Vandan Foods IPO: Check subscription status, GMP, allotment date and listing date.

Vandan Foods IPO GMP Today: The initial public offering of Vandan Foods is going to be closed today, Wednesday, July 2. The BSE SME IPO aims to raise Rs 30.36 crore, to be used for debt repayment, capex and other corporate expenditures. Till 12:59 pm on the final day of bidding on Wednesday, the issue received a 1.47 times subscription, garnering bids for 36,76,800 shares as against the 25,08,001 shares on offer.

The retail and NII participation stood at 2.57x and 0.37x, respectively.

Vandan Foods, founded in 2015, manufactures refined castor oil and castor oil cake, operating in both B2B and B2C models with a supply footprint across multiple Indian states.

According to market observers, the grey market premium of the Vandan Foods IPO has declined to zero, indicating flat or negative listing.

The GMP was recorded at 21.74% on the previous day on Tuesday.

The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

The basis of allotment of the Vandan Foods IPO will be finalised on July 3.

Its stock market listing will take place on July 7, on the BSE’s SME platform.