IPO Details

Bidding Dates

28 May '25 - 30 May '25

Minimum Investment

₹1,35,000 / 1 Lot (3000 Shares)

Price Range

₹42 – ₹45

Maximum Investment

₹1,35,000 / 1 Lot (3000 Shares)

Retail Discount

To be announced

Issue Size

₹27.89 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

NR Vandana Textile IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

May 28, 25

IPO Closing Date

May 30, 25

Basis of Allotment

Jun 02, 25

Initiation of Refunds

Jun 03, 25

IPO Listing Date

Jun 04, 25

IPO Subscription Details

DateQIBNIIRetailTotal

Day 1May 27, 2025

 0.00 2.02 0.00 0.43

About NR Vandana Textile IPO

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 RHP.

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, 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

Investor Category

Shares Offered

Anchor Investor Shares Offered

-

Market Maker Shares Offered

3,12,000 (7.03%)

QIB Shares Offered

11,76,000 (26.50%)

NII (HNI) Shares Offered

8,85,000 (19.95%)

Retail Shares Offered

20,64,000 (46.52%)

Total Shares Offered

44,37,000 (100%)

NR Vandana Textile IPO Lot Size

Application

Lots

Shares

Amount

Retail (Min)

1

3000

₹1,35,000

Retail (Max)

1

3000

₹1,35,000

HNI (Min)

2

6000

₹2,70,000

NR Vandana Textile IPO Promoter Holding

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

Share Holding Pre-Issue

100.00%

Share Holding Post Issue

-

Key Performance Indicators for NR Vandana Textile IPO

Here are the KPIs of NR Vandana Textile:

KPI

Value

EBITDA Margin (%)

6.29

PAT Margin (%)

1.95

Return on Equity (%)

17.54

Return on Capital Employed (%)

13.82

NR Vandana Textile IPO Prospectus

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

NR Vandana Textile IPO Registrar

Financial Performance of N R Vandana Tex Industries Limited

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue Growth (%) 12.74 10.20 11.65
EBITDA Margin (%) 6.29 5.00 4.38
PAT Margin (%) 1.95 0.92 1.02
Return on Equity (RoE) (%) 17.54 9.16 11.32
Return on Capital Employed (RoCE) (%) 13.82 11.22 12.22
Net Debt / EBITDA 4.76 6.26 5.13
Net Debt / Equity (Gearing) 2.32 2.98 2.12

Know before investing

Strengths

8

  1. Strong in-house brands “Vandana” and “Tanaya” with growing market presence.

  2. Wide B2B distribution network with 1,041 wholesalers across 31 states and UTs.

  3. Scalable manufacturing with 3,000 sarees/day capacity and job work support.

  4. Consistent revenue growth from ₹17,717 lakhs in FY22 to ₹22,011 lakhs in FY24.

  5. Active presence on B2B e-commerce platforms like AJIO, Udaan, and Bijnis.

  6. In-house design team enabling fast, trend-aligned product development.

  7. IPO proceeds to boost working capital and reduce debt burden.

  8. Strategic location in Kolkata with access to skilled labour and textile ecosystem.

Risks

8

  1. Heavy reliance on sarees, contributing over 98% of revenue, limits product diversification.

  2. High dependence on job workers for manufacturing poses quality and continuity risks.

  3. Revenue concentration in West Bengal (over 75%) increases regional exposure.

  4. Significant working capital requirements and high inventory days strain liquidity.

  5. Exposure to raw material price volatility affects cost structure and margins.

  6. Past delays in statutory payments and corporate filings indicate compliance gaps.

  7. Competitive and fragmented textile market pressures pricing and margins.

  8. Limited experience of directors in managing listed companies may affect governance.

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NR Vandana Textile IPO FAQs

What is the NR Vandana Textile IPO?

NR Vandana Textile IPO is a book-built issue IPO. It will be open from May 28, 2025, to May 30, 2025. 

When will the NR Vandana Textile IPO be allotted?

The Basis of Allotment will happen on Monday, Jun 2, 2025.  

When will the NR Vandana Textile IPO open for subscription?

The IPO subscription window will open on May 28, 2025. 

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 3000 shares. 

When will N R Vandana Tex Industries Limited list on exchanges?

The listing date for N R Vandana Tex Industries Limited is Wednesday, Jun 4, 2025. 

What is the issue size of the NR Vandana Textile IPO?

The issue size of the NR Vandana Textile IPO is up to ₹27.89 crores, consisting of a fresh issue of 61.98 lakh shares. 

What are the open and close dates of the NR Vandana Textile IPO?

The open and close dates for NR Vandana Textile IPO are from May 28, 2025, to May 30, 2025. 

What would be the listing gains on the NR Vandana Textile IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.  

How to increase your chances of getting a NR Vandana Textile IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the NR Vandana Textile IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate. 

Can I submit more than one application for the public issue of N R Vandana Tex Industries Limited using one PAN?

You can submit only one application using your PAN card. 

How to read N R Vandana Tex Industries Limited's financial statements?

To read NR Vandana Textile ‘s financial statements, download the IPO’s RHP document. 

What is 'pre-apply' for N R Vandana Tex Industries Limited IPO?

Pre-apply allows investors to apply for the NR Vandana Textile IPO two days before the subscription period opens, ensuring an early submission of your application. 

If I pre-apply for the N R Vandana Tex Industries Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours. 

When will I know if my N R Vandana Tex Industries Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.  

Who is the registrar of NR Vandana Textile IPO?

Cameo Corporate Services Limited is the registrar responsible for managing the IPO allotment process and handling investor queries. 

Where is the NR Vandana Textile IPO getting listed?

N R Vandana Tex Industries Limited IPO is proposed to be listed on the SME platform of the National Stock Exchange (NSE).