Should You Apply? Vandan Foods SME IPO GMP, Review & Key Insights

IPO Schedule & Pricing

The much-anticipated Vandan Foods SME IPO is set to hit the markets from 30th June to 2nd July 2025, offering investors an opportunity to participate in India’s thriving packaged food sector.

IPO Highlights:

• Fixed Price Issue: ₹115 per share
• Lot Size: 1,200 shares
• Minimum Investment: ₹1,38,000
• Fresh Issue Size: ₹30.36 crore
• Listing Venue: BSE SME platform

This public offering represents a pure fresh equity issue, with the raised capital expected to fuel the company’s expansion plans in the competitive FMCG space. As a regional food brand looking to scale operations, Vandan Foods presents an interesting investment proposition in the SME segment.

Post-allotment, shares will be listed on the BSE Emerge platform, providing liquidity to investors. The IPO comes at a time when India’s packaged food industry is witnessing robust growth, driven by changing consumption patterns and increasing urbanization.

Investors eyeing exposure to the domestic FMCG growth story may find this SME IPO particularly appealing, given the sector’s defensive characteristics and long-term growth potential.

💹 Vandan Foods SME IPO GMP Today

🔔 Note (07 July 2025):

GMP remains at ₹0, indicating no grey market activity or investor interest currently. This suggests the IPO may list at par with its issue price. As always, keep in mind that GMP is unofficial — rely on verified information before investing.

Vandan Foods SME IPO: Company Overview

Vandan Foods Limited is a Gujarat-based food processing company specializing in dairy products and ready-to-eat snacks. Established in 2015, the company has expanded its presence across western and northern India, leveraging its in-house manufacturing capabilities. With its upcoming SME IPO, Vandan Foods aims to raise ₹30.36 crore through a fresh equity issue priced at ₹115 per share. The offering, open from 30 June to 2 July 2025, requires a minimum investment of ₹1,38,000 (1,200 shares) and is set to list on the NSE SME platform.

The company’s product portfolio includes dairy staples like ghee, butter, and khoya, along with packaged sweets and snacks under the “Vandan” brand. Its vertically integrated facility ensures quality control, with processes spanning milk processing, chilling, and cold storage. Over the past three years, Vandan Foods has demonstrated steady revenue growth and improved capacity utilization, reflecting operational efficiency and market demand.

Proceeds from the IPO will be allocated toward expanding production capacity, working capital, and corporate expenses. The Indian packaged food sector is witnessing robust growth, driven by urbanization and shifting consumer preferences, positioning Vandan Foods for potential scalability. Investors are closely monitoring the GMP (Grey Market Premium), which indicates strong pre-listing interest in this SME offering.

In summary, Vandan Foods represents an intriguing opportunity in the FMCG and dairy space, combining regional brand strength with sector tailwinds. While SME IPOs carry higher risk, the company’s integrated operations and market positioning make it a noteworthy consideration for investors eyeing the packaged food industry’s growth.

📈 Revenue Performance – Vandan Foods SME IPO

• In FY 2022, Vandan Foods reported a modest revenue of ₹1.47 crore, reflecting its early-stage operations.
• Revenue jumped sharply to ₹11.59 crore in FY 2023, showing strong market expansion and improved distribution reach.
• The upward trend continued in FY 2024, with total revenue touching ₹48.73 crore, highlighting robust financial growth ahead of the Vandan Foods SME IPO launch.

This rapid increase in turnover over three years reflects growing consumer demand and the brand’s scalability within India’s booming packaged food segment.

Profit Trend – Vandan Foods SME IPO

• In FY 2022, Vandan Foods recorded a net loss of ₹0.11 crore, typical of early-stage operational challenges.
• The company moved into profitability in FY 2023, reporting a net profit of ₹0.64 crore, driven by rising revenues and better cost control.
• In FY 2024, profit surged to ₹2.64 crore, reflecting strong earnings growth ahead of the Vandan Foods SME IPO.

This steady improvement in profitability signals a healthy financial turnaround and growing investor confidence in the company’s long-term sustainability.

Total Assets Growth – Vandan Foods SME IPO

• As of FY 2022, Vandan Foods held total assets worth ₹4.20 crore, reflecting a lean operational base.
• In FY 2023, total assets grew moderately to ₹4.74 crore, indicating gradual capacity buildup.
• By FY 2024, the company’s asset base expanded to ₹12.12 crore, showing significant financial growth ahead of the Vandan Foods SME IPO.

This consistent rise in assets suggests improved capital utilization and a stronger operational footprint, positioning the company for future scalability in India’s growing food processing sector.

Expected Listing Price – Vandan Foods SME IPO

Based on the current Vandan Foods SME IPO GMP and growing market buzz, investors are hopeful that the listing price may pleasantly surprise many applicants. The gray market premium reflects the demand in the unofficial market, giving a solid clue about how much investors are willing to pay above the IPO price once the shares start trading publicly.

The trending Vandan Foods SME IPO GMP today suggests a positive sentiment among retail and institutional investors. A healthy GMP typically indicates that the stock could list at a premium, providing potential listing gains to early investors. While the official listing price depends on market conditions on the listing day, GMP acts as a useful barometer for estimating returns.

Given Vandan Foods’ steady financial performance, expanding production capacity, and increasing brand recognition in India’s growing packaged food sector, the IPO is attracting significant attention. Investors tracking the gray market and GMP closely expect the shares to debut with a good listing premium.

That said, it’s important to remember that GMP is an unofficial indicator and can fluctuate before listing. Market dynamics, investor sentiment, and external economic factors all play roles in determining the actual listing price.

In conclusion, based on the current Vandan Foods SME IPO GMP and market trends, the expected listing price looks encouraging. For those interested in this IPO, keeping an eye on the GMP today and the latest market updates can help make informed investment decisions. This is especially important for retail investors aiming to maximize potential gains in the dynamic SME IPO space.

Risk Factors – What Investors Should Know Before Applying for Vandan Foods SME IPO

Investors must note this before applying for the Vandan Foods SME IPO. While the company shows promising growth, there are some risks to consider. The packaged food industry is competitive and sensitive to changes in consumer preferences, raw material costs, and regulatory policies. These factors can impact profitability and future growth.

Additionally, the company plans to use IPO proceeds for expanding production and working capital, but delays or cost overruns in these projects could affect financial performance. Market conditions and economic factors, such as inflation or supply chain disruptions, may also influence business outcomes.

It’s important to understand that the Vandan Foods SME IPO GMP reflects market sentiment but is not a guarantee of listing gains. Investors should look beyond the GMP and evaluate the company’s fundamentals, industry outlook, and their own risk appetite before investing.

Overall, the Vandan Foods SME IPO offers promising investment opportunities in the growing packaged food sector, but investors should carefully assess all IPO risks and market factors. Consulting a trusted financial advisor can help make informed decisions aligned with your personal goals and risk appetite.

FAQs – Vandan Foods SME IPO GMP and More