N R Vandana Tex Industries Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,937,000 (47%) | — | ₹1,322 Cr |
| NII (HNI) | — | 885,000 (14%) | — | ₹398 Cr |
| Retail | — | 2,064,000 (33%) | — | ₹929 Cr |
| Market Maker | — | 312,000 (5%) | — | ₹14 Cr |
| Σ Total | — | 6,198,000 (100%) | — | ₹27,891 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹135,000 |
| Retail (Max) | 13 | 39,000 | ₹1,755,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,890,000 |
| B-HNI (Min) | 67 | 201,000 | ₹9,045,000 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 271 | 220 | 196 |
| EBITDA | 19 | 14 | 10 |
| Profit After Tax | 9 | 4 | 2 |
| Net Worth | 34 | 25 | 17 |
| Total Assets | 203 | 184 | 168 |
| Reserves & Surplus | 20 | 25 | 18 |
| Total Borrowing | 69 | 69 | 65 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding working capital requirements of the Company – 16.28
- Prepayment/Repayment of Loan – 5.00
- General Corporate Purposes. –
Company Overview
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 with a proven track record in the industry