Vinod Texworld, an integrated textile manufacturer, is set to launch its initial public offering (IPO) on September 9, 2026. The SME IPO will offer 45,56,400 shares at a fixed price of INR 94 per share, aiming to raise INR 42.83 crore. The issue closes on September 11, 2026, with shares expected to list on NSE Emerge on September 17, 2026.
The IPO is entirely a fresh issue of shares, meaning the company will receive all proceeds from the offering, with no offer-for-sale component. Investors can bid for a minimum of 2,400 shares, amounting to INR 2,25,600, or in multiples of 1,200 shares. The company’s pre-issue shares stand at 1,16,01,200, with a face value of INR 10 per share.
Vinod Texworld specializes in producing, processing, and supplying dyed and printed fabrics for both fast-fashion and industrial textile markets. The company manages its entire value chain, from greige fabric processing to dyeing, printing, finishing, quality testing, and distribution. Its product range includes cotton, polyester, and blended fabrics, as well as specialty fabrics like twill, satin, dobby, drill, oxford, slub, knitted, melange, and PU-coated fabrics. These are used across apparel, uniforms, workwear, and various industrial applications.
In the financial year 2025 (FY25), dyed fabrics generated 72.9% of the company’s revenue, while printed fabrics contributed 27.0%. Vinod Texworld produced 19.84 million meters of fabric and sold 19.67 million meters in FY25. The company primarily serves customers in major textile hubs across India, with domestic sales accounting for 99.0% of FY25 revenue. Exports, mainly to Nepal, made up the remaining 1.0%. As of August 31, 2025, Vinod Texworld employed 103 people. The company’s promoters are Mr. Harsh Vinod Mittal, Mr. Yash Vinod Mittal, and Mrs. Sweta Yash Mittal.
Financial Performance
Vinod Texworld has shown revenue growth over the past three fiscal years:
- **FY 2023:** Revenue INR 200.67 crore, Net Income INR 0.68 crore, Net Margin 0.34%
- **FY 2024:** Revenue INR 271.49 crore, Net Income INR 5.30 crore, Net Margin 1.95%
- **FY 2025:** Revenue INR 335.37 crore, Net Income INR 9.21 crore, Net Margin 2.75%
IPO Objectives
The net proceeds from the IPO are intended for several key initiatives:
- Plant expansion: INR 6.39 crore
- Repayment of loans: INR 6.50 crore
- Meeting working capital requirements: INR 18.50 crore
- General corporate purposes
FAST TRACK FINSEC PRIVATE LIMITED is the lead manager for the offer, and KFIN TECHNOLOGIES LIMITED is the registrar.
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