Vishwas Refoils & Consumer Ltd. IPO Details
Vishwas Refoils & Consumer was incorporated on March 18, 2023. The company processes and adds value to various refined and filtered edible oils, including palmolein, sunflower, groundnut, mustard, cottonseed, corn, castor, soybean and rice bran oils, marketed under the “Vishwas” brand. Its products are supplied in consumer and bulk formats to households, food processing industries and HORECA customers, with operations aligned to ISO and FSSAI standards
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 2.9 M | - | - | ₹0 | DRHP DOC |
Vishwas Refoils & Consumer issue details
Vishwas Refoils & Consumer has 2.9 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Vishwas Refoils & Consumer IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | BSE |
Vishwas Refoils & Consumer NUMBER OF SHARES ON OFFER
Vishwas Refoils & Consumer FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 310.3 | 5.1 | 0.5 | -2.3 | 2.5% |
| FY25 | 237.3 | 2.7 | -0.6 | -1.5 | 1.9% |
| FY24 | 79.8 | 0.7 | -8.1 | -8.9 | 1.6% |
Vishwas Refoils & Consumer INFORMATION ON IPO ISSUE
About Vishwas Refoils & Consumer
Vishwas Refoils & Consumer was incorporated on March 18, 2023. The company processes and adds value to various refined and filtered edible oils, including palmolein, sunflower, groundnut, mustard, cottonseed, corn, castor, soybean and rice bran oils, marketed under the “Vishwas” brand. Its products are supplied in consumer and bulk formats to households, food processing industries and HORECA customers, with operations aligned to ISO and FSSAI standards
Object of the Issue
- To fund capital expenditure for setting up new facility for refining edible oil
- General corporate purposes
Vishwas Refoils & Consumer - PROMOTERS
| Name |
|---|
| Mandhiyani Deepak Daulatram |
| Honey Deepakkumar Mandhiyani |
Vishwas Refoils & Consumer - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Mandhiyani Deepak Daulatram | Chairman, Managing Director & CEO |
| Honey Deepakkumar Mandhiyani | Whole-time Director |
| Prakash Dwarkadas Advani | Non-Executive Director |
| Piyush Mukundrai Pandya | Non-Executive Independent Director |
| Vora Shreyansh Vijaybhai | Non-Executive Independent Director |
| Vanjani Jayesh Jayantkumar | Non-Executive Independent Director |
Vishwas Refoils & Consumer Book Running Lead Manager
Cumulative Capital Private Limited
contact@cumulativecapital.group
Vishwas Refoils & Consumer Registrar to the Offer
MUFG Intime India Private Limited
vishwasrefoils.smeipo@in.mpms.mufg.com
Vishwas Refoils & Consumer Strengths
Efficient supply chain & distribution network
The company has an established supply chain and distribution network supported by relationships with suppliers, distributors, wholesalers and other market participants. Its procurement, packaging and distribution capabilities enable timely product availability and help it serve diverse customer channels and geographies based on regional demand
Diverse customer base
The company serves a diversified customer base comprising wholesalers, food processors, HORECA establishments and household consumers across institutional and retail segments. Its ability to offer varied product specifications, pack sizes, order quantities and delivery formats provides flexibility to meet diverse customer requirements
Flexible packaging capabilities
The company offers edible oils in multiple packaging and bulk formats, catering to wholesale, institutional, retail and household customers with varying consumption and procurement needs. Its flexible product and pack-size mix enables it to respond to market demand, improve product availability and expand market penetration
Vishwas Refoils & Consumer Risks
Edible oils price fluctuation
Fluctuations in edible oil and other raw material prices, driven by commodity prices, supply, weather, imports, duties and foreign exchange, may increase the Company’s procurement costs and working capital requirements. Delays or inability to pass on higher costs to customers, or a decline in prices reducing inventory value, could adversely affect margins, profitability, cash flows and financial performance
Seasonal demand
The company’s edible oil sales are seasonal, with demand generally increasing during festival and wedding periods and weakening during off-peak months, leading to uneven quarterly revenues and profits. Any weak peak-season demand due to lower consumer spending, higher oil prices, competition, weather or supply disruptions may adversely affect profitability, cash flows and financial performance
High-volume, low-margin business
The company operates in a high-volume, low-margin edible oil business, making profitability sensitive to sales volumes, procurement costs, selling prices, logistics expenses and competition. Any disruption in turnover, weak sales growth or inability to pass on cost increases to customers could disproportionately affect its profitability, cash flows and financial condition
IPO FAQs
The promoters of the company are Mandhiyani Deepak Daulatram and Honey Deepakkumar Mandhiyani.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.