What does Vimal Oil & Foods Limited do?

Vimal Oil & Foods Limited (VOFL) is the flagship company of the Vimal Group, an edible oil manufacturer and marketer based in Mehsana, Gujarat. The company was founded in 1993 with a 50-ton refinery, blessed by His Divine Holiness Pramukh Swami Maharaj, and grew to become a prominent edible oil brand in western India. Its product portfolio includes refined edible oils sold under the Vimal brand.

What is the ISIN of Vimal Oil & Foods Limited?

The ISIN of Vimal Oil & Foods Limited is INE660C01011.

Who founded Vimal Oil & Foods Limited?

Vimal Oil & Foods Limited was incorporated in 1992 and commenced operations in 1993. The company is associated with the Vimal Group and has strong cultural roots, with its foundation laid with the blessings of His Divine Holiness Pramukh Swami Maharaj in Mehsana, Gujarat.

Is Vimal Oil & Foods Limited financially distressed?

The current unlisted share price of ₹0.05 strongly indicates the company is in severe financial distress. No recent financial disclosures are publicly available to assess its current revenue or profitability status.

Is Vimal Oil & Foods Limited planning an IPO?

There is no publicly announced IPO plan for Vimal Oil & Foods Limited as of 2025. Given the near-zero share price and apparent financial distress, an IPO in the near term appears unlikely.

How do I buy Vimal Oil & Foods unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Vimal Oil & Foods?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Vimal Oil & Foods shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Vimal Oil & Foods Unlisted Share Price | Buy Vimal Oil & Foods Pre-IPO Shares — wisefolio

Investment Thesis

Vimal Oil & Foods Limited has a rich heritage as one of Gujarat's pioneering branded edible oil companies, founded in 1993 in Mehsana. However, the current share price of ₹0.05 reflects severe financial deterioration. While the Vimal brand retains some recognition in western India, the company faces intense competition and appears operationally challenged. Unlisted share investment in this company carries very high risk.

Pros

Vimal Oil & Foods Limited is the flagship company of the Vimal Group, a well-known edible oil brand in Gujarat with over three decades of operational history since 1993
Started operations with a 50-ton refinery in Mehsana, Gujarat, and grew significantly — the 'Vimal' brand is a recognised name in edible oils in western India
Operates in the edible oils FMCG segment, which has consistent and recurring demand as a daily essential commodity

Cons

Share price of ₹0.05 is near-zero, indicating the company is in severe financial distress despite brand recognition in the edible oils market
The edible oils market in India is highly competitive, with dominant national brands like Fortune (Adani Wilmar), Saffola (Marico), and Gemini posing significant competitive pressure
As an unlisted company with limited public financial disclosures and a near-zero share price, investment risk is extremely high

Business Segments

Edible Oil Refining & Marketing

Refining and marketing of edible oils (groundnut, sunflower, mustard, palm oil) under the Vimal brand, primarily in Gujarat and western India

Revenue Model

Vimal Oil & Foods Limited earns revenue by procuring raw oilseeds/crude oil, refining them at its Mehsana facility, and selling branded packaged edible oils through a distribution network spanning Gujarat and western India. Revenue depends on commodity prices for crude oil and oilseeds and retail demand for branded cooking oil.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds7

Growth Plans

Potential acquisition or strategic partnership with a larger FMCG player looking to expand in western India edible oils market

Revival of the Vimal brand through debt restructuring under IBC or other mechanisms

Industry Tailwinds

Potential acquisition or strategic partnership with a larger FMCG player looking to expand in western India edible oils market

Revival of the Vimal brand through debt restructuring under IBC or other mechanisms

Recent Developments

Last available revenue data for FY2019

Operating revenue in Rs. 1–100 crore range for FY2019. No recent financial data available.

2019

Company entered liquidation proceedings

Vimal Oil & Foods Limited is currently under liquidation following severe revenue decline of -61.2% over 5 years

Post-2019

Comparable Companies

CompanyTypeTickerMkt Cap

Adani Wilmar LimitedPE: ~40xxListedAWL~30,000 Cr

Marico LimitedPE: ~50xxListedMARICO~65,000 Cr

Ruchi Soya Industries (Patanjali Foods)PE: ~35xxListedPATANJALI~40,000 Cr

Adani Wilmar LimitedListed

Frequently Asked Questions

About Vimal Oil & Foods

Vimal Oil & Foods Limited is a Gujarat-based edible oils manufacturer incorporated on May 14, 1992, under CIN L15400GJ1992PLC017626. The company is engaged in the processing, refining, and marketing of various edible oils for domestic consumption. Its product portfolio spans mustard oil, refined cottonseed oil, refined sunflower oil, refined soybean oil, refined groundnut oil, corn oil, rice bran oil, and fat spreads, offered in multiple packaging formats suited to retail and bulk consumers. Headquartered in Gujarat — India's hub for edible oil processing — Vimal Oil benefits from proximity to major agricultural growing regions and oilseed processing infrastructure. The company sells its products under its Vimal brand, targeting household consumers and food service businesses across western India. However, the company's financial trajectory has been challenging. The operating revenue was in the INR 1–100 crore range as of FY2019, and sales have declined at a rate of -61.2% over five years. Critically, the company is currently under liquidation. Market capitalisation stands at approximately Rs. 4.73 crore, reflecting the very limited investor confidence in the business. The company is listed on BSE, which provides some public disclosure of its financial difficulties. The combination of severe revenue decline and entry into liquidation proceedings indicates significant operational and financial distress. Investors should be aware that Vimal Oil & Foods is not an operational going concern and that investment in its shares carries significant risk of capital loss. The Vimal Oil brand and the related vimalmicrons.com group entity in the edible oils space represent the broader brand family, though the listed entity Vimal Oil & Foods Limited itself is under liquidation.

Key Milestones

Incorporated in 1992 in Gujarat; CIN: L15400GJ1992PLC017626; ISIN: INE660C01011

Common questions about unlisted shares

How do I buy Vimal Oil & Foods unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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