabrics at 18.30% in FY26. The job work revenue contribution reduced significantly from 1.88% in FY24 to merely 0.01% in FY26. The manufacturing revenue contribution increased from ₹223.48 crore in FY24 to ₹290.29 crore in FY26. Trade goods revenue contribution increased from ₹42.90 crore in FY24 to ₹52.33 crore in FY26. With respect to geography, domestic sales revenue contribution was 99.02% of the revenue in FY26, of which Gujarat contributed 58.83%, Punjab 15.01%, and West Bengal 10.51%. The export share in FY26 was 0.98%, and all of this comes from Nepal.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 09 Sep | ₹15 | ₹109 | 0 |
| 08 Sep | ₹15 | ₹109 | +7 |
| 07 Sep | ₹8 | ₹102 | +4 |
| 06 Sep | ₹4 | ₹98 | 0 |
| 05 Sep | ₹4 | ₹98 | +4 |
| 04 Sep | ₹0 | ₹94 | 0 |
Strengths
- Strong presence in the textile manufacturing and trading industry
- Revenue and profitability have shown healthy growth
- Established customer relationships across the textile value chain
- Integrated manufacturing capabilities support operational efficiency
- Focus on cotton and synthetic textile products provides product diversification
- Captive solar power initiatives can help reduce energy costs
- Experienced promoters with industry knowledge and operational expertise
Risks
- Textile business is exposed to fluctuations in raw material prices
- High dependence on working capital can put pressure on cash flows
- Debt-funded expansion may increase financial risk
- Textile demand and profitability can be affected by market cycles
- Competition in the textile industry may put pressure on margins
- Dependence on key customers could affect revenue if relationships weaken
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed09 Sept 2026Bidding starts for all investor categories
IPO Closes
Completed11 Sept 2026Last day to place your bid
Basis of Allotment
Completed15 Sept 2026Share allotment finalised
Refund Initiation
Completed16 Sept 2026Refunds credited for non-allottees
Credit to Demat
Completed16 Sept 2026Allotted shares credited to demat account
Listing on Exchange
Completed17 Sept 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1200 | ₹112,800 | 1 | ₹112,800 | 1 lot only |
| HNI | 2 | 2400 | ₹225,600 | 2 | ₹225,600 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 2,287,234 | 21.5 | 0 | 0.00x | 100% |
| NII | 15% | 686,170 | 6.45 | 0 | 0.00x | 100% |
| Retail | 35% | 1,601,064 | 15.05 | 144,096 | 0.09x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
