NR Vandana Textile IPO

About Company

NR Vandana Textile IPO is a book-built issue worth ₹27.89 crore. The IPO consists entirely of a fresh issue of 61.98 lakh equity shares. The IPO opens for subscription on May 28, 2025, and closes on May 30, 2025. The allotment is expected to be finalised on June 2, 2025, with tentative listing on NSE SME scheduled for June 4, 2025.

The IPO is priced in a band of ₹42 – ₹45 per share. Retail investors must apply for a minimum of 1 lot comprising 3000 shares, requiring an investment of ₹1,35,000 at the cutoff price. HNI investors must apply for a minimum of 2 lots (6000 shares), amounting to ₹2,70,000.

Marwadi Chandarana Intermediaries Brokers Private Limited is the book-running lead manager to the issue, and Cameo Corporate Services Limited is the registrar.

For detailed information on company financials, business operations, and associated risks, investors are advised to refer to the NR Vandana Textile IPO DRHP.

Industry Outlook

1. India’s textile industry is one of the oldest and most diverse, with a strong base in both natural and synthetic fibres. It supports a wide range of products from hand-woven textiles to capital-intensive mills.
2. Schemes like TUFS, SITP, and MITRA are boosting private investment, employment, and infrastructure in the textile sector, enhancing competitiveness and capacity.
3. The demand for affordable, trendy ethnic wear is growing, especially in tier 2 and 3 cities, supported by the expansion of B2B e-commerce platforms and organised retail.
4. The industry faces hurdles such as raw material price volatility, environmental regulations, and regional concentration risks, particularly in states like Gujarat and West Bengal.

NR Vandana Textile IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

1. Establish a new manufacturing unit (Proposed Unit 4) in Surat, Gujarat, to enhance production capabilities for synthetic grey fabric using advanced machinery such as texturising, warping, and water jet looms.
2. Allocate funds to meet incremental working capital requirements, supporting operational scalability and smoother supply chain management.
3. Address strategic and operational needs including administrative expenses, brand building, and potential business development initiatives.
4. Leverage the IPO to improve visibility and brand image, and create a public market for the company’s equity shares, facilitating future growth opportunities.

About N R Vandana Tex Industries Limited

N R Vandana Tex Industries Limited was originally incorporated as NR Vandana Textile Private Limited on October 28, 2020, under the Companies Act, 2013. It was subsequently converted into a public limited company and renamed N R Vandana Tex Industries Limited on September 24, 2024.

The company is engaged in the manufacturing of unbleached synthetic grey fabric, a foundational material used in dyeing, printing, and finishing processes across industries such as fashion, home décor, and technical textiles. It also manufactures polyester textured yarn (PTY Yarn), derived from polyester oriented yarn (POY Yarn), which is a key raw material in its operations.

NR Vandana Textile operates three manufacturing units in Surat, Gujarat, and is in the process of establishing a fourth unit to expand its production capacity. The company’s operations are strategically located in the textile hub of South Gujarat, enabling efficient access to suppliers and customers.

With a focus on quality, scalability, and innovation, NR Vandana Textile aims to strengthen its position in the synthetic textile segment and cater to growing domestic and international demand.

How To Check the Allotment Status of the NR Vandana Textile IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for NR Vandana Textile IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the NR Vandana Textile IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of NR Vandana Textile IPO

Registered office: 220, Mahatma Gandhi Road, Barabazar, Kolkata – 700007, West Bengal, India.

Phone: +91 9331281999

E-mail:cs@vandanafashion.com

NR Vandana Textile IPO Reservation

NR Vandana Textile IPO Lot Size

NR Vandana Textile IPO Promoter Holding

The promoters of the company are Narain Prasad Lohia, Prabhu Lohia and Gyanesh Lohia.

Key Performance Indicators for NR Vandana Textile IPO

Here are the KPIs of NR Vandana Textile:

NR Vandana Textile IPO Prospectus

• NR Vandana Textile IPO DRHP

NR Vandana Textile IPO Registrar and Lead Managers

NR Vandana Textile IPO Lead Managers

• Marwadi Chandarana Intermediaries Brokers Private Limited

Registrar for NR Vandana Textile IPO

Cameo Corporate Services Limited

• Contact Number: 1+91-44-28460390
• Email Address: inestors@cameoindia.com

NR Vandana Textile IPO Registrar