Bookbuilding IPO | ₹28 Cr | Listed at NSE SME
N R Vandana Tex Industries IPO is a book build issue of ₹27.89 crores. The issue is entirely a fresh issue of 0.62 crore shares of ₹27.89 crore.
N R Vandana Tex Industries IPO bidding started from May 28, 2025 and ended on May 30, 2025. The allotment for N R Vandana Tex Industries IPO was finalized on Jun 2, 2025. The shares got listed on NSE SME on Jun 4, 2025.
N R Vandana Tex Industries IPO price band is set at ₹45 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹2,70,000 (6,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (9,000 shares), amounting to ₹4,05,000.
Marwadi Chandarana Intermediaries Brokers Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Alacrity Securities Ltd..
Refer to N R Vandana Tex Industries IPO RHP for detailed Information.
IPO Open
Wed, May 28, 2025
IPO Close
Fri, May 30, 2025
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹104.83 Cr
| IPO Date | 28 to 30 May, 2025 |
| Listed on | Wed, Jun 4, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹42 to ₹45 |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 61,98,000 shares (agg. up to ₹28 Cr) |
| Reserved for Market Maker | 3,12,000 shares Alacrity Securities Ltd. (agg. up to ₹1 Cr) |
| Net Offered to Public | 58,86,000 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 1,70,96,809 shares |
| Share Holding Post Issue | 2,32,94,809 shares |
| NSE Symbol | NRVANDANA |
| ISIN | INE104101014 |
N R Vandana Tex Industries IPO offers total 61,98,000 shares. Out of which 29,37,000 (47.39%) allocated to QIB, 11,76,000 (18.97%) allocated to QIB (Ex- Anchor), 8,85,000 (14.28%) allocated to NII 20,64,000 (33.30%) allocated to RII and 17,61,000 (28.41%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,12,000 (5.03%) |
| QIB Shares Offered | 29,37,000 (47.39%) |
| − Anchor Investor Shares Offered | 17,61,000 (28.41%) |
| − QIB (Ex. Anchor) Shares Offered | 11,76,000 (18.97%) |
| NII (HNI) Shares Offered | 8,85,000 (14.28%) |
| − bNII > ₹10L | 5,88,000 (9.49%) |
| − sNII < ₹10L | 2,97,000 (4.79%) |
| Retail Shares Offered | 20,64,000 (33.30%) |
| Total Shares Offered | 61,98,000 (100.00%) |
Investors can bid for a minimum of 6,000 shares and in multiples of 3,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 6,000 | ₹2,70,000 |
| Individual investors (Retail) (Max) | 2 | 6,000 | ₹2,70,000 |
| S-HNI (Min) | 3 | 9,000 | ₹4,05,000 |
| S-HNI (Max) | 7 | 21,000 | ₹9,45,000 |
| B-HNI (Min) | 8 | 24,000 | ₹10,80,000 |
N R Vandana Tex Industries IPO raises ₹7.92 crore from anchor investors. N R Vandana Tex Industries IPO Anchor bid date is May 27, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, May 27, 2025 |
| Shares Offered | 17,61,000 |
| Anchor Portion (₹ Cr.) | 7.92 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jul 2, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Aug 31, 2025 |
Incorporated in 1992, N R Vandana Tex Industries Limited is a Kolkata-based company specializing in the design, manufacturing, and wholesale distribution of cotton textile products, including sarees, salwar suits, and bed sheets. The company markets its products under the brand names Vandana and Tanya.
Operating on a B2B model, the company distributes its products through a network of 1,041 wholesalers across 31 Indian states and leverages a B2B e-commerce platform for broader reach. Certain manufacturing processes are outsourced on a job-work basis, with the company providing detailed technical specifications such as designs, patterns, quality standards, and fabric types.
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 202.94 | 183.55 | 167.96 |
| Total Income | 271.10 | 220.21 | 195.60 |
| Profit After Tax | 8.60 | 4.29 | 1.80 |
| EBITDA | 19.28 | 13.86 | 9.77 |
| NET Worth | 33.75 | 25.16 | 17.27 |
| Reserves and Surplus | 19.93 | 25.17 | 17.64 |
| Total Borrowing | 69.02 | 68.98 | 65.08 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company. | 16.28 |
| 2 | Prepayment/Repayment of Loan. | 5.00 |
| 3 | General Corporate Purposes. |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 17.54% |
| ROCE | 13.82% |
| Debt/Equity | 2.43 |
| RoNW | 15.10% |
| PAT Margin | 1.95% |
| EBITDA Margin | 6.29% |
| Price to Book Value | 0.47 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.03 | 3.69 |
| P/E (x) | 8.95 | 12.2 |
| Promoter Holding | 100.00% | 73.39% |
| Market Cap | ₹104.83 Cr. |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees (including underwriting, brokerage and selling commission and payment to other Intermediaries such as Legal Advisors to the IPO, Consultants, Registrars, Auditors and other out of pocket expenses.) | 4.00 |
| 2 | Commission / processing fee for SCSBs, Sponsor Bank and Bankers to the Issue. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs. | 0.27 |
| 3 | Listing fees, NSE, book building software fees and other regulatory expenses | 0.05 |
| 4 | Printing and Stationery | 0.01 |
| 5 | Advertising and Marketing expenses | 0.08 |
| 6 | Miscellaneous | 0.10 |
Note that this IPO is being conducted as per the revised rules for SME companies. The web display reflecting these changes is currently under process. In the meantime, please note the following corrections with regard to the minimum application size:
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹45.00 |
| Low | ₹42.75 |
| High | ₹46.00 |
| Last Trade | ₹43.70 |
Lead Manager Reports
N R Vandana Tex Industries IPO is a SME IPO of 61,98,000 equity shares of the face value of ₹10 aggregating up to ₹28 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Wed, May 28, 2025, and closes on Fri, May 30, 2025.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in N R Vandana Tex Industries IPO using UPI as a payment gateway. Zerodha customers can apply in N R Vandana Tex Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in N R Vandana Tex Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The N R Vandana Tex Industries IPO opens on Wed, May 28, 2025 and closes on Fri, May 30, 2025.
N R Vandana Tex Industries IPO lot size is 3000, and the minimum amount required for application is ₹2,70,000, with 2 lots being the minimum application size.
You can apply in N R Vandana Tex Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for N R Vandana Tex Industries IPO will be done on Monday, June 2, 2025, and the allotted shares will be credited to your demat account by Tue, Jun 3, 2025. Check the N R Vandana Tex Industries IPO allotment status.
The N R Vandana Tex Industries IPO listing date is on Wed, Jun 4, 2025.
