Vinod Texworld IPO Day 2: Subscribed 0.27x; Retail demand jumps 43%
- Vinod Texworld IPO subscription stands at 0.27x on Day 2.
- Retail category leads with 0.50x, jumping 42.9% intraday.
- QIB and NII categories remain unsubscribed at 0.00x and 0.04x respectively.
- The issue closes on September 11, 2026, with allotment expected on September 15.
*this image is generated using AI for illustrative purposes only.
Vinod Texworld IPO subscription stands at 0.27x on Day 2, with Retail investors driving the momentum by jumping 42.9% to 0.50x. Qualified Institutional Buyers and Non-Institutional Investors remain unsubscribed as the issue closes on September 11, 2026.
Subscription Status
The subscription progression shows a steady increase from Day 1 to Day 2, primarily fueled by retail participation. The overall subscription multiple has risen from 0.04x to 0.27x.
| Day | Date | QIB | NII (bHNI) | NII (sHNI) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 | 09-09-2026 | 0.00x | 0.00x | 0.00x | 0.08x | 0.04x |
| Day 2 | 10-09-2026 | 0.00x | 0.00x | 0.04x | 0.50x | 0.27x |
Intra-day Timeline
On Day 2 (10-09-2026), the subscription figures picked up pace in the afternoon session.
| Time (IST) | QIB | NII (bHNI) | Retail | Total |
|---|---|---|---|---|
| 11:15 | 0.00x | 0.00x | 0.35x | 0.18x |
| 12:15 | 0.00x | 0.00x | 0.50x | 0.27x |
Category-wise Breakdown
- Retail: Leading the subscription at 0.50x, showing early interest from individual investors with a +42.9% intraday jump.
- NII (bHNI): Subscribed at 0.04x.
- QIB: No bids received yet (0.00x).
- NII (sHNI): No bids received yet (0.00x).
- Employees: No bids received yet (0.00x).
Offer Details
- Price Band: ₹94.00000 - ₹94.00000
- Issue Size: ₹338400 - ₹500000
- Min Bid Qty: 2400
- Open Date: 2026-09-09 10:00:00
- Close Date: 2026-09-11 16:00:00
About the Company
Vinod Texworld Limited is engaged in manufacturing, processing, supplying, and trading of textile products. Operating in India, it caters to both domestic and international markets with core operations in dyeing and printing of greige fabric. Its product portfolio includes cotton, polyester, and blended fabrics, managing the process from Greige Fabric to Dyed and Printed fabric.
Financial Highlights
| Metric | FY 2026 (₹ lacs) | FY 2025 (₹ lacs) | FY 2024 (₹ lacs) |
|---|---|---|---|
| Revenue from Operations | 34263.62 | 33536.93 | 27148.80 |
| Total Profit | 1040.74 | 923.36 | 548.64 |
| Total Assets | 18150.06 | 17768.13 | 15427.68 |
Objects of the Issue
- Expansion of Existing Plant: ₹6.39 crores
- Repayment of Loan: ₹7.15 crores
- To meet Working Capital Requirement: ₹20.35 crores
- General Corporate Purposes: ₹5.97 crores
- Issue Expenses: ₹2.97 crores
Risk Factors
- Corporate Guarantee Obligations and Contingent Liabilities
- Customer Concentration Risk
- High Working Capital Requirements
- Significant Debt Burden and Short-term Borrowing Dependence
- Supplier Concentration Risk
What's Next
- Allotment Date: 2026-09-15
- Listing Date: 2026-09-17
Will the lack of QIB and NII participation by Day 2 signal a potential issue price cut or allotment cancellation before the September 11 closing?
How might Vinod Texworld's high debt burden and customer concentration risks influence institutional investor sentiment during the final day of subscription?
Given the heavy allocation of funds to working capital and loan repayment, what is the projected impact on the company's net profit margins post-listing?
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