Vinod Texworld to raise ₹42.83 cr through SME IPO
The IPO will open for subscription on September 9 and remain open till September 11.
Vinod Texworld, a textile manufacturer based in Ahmedabad, plans to raise ₹42.83 crore through a small and medium enterprises (SME) IPO. The company will issue 45.56 lakh equity shares at a fixed price of ₹94 per share, with the issue opening for subscription on September 9 and remaining open until September 11. The initial public offering will be listed on the National Stock Exchange's SME (Small and Medium Enterprises) segment, with a tentative listing date set for September 17, 2026.
The funds raised from the IPO will be utilized to expand Vinod Texworld's existing fabric processing and dyeing plant, repay outstanding borrowings, enhance working capital requirements, and address general corporate purposes. Promoter and Managing Director Yash Vinod Mittal emphasized that the company aims to strengthen its operations by investing in its processing and dyeing facilities, managing its liquidity, and reducing its debt obligations.
Financially, Vinod Texworld reported revenue of ₹342.64 crore in fiscal year 2026, up from ₹271.49 crore in fiscal year 2024. Profit after tax also increased, reaching ₹10.41 crore from ₹5.49 crore during the same period. The company operates across several states, including Gujarat, Punjab, Haryana, Delhi, Rajasthan, Uttar Pradesh, and West Bengal.
It specializes in manufacturing, processing, and trading dyed and printed fabrics made from cotton, polyester, and blended materials. Novus Capital Advisors is the sole book-running lead manager for the IPO.
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