Vama Wovenfab Limited IPO
Vama Wovenfab Limited IPO closed on 17 Sept 2026. Allotment 18 Sept 2026, listing 22 Sept 2026. Price band ₹324–₹341, lot 400 shares, GMP +₹3 (0.88%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | SME · BSE |
| Price band | ₹324–₹341 |
| Lot size | 400 shares |
| Minimum investment | ₹2,72,800 |
| Issue size | ₹49.54 Cr |
| GMP | +₹3 (0.88%) |
| Open date | 15 Sept 2026 |
| Close date | 17 Sept 2026 |
| Allotment date | 18 Sept 2026 |
| Listing date | 22 Sept 2026 |
| Registrar | Maashitla Securities Pvt Ltd |
About Vama Wovenfab Limited
Vama Wovenfab manufactures Polypropylene and High-Density Polyethylene woven sacks and fabrics while also engaging in the trading of plastic granules. The company operates a manufacturing facility in Daman equipped with tape extrusion plants, circular looms, lamination plants, and bag-making machines. The production process involves converting plastic granules into plastic threads, weaving them into tubular fabric using circular looms, and further processing the fabric into finished bags. Key product offerings include colored woven fabric sheets, trampoline sheets, and loop handle bags. The company generates its revenue primarily through bulk institutional sales, serving a wide range of end-use sectors. These end-user sectors include the food products, agro-pesticides, construction chemicals, paper, rope, packaging, fast-moving consumer goods, and fertilizer industries.
Strengths
- Established long-term partnerships with institutional customers.
- Deep understanding and prioritization of varying customer needs.
- Strong track record of planned and on-time product deliveries.
- Consistent focus on continuous product and manufacturing process improvement.
- Supported by a highly skilled and experienced workforce
Risks
- High reliance on a limited number of bulk purchasers for the majority of revenue.
- The absence of long-term customer agreements exposes the company to attrition risks.
- Profitability is highly vulnerable to volatile prices of PP and HDPE raw materials.
- Geographic concentration of revenue is heavily reliant on Daman, Diu, and Maharashtra.
- Negative operating cash flows in recent financial years pose potential liquidity challenges.