Close Menu
PNN DigitalPNN Digital
    Facebook X (Twitter) Instagram
    PNN DigitalPNN Digital
    • Business
    • National
    • Entertainment
    • Lifestyle
    • Education
    • Press Release
    • Submit Your PR
    PNN DigitalPNN Digital
    Home - Business - NR Vandana Tex’s Rs. 27.89 crore IPO to open on Wednesday
    Business

    NR Vandana Tex’s Rs. 27.89 crore IPO to open on Wednesday

    PNN Online DeskBy PNN Online DeskMay 27, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Kolkata (West Bengal) [India], May 27:  The Rs. 27.89 crore Initial Public Offering (IPO) of NR Vandana Tex Industries Limited, a leading designer, manufacturer and wholesaler of cotton textile products, is set to open on Wednesday, May 28, and will close on Friday, May 30.

    The company has fixed a price band of Rs. 42 to Rs. 45 per share. The IPO is a completely fresh issue of 61,98,000 shares and will raise Rs. 27.89 crore at the upper end of the price band. The company has reserved 29,37,000 shares for Qualified Institutional Bidders (QIBs), 11,97,000 shares for Non-Institutional Bidders (NIBs), and 20,64,000 shares for retail applicants.

    The lot size is 3,000 shares. For retail investors, both the minimum and maximum application size is 6,000 shares (two lots), amounting to Rs. 2,70,000. For High-Net-worth Individuals (HNIs), the minimum application size is 9,000 shares, with a minimum application amount of ₹4,05,000.

    NR Vandana Tex Industries aims to utilise the net proceeds from the issue to meet working capital requirements (Rs. 16.28 crore), repayment of certain loans (Rs. 5 crore), and the rest for general corporate purposes.

    The shares are expected to list on the NSE SME Emerge platform on June 4. The lead manager of the issue is Marwadi Chandarana Intermediaries Brokers, while Cameo Corporate Services is the registrar. Alacrity Securities is the market maker.

    NR Vandana Tex Industries specialises in the design, manufacture and wholesale of premium cotton textile products, including cotton sarees, salwar suits, and bed sheets. Its operations cover all stages of production, including cutting, dyeing, embroidery, sewing, embellishment, finishing, inspection, and packing. The company also outsources a portion of its production to 229 job workers, providing them with specific technical instructions to ensure consistency in quality.

    The company markets its products under the “Vandana” and “Tanaya” brands and operates under the B2B model. As of March 2025, it served a network of 1,397 wholesalers across 31 states and union territories and also leveraged a B2B e-commerce platform. It actively engages with potential clients through direct visits and leverages strong local market connections to expand its reach.

    As of March 31, 2025, NR Vandana Tex Industries offered a portfolio of over 1,500 SKUs, catering to various market segments and price ranges. Regionally, its revenue distribution stands at 88.10% from the East, 7.34% from the West, 2.46% from the South, and 2.10% from the North. The company employed 86 full-time staff and 34 contractual workers as of April 2025.

    If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    PNN Online Desk
    • Website

    Related Posts

    Lenskart or Tata Capital: Which is Going to Be the Next Big IPO in India?

    August 29, 2025

    The Role of SEBI in Protecting Investors Through RIAs

    August 29, 2025

    Navv Brings Raw Punjabi Energy With New Single ‘Address’

    August 29, 2025
    Add A Comment

    Comments are closed.

    Recent Posts
    • Harjinder Singh Kukreja and Harkirat Kaur Kukreja Team Up with Disneyland Paris to Inspire Global Adventures
    • Lenskart or Tata Capital: Which is Going to Be the Next Big IPO in India?
    • The Role of SEBI in Protecting Investors Through RIAs
    • Thrillophilia Elevates Rajdeep Mandrekar to Chief Technology Officer, Powering Its AI-First Travel Vision
    • Chartered Accountant turned Singer-Songwriter Ayush Gupta releases heartfelt new single ‘Kaash’

    Harjinder Singh Kukreja and Harkirat Kaur Kukreja Team Up with Disneyland Paris to Inspire Global Adventures

    August 29, 2025

    Lenskart or Tata Capital: Which is Going to Be the Next Big IPO in India?

    August 29, 2025

    The Role of SEBI in Protecting Investors Through RIAs

    August 29, 2025

    Thrillophilia Elevates Rajdeep Mandrekar to Chief Technology Officer, Powering Its AI-First Travel Vision

    August 29, 2025

    Chartered Accountant turned Singer-Songwriter Ayush Gupta releases heartfelt new single ‘Kaash’

    August 29, 2025

    Navv Brings Raw Punjabi Energy With New Single ‘Address’

    August 29, 2025
    PNN Digital
    2025 © pnn.digital

    Type above and press Enter to search. Press Esc to cancel.