N R Vandana Tex Industries IPO vs Sundrex Oil IPO

Comparison between N R Vandana Tex Industries IPO and Sundrex Oil IPO.

IPO Details

N R Vandana Tex Industries IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Sundrex Oil IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of N R Vandana Tex Industries IPO is up to ₹26.49 Cr whereas the issue size of the Sundrex Oil IPO is up to ₹30.62 Cr. The final issue price of N R Vandana Tex Industries IPO is ₹45.00 per share and of Sundrex Oil IPO is ₹86.00 per share.

 N R Vandana Tex Industries IPOSundrex Oil IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹42.00 per share₹81.00 per share
Issue Price (Upper)₹45.00 per share₹86.00 per share
Issue Price (Final)₹45.00 per share₹86.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1600 shares
Fresh Issue Size58,86,000 shares35,60,000 shares
Fresh Issue Size (Amount)up to ₹26.49 Crup to ₹30.62 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total58,86,000 shares35,60,000 shares
Issue Size Total (Amount)up to ₹26.49 Crup to ₹30.62 Cr

IPO Timetable

N R Vandana Tex Industries IPO opens on May 28, 2025, while Sundrex Oil IPO opens on Dec 22, 2025. The closing date of N R Vandana Tex Industries IPO and Sundrex Oil IPO is May 30, 2025, and Dec 24, 2025, respectively.

 N R Vandana Tex Industries IPOSundrex Oil IPO
Anchor Bid DateMay 27, 2025
Issue OpenMay 28, 2025Dec 22, 2025
Issue CloseMay 30, 2025Dec 24, 2025
Basis Of Allotment (Tentative)Jun 02, 2025Dec 26, 2025
Initiation of Refunds (Tentative)Jun 03, 2025Dec 29, 2025
Credit of Share (Tentative)Jun 03, 2025Dec 29, 2025
Listing date (Tentative)Jun 04, 2025Dec 30, 2025
Anchor Lockin End date 1Jul 02, 2025
Anchor Lockin End date 2Aug 31, 2025

Financials & KPIs

N R Vandana Tex Industries IPO P/E ratio is 8.95, as compared to Sundrex Oil IPO P/E ratio of 10.69.

 N R Vandana Tex Industries IPOSundrex Oil IPO
Financials

Company Financials (Restated)

N R Vandana Tex Industries Ltd.'s revenue increased by 23% and profit after tax (PAT) rose by 100% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets202.94183.55167.96
Total Income271.10220.21195.60
Profit After Tax8.604.291.80
EBITDA19.2813.869.77
NET Worth33.7525.1617.27
Reserves and Surplus19.9325.1717.64
Total Borrowing69.0268.9865.08
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Sundrex Oil Co.Ltd.'s revenue increased by 41% and profit after tax (PAT) rose by 112% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets40.2138.4324.1514.93
Total Income19.1869.1249.1927.79
Profit After Tax1.945.442.570.40
EBITDA3.119.195.131.99
NET Worth17.2215.283.961.39
Reserves and Surplus7.575.632.970.41
Total Borrowing17.1317.3813.639.80
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100100
Promoter Shareholding (Post-Issue)73.3972
P/E Ratio8.9510.69
Market Cap₹104.83 Cr.₹115.20 Cr.
ROE17.5435.63
ROCE13.8227.03
Debt/Equity2.431.14
EPS₹5.03₹8.04
RoNW15.1035.63

Shares Offered

In the N R Vandana Tex Industries IPO Retail Individual Investors (RII) are offered 20,64,000 shares while in Sundrex Oil IPO retail investors are offered 20,64,000 shares. Qualified Institutional Buyers (QIB) are offered 11,76,000 shares in N R Vandana Tex Industries IPO and 75,200 shares in Sundrex Oil IPO.

 N R Vandana Tex Industries IPOSundrex Oil IPO
Anchor Investor Reservation17,61,000 shares0 shares
Market Maker Reservation3,12,000 shares1,88,800 shares
QIB11,76,000 shares75,200 shares
NII8,85,000 shares13,96,800 shares
RII20,64,000 shares20,89,600 shares
Employee0 shares
Others
Total58,86,000 shares35,61,600 shares

Bids Received (Subscription)

N R Vandana Tex Industries IPO subscribed 101.00x in total, whereas Sundrex Oil IPO subscribed 1.53x.

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N R Vandana Tex Industries IPO Vs Sundrex Oil IPO