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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 ₹45.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹2,52,000.00 (6,000 shares). The minimum lot size investment for 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 Date | May 28, 2025 to May 30, 2025 |
| Listing Date | June 4, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹42 to ₹45 per share |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 61,98,000 shares (aggregating up to ₹27.89 Cr) |
| Reserved for Market Maker | 3,12,000 shares Alacrity Securities Ltd. (aggregating up to ₹1.40 Cr) |
| Net Offered to Public | 58,86,000 shares (aggregating up to ₹26.49 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 |
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%) |
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. N R Vandana Tex Industries IPO Anchor Investors list
| Bid Date | May 27, 2025 |
| Shares Offered | 17,61,000 |
| Anchor Portion Size (In Cr.) | 7.92 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 2, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 31, 2025 |
N R Vandana Tex Industries IPO opens on May 28, 2025, and closes on May 30, 2025.
| 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 Fri, May 30, 2025 |
Investors can bid for a minimum of 6,000 shares and in multiples of 3,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 6,000 | ₹2,70,000 |
| Individual investors (Retail) (Min) | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Limited'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 market capitalization of N R Vandana Tex Industries IPO is ₹104.83 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 |
The Company NR Vandana Textile IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding working capital requirements of the Company. | 16.28 |
| 2 | Prepayment/Repayment of Loan. | 5.00 |
| 3 | General Corporate Purposes. |
[Dilip Davda] NRVTIL is engaged into production and marketing of cotton textile products like sarees, salwar suits, bed sheets etc. The company posted growth in its top and bottom lines. However, sudden boost in its bottom lines from FY24 onwards surprises. Based on recent financial data, the issue appears fully priced. With IPO funding, the company aims to expand its business activities. It is operating in a highly competitive and fragmented segment. Well-informed investors may park funds for medium to long term. Read detail review...
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:
| Listing Date | June 4, 2025 |
| BSE Script Code | |
| NSE Symbol | NRVANDANA |
| ISIN | INE104101014 |
| Final Issue Price | ₹45 per share |
| NSE Listing Group | SM |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹45.00 |
| Low | ₹42.75 |
| High | ₹46.00 |
| Last Trade | ₹43.70 |
N R Vandana Tex Industries Ltd.
220, Mahatma Gandhi Road
Barabazar
Kolkata, West Bengal, 700007
Phone: +91 9331281999
Email: cs@vandanafashion.com
Website: https://www.vandanafashion.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: inestors@cameoindia.com
Website: https://ipo.cameoindia.com/
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 ₹27.89 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on May 28, 2025, and closes on 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 May 28, 2025 and closes on 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 Tuesday, June 3, 2025. Check the N R Vandana Tex Industries IPO allotment status.
The N R Vandana Tex Industries IPO listing date is on Wednesday, June 4, 2025.
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