IPO - Initial Public Offerings

 NRVANDANA

  

N R VANDANA TEX INDUSTRIES LIMITED

28 May, 10:00 AM

Issue Open

30 May, 05:00 PM

Issue Close

3000

Lot Size

₹ 42.00 – ₹ 45.00

Price Range

IPO Issue Details

Issue size 27.89 Cr
Market Price 45.00
Registrar Cameo Corporate Services Limited
Face Value RS.10 /- Per share
Listing at NSE

About

N R VANDANA TEX INDUSTRIES LIMITED
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 brand names Vandana and Tanya. Operating on a B2B model, the company distributes its products through a network of 1,041 wholesalers across 31 Indian states and leverages a B2B e-commerce platform for broader reach. Certain manufacturing processes are outsourced on a job-work basis, with the company providing detailed technical specifications such as designs, patterns, quality standards, and fabric types. Key Highlights Three generations of experience in the textile business Three manufacturing units and four warehouses 39,000 sq. ft. factory facility Competitive Strengths Extensive wholesaler network enabling wide market penetration Robust pan-India distribution network Product availability on major B2B platforms: SOLV, Udaan, Bijnis, Jozzby, and Ajio Strong supplier relationships ensure cost-effective procurement and operational efficiency Long-standing partnerships with job workers Experienced leadership team with a proven track record in the industry

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 3000 ₹ 1,35,000.00
S-HNI  (2 Lakh to 10 Lakh) 2 6000 ₹ 2,70,000.00
S-HNI  (2 Lakh to 10 Lakh) 7 21000 ₹ 9,45,000.00
B-HNI  (Above 10 Lakh) 8 24000 ₹ 10,80,000.00

IPO TimeLine

Open Date 28-May-2025
Close Date 30-May-2025
Basis of Allotment Date 31-May-2025
Initiation of Refunds 01-Jun-2025
Credit Shares to Demat A/c 01-Jun-2025
IPO Listing Date 04-Jun-2025