Vama Wovenfab IPO
Packaging • ₹49.54 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- Working capital or debt pressure highlighted in DRHP
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹341
Lot Size
400 shares
Issue Size
₹49.54 Cr
Open
15 Sept 2026
Close
17 Sept 2026
Subscription
2.57×
IPO Schedule
| Issue Open Date | 15 Sept 2026 |
| Issue Close Date | 17 Sept 2026 |
| Allotment Date | 18 Sept 2026 |
| Listing Date | 21 Sept 2026 |
About Vama Wovenfab
Vama Wovenfab Limited is engaged in the manufacturing and sale of polypropylene (PP) and high-density polyethylene (HDPE) woven sack bags and fabric-based products. Its product range includes woven sack bags, HDPE trampolines and coloured woven fabric sheets, and loop handle bags, manufactured in different weights, sizes, and colours based on customer specifications. The company also trades in plastic granules and provides customised bulk packaging products to B2B manufacturers and traders across industries such as agriculture, chemicals, food processing, food grains, sugar, fertilisers, and cement. Its manufacturing process uses plastic granules that are melted, extruded into tapes, and woven into fabric, which is then converted into woven bags. The company operates a manufacturing unit at Bhimpore, Daman, where production commenced in 2013. Its registered office is located at Borivali (West), Mumbai. The manufacturing unit is ISO 9001:2015 certified for its quality management system.
Company Details
Founders / Promoters
Mr Saurabh Suresh Gupta
Founded
2011
Registrar
Maashitla Securities Pvt Ltd
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Vama Wovenfab — IPOFins Verdict
QuantitativeDriven by QIB demand at 1.0x and elevated disclosed risk (8/10), Vama Wovenfab listed at a premium of 0.0% to its issue price. SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- The company has been operating in the woven bag and fabric industry for over 10 years and is ISO 9001:2015 certified for its quality management system.
- Vama Wovenfab has established long-term relationships with its customers and suppliers, which it claims helps maintain consistent raw material availability and product deliveries.
- The company claims to have an organised production and dispatch process that enables it to plan orders and adhere to scheduled delivery timelines.
- The company claims to have a trained and skilled workforce capable of operating its production machinery and handling its manufacturing processes.
- The company manufactures PP and HDPE woven bags and fabrics in different weights, sizes, and colours based on customer specifications. Its product range also includes HDPE trampoline and coloured wove
Score breakdown — what drove this verdict
High risk from DRHP → score -1.2
Institutional subscription → score 0
Actual listing outcome → score −0.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹341
Listing Price
₹341
Listing Gain/Loss
+0.00%
Listing Date
21 Sept 2026
Price Since Listing
Returns are measured against the ₹341 issue price.
Listing
₹341
+0.0%
1 Week
₹277.85
-18.5%
Current
₹277.85
-18.5%
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FAQ
What is the price band of Vama Wovenfab IPO?
The price band is ₹341 per share with a lot size of 400 shares. Minimum investment: ₹1,36,400.
What does Vama Wovenfab do?
Vama Wovenfab Limited is engaged in the manufacturing and sale of polypropylene (PP) and high-density polyethylene (HDPE) woven sack bags and fabric-based products. Its product range includes woven sack bags, HDPE trampolines and coloured woven fabric sheets, and loop handle bags, manufactured in different weights, sizes, and colours based on customer specifications. The company also trades in plastic granules and provides customised bulk packaging products to B2B manufacturers and traders across industries such as agriculture, chemicals, food processing, food grains, sugar, fertilisers, and cement. Its manufacturing process uses plastic granules that are melted, extruded into tapes, and woven into fabric, which is then converted into woven bags. The company operates a manufacturing unit at Bhimpore, Daman, where production commenced in 2013. Its registered office is located at Borivali (West), Mumbai. The manufacturing unit is ISO 9001:2015 certified for its quality management system.
Should I apply for Vama Wovenfab IPO?
Vama Wovenfab listed at ₹341 (+0.0% premium to the ₹341 issue price) after 2.6x subscription. IPOFins Score 3/10: Driven by QIB demand at 1.0x and elevated disclosed risk (8/10), Vama Wovenfab listed at a premium of 0.0% to its issue price. SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded Vama Wovenfab?
Vama Wovenfab was founded by Mr Saurabh Suresh Gupta in 2011.