N R Vandana Tex Industries IPO Details
SME
N R Vandana Tex Industries IPO opens for subscription on 28 May 2025 and closes on 30 May 2025. The IPO will be listed on NSE with the tentative listing date set for 04 Jun 2025.
N R Vandana Tex Industries IPO price band has been fixed at ₹42 – ₹45 per share.The face value is ₹10 per share with a lot size of 3000.
N R Vandana Tex Industries IPO total issue size comprises 61,98,000 shares (aggregating up to ₹27.89 Cr). This includes a fresh issue of 61,98,000 shares (aggregating up to ₹27.89 Cr). Pre-issue shareholding stands at 1,70,96,809, which will increase to 2,32,94,809 post-issue.
N R Vandana Tex Industries IPO carries a ₹9 (20%) GMP, reflecting investor sentiment.
N R Vandana Tex Industries IPO Lot Size : Individual Minimum is 2 lots (6,000 shares) amounting to ₹270,000. Individual Maximum is 2 lots (6,000 shares) amounting to ₹270,000. SHNI Minimum is 3 lots (9,000 shares) amounting to ₹405,000. SHNI Maximum is 7 lots (21,000 shares) amounting to ₹945,000. BHNI Minimum is 8 lots (24,000 shares) amounting to ₹1,080,000.
The Lead Managers for N R Vandana Tex Industries IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Marwadi Chandarana Intermediaries Brokers Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Alacrity Securities. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the N R Vandana Textile Industries Limited RHP.
N R Vandana Tex Industries IPO Details
N R Vandana Tex Industries IPO Subscription
N R Vandana Tex Industries IPO Application Wise Breakup
N R Vandana Tex Industries IPO Dates
- 28 May 2025Opening dateOpen
- 30 May 2025Closing dateClose
- 02 Jun 2025Allotment Date Allotment
- 03 Jun 2025Initiation of RefundsRefund
- 03 Jun 2025Credit of SharesCredit
- 04 Jun 2025Listing dateListing
N R Vandana Tex Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 6000 | ₹270,000 |
| Individual Maximum | 2 | 6000 | ₹270,000 |
| SHNI Minimum | 3 | 9000 | ₹405,000 |
| SHNI Maximum | 7 | 21000 | ₹945,000 |
| BHNI Minimum | 8 | 24000 | ₹1,080,000 |
N R Vandana Tex Industries IPO Reservation
Promoter Holding
N R Vandana Tex Industries IPO Valuations
N R Vandana Tex Industries Financial Information
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 194.15 | 183.55 | 167.96 | 127.46 |
| Revenue | 60.81 | 220.21 | 195.6 | 177.2 |
| Profit After Tax | 2.04 | 4.29 | 1.8 | 1.81 |
| Net Worth | 27.2 | 25.16 | 17.27 | 15.47 |
| Reserves and Surplus | 27.21 | 25.17 | 17.64 | 15.84 |
| Total Borrowing | 72.94 | 68.98 | 65.08 | 40.94 |
| Amount in ₹ Crore | ||||
About N R Vandana Tex Industries IPO
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.
- Three generations of experience in the textile business
- Three manufacturing units and four warehouses
- 39,000 sq. ft. factory facility
Strength Of N R Vandana Tex Industries IPO
1. Wide Geographic Presence.
2. Strong Distribution Network.
3. Digital Sales Growth.
4. Product portfolio.
5. Supplier network enabling procurement at predicable and competitive pricing, leading to an overall efficient cycle.
6. Long Standing Relationship with job workers.
7. Experienced management team with a proven track record.
Risk Of N R Vandana Tex Industries IPO
1. There are certain outstanding legal proceeding involving its Promoter and Promoter Entities which may adversely affect the company business, financial condition and results of operations.
2. Its business is highly concentrated on the sale of women's sarees and is vulnerable to variations in demand and changes in consumer preference, could have an adverse effect on its business, results of operations and financial condition.
3. The company is dependent on job workers for manufacturing of its Products, any disruption to the company operations on account of Job work may have an effect on its business, results of operations and financial condition.
4. The company Business is dependent on network of wholesalers. The company top ten wholesalers contribute about 25.99%, 17.49% & 16.96% and 24.78% of its revenues from operations for period ended June 30, 2024 and for the year ended March 31, 2024, March 31, 2023 and March 31, 2022. Any loss of business from one or more of them may adversely affect its revenues and profitability.
5. The company is dependent upon few suppliers for the material requirements of its business. Further, the company does not have definitive agreements or fixed terms of trade with most of its suppliers. Failures to successfully leverage the company relationships with existing suppliers or to identify new suppliers could adversely affect its business operations.
6. Any disruptions to the supply, or increases in the pricing, of the raw materials and finished products that the company outsource, may adversely affect the supply and pricing of its products and, in turn, adversely affect the company business, cash flows, financial condition and results of operations.
7. The company relies on its relationships with certain marketplaces and web traffic drivers for sales through its online channel.
8. The Company is dependent on third party transportation providers for the delivery of raw materials and finished products. Accordingly, continuing increases in transportation costs or unavailability of transportation services for its products, as well the extent and reliability of Indian infrastructure may have an adverse effect on the Company's reputation, business, financial condition, results of operations and prospects.
9. Its manufacturing activities are labour intensive and depend on availability of skilled and unskilled labourers in large numbers. In case of unavailability of such labourers and / or inability to retain such personnel, its business operations could be affected.
10. The company does not own the premises in which its manufacturing units and warehouses are located and the same are on lease arrangement. Any termination of such lease/license and/or non-renewal thereof and attachment by Property Owner could adversely affect its operations.
Objectives N R Vandana Tex Industries IPO
1. Funding working capital requirements of the Company.
2. Prepayment/Repayment of Loan.
3. General Corporate Purposes.
Company Contact Details
N R Vandana Tex Industries Limited
220, Mahatma Gandhi Road, Barabazar, Kolkata, Kolkata, West Bengal – 700007, India
Phone: +91 9331281999
Email: cs@vandanafashion.com
Website: https://www.vandanafashion.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
N R Vandana Tex Industries IPO - FAQs
The N R Vandana Tex Industries IPO is a SME public issue comprising 6198000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹27.89 Cr. The issue price has been fixed at ₹45 per equity share, and the minimum application size is 3000 shares.
The IPO opens for subscription on 28 May 2025, and closes on 30 May 2025.
Cameo Corporate Services Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE
As of now, the current GMP stands at ₹9 (20%).