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Nandan Terry IPO

A part of Chiripal Group, Nandan Terry has filled its initial documents with SEBI to raise Rs.255 crore through Initial Public Offering. However, the company has decided to raise Rs.40 crore through a pre-IPO placement. If this is undertaken, the value of the IPO will be reduced.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

Nandan Terry Pvt Ltd IPO Important Dates

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

View all upcoming IPOs

About Nandan Terry Pvt Ltd

Nandan Terry mainly deals with a vast range of production, contract manufacturing, trade, distribution and service-related operations for textiles, education, packaging, infrastructure and petrochemical industries.

Established in 2005, that brand has developed into a totally vertically integrated company specialising in making terry towels and toweling products. They make the purchase of cotton bales from domestic and foreign markets to convert them to cotton yarn for making all the toweling items.

The company makes a huge variety of towels for a wide range of domestic and international brands. They have established their global presence by increasing their sales to nations like the US, Canada, Israel, Germany, Hong Kong, UK and Australia.

Nandan Terry Pvt Ltd IPO Objectives

- The money will be used in repayment of debts taken for different corporate purposes.
- A part of the fund will be utilised for general corporate purposes.

Why should you invest in the Nandan Terry Pvt Ltd IPO?

  • The company has an amazing global presence in about 18 countries and a chunk of the revenue is generated from the international market.
  • The company’s total income for the years 2019, 2020, and 2021 was – Rs. 322.43 crores, Rs. 429.69 crores, and Rs. 538.94 crores.

Financial Highlights

Name of the company Total Revenue (in Rs. crores) Basic EPS NAV Rs. per share PE RoNW %
Nandan Terry Limited 538.94 5.11 25.56 NA 19.99%
Welspun India Ltd 7,407.95 5.37 37.26 26.13 14.71%
Trident Limited 4,546.70 0.61 6.53 80.98 9.15%
Himatsingka Seide Limited 2,272.53 -5.42 133.58 NA -4.06%

How to apply for Nandan Terry IPO?

Retail investors need to apply for the IPO using UPI.

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Nandan Terry IPO and approve the payment on your UPI ID.

Demat Account

Nandan Terry Pvt Ltd Noteworthy Highlights:

  • The company has appointed reliable regulate service at each unit to have a thorough check of each product on the ingredients at numerous places.
  • The company has been using advanced technology and machinery from leading International vendors and distributors. Nandan Terry has 102 looms in their plant of which 24 are Jacquard Looms & 78 from Dobby Looms.

The Brand’s Pros & Cons:

Pros Cons
The company has strong technological capabilities with having the latest technology and machinery. There is a possibility of the firm getting a higher tax rate, which could hamper their business in the long run.
Nandan Terry has strategically made their manufacturing facilities in locations that are well connected by rails, road and air. One of the company’s listed group CIL NOVA Petrochemical Limited was banned by SEBI from accessing the capital market due to the violation of Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003.
The company has a fully equipped quality control facility. The brand has contingent liabilities that may affect the financial condition of the business.

Competitive Analysis: Market Peers

Particulars (in Rs. Crores) FY21 FY20 FY19
Revenue 538.52 429.39 322.17
EBITDA 86.83 61.84 50.55
PAT 23.38 1.22 -0.50
EPS (basic in Rs.) 5.11 0.27 -0.11
ROE 19.99% 1.32% -0.54%

Nandan Terry IPO FAQs

What is Nandan Terry ' Initial Public Offering?

Nandan Terry has filled its initial documents with SEBI to raise Rs.255 crore through Initial Public Offering.

When will allotments for the Nandan Terry IPO become available?

Nandan Terry IPO will finalize the allotment by <>.

What will the IPO lot size for Nandan Terry be?

Each Nandan Terry IPO lot has <> shares.

When will Nandan Terry IPO be available to buy?

The IPO of Nandan Terry will be open for subscription from <>.

What is Nandan Terry’s smallest lot size available to retail investors?

The minimum market lot size for the Nandan Terry IPO is <> shares.

Which exchanges will Nandan Terry list on?

Nandan Terry shares will be listed on both BSE as well as the National Stock Exchange (NSE).

What is the IPO size of Nandan Terry?

The IPO size of Nandan Terry is Rs <> crore.

How to check the allotment status of Nandan Terry IPO on the Angelone App?

The easiest ways to check your IPO allotment status on the Angelone app are below:
Step 1
Login & Look for Investment Opportunities via Angelone App.
Step 2
Choose IPOs & FPOs.
Step 3
Click Order Book.

How will I get my Nandan Terry stock?

Following allotment, the Nandan Terry shares will be credited to the Demat account.

Can I use one PAN to submit multiple applications for the public issue of Nandan Terry?

No, you cannot use the same PAN to make multiple applications for this Nandan Terry IPO or any other public offering.

Is it necessary to give immediate approval to a UPI mandate request?

Yes, immediately approving a UPI mandate request is preferable. Accepting it as soon as you receive it is much better.

Who is the CEO of Nandan Terry?

Ronak Chiripal is the CEO of Nandan Terry.

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