Vandan Foods Limited IPO
Vandan Foods Limited, a Gujarat-based producer of refined castor oil and castor de-oiled cake, opens its IPO from June 30 to July 2, priced at ₹115 per share. The company aims to raise ₹30.36 crore on the BSE SME platform to support working capital, debt reduction, and expansion of its Dhinoj facility. With FY24 revenue near ₹72.7 crore and a PAT of ₹4.5 crore, Vandan Foods plans to scale production and strengthen balance-sheet resilience as demand for its castor derivative products continues to grow.