NR Vandana Textile is coming up with its IPO which will open for subscription on May 28, 2025, and will close on May 30, 2025. The allotment of shares is expected to be finalized on June 2, 2025, and the IPO is scheduled to get listed on the NSE SME platform on June 4, 2025.
This IPO is a book-built issue with a total size of ₹27.89 crore, and the entire issue consists of a fresh issue of 61.98 lakh equity shares. There is no offer for sale portion in this IPO. Each share carries a face value of ₹10.
The price band for the IPO is fixed between ₹42 to ₹45 per share. Investors can apply in lots of 3,000 shares, making the minimum investment for retail applicants ₹1,26,000. However, to increase the chances of allotment, it is advised to apply at the cutoff price, which brings the amount to approximately ₹1,35,000. For HNIs, the minimum investment is 2 lots (6,000 shares) costing ₹2,70,000.
The retail investor quota is set at 35%, while Qualified Institutional Buyers (QIBs) have 50%, and Non-Institutional Investors (HNIs) have 15% of the issue reserved.
NR Vandana Textile has shown solid financial growth in recent years. In FY 2025, the company reported a revenue of ₹271.10 crore, which is a significant jump from ₹220.21 crore in FY 2024. Similarly, the net profit increased to ₹8.60 crore in FY 2025 from ₹4.29 crore in FY 2024. Based on this consistent growth in revenue and profitability, experts suggest that this IPO could be a good opportunity for long-term investors.
N R Vandana Tex Industries Ltd, based in Kolkata and started in 1992, is a well-known name in the Indian textile market. The company mainly designs, manufactures, and supplies cotton-based products like printed and embroidered sarees, unstitched salwar suits, and bed sheets. Their products are sold under popular brand names Vandana and Tanya. With over 1,041 wholesalers in their network across 31 states, they follow a B2B business model and also use major online B2B platforms like Udaan, SOLV, Bijnis, Jozzby, and Ajio to reach more customers.
They operate from a 39,000 sq. ft. factory with three manufacturing units and four warehouses, and have a team of 191 workers (as of September 30, 2024). The company handles the full production process—starting from purchasing grey, bleached, or dyed fabrics to dyeing, embroidery, stitching, and packing. Some of the work is also outsourced on a job-work basis, where the company provides proper design, quality, and fabric details.
With over 1,500 products in their catalogue, strong supplier relations, and a well-connected distribution system, N R Vandana Tex stands strong in the textile industry. Their experience spans three generations, and their leadership team brings deep industry knowledge, helping the company grow steadily in the Indian market.
Overview of Contents
NR Vandana Textile IPO Overview
| IPO Detail | Information |
|---|---|
| Issue Size (Total Shares) | 61,98,000 shares (Approximately ₹27.89 Crores) |
| Type of Issue | Book Building Issue |
| Fresh Issue Shares | 61,98,000 shares (≈ ₹27.89 Crores) |
| Face Value Per Share | ₹10 |
| Price Band | ₹42 to ₹45 per equity share |
| Minimum Application Lot Size | 3,000 shares |
| Stock Exchange for Listing | NSE SME |
| Pre-IPO Shareholding | 1,70,96,809 shares |
| Post-IPO Shareholding | 2,32,94,809 shares |
| Market Maker Allocation | 3,12,000 shares |
| Quota Allocation | Retail: up to 35%, QIB: up to 50%, Non-Institutional Investors (NII): up to 15% |
NR Vandana Textile IPO Prospectus
| DRHP | Click here |
| RHP | RHP |
NR Vandana Textile IPO Dates
NR Vandana Textile IPO subscription starts on Tuesday, May 28, 2025, and ends on Thursday, May 30, 2025. The allotment will be finalized on Monday, June 2, 2025, with refunds and share credits expected on Tuesday, June 3, 2025. The IPO is set to list on NSE SME on Wednesday, June 4, 2025.
| Event | Date (Day) |
|---|---|
| IPO Open Date | May 28, 2025 (Tuesday) |
| IPO Close Date | May 30, 2025 (Thursday) |
| Allotment Finalization | June 2, 2025 (Monday) |
| Refunds & Demat Credit | June 3, 2025 (Tuesday) |
| Listing Date | June 4, 2025 (Wednesday) |
NR Vandana Textile IPO Lot Size
Investors must apply for a minimum of 3,000 shares, and bids should be in multiples of this lot size. The table below shows the minimum and maximum investment amounts for Retail and HNI investors in terms of shares and their corresponding values.
| Investor Type | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min & Max) | 1 | 3,000 | 1,35,000 |
| HNI (Min) | 2 | 6,000 | 2,70,000 |
NR Vandana Textile IPO Promotor Holding
The promoters of NR Vandana Textile are Narain Prasad Lohia, Prabhu Lohia, and Gyanesh Lohia. Before the IPO, they hold 100% of the shares. The shareholding pattern after the IPO will be updated accordingly.
| Promoter Holding | Percentage |
|---|---|
| Pre-Issue | 100.00% |
| Post-Issue | To be updated |
NR Vandana Textile IPO Review
- Sharekhan –
- Canara Bank –
- DRChoksey FinServ –
- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- SMC Global –
- Sushil Finance –
- Swastika Investmart –
- Ventura Securities –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
Objects of the Issue
- Funding working capital requirements of the Company.
- Prepayment/Repayment of Loan.
- General Corporate Purposes.
NR Vandana Textile IPO Financial Performance
N R Vandana Tex Industries Limited showed strong growth in the financial year ending March 31, 2025, with revenue rising by 23% to ₹271.10 crore and profit after tax doubling to ₹8.60 crore compared to the previous year. The company’s assets, net worth, and borrowings have also seen changes over the last three years.
| Financials (₹ Crore) | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 |
|---|---|---|---|
| Revenue | 271.10 | 220.21 | 195.60 |
| Profit After Tax (PAT) | 8.60 | 4.29 | 1.80 |
| Assets | 0.00 | 183.55 | 167.96 |
| Net Worth | 0.00 | 25.16 | 17.27 |
| Reserves & Surplus | 0.00 | 25.17 | 17.64 |
| Total Borrowings | 0.00 | 68.98 | 65.08 |
NR Vandana Textile IPO Valuation Overview – FY2024
For the financial year 2025, NR Vandana Textile shows strong financial performance with a Return on Equity (ROE) of 26.26% and a healthy EBITDA margin of 7.12%. The company’s basic Earnings Per Share (EPS) stands at ₹5.03, while the Net Asset Value (NAV) per share is ₹19.74. The debt-to-equity ratio is 2.01, indicating moderate leverage.
| Key Metrics | Values |
|---|---|
| Return on Equity (ROE) | 26.26% |
| Return on Net Worth (RoNW) | 25.46% |
| Return on Capital Employed (ROCE) | 18.08% |
| EBITDA Margin | 7.12% |
| PAT Margin | 3.17% |
| Debt to Equity Ratio | 2.01 |
| Earnings Per Share (EPS) | ₹5.03 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Net Asset Value (NAV) | ₹19.74 |
NR Vandana Textile IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
IPO Lead Managers aka Merchant Bankers
- Marwadi Chandarana Intermediaries Brokers Pvt. Ltd
Company Address
N R Vandana Tex Industries Limited
220, Mahatma Gandhi Road
Barabazar
Phone: +91 9331281999
Email: [email protected]
Website: https://www.vandanafashion.com/
NR Vandana Textile IPO FAQs
When does the NR Vandana Textile IPO open and close?
The IPO opens on May 28, 2025 (Tuesday) and closes on May 30, 2025 (Thursday).
What is the issue size of the NR Vandana Textile IPO?
The IPO size is approximately ₹27.89 crore, consisting entirely of a fresh issue of 61.98 lakh shares.
What is the price band of the NR Vandana Textile IPO?
The price band is set between ₹42 to ₹45 per share.
What is the minimum lot size and investment for retail investors?
The minimum lot size is 3,000 shares, requiring an investment of ₹1,26,000, but it is recommended to bid at the cutoff price, which amounts to ₹1,35,000.