N R Vandana Tex Industries IPO Subscribed 9,396% on Final Day
By Ankur Chandra | Updated at: May 31, 2025 10:45 PM IST
Kolkata, May 30, 2025 – The SME IPO of N R Vandana Tex Industries Ltd closed on a remarkable note, getting oversubscribed by an extraordinary 93.96 times (or 9,396%) on its final day. According to NSE Emerge data, the public issue received bids for over 41.69 crore shares against the offer size of just 44.37 lakh shares, highlighting massive interest from both QIBs and HNIs.
Final Day IPO Snapshot
| Detail | Info |
|---|---|
| Issue Opens | May 28, 2025 |
| Issue Closes | May 30, 2025 |
| Fixed Price | ₹45 per share |
| Face Value | ₹10 per share |
| Lot Size | [To be confirmed] |
| Total Issue Size | 44,37,000 shares |
| Total Bids Received | 41,69,19,000 shares |
| Overall Subscription | 93.96x |
| Listing Exchange | NSE Emerge |
Price-Wise Demand
| Price (₹) | Shares Bid |
|---|---|
| 42 | 41,69,19,000 |
| 43 | 41,66,19,000 |
| 44 | 41,65,98,000 |
| 45 | 41,65,20,000 |
Note: No bids were recorded at Cut-off price.
Category-wise Subscription (Final Tally)
| Category | Applications | Shares Bid |
|---|---|---|
| QIBs | 30 | 4,29,75,000 |
| Foreign Institutional Investors | 8 | 1,46,88,000 |
| Others | 22 | 2,82,87,000 |
| Non-Institutional Investors | 33,736 | 37,39,44,000 |
| Corporates | 67 | 84,69,000 |
| Individuals (Other than RIIs) | 33,598 | 36,29,22,000 |
| Others | 71 | 25,53,000 |
| Total | 33,766 | 41,69,19,000 |
Company Background
N R Vandana Tex Industries Ltd, based in Kolkata, operates in textile and fashion manufacturing. The IPO comprises a 100% fresh issue of 61.98 lakh shares, with the proceeds earmarked for working capital and corporate growth initiatives.
Lead Intermediaries
- Book Running Lead Manager: Marwadi Chandarana Intermediaries Brokers Pvt Ltd
- Registrar: Cameo Corporate Services Ltd
- Market Maker: Alacrity Securities Ltd
What’s Next
- Basis of Allotment: Expected next week
- UPI Mandate Cut-off: Closed May 30, 5:00 PM IST
- Listing Date: To be confirmed
REF: https://www.nseindia.com/market-data/issue-information?symbol=NRVANDANA&series=SME&type=Active
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