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N R Vandana Tex Industries IPO
₹1,26,000/3000 shares
Minimum Investment
IPO Details
28 May 25
30 May 25
₹1,26,000
3000
₹42 to ₹45
NSE
₹27.89 Cr
04 Jun 25
N R Vandana Tex Industries IPO Timeline
Bidding Start
28 May 25
Bidding Ends
30 May 25
Allotment Finalisation
02 Jun 25
Refund Initiation
03 Jun 25
Demat Transfer
03 Jun 25
Listing
04 Jun 25
NR Vandana Tex Industries Limited
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 |
SWOT Analysis of N R Vandana Tex Industries IPO
Strength and Opportunities
- Diverse product range including sarees, salwar suits, and bed sheets catering to varied customer preferences.
- Established B2B distribution network with over 1,000 wholesalers across 31 Indian states.
- Utilization of a B2B e-commerce platform enhances market reach and operational efficiency.
- Three generations of experience in the textile industry, indicating deep-rooted expertise and brand legacy.
- Ownership of manufacturing units and warehouses ensures better control over production and inventory management.
Risks and Threats
- Limited online presence may restrict reach to digitally savvy consumers.
- Dependence on traditional wholesale channels could limit adaptability to market shifts.
- Outsourcing certain manufacturing processes may affect quality control and consistency.
- Intense competition in the textile sector poses challenges to market share and pricing strategies.
- Economic fluctuations and changing consumer trends can impact demand for traditional textile products.
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About NR Vandana Tex Industries Limited IPO
IPO Strengths
- Broad network of wholesalers facilitating deep market reach
- Established collaborations with job workers enhance production support
- Presence on key B2B platforms like SOLV, Udaan, Bijnis, Jozzby, and Ajio ensures product accessibility
- Reliable supplier ties contribute to cost savings and streamlined operations
- Seasoned leadership with extensive industry experience and success
- Strong distribution presence across India
Peer Group Comparison
- As per the DRHP, there are no comparable listed peer of the company and therefore information related to peer is not provided
How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
1Login to your HDFC SKY Account
2Select Issue
3Enter Number of Lots and your Price.
4Enter UPI ID
5Complete Transaction on Your UPI App
FAQs On NR Vandana Tex Industries Limited IPO
How can I apply for NR Vandana Tex Industries Limited IPO?
You can apply via HDFCSky, or other brokers using UPI-based ASBA (Application Supported by Blocked Amount).
What is the NR Vandana Tex IPO opening and closing date?
The IPO opens on 28 May 2025 and closes on 30 May 2025.
What is the minimum investment required for retail investors?
Retail investors need to invest a minimum of ₹1,35,000 for 3,000 shares at the cutoff price.
When is the listing date for the NR Vandana Tex IPO?
The shares are expected to be listed on NSE SME on 4 June 2025.
What is the size and type of the NR Vandana Tex IPO issue?
It’s a book-built issue of ₹27.89 crore, consisting entirely of a fresh issue of 61.98 lakh shares.
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