Vinod Texworld IPO
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Vinod Texworld IPO details
Schedule of Vinod Texworld
| Issue open date | 09 Sep 2026 |
| Issue close date | 11 Sep 2026 |
| UPI mandate deadline | 11 Sep 2026 (5 PM) |
| Allotment finalization | 15 Sep 2026 |
| Refund initiation | 16 Sep 2026 |
| Share credit | 16 Sep 2026 |
| Listing date | 17 Sep 2026 |
| Mandate end date | 26 Sep 2026 |
| Lock-in end date for anchor investors (50%) | 14 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 13 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Vinod Texworld
Vinod Texworld Limited processes greige fabric into finished fabrics used primarily by clothing brands and end-users. The company conducts operations through manufacturing and trading activities, with products distributed domestically across states including Gujarat and Punjab, as well as exported to Nepal. Its manufacturing processes encompass fabric processing activities such as dyeing, washing, printing, and finishing, utilizing specialized machinery including jigger machines, vertical drying ranges, desize machines, mercerise machines, stenter machines, rotary printing machines, and singeing machines. Revenue is primarily generated through the sale of processed and traded textile products, supported by an effluent treatment plant, boilers, turbines, and a ground-mounted solar power project for operational utilities.
Financials of Vinod Texworld
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 42.83 |
| Fresh Issue – Proceeds go to the company | 42.83 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Expansion of Existing Plant | 6.39 (14.92%) |
| Repayment of loan | 7.15 (16.70%) |
| To Meet Working Capital Requirements | 20.35 (47.51%) |
| Issue Expenses | 2.97 (6.93%) |
| General corporate purposes | 5.97 (13.94%) |
Strengths
- Established fabric processing setup with end-to-end dyeing, printing, and finishing operations.
- Diversified revenue stream combining in-house manufacturing and trading of textile products.
- Dedicated utility infrastructure including an Effluent Treatment Plant and captive solar energy project.
- Experienced promoter leadership with deep domain knowledge in the textile sector.
- Broad domestic distribution network across multiple key regional textile hubs.
Risks
- Revenue concentration risk with over 50% of sales derived from top ten customers.
- High dependence on single-location manufacturing operations in Ahmedabad, Gujarat.
- High working capital intensity with significant reliance on short-term bank borrowings.
- Absence of long-term contracts with key customers, operating primarily on purchase orders.
- Outstanding corporate guarantee obligations provided on behalf of a promoter group entity.