
✓
Open
28 May 2025
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Close
30 May 2025
3
Allotment
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Listing
Wed, Jun 4, 2025
Price Band
₹42 to ₹45
Issue Size
61,98,000 shares (agg. up to ₹28 Cr)
Lot Size
3,000 Shares
Listing Date
Wed, Jun 4, 2025
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 70.81x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 202.94 | 183.55 | 167.96 |
| Total Income | 271.10 | 220.21 | 195.60 |
| Profit After Tax | 8.60 | 4.29 | 1.80 |
| EBITDA | 19.28 | 13.86 | 9.77 |
| NET Worth | 33.75 | 25.16 | 17.27 |
| Reserves and Surplus | 19.93 | 25.17 | 17.64 |
| Total Borrowing | 69.02 | 68.98 | 65.08 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Davin Sons Retail Ltd. | SME | ₹8.78 Cr | ₹55 | 12.29 | ₹46.20 | -16.00% | ₹34.95 (+5.94%) |
| Purple United Sales Ltd. | SME | ₹32.81 Cr | ₹126 | 18.33 | ₹208.95 | +65.83% | ₹409.40 (+1.83%) |
| SD Retail Ltd. | SME | ₹64.98 Cr | ₹131 | 23.73 | ₹150.90 | +15.19% | ₹90.00 (+0.00%) |
| Forcas Studio Ltd. | SME | ₹37.44 Cr | ₹80 | 90.09 | ₹144.40 | +80.50% | ₹141.80 (+4.30%) |
| Kizi Apparels Ltd. | SME | ₹5.58 Cr | ₹21 | 15.01 | ₹24.30 | +15.71% | ₹19.27 (-3.36%) |
| Saraswati Saree Depot Ltd. | Mainboard | ₹160.01 Cr | ₹160 | 17.94 | ₹203.70 | +27.31% | ₹53.62 (-0.70%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 16.28 |
| 2 | Prepayment/Repayment of Loan. | 5.00 |
| 3 | General Corporate Purposes | 2.11 |
| 4 | Issue expenses | 4.50 |
| Total | 27.89 |
About N R Vandana Tex Industries IPO
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 w
Contact Details
N R Vandana Tex Industries Ltd. Address220, Mahatma Gandhi RoadBarabazarKolkata, West Bengal, 700007+91 9331281999cs@vandanafashion.comVisit Website