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Vandan Foods Ltd, an Ahmedabad-based castor oil manufacturer, has filed its Monitoring Agency Report from Infomerics Valuation and Rating for the quarter ended December 31, 2025, covering use of its SME IPO proceeds. The company raised Rs. 30.36 crores in its June–July 2025 IPO, leaving Rs. 27.37 crores as net proceeds after Rs. 2.99 crores in issue expenses. As of December 31, 2025, nearly all the funds have been deployed: Rs. 8.57 crores for working capital (fully used), Rs. 2.99 crores towards repayment of three term loans (Rs. 3.00 crores planned), Rs. 8.22 crores for CAPEX at the Dhinoj facility (Rs. 8.29 crores planned), and Rs. 7.51 crores for general corporate purposes (fully used). Only Rs. 0.10 crores remain unutilized, parked in a public issue account with Kotak Mahindra Bank. The monitoring agency confirmed no deviation from stated objects, no delays in implementation, and all statutory approvals are in place.
This is a routine compliance filing with a clean report — no deviations or delays, and IPO funds are being used as promised in the prospectus. No material impact expected on shareholders or stock price; the update reinforces that the company is on track with its post-IPO plans.