N R Vandana Tex Industries IPO Subscribed 137% on Day 1 at ₹45 Fixed Price
By HDFC SKY | Updated at: May 31, 2025 10:45 PM IST
Mumbai, 28 May 2025: N R Vandana Tex Industries Ltd’s SME IPO made a solid debut on NSE Emerge, closing Day 1 of bidding with a strong 137% subscription. According to NSE Emerge data, the company received bids for 60,63,000 equity shares against the total issue size of 44,37,000 shares. The offering is priced at a fixed rate of ₹45 per share.
IPO Snapshot
| Detail | Info |
|---|---|
| Issue Opens | May 28, 2025 |
| Issue Closes | May 30, 2025 |
| Issue Price | ₹45 per share (Fixed Price) |
| Face Value | ₹10 per share |
| Lot Size | [To be confirmed] |
| Total Issue Size | 44,37,000 equity shares |
| Total Bids Received | 60,63,000 shares |
| Subscription (Day 1) | 137% (1.37 times) |
| Cut-off Bids | None recorded |
| Listing Platform | NSE Emerge |
Price-Level Demand
- Valid Bid Price: ₹45 (only accepted price)
- Shares Bid at/Above ₹45: 60.63 lakh
- Cut-off Price Bids: 0
Category-Wise Bidding Data
- Total Applications: 56
- Non-Institutional Investors (NIIs): Fully participated
- Corporates: 3.12 lakh shares
- Individuals (excluding RIIs): 57.51 lakh shares
- QIBs, FIIs, MFs: No bids on Day 1
About the Company and the Offer
Headquartered in Kolkata, N R Vandana Tex Industries Ltd is involved in textile manufacturing and the production of fashion products. The IPO comprises a fresh issue of 61.98 lakh equity shares, with the proceeds earmarked for working capital and general corporate purposes.
- Book Running Lead Manager (BRLM): Marwadi Chandarana Intermediaries Brokers Pvt Ltd
- Registrar: Cameo Corporate Services Ltd
- Market Maker: Alacrity Securities Ltd
Key Watchpoints
- Will QIBs enter the fray on Day 2 or 3?
- UPI Mandate Deadline: May 30, 2025, 5:00 PM IST
- Final subscription tally and allotment details expected post-May 30
With a promising Day 1, market participants are closely watching to see how the IPO progresses over the remaining days.
Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.
REF: https://www.nseindia.com/market-data/issue-information?symbol=NRVANDANA&series=SME&type=Active
