N R Vandana Tex Industries IPO Allotment to Take Place Today
By Ankur Chandra | Published at: Jun 2, 2025 12:52 PM IST
Mumbai | June 2, 2025: N R Vandana Tex Industries will be doing its IPO allotment today, 2nd June, 2025.
IPO Allotment Snapshot
N R Vandana Tex Industries IPO attracted overwhelming interest, receiving 20.73 crore bids for just 44.37 lakh shares, signalling strong investor demand. The stock is slated for listing on the NSE SME platform on June 4, 2025.
How to Check Allotment Status
Via NSE Website:
- Visit the NSE IPO allotment page.
- Click on “Equity & SME IPO bid details.”
- Select “NRVANDANA” from the dropdown menu.
- Enter your PAN or Application Number.
- Click Submit to view status.
Via Registrar – Cameo Corporate Services Ltd:
- Go to the IPO allotment section on Cameo’s site.
- Choose “N R Vandana Tex Industries Limited” from the list.
- Input PAN/Application No./DP Client ID.
- Complete the CAPTCHA and click Submit.
Key IPO Details
- Issue Size: ₹27.89 crore
- Fresh Issue: 61.98 lakh shares
- Issue Price: ₹45 per share
- Lead Manager: Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
- Registrar: Cameo Corporate Services Ltd
Use of Funds
Proceeds from the IPO will be used for:
- Meeting working capital needs
- Repayment or prepayment of borrowings
- General corporate purposes
Subscription Data (as of May 30, 2025)
| Category | Subscription (x) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 36.53 |
| Non-Institutional Investors (NIIs) | 126.78 |
| Total | 93.96 |
Grey Market Premium (GMP)
As of June 2, 2025, the GMP stood at ₹14, implying a potential listing price of ₹59 – a 31.11% premium over the issue price.
Note: GMP is unofficial and should not be relied on solely for investment decisions.
About the Company
N R Vandana Tex Industries is engaged in the manufacturing, design, and wholesale distribution of cotton textiles, including sarees, salwar suits, and bed sheets. Operating on a B2B model, the company serves over 1,397 wholesalers via both offline and online platforms. In 2022, it received the “Best Debutant – Apparels” award at the Ajio Business Partnership Meet.
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