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31 May, 2025
N R Vandana Tex Industries Limited IPO
N R Vandana Tex Industries Limited plans to raise ₹27.89 crore through a book-building SME IPO, offering a fresh issue of 61.98 lakh equity shares with a face value of ₹10 each. The period for IPO subscriptions began on May 28, 2025, and will end on May 30, 2025. By June 4th, 2025, shares should be listed on the NSE SME platform. The price band is set at ₹42–₹45 per share, and the minimum lot size for retail investors is 3,000 shares, requiring an investment of ₹1,35,000 at the upper band. For HNIs, the minimum application is two lots (6,000 shares) or ₹2,70,000.
Company Background
Founded in 1992, N R Vandana Tex Industries Limited is a firm situated in Kolkata that specialises in designing, manufacturing, and distributing cotton textile products at wholesale prices. Its main offerings include cotton sarees (printed and embroidered), unstitched salwar suits, and cotton bed sheets, marketed under the in-house brands “Vandana” and “Tanya.” The business mostly uses a B2B model by utilising a strong network of 1,041 wholesalers in 31 Indian states and union territories, as well as a B2B e-commerce platform to increase market reach and optimise distribution.
To maintain production flexibility and cost efficiency, certain manufacturing processes are outsourced on a job-work basis under detailed company guidelines. The company’s operational strength is further evidenced by industry recognition, such as the “Best Debutant – Apparels” award at the Ajio Business Partnership Meet in 2022.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
N R Vandana Tex Industries Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
N R Vandana Tex Industries Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | May 28, 2025 to May 30, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹42 to ₹45 per share |
| Lot Size | 3,000 Shares |
| Total Issue Size | 61,98,000 shares (aggregating up to ₹27.89 Cr) |
| Fresh Issue | 61,98,000 shares (aggregating up to ₹27.89 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,70,96,809 shares |
| Share Holding Post Issue | 2,32,94,809 shares |
| Market Maker Portion | 3,12,000 shares |
N R Vandana Tex Industries Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Wed, May 28, 2025 |
| IPO Close Date | Fri, May 30, 2025 |
| Tentative Allotment | Mon, Jun 2, 2025 |
| Initiation of Refunds | Tue, Jun 3, 2025 |
| Credit of Shares to Demat | Tue, Jun 3, 2025 |
| Tentative Listing Date | Wed, Jun 4, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 30, 2025 |
N R Vandana Tex Industries Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6000 | ₹2,70,000 |
N R Vandana Tex Industries Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100.00% | - |
Competitive Strength:
- ● Established Brand Presence
- ● Extensive Distribution Network
- ● Hybrid Manufacturing Model
- ● Consistent Financial Growth
- ● B2B E-commerce Adoption
- ● Industry Recognition
N R Vandana Tex Industries Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | - | 271.1 | 8.6 | - | - | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 183.55 | 220.21 | 4 | 25.16 | 68.98 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 167.96 | 195.60 | 1.8 | 17.27 | 65.08 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 17.54% |
| ROCE | 13.82% |
| Debt/Equity | 2.43 |
| RoNW | 15.10% |
| PAT Margin | 1.95 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
IPO Objectives
The net proceeds from the IPO will be used for:
- Funding working capital requirements
- Repayment of certain borrowings
- General corporate purposes
Conclusion
N R Vandana Tex Industries Limited’s IPO offers investors an opportunity to participate in a well-established, brand-driven textile company with a strong B2B focus and an extensive distribution network. The company’s consistent financial performance, operational flexibility, and recognized brands position it for continued growth in the Indian textile sector. The IPO proceeds are expected to further strengthen its working capital, reduce debt, and support expansion initiatives.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
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1. What are the IPO price band and lot size?
The price band is ₹42–₹45 per share. Minimum retail lot size is 3,000 shares, requiring an investment of ₹1,35,000 at the upper price band.
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2. What is the total issue size and structure?
The IPO aims to raise ₹27.89 crore via a fresh issue of 61.98 lakh shares. There is no offer-for-sale component, so all proceeds go to the company.
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3. How will the IPO proceeds be used?
Funds will be used primarily for working capital, repayment of borrowings, and general corporate purposes to strengthen financial health and support growth initiatives.
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4. When are the allotment and listing dates?
Subscription closes May 30, 2025. The NSE SME platform will list on June 4, 2025, with allocation anticipated by June 2 and shares credited by June 3.
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5. How do the market and GMP feel right now?
As of May 28, 2025, the grey market premium is flat at ₹45, indicating neutral demand and cautious investor sentiment ahead of listing.
