Allotment

N R Vandana Tex Industries Limited launched a book-built IPO aggregating ₹27.89 crore, comprising entirely a fresh issue of 0.62 crore equity shares.
The IPO was open for subscription from May 28, 2025, to May 30, 2025, with allotment finalized on June 2, 2025. The shares were subsequently listed on NSE SME on June 4, 2025.
The IPO price band was set at ₹45 per share, with a lot size of 3,000 shares.
Retail Investors: Minimum application of 6,000 shares, amounting to ₹2,52,000.
High Net-Worth Individuals (HNI): Minimum application of 3 lots (9,000 shares), amounting to ₹4,05,000.
Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. served as the Book Running Lead Manager, and Cameo Corporate Services Ltd. acted as the registrar. Alacrity Securities Ltd. was appointed as the market maker for the IPO.
₹450%
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Updates On
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IPO Market price
| IPO Date | 4 Jun |
| IPO Listing Date | 4 Jun |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹45.00 |
| IPO Issue Size | 61,98,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | NSE SME Platform |
| hare Holding Pre Issue | 1,70,96,809 shares |
| IPO Open Date | 28 May |
| IPO Close Date | 30 May |
| IPO Allotment (Tentative) | 2 Jun |
| Refunds | 3 Jun |
| Credit to Demat Account | 3 Jun |
| IPO Listing Date | 4 Jun |
| Category | Offer |
|---|---|
| QIB Shares Offered | 29,37,000 Shares |
| NII (HNI) Shares Offered | 8,85,000 Shares |
| Retail Shares Offered | 20,64,000 Shares |
Investors can apply for a minimum of 6,000 shares, and bids can be made in multiples of 3,000 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 6,000 | ₹2,70,000 |
| Retail (Max) | 2 | 6,000 | ₹2,70,000 |
| S-HNI (Min) | 3 | 9,000 | ₹4,05,000 |
| S-HNI (Max) | 7 | 21,000 | ₹9,45,000 |
| B-HNI (Min) | 8 | 24,000 | ₹10,80,000 |
Incorporated in 1992, N R Vandana Tex Industries Limited is a Kolkata-based company specializing in the design, manufacturing, and wholesale distribution of cotton textile products, including sarees, salwar suits, and bed sheets. The company markets its products under the brands “Vandana” and “Tanya.”
Operating on a B2B model, the company distributes its products through a network of 1,041 wholesalers across 31 Indian states. It also leverages a B2B e-commerce platform to expand its reach. Certain manufacturing processes are outsourced on a job-work basis, with the company providing detailed designs, patterns, quality standards, and fabric specifications to ensure consistent product quality.
Key Highlights
Over three generations of experience in the textile business
Three manufacturing units and four warehouses
Total factory space of 39,000 sq. ft.
Competitive Strengths
Extensive wholesaler network, enabling wide market penetration
Robust pan-India distribution network
Product availability on major B2B platforms, including SOLV, Udaan, Bijnis, Jozzby, and Ajio
Strong supplier relationships ensuring cost-effective procurement and operational efficiency
Long-standing partnerships with job workers for seamless production support
Experienced leadership team with a proven track record in the textile industry
| Assets | 202.94 | 183.55 | 167.96 |
| Total Income | 271.1 | 220.21 | 195.6 |
| Profit After Tax | 8.6 | 4.29 | 1.8 |
| EBITDA | 19.28 | 13.86 | 9.77 |
| NET Worth | 33.75 | 25.16 | 17.27 |
| Reserves and Surplus | 19.93 | 25.17 | 17.64 |
| Total Borrowing | 69.02 | 68.98 | 65.08 |
| ROE | 17.54% |
| ROCE | 13.82% |
| Debt/Equity | 2.43 |
| RoNW | 15.10% |
| PAT Margin | 1.95% |
| EBITDA Margin | 6.29% |
| Price to Book Value | 0.47 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 16.28 |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
N R Vandana Tex Industries Ltd. Address
220, Mahatma Gandhi Road
Barabazar
Kolkata, West Bengal, 700007
+91 9331281999
cs@vandanafashion.com
https://www.vandanafashion.com/
Cameo Corporate Services Ltd.
+91-44-28460390
inestors@cameoindia.com
https://ipo.cameoindia.com/