N R Vandana Tex Industries Limited
Bookbuilding IPO · NSE
- Price band
- ₹42 - ₹45
- Lot size
- 3,000 shares
- Issue amount
- ₹27.89 cr
- Total subscription
- 101×
- Opens
- 28 May 2025
- Closes
- 30 May 2025
- Allotment
- 2 Jun 2025
- Listing
- 4 Jun 2025
Offer at a glance
Issue overview
- Issue size
- 61,98,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,26,000
- Fresh issue
- ₹27.89 cr
- Offer for sale
- ₹0 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,35,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,70,96,809
- Shares after issue
- 2,32,94,809
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| INDIVIDUAL | 2 | 6,000 | ₹2,70,000 |
| sHNI | 3 | 9,000 | ₹4,05,000 |
| bHNI | 8 | 24,000 | ₹10,80,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 30 |
| NIB | — | 33,736 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 5.29 | 193.39 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 2.34 | 2.56 | 1.18 |
| ROE | 14.71 | 17.54 | 9.16 |
| ROCE | 8.63 | 13.82 | 11.22 |
| RONW | 13.7 | 17.07 | 10.42 |
| PRE IPO(PE) | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 1992, N R Vandana Tex Industries Limited is based in Kolkata and focuses on designing, manufacturing, and distributing cotton textile products like sarees, salwar suits, and bed sheets. These products are sold under the brand names Vandana and Tanya. The company operates on a business-to-business model, working with a network of 1,041 wholesalers across 31 states in India. It also uses a B2B e-commerce platform to expand its reach. While some of the manufacturing work is outsourced, the company provides clear guidelines, including designs, patterns, fabric types, and quality standards, to ensure consistent product quality.
Strengths
- Wide Distribution: Strong network of wholesalers and presence on digital B2B platforms
- Easy to Scale: Uses both in-house production and outsourcing to grow efficiently
- Trusted Brand: Well-known name in the cotton textile industry
Risk factors
- High Dependence on Sarees: Business is mostly focused on sarees, so any change in customer taste can affect sales.
- Relies on Outsourced Work: If job workers face issues, it could slow down production and operations.
- Sensitive to Credit Rating: If the company’s credit rating drops, it may have to pay more interest on loans and face financial challenges.
Promoters
Narain Prasad Lohia
Prabhu Lohia
Gyanesh Lohia
Registrar & documents
Lead manager
Marwadi Chandarana Intermediaries Brokers Private Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
220, Mahatma Gandhi Road Barabazar
+91 9331281999
[email protected]Company website ↗Understanding NRVANDANA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.