N R Vandana Tex Industries IPO

Established in 1992, N R Vandana Tex Industries Limited is a Kolkata-based company engaged in designing, manufacturing, and wholesaling cotton textile products like sarees, salwar suits, and bed sheets under the brands Vandana and Tanya. With three generations of textile expertise, the company operates through a B2B model, supported by 1,041 wholesalers across 31 Indian states and a B2B e-commerce platform. It owns three manufacturing units, four warehouses, and a 39,000 sq. ft. factory, outsourcing certain processes with precise design, quality, and fabric specifications.

NR Vandana Tex Industries Limited IPO Overview

The NR Vandana Textile IPO is a book-built issue worth ₹27.89 crores, comprising a fresh issue of 61.98 lakh shares. The subscription window opens on May 28, 2025, and closes on May 30, 2025. The allotment is expected to be finalised on June 2, 2025, with a tentative listing on the NSE SME platform scheduled for June 4, 2025. The IPO price band is set between ₹42 and ₹45 per share.

Retail investors must apply for a minimum lot size of 3,000 shares, requiring an investment of ₹1,26,000, though bidding at the cutoff price of ₹45 is advised, raising the amount to ₹1,35,000 to avoid missing out in case of oversubscription. For High Net-worth Individuals (HNIs), the minimum application is two lots or 6,000 shares, totalling ₹2,70,000. Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is the book-running lead manager, and Cameo Corporate Services Limited is the registrar for the IPO.

NR Vandana Tex Industries Limited IPO Details

Particulars	Details
IPO Date	28 May 2025 to 30 May 2025
Listing Date	4 June 2025
Face Value	₹10 per share
Issue Price Band	₹ to ₹ per share
Lot Size	3000 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)
Offer for Sale	NA
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

NR Vandana Tex Industries Limited IPO Reservation

Investor Category	Shares Offered
QIB	Not more than 50% of the Net Issue
Retail	Not less than 35% of the Net Issue
NII (HNI)	Not less than 15% of the Net Issue

NR Vandana Tex Industries Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	3,000	₹1,35,000
Retail (Max)	1	3,000	₹1,35,000
HNI (Min)	2	6,000	₹2,70,000

NR Vandana Tex Industries Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	100.00%
Post-Issue

NR Vandana Tex Industries Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	2.56
Price/Earnings (P/E) Ratio	TBD
Return on Net Worth (RoNW)	15.10%
Net Asset Value (NAV)	77.11
Return on Equity	17.54%
Return on Capital Employed (ROCE)	13.82%
EBITDA Margin	6.29%
PAT Margin	1.95
Debt to Equity Ratio	2.32

Objectives of the Proceeds

• Funding working capital requirements of the company up to, ₹1628.00 lakhs

• Repayment of loan, ₹500 lakhs

• Meet general corporate expenses

Key Financials (in ₹ lakhs)

Particulars	30 Sept 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	19,641.51	18,354.70	16,795.72	12,746.22
Revenue	12,703.40	22,010.80	19,524.14	17,717.33
Profit After Tax	397.41	429.40	179.94	181.41
Reserves and Surplus	2916.37	2516.96	1763.52	1583.58
Total Borrowings	7601.69	6897.51	6508.36	4093.60