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Price band fixed at ₹324–₹341 per equity share; proposed listing on the BSE SME platform on Tuesday, 22 September 2026

Mumbai (Maharashtra) [India], September 11: Vama Wovenfab Limited (the “Company”) proposes to open its initial public offering (the “Issue” or “IPO”) of up to 14,52,800 fresh equity shares of face value ₹10 each on Tuesday, 15 September 2026. The Issue is scheduled to close on Thursday, 17 September 2026. The equity shares are proposed to be listed on the BSE SME platform, with listing tentatively scheduled for Tuesday, 22 September 2026, subject to receipt of applicable approvals.

Issue Highlights

Share Capital and Dilution

The Company’s pre-Issue paid-up equity share capital comprises 37,36,164 equity shares. Upon full subscription to the fresh issue, the post-Issue paid-up equity share capital will comprise 51,88,964 equity shares. The fresh issue represents approximately 28.00% of the post-Issue paid-up equity share capital. As the Issue is entirely a fresh issue, there is no offer for sale by existing shareholders. The resulting dilution of existing shareholders’ proportionate ownership is approximately 28.00%, assuming full subscription.

Issue Details

Issue Size and Category-wise Breakup

The above allocation is based on the category-wise reservation disclosed for the Net Offer. Amounts are rounded to two decimal places and calculated at the floor price of ₹324 and the cap price of ₹341 per equity share. The final allocation may be adjusted in accordance with the Red Herring Prospectus, the basis of allotment and applicable SEBI regulations.

The Issue comprises up to 14,52,800 fresh equity shares, aggregating to approximately ₹47.07 crore at the floor price and up to ₹49.54 crore at the cap price. After the Market Maker Reservation Portion of 72,800 equity shares, the Net Offer to the public comprises 13,80,000 equity shares, aggregating to approximately ₹44.71 crore at the floor price and up to ₹47.06 crore at the cap price. Gretex Corporate Services Limited is the Book Running Lead Manager and an Underwriter to the Issue; Nikunj Stock Brokers Limited is the Market Maker and an Underwriter to the Issue; and Maashitla Securities Private Limited is the Registrar to the Issue. Investors should refer to the Red Herring Prospectus for the final underwriting arrangements, category-wise allocation, application procedure, objects of the Issue, risk factors and other material information.

Indicative Issue Timeline

About Vama Wovenfab Limited

Vama Wovenfab Limited was incorporated on Wednesday, 16 March 2011 as a public limited company and is registered with the Registrar of Companies, Mumbai under Corporate Identification Number U18109MH2011PLC214860. The Company is ISO 9001:2015 certified and is primarily engaged in manufacturing and selling polypropylene (PP) and high-density polyethylene (HDPE) woven sack bags and fabric-based products of different weights, sizes and colours according to customer specifications, including HDPE trampoline products, coloured woven fabric sheets and loop-handle bags. It also trades in plastic granules. The Company’s registered office is situated at 1104, W-92, L. T. Road, Borivali (West), Vazira Naka, Mumbai – 400092. Its manufacturing facility is located at Survey Nos. 162/4, 162/6, 162/7 and 162/9, Coastal Highway, Bhimpore, Nani Daman, Daman – 396210, Union Territory of Dadra and Nagar Haveli and Daman and Diu.

Board of Directors and Key Management

Financial Performance

The following table summarises the Company’s key restated financial information for the financial years ended Sunday, 31 March 2024, Monday, 31 March 2025 and Tuesday, 31 March 2026, as disclosed in the Red Herring Prospectus, together with the corresponding year-on-year growth.

Growth highlights: Revenue from operations increased by 179.01% in FY 2024–25 and by 175.99% in FY 2025–26. EBITDA grew by 105.24% and 68.97%, respectively, while profit after tax increased by 160.08% and 68.86% over the same periods. Between FY 2023–24 and FY 2025–26, revenue, EBITDA and profit after tax recorded compound annual growth rates of approximately 177.51%, 86.23% and 109.56%, respectively.

Issue Valuation and Price-to-Earnings Ratio

The issue P/E disclosed for offer-price comparison is calculated using the weighted average pre-Issue EPS of ₹22.25. The FY 2025–26 P/E is shown separately for additional context and is derived from the stated FY 2025–26 EPS of ₹30.90. Market capitalisation is calculated using the post-Issue equity share capital of 51,88,964 shares. Figures are rounded to two decimal places and should be read with the “Basis for Offer Price” section of the Red Herring Prospectus.

Important Notice

Vama Wovenfab Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to undertake an initial public offering of its equity shares. The Red Herring Prospectus filed with the Registrar of Companies, Maharashtra at Mumbai, shall be available on the websites of the Company, the Book Running Lead Manager, BSE Limited and the Securities and Exchange Board of India, as applicable. Potential investors should note that investment in equity shares involves a high degree of risk and should refer to the Red Herring Prospectus, including the section titled “Risk Factors”, before making an investment decision. This press release is for information purposes only and does not constitute an offer, invitation, recommendation or solicitation to purchase or subscribe to securities in any jurisdiction. The Issue and all related announcements remain subject to the Red Herring Prospectus and applicable law. Dates stated herein are tentative and may be revised.