N R Vandana Tex IPO 1.47T/Day1

What is the last grey market premium of N R Vandana Tex Industries IPO?

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Listing Review: Will update on listing.

Subscription status of N R Vandana Tex Industries IPO

N R Vandana IPO
(Day 1)

Price Rs. 45 Lot 3000 shares, Rs. 27.89 Crore

QIB NII x RII x Total x Applications
0.00 6.85 0.00 1.47 56
Note:
Weak response until now.

Nikita Papers IPO Allotment Link: 

 

 

What is the business of N R Vandana Tex Industries?

Weaving Tradition with Innovation Since 1992

Founded in 1992 and headquartered in Kolkata, N R Vandana Tex Industries Limited has grown into a leading name in India’s textile landscape. Specializing in the design, manufacturing, and wholesale distribution of premium cotton textile products—including sarees, salwar suits, and bed sheets—the company proudly markets its offerings under the well-recognized Vandana and Tanya brands.

Built on three generations of textile expertise, the company blends time-honored craftsmanship with modern production methods to meet the evolving demands of the Indian market.

What Sets it Apart

  • Extensive B2B Network: Operating on a robust B2B model, it supplies its products through a nationwide network of 1,041 wholesalers across 31 states. Its presence is further strengthened by a dedicated B2B e-commerce platform, enabling efficient and far-reaching distribution.

  • Flexible Manufacturing: While it operates three fully-equipped manufacturing units and maintain four strategically located warehouses, certain production processes are outsourced to trusted partners. It ensures consistency and quality by supplying precise design templates, fabric specifications, and quality benchmarks.

  • State-of-the-Art Infrastructure: Its core manufacturing facility spans over 39,000 sq. ft., providing the scale and sophistication needed to meet high-volume demands while maintaining product excellence.

With deep roots in tradition and an eye on innovation, N R Vandana Tex Industries Limited continues to thread together quality, trust, and timeless design—one fabric at a time.

Get more information about the company @ https://www.vandanafashion.com/

N R Vandana Tex Industries IPO Details

IPO opens on  28 May 2025
IPO closes on  30 May 2025
Issue Type Book Built Issue IPO
Issue Size 6198000 Shares /
Rs 72.89 Crore
* Fresh Issue 6198000 Shares /
Rs 27.89 Crore
* Offer for Sale –
Market Maker Portion 312000 Shares
Net offer to Public 5886000 Shares/
26.49 Crore
Face Value per share Rs. 10
Price Band Rs. 42-45
Employee discount  Rs. 0 per share
Retail Lot Size  3000 Shares
Listing will at  NSE SME

Shares offered in IPO

  Shares Rs. (Crore)
QIB (50%) 1443000 13.25
HNI (15%)   882900   3.97
RII  (35%) 2060100   9.27
Total Shares  5886000 26.49
Retail portion will be
oversubscribed by 
687
Forms
How much Shares to Apply in this IPO?
Min Retail Application 3000 Shares Rs.135000
Min HNI Application  6000 Shares Rs. 270000

Who are the Promoters of N R Vandana Tex Industries?

The promoters of the company are Narain Prasad Lohia, Prabhu Lohia and Gyanesh Lohia.

What are the Objects of N R Vandana Tex Industries IPO?

Funding working capital requirements
Prepayment/repayment of loan
General Corporate Purposes

Tentative timetable

IPO opens on 28 May 2025
IPO Closes on 30 May 2025
IPO Allotment on  2 June 2025
Refund Initiation  3 June 2025
Credit of Shares 3 June 2025
Listing on 4 June 2025
Registered Office of the Company
N R Vandana Tex Industries Limited
220, Mahatma Gandhi Road
Barabazar
Kolkatta 700 007
West Bengal.
The Lead Manager of this IPO
Marwari Chandarana Intermediaries Brokers Pvt. Ltd

Who is the Registrar to IPO?

Camae Corporate Services ltd

N R Vandana Tex Industries IPO GMP grey market premium, review, Subscription, allotment, listing estimate

N R Vandana Tex Industries Financials

Period Ended 31-Mar-25 31-Mar-24 31-Mar-23
Assets 0 183.55 167.96
Revenue 271.1 220.21 195.6
Profit After Tax 8.6 4.29 1.8
Net Worth 0 25.16 17.27
Reserves and Surplus 0 25.17 17.64
Total Borrowing 0 68.98 65.08
Amount in Rs. Crore

Performance Indicators

KPI Values
ROE 17.54%
ROCE 13.82%
Debt/Equity 2.43
RoNW 15.10%
PAT Margin 1.95
EPS  
PE Ratio  

 

How N R Vandana Tex Industries IPO compares with the Peers?
The company doesnot have any listed peers

Company Name P/E (x) RoNW (%) P/BV Ratio
       
       
       
       
       

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

N R Vandana Tex Industries IPO Review by Paresh Gordhandas, CA & Research Analyst.

Established in 1992 and headquartered in Kolkata, N R Vandana Tex Industries Limited has emerged as a prominent player in India’s textile sector. The company specializes in the design, manufacturing, and wholesale distribution of high-quality cotton textiles, including sarees, salwar suits, and bed sheets, marketed under its flagship brands, Vandana and Tanya.

With a legacy built over three generations, the company seamlessly blends traditional craftsmanship with contemporary manufacturing techniques to meet the evolving preferences of Indian consumers.

Operating on a strong B2B model, the company distributes its products through a vast network of 1,041 wholesalers spanning 31 states. Its manufacturing operations are anchored by a core facility covering over 39,000 sq. ft., supported by a strategic mix of in-house production and outsourced job-work guided by strict quality protocols.

Financial Snapshot & Operational Insight

Over the past three years, the company has demonstrated steady growth in both revenue and profitability, with no financial irregularities observed. However, a notable concern lies in its high levels of inventory and receivables, which stood at approximately 263 days as of March 31, 2024. This unusually long working capital cycle may indicate operational inefficiencies, intense market competition, or challenges in demand forecasting and collection cycles.

While the topline performance remains encouraging, the elevated inventory and receivables levels highlight the need for tighter working capital management to mitigate financial risk and enhance long-term sustainability.

+ from fundamental angle: May Apply

+ from grey market angle: So-so

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N R Vandana Tex Industries IPO