Vinod Texworld IPO Analysis & Review

Quick Answers

What is the Vinod Texworld IPO GMP today? The Vinod Texworld IPO GMP is ₹8 as of 8/9/2026, 5:17:03 am. The IPO price band is ₹94 - ₹94. GMP represents an unofficial grey-market indication and does not guarantee the listing price.

When does Vinod Texworld IPO open? The Vinod Texworld IPO opens on 2026-09-09 and closes on 2026-09-11.

What is the Vinod Texworld IPO subscription status? The overall subscription is 0x.

Key IPO Information

ViewIPO AI Analysis Score

The Vinod Texworld IPO scored 57/100 (High Risk) in our deep analysis.

Frequently Asked Questions

What is the primary business of Vinod Texworld Limited?

Vinod Texworld Limited manufactures, processes, and supplies dyed and printed textile fabrics made of cotton, polyester, and blended yarns for the fast-fashion industry.

What is the issue size and price band for the Vinod Texworld IPO?

The total IPO issue size is Rs 42.83 crore, consisting entirely of a fresh issue priced at Rs 94 per share with a minimum lot size of 1,200 shares.

How does Vinod Texworld intend to use the IPO proceeds?

The fresh issue proceeds of Rs 42.83 crore will be allocated towards expansion of the existing plant (Rs 6.39 crore), loan repayments (Rs 6.50 crore), meeting working capital requirements (Rs 18.50 crore), and general corporate purposes.

What are the major financial risks associated with Vinod Texworld's cash flows?

Vinod Texworld has consistently generated negative operating cash flows (-Rs 5.86 Cr in FY23, -Rs 6.68 Cr in FY24, and -Rs 11.85 Cr in FY25) due to increasing working capital needs and trade receivables.

What is the corporate guarantee risk disclosed by Vinod Texworld?

The company has extended a corporate guarantee of Rs 76.27 crore for loans taken by promoter group company Vinod Cotfab Private Limited, which represents 2.38 times Vinod Texworld's total net worth of Rs 31.98 crore.

What are the key dates for the Vinod Texworld IPO?

The IPO opens on September 9, 2026, closes on September 11, 2026, with allotment scheduled for September 15, 2026, and tentative listing on September 17, 2026.

View IPO
View IPO
Home›India›Vinod Texworld ()
Vinod Texworld Logo

Vinod TexworldNSE SME / BSE SME:

Analyzed by ViewIPO Financial Research Team
TextilesIndiaFiled 2026-09-09Listing 2026-09-17Size ₹43.16Cr
Lot Size 1200
Live GMP
₹8 (+8.51%)
Check Allotment
Status Link

Is Vinod Texworld IPO Good? Quick Verdict

Vinod Texworld IPO scored 57/100 (High Risk) in our deep analysis. The strongest pillar is Dilution at 70/100, while Competition is the primary concern at 45/100. Vinod Texworld Limited demonstrates robust top-line revenue growth in dyed and printed fabric processing, but carries severe financial red flags including persistent negative operating cash flows, high supplier concentration, and a corporate guarantee exceeding 2.38 times its net worth.

IPO Score
57/100
High Risk

Quick Verdict

Consistent top-line growth with revenue scaling from Rs 200.67 crore in FY23 to Rs 335.37 crore in FY25.
Persistent negative operating cash flows for three consecutive fiscal years, reaching -Rs 11.85 crore in FY25.
Corporate guarantee of Rs 76.27 crore extended to a promoter entity exceeds total net worth by 2.38x.
Extreme supplier concentration, with the top 10 suppliers accounting for 92.12% of purchases in FY25.

Company Snapshot

Revenue (TTM)
₹335.37Cr↑ 23.53% YoY
Profitability
PositiveNet Income ₹5.3Cr
Gross Margin
— 
Market Cap
—Pending Data
IPO Size
₹43.16Cr 
Industry
Textiles 
P/E Ratio
—Pending Data
Debt to Equity
2.07xLeverage

Risk Breakdown

Governance
65
Moderate
Financial
55
Expensive
Valuation
50
Expensive
Competition
45
Expensive
Dilution
70
Moderate
Promoter / Mgmt
60
Moderate

AI Summary

Vinod Texworld Limited is an Indian textile processing and manufacturing firm specializing in dyed and printed fabrics for fast-fashion markets. The company has sustained steady top-line growth, generating Rs 335.37 crore in revenue during FY25 across key Indian markets including Gujarat and Punjab. However, Vinod Texworld exhibits significant balance sheet vulnerabilities, notably negative cash flows from operations for three consecutive years and an outstanding corporate guarantee of Rs 76.27 crore extended to a promoter group entity. The proceeds from its Rs 42.83 crore IPO are targeted toward plant expansion, debt reduction, and working capital requirements.

Overall Verdict: Vinod Texworld Limited demonstrates robust top-line revenue growth in dyed and printed fabric processing, but carries severe financial red flags including persistent negative operating cash flows, high supplier concentration, and a corporate guarantee exceeding 2.38 times its net worth.

Key Highlights

  • •Revenue from operations expanded at a 29.3% CAGR from Rs 200.67 crore in FY23 to Rs 335.37 crore in FY25.
  • •Operating cash flow remained negative across all reported periods due to heavy inventory and trade receivables drag (-Rs 11.85 crore in FY25).
  • •Company operates a single manufacturing plant located in Ahmedabad, Gujarat, introducing significant asset concentration risk.
  • •Top 10 customers contributed 50.84% (Rs 170.60 crore) of total revenue from operations in FY25.
  • •Outstanding corporate guarantee of Rs 76.27 crore pledged for loan facilities of group entity Vinod Cotfab Private Limited.
  • •Total issue size of Rs 42.83 crore is 100% fresh issue earmarked for plant expansion, loan repayment, and working capital.

Financial Performance

Revenue (Annual)

↑ +23.5% YoY

INR in Crores

Net Income (Annual)

↑ +679.4% YoY

INR in Crores

Cash Flow vs Profit

↓ -77.4% YoY

INR in Crores

CF
NP

EBITDA vs PAT

EBITDA YoY

INR in Crores

EBITDA
PAT

IPO Timeline

IPO Opens2026-09-09
IPO Closes2026-09-11
Basis of Allotment2026-09-15
Refunds & Demat2026-09-13
Listing Date2026-09-17

Valuation Analysis

IPO Price₹94
Estimated Fair Value
Pending Data
Valuation Premium
Pending
vs Fair Value

IPO DNA

Growth
50
Governance
65
Profitability
55
Valuation
50
Competition
45
Execution
60

Pros vs Cons

Pros

  • Sustained top-line revenue growth from Rs 200.67 crore in FY23 to Rs 335.37 crore in FY25.
  • Established supply distribution network across major Indian states including Gujarat, Punjab, Rajasthan, and Delhi.
  • Cost optimization initiatives including an existing 100-kW solar power plant and proposed 1,500-kW solar expansion.

Cons

  • Negative operating cash flows across FY23 (-Rs 5.86 Cr), FY24 (-Rs 6.68 Cr), and FY25 (-Rs 11.85 Cr) driven by working capital lockup.
  • Substantial contingent corporate guarantee of Rs 76.27 crore for promoter group firm Vinod Cotfab, representing 2.38x company net worth.
  • Heavy reliance on top 10 suppliers who account for 92.12% of total purchases in FY25.
  • Single-plant operational exposure situated in Ahmedabad, Gujarat, combined with 64.60% geographic revenue concentration in Gujarat.

Financial Health

Revenue Growth
29.3% CAGR (FY23-FY25) (Good)
Debt Level
Rs 66.28 Cr indebtedness vs Rs 31.98 Cr net worth (D/E ~2.07x) (Weak)
Cash & Equivalents
Negative OCF of -Rs 11.85 Cr in FY25 (Weak)

Institutional Signals

Anchor Investors
Undisclosed
VC Backing Tier
None
Strategic Partners
None

Vinod Texworld IPO Reddit Pulse & Sentiment

Real-time Reddit discussions & retail sentiment

No Public Data Available

We couldn't find any significant public discussions or retail sentiment threads for this IPO at the moment.

Disclaimer: These are raw community discussions aggregated from public forums. The AI summary and Reddit comments do not constitute financial advice. Always conduct your own independent research.

Vinod Texworld IPO — Frequently Asked Questions

Related IPO Reports

Asset Reconstruction

Asset Reconstruction

ARCIL
58/100
View Report
Karamtara Engineering

Karamtara Engineering

KARAMTARA
64/100
View Report
LCC Projects

LCC Projects

LCCPROJECT
60/100
View Report
Manipal Payment and Identity Solutions

Manipal Payment and Identity Solutions

MPIMANIPAL
64/100
View Report
Rentomojo

Rentomojo

RENTOMOJO
64/100
View Report
View All Active & Upcoming IPOs View IPO Calendar

IPO Terminology Explained

Confused by terms like GMP, Kostak, or Subject to Sauda? Read our detailed guides in the IPO Glossary to understand the terminology before you invest.

Grey Market Premium (GMP)Subject to SaudaASBAOffer for Sale (OFS)
View Full Glossary

Source Citation: All financial data and risk metrics are derived from the official prospectus filed with the regulator (SEBI DRHP/RHP). ViewIPO algorithms process this public data for informational purposes. Not financial advice.

Want to analyze another IPO?

Search any stock, IPO, company, ticker or filing and get instant AI-powered analysis.

Frequently Asked Questions about Vinod Texworld

What is the expected listing price of Vinod Texworld?

The expected listing price depends on the live Grey Market Premium. Check the live GMP and expected listing price for Vinod Texworld on our Live GMP Tracker.