Vama Wovenfab Gears Up For SME Market Debut, ₹47.07-49.54 Crore IPO To Open September 15

Mumbai: Vama Wovenfab Limited is preparing to launch its SME initial public offering (IPO) on September 15, aiming to raise up to ₹49.54 crore through the sale of fresh equity shares. The Vama Wovenfab IPO will be open for subscription until September 17, with an expected listing on the BSE SME platform on September 22. The IPO price band is set between ₹324 and ₹341 per share, resulting in a valuation of approximately ₹47.07 crore at the floor price and ₹49.54 crore at the upper price.

Existing shareholders will not participate in an offer for sale, as the entire issue comprises new shares.

The fresh issue will account for around 28% of Vama Wovenfab's post-IPO equity capital, assuming full subscription. After setting aside 72,800 shares for the market maker, a net public offer of 13,80,000 shares will be available for retail investors. Gretex Corporate Services acts as the book-running lead manager, while Maashitla Securities serves as the registrar.

Vama Wovenfab specializes in manufacturing polypropylene and high-density polyethylene woven sacks and fabric-based products in various sizes, weights, and colors. Its portfolio includes HDPE trampoline products, coloured woven fabric sheets, and loop-handle bags. The company also deals in plastic granules, with its manufacturing plant situated in Daman.

Vama Wovenfab has experienced significant revenue growth in recent years. Revenue from operations surged by 179.01% in FY25 and a further 175.99% in FY26. EBITDA increased by 68.97% in FY26, and profit after tax rose by 68.86%. The company reported an earnings per share of ₹30.90 for FY26. Investors are advised to carefully consider the IPO's valuation, business prospects, and risks outlined in the Red Herring Prospectus before deciding on an investment.