NR Vandana Textile IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
May 28 to May 30 2025
Price Band
₹45
Current GMP
₹45 (0.0%)
Subscription
101.00 times
IPO Details
| IPO Date | May 28, 2025 to May 30, 2025 |
| Listing Date | June 4, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹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 |
IPO Date
May 28, 2025 to May 30, 2025
Listing Date
June 4, 2025
Face Value
₹10 per share
Issue Price
₹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
IPO Subscription Details
| Market Maker | 1 |
| Qualified Institutions | 36.54 |
| Non-Institutional Buyers*** | 126.70 |
| Total ** | 101.00 |
Market Maker
1
Qualified Institutions
36.54
Non-Institutional Buyers***
126.70
Total **
101.00
Day Wise Sub
| Day | QIB | NII* | Total |
|---|---|---|---|
| Day 1 May 28, 2025 | 0.00 | 2.05 | 1.47 |
| Day 2 May 29, 2025 | 2.40 | 6.34 | 5.22 |
| Day 3 May 30, 2025 | 36.54 | 126.70 | 101.00 |
DayDay 1
May 28, 2025
QIB0.00
NII*2.05
Total1.47
DayDay 2
May 29, 2025
QIB2.40
NII*6.34
Total5.22
DayDay 3
May 30, 2025
QIB36.54
NII*126.70
Total101.00
IPO Important Dates
| 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 |
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
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 6,000 | ₹2,70,000 |
| Individual investors (Retail) (Max) | 2 | 6,000 | ₹2,70,000 |
| HNI (Min) | 3 | 9,000 | ₹4,05,000 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares6,000
Amount₹2,70,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares6,000
Amount₹2,70,000
ApplicationHNI (Min)
Lots3
Shares9,000
Amount₹4,05,000
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 0.00 | 183.55 | 167.96 |
| Revenue | 271.10 | 220.21 | 195.60 |
| Profit After Tax | 8.60 | 4.29 | 1.80 |
| Net Worth | 0.00 | 25.16 | 17.27 |
| Reserves and Surplus | 0.00 | 25.17 | 17.64 |
| Total Borrowing | 0.00 | 68.98 | 65.08 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 20250.00
31 Mar 2024183.55
31 Mar 2023167.96
Period EndedRevenue
31 Mar 2025271.10
31 Mar 2024220.21
31 Mar 2023195.60
Period EndedProfit After Tax
31 Mar 20258.60
31 Mar 20244.29
31 Mar 20231.80
Period EndedNet Worth
31 Mar 20250.00
31 Mar 202425.16
31 Mar 202317.27
Period EndedReserves and Surplus
31 Mar 20250.00
31 Mar 202425.17
31 Mar 202317.64
Period EndedTotal Borrowing
31 Mar 20250.00
31 Mar 202468.98
31 Mar 202365.08
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 3,12,000 (7.03%) |
| QIB Shares Offered | 11,76,000 (26.50%) |
| NII (HNI) Shares Offered | 29,49,000 (66.46%) |
| Total Shares Offered | 44,37,000 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
3,12,000 (7.03%)
QIB Shares Offered
11,76,000 (26.50%)
NII (HNI) Shares Offered
29,49,000 (66.46%)
Total Shares Offered
44,37,000 (100%)
Information about company
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.
Key Highlights
Three generations of experience in the textile business
Three manufacturing units and four warehouses
39,000 sq. ft. factory facility
Competitive Strengths
Extensive wholesaler network enabling wide market penetration
Robust pan-India distribution network
Product availability on major B2B platforms: SOLV, Udaan, Bijnis, Jozzby, and Ajio
Strong supplier relationships ensure cost-effective procurement and operational efficiency
Long-standing partnerships with job workers
Experienced leadership team with a proven track record in the industry
Objectives of IPO
The Company Vandana IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (in Millions)
1
Funding working capital requirements of the Company.
162.8
2
Prepayment/Repayment of Loan.
50
3
General Corporate Purposes.
Disclaimer
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