Vama Wovenfab has announced its initial public offering will open for subscription on September 15, 2026, with shares priced between ₹324 and ₹341. According to reports from The Economic Times, the IPO is scheduled to close on September 17, 2026, with equity shares proposed to be listed on the NSE SME platform. The listing is tentatively scheduled for September 22, 2026, subject to receiving applicable approvals. The IPO is structured as a bookbuilding issue with a total size of ₹50 crore, with shares offered in lots of 800 shares each at the upper end of the price band.
The initial share sale comprises an entirely fresh issue of nearly 14.53 lakh equity shares with a face value of ₹10 each. At the upper end of the price band, the company will raise ₹49.54 crore from the IPO. The net proceeds will be allocated as follows: ₹26.5 crore for working capital requirements, ₹7.24 crore for machinery purchases, ₹1.36 crore for shed construction, and the remaining balance for general corporate purposes. The company is ISO 9001:2015 certified and operates as a manufacturer of PP and HDPE woven sack bags and fabric-based packaging products.
The IPO requires a minimum investment of ₹2,72,800 for retail investors, representing one lot of 800 shares at ₹341 per share. For S-HNI investors, the minimum investment ranges from ₹2,72,800 to ₹9,54,800 depending on the lot size, while B-HNI investors can invest from ₹10,91,200 to ₹10,91,200. The company has 100% promoter holding pre-issue, which will reduce to 72% post-issue. Applications are made through a broker's app or bank's net banking using ASBA, or by UPI mandate between September 15-17, 2026. Allotment is expected to be finalized on Friday, September 18, 2026, with refunds and demat credit on September 21, 2026, and listing on September 22, 2026.
Vama Wovenfab, incorporated in 2011 and headquartered in Mumbai, operates from its Daman facility serving B2B customers across agriculture, chemicals, food processing, fertilizer and cement sectors with customised bulk packaging solutions. According to the company's Red Herring Prospectus, the business includes HDPE trampoline and coloured woven fabric sheets, loop handle bags, and trading in plastic granules. The company reported revenue from operations at ₹214.62 crore in FY26, compared with ₹27.87 crore in FY24, with revenue concentrated in Daman & Diu, Gujarat and Maharashtra. The company provides customised bulk packaging solutions to B2B customers across various industries and maintains strong long-term customer relationships.
