Vinod Texworld IPO GMP, Date, Price Band & Review

Vinod Texworld IPO Details

Vinod Texworld IPO is a fixed-price issue of ₹42.83 crore, entirely a fresh issue of shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on September 29, 2025.

The price band of the issue is set at ₹94 per share and the lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor is ₹2,25,600 (2,400 shares). The IPO will be open for subscription from Sep 9 to 11, 2026, on the NSE SME platform, with a tentative listing date fixed as Sep 17, 2026. The book-running lead manager is Fast Track Finsec Private Limited, while KFIN Technologies Limited has been appointed as the registrar to handle allotment and refund processes.

Vinod Texworld IPO Date & Timeline

The Vinod Texworld IPO is officially set to open for subscription on Sep 9, 2026 and will close on Sep 11, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on September 29, 2025 and has now finalized its schedule following SEBI approval. Once the subscription window closes, allotment is expected on Sep 15, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Sep 16, 2026. Finally, shares of Vinod Texworld Ltd. are tentatively scheduled to list on the stock exchanges on Sep 17, 2026.

Company Background

Vinod Texworld Ltd. was originally incorporated as Shree Shiv Shakti Cot-Fab Private Limited on July 19, 2012, later evolved into Vinod Fabtex Private Limited in 2018 and eventually converted into a public limited company named Vinod Texworld Limited in December 2024 to proceed with its public listing procedures.

Currently, its core business is centred on bridging the gap between raw fabric production and finished apparel by offering advanced dyeing and printing solutions, with its headquarters and primary geographic presence rooted in Ahmedabad, Gujarat.

Operations & Product Range

Vinod Texworld Ltd. specializes in the processing, dyeing and printing of raw greige fabric, with key products including high-quality cotton fabrics, polyester fabrics and various blended textiles engineered to meet the dynamic trends of the apparel industry. The target customers and end markets primarily consist of B2B buyers, traders and fast-fashion clothing brands that require rapid turnaround times and consistent fabric quality to supply retail networks across the country.

Facilities & Capacity

Vinod Texworld Ltd. runs a single, fully integrated manufacturing facility located at Piplaj Pirana Road in Ahmedabad, Gujarat, with an installed capacity of 2.25 crore meters of fabric per year. In Fiscal 2026, it operated at an efficient 90% capacity, producing over 1.98 crore meters of processed fabric. The company aims to enhance its technological capabilities by installing advanced automatic jigger machines, a Yamuna Mercerizer and PLC-controlled C.P. dyeing machines to improve production throughput while reducing power consumption.

Brands & Market Presence

Vinod Texworld Ltd. operates as a key supply chain partner rather than a consumer-facing retail brand, with its core offering being customised, processed fabrics supplied to B2B clients. The company has a strong domestic presence, primarily driven by its established network of dealers and agents across India, with Gujarat alone contributing 64.60% of its revenue in FY25. While most of its operations are localized, it has also developed a modest export presence by supplying materials to buyers in Nepal and it follows a non-exclusive dealership model, allowing flexibility to adapt to different regional market demands.

Revenue Streams & Business Model

Vinod Texworld Ltd. operates primarily as a manufacturer and supplier of textile products, generating revenue through the B2B sale of fabrics and textile goods. The business model focuses on end-to-end production efficiency, sourcing raw materials, processing textiles and distributing to manufacturers, wholesalers and retail chains. By focusing on high-volume transactions, custom specifications and long-term buyer relationships, the company maintains steady cash flow and scalable operational margins across its core regional and national target markets.

Financial Performance

Vinod Texworld Ltd. has demonstrated consistent financial growth over the past three fiscal years. For FY26, revenue was expanded to ₹342.96 crore, profitability nearly doubled during this period, with net profit rising from ₹9.23 crore to ₹10.41 crore. Operating cash flow turned positive in FY26 at ₹7.87 crore, while the debt-to-equity ratio improved from 2.05x to 1.65x.

Management & Shareholding

Vinod Texworld Ltd. is led by a professional group of promoters, including Mr. Harsh Vinod Mittal, Mr. Yash Vinod Mittal and Mrs. Sweta Yash Mittal, who collectively held 93.1% of the pre-issue paid-up equity capital before the public issue. After the IPO, the promoters' shareholding will be slightly diluted as the offering includes 45.56 lakh of fresh issue of shares.

Board & Key Management

The leadership of Vinod Texworld Ltd. is led by a team of experts with many years of experience. Mr. Saket Jagdishchandra Agarwal serves as the Chairman and gives strategic direction to the firm. The daily operations are managed by Mr. Yash Vinod Mittal, the Managing Director, along with Whole-Time Director Mr. Harsh Vinod Mittal. To ensure good governance, the board includes Independent Directors Mr. Saket Jagdishchandra Agarwal and Ms. Nikita Sinha for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.