Vinod Texworld IPO

About Vinod Texworld IPO

The Vinod Texworld IPO, an SME IPO, opens on Wednesday, September 9, 2026 and closes on Friday, September 11, 2026. The allotment of shares will take place on Tuesday, September 15, 2026. The credit of shares to the demat account will take place on Wednesday, September 16, 2026. The initiation of refunds will take place on Wednesday, September 16, 2026. The listing of shares will take place on Thursday, September 17, 2026.

The equity shares of the company are proposed to be listed on the NSE SME platform. The offer consists of a fresh issue component. The fresh issue will include 45,56,400 shares aggregating up to ₹42.83 crore. Of this, 2,28,000 shares aggregating up to ₹2.14 crore are reserved for the market maker, and the net offer to the public is 43,28,400 shares aggregating up to ₹40.69 crore.

Vinod Texworld IPO's issue price is set at ₹94 per share on a fixed-price basis. The lot size for an application is 1,200 shares, with a minimum application of 2 lots. The minimum amount of investment required by a retail investor is ₹2,25,600 (2,400 shares) (based on the issue price). The minimum investment required by an HNI applicant is 3 lots (3,600 shares), amounting to ₹3,38,400.

Vinod Texworld manufactures, dyes, prints, and sells cotton, polyester, and blended fabrics from its unit in Ahmedabad, Gujarat. The Company manages the full cycle from greige fabric to dyed and printed fabric for the fast-fashion segment.

Objectives of Vinod Texworld IPO

• Expansion of the existing plant.
  
• Repayment of loan.
  
• To meet working capital requirements.
  
• General corporate purposes.
  

Industry Outlook

India's textile industry supplies fabrics for apparel, home furnishings, and industrial use. Fabric dyeing sits at the heart of this chain, adding colour, style, and value to greige cloth. India's textile and apparel market is growing at a CAGR of 14.59%, rising from US$ 172.3 billion in 2022 to a projected US$ 387.3 billion by 2028. The sector contributes about 2.3% of GDP, roughly US$ 70 billion.

Exports matter too. The government is targeting a US$ 1.8 trillion domestic textile market and US$ 100 billion of textile exports by 2030, supported by schemes such as the Scheme for Integrated Textile Parks, the Technology Upgradation Fund Scheme, and the MITRA park programme. Sustainability is reshaping the dyeing segment, with eco-friendly dyes and water-efficient processes gaining ground.

About Vinod Texworld Limited

Vinod Texworld manufactures, processes, and supplies textile products, with core operations in the dyeing and printing of greige fabric. Its product portfolio spans cotton, polyester, and blended fabrics for the fast-fashion segment. Production runs from a single unit at Saijpur, Ahmedabad, Gujarat. Domestic customers generated 99.01% of revenue from operations in FY25, while exports to Nepal contributed the balance of 0.99%.

The Company sells across Gujarat, Punjab, Haryana, Delhi, Rajasthan, Uttar Pradesh, and West Bengal. Gujarat alone accounted for 49.38% of revenue from operations in FY25. Its top ten customers contributed 50.84% of FY25 revenue from operations. Quality is checked in-house through colour fastness, residual shrinkage, stretchability, and skewness tests. A 100-kW solar power plant is already installed, and a further 1,500-kW solar module has been proposed to cut energy costs.

Strengths of Vinod Texworld

• Strong focus on quality assurance and adherence to industry standards.
• Backed by an experienced management team with relevant industry expertise.
• A satisfied customer base supported by a consistent focus on quality.
• A strong and sustainable business model.
• Established operations with a proven track record in the industry.
• Strong emphasis on sustainability, quality, innovation and technology.
• Integrated capabilities across sourcing, production and delivery.
• Strong relationships with key industry participants.

Risks of Vinod Texworld

• Heavy dependence on suppliers may expose the business to supply chain disruptions.
• High working capital requirements may put pressure on the company’s cash flows.
• Limited market reach may restrict the company’s ability to expand its customer base.
• Seasonal labour shortages may affect business operations and productivity.
• Increasing competition from larger players may put pressure on margins and market share.
• Changes in government policies and regulations may adversely affect the business.
• Rising labour wages may increase operating costs.
• The industry has low entry barriers, exposing the business to increased competition from new entrants.
• Fluctuations in raw material prices may adversely affect operating margins.

Anchor Investor Bidding Date

Anchor investor allocation is not applicable for this SME IPO.

IPO Registrar and Lead Manager

Registrar Details
KFin Technologies Limited
Tel No: +91 40 6716 2222;
Email: vinodtex.ipo@kfintech.com

Lead Manager
Fast Track Finsec Private Limited

Vinod Texworld Contact Details
185/2, Saijpur, Gopalpur, Opp. Shanti, Process, Piplaj Pirana Road,
Ahmedabad, Gujarat, India, 382405.
Email id: ho@vinodtexworld.com,
Phone: +91 7069030829

Vinod Texworld Business Model

The company earns its revenue through the manufacture, dyeing, printing, and sale of cotton, polyester, and blended fabrics to domestic and international buyers. It converts greige fabric into dyed and printed fabric for the fast-fashion segment and supplies customers across several Indian states, with a small share of exports.

Vinod Texworld Growth Trajectory

Vinod Texworld Limited's Total Income for FY25 was ₹335.56 crore, whereas in FY24 and FY23 it was ₹271.65 crore and ₹200.73 crore, respectively.

The Profit After Tax for FY25 was ₹9.21 crore, whereas in FY24 and FY23 it was ₹5.30 crore and ₹0.68 crore, respectively.

Their EBITDA for FY25 was ₹20.99 crore, whereas in FY24 and FY23 it was ₹12.29 crore and ₹4.80 crore, respectively.

Vinod Texworld Market Position

Vinod Texworld operates a single dyeing and printing unit at Saijpur, Ahmedabad, Gujarat, and serves customers across Gujarat, Punjab, Haryana, Delhi, Rajasthan, Uttar Pradesh, and West Bengal. Gujarat contributed 49.38% of revenue from operations in FY25, and domestic sales accounted for 99.01% of the total, with exports to Nepal making up the remainder. The Company markets its dyed and printed fabrics to retailers, semi-wholesalers, and wholesalers through commission-based agents and participates in trade fairs such as Gartex Texprocess.

As of 31 March 2025, the company's Total Income, Profit After Tax, and EBITDA were ₹335.56 crore, ₹9.21 crore, and ₹20.99 crore, respectively.

How to apply for Vinod Texworld IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.