Vama Wovenfab IPO: Rs 50 Crore Issue Opens Sept 15
By ThePip Desk
Vama Wovenfab plans to raise Rs 50 crore through its upcoming IPO. Discover key dates, price band, share details, and company operations.
IPO Details and Timeline
Vama Wovenfab is heading to the market with an initial public offering aiming to raise up to Rs 50 crore. The company is issuing 1,452,800 shares to potential investors.
- Subscription dates: September 15, 2026, to September 17, 2026.
- Price band: Rs 324 to Rs 341 per equity share.
- Listing platform: SME Platform of BSE.
- Lead manager: Gretex Corporate Services.
- Compliance officer: Sakshi Mishra.
The share has a face value of Rs 10. The pricing represents a premium of 32.40 times the face value at the lower band and 34.10 times at the upper band.
Company Operations and Use of Funds
Vama Wovenfab operates as an ISO 9001:2015 certified manufacturer of Polypropylene and High-Density Polyethylene woven sack bags and fabric products. The firm provides customized bulk packaging solutions to business-to-business clients across the agriculture, food processing, and chemical sectors.
- Construction: Capital expenditure for shed construction.
- Equipment: Purchase of new machinery.
- Operations: Meeting working capital requirements.
- General: General corporate purposes.
The manufacturing process involves melting plastic granules into tapes, which are then woven into fabrics for conversion into customized bags. The company also incorporates recycled residues and masterbatches to maintain durability and color specifications for its product range.
Strategic Market Positioning
The company maintains a diverse production line that includes HDPE trampoline sheets and loop handle bags alongside its core woven sack business. By utilizing ancillary inputs like BOPP films and liners, the firm tailors its output to meet specific client requirements regarding strength and printability.
This public issue marks a significant step for the company as it looks to scale its production facilities and operational capacity. Investors will be watching the subscription numbers closely when the window opens in mid-September to gauge market appetite for SME-listed industrial packaging players.