Vinod Texworld Limited IPO
Vinod Texworld Limited IPO closed on 11 Sept 2026. Allotment 15 Sept 2026, listing 17 Sept 2026. Price band ₹94–₹94, lot 1200 shares, GMP +₹1 (1.06%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | SME · NSE |
| Price band | ₹94–₹94 |
| Lot size | 1200 shares |
| Minimum investment | ₹2,25,600 |
| Issue size | ₹42.83 Cr |
| GMP | +₹1 (1.06%) |
| Open date | 9 Sept 2026 |
| Close date | 11 Sept 2026 |
| Allotment date | 15 Sept 2026 |
| Listing date | 17 Sept 2026 |
| Registrar | KARVY |
About Vinod Texworld Limited
Vinod Texworld Limited processes greige fabric into finished fabrics used primarily by clothing brands and end-users. The company conducts operations through manufacturing and trading activities, with products distributed domestically across states including Gujarat and Punjab, as well as exported to Nepal. Its manufacturing processes encompass fabric processing activities such as dyeing, washing, printing, and finishing, utilizing specialized machinery including jigger machines, vertical drying ranges, desize machines, mercerise machines, stenter machines, rotary printing machines, and singeing machines. Revenue is primarily generated through the sale of processed and traded textile products, supported by an effluent treatment plant, boilers, turbines, and a ground-mounted solar power project for operational utilities.
Strengths
- Established fabric processing setup with end-to-end dyeing, printing, and finishing operations.
- Diversified revenue stream combining in-house manufacturing and trading of textile products.
- Dedicated utility infrastructure including an Effluent Treatment Plant and captive solar energy project.
- Experienced promoter leadership with deep domain knowledge in the textile sector.
- Broad domestic distribution network across multiple key regional textile hubs.
Risks
- Revenue concentration risk with over 50% of sales derived from top ten customers.
- High dependence on single-location manufacturing operations in Ahmedabad, Gujarat.
- High working capital intensity with significant reliance on short-term bank borrowings.
- Absence of long-term contracts with key customers, operating primarily on purchase orders.
- Outstanding corporate guarantee obligations provided on behalf of a promoter group entity.