NR Vandana Textile SME: Check IPO Date, Live Subscription and Key Details
N R Vandana Tex Industries Limited, established in 1992 and based in Kolkata, designs, produces, and wholesales cotton textile products like sarees, salwar suits, and bed sheets under the brands Vandana and Tanya. Operating on a B2B model, it sells through a network of 1,041 wholesalers across 31 Indian states and uses a B2B e-commerce platform to expand its reach. Some manufacturing is outsourced with detailed specifications provided by the company.
Price Range
₹42.00-45.00
Issue Size
₹27.89 Cr
Lot Size
3,000 shares
IPO Type
NSE SME
GMP
₹14(+31.11%)
Est. Listing Price
₹59
Estimate Profit
₹84,000
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
-
P/E Ratio
-
RoNW
15.1%
ROE
17.54%
Debt to Equity
2.43
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Timeline
IPO Opens
28 May
IPO Closes
30 May
Allotment
2 Jun
Listing
4 Jun
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 28 May 2025 | Subscription starts |
| IPO Close Date | 30 May 2025 | Subscription ends |
| Allotment Date | 2 June 2025 | Allotment |
| Listing Date | 4 June 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,70,000 |
SHNI (Min) | 3 | ₹4,05,000 |
SHNI (Max) | 7 | ₹9,45,000 |
BHNIAbove ₹10,00,000 | 8 | ₹10,80,000 |
IPO Objectives
- Funding working capital requirements of the Company.
- Prepayment/Repayment of Loan.
- General corporate purposes.
Strengths
- Extensive wholesaler network enabling deep market penetration across 31 Indian states.
- Strong presence on B2B platforms such as Udaan, SOLV, Bijnis, and Ajio, broadening market reach.
- Established supplier relationships that support cost efficiency and timely production cycles.
- Experienced leadership team with decades of expertise in the textile industry ensures stable business direction.
Weaknesses
- High revenue dependence on women’s sarees makes the business vulnerable to fashion trend fluctuations.
- Limited creative diversity due to a small two-member design team, increasing operational risk.
- Geographic revenue concentration in West Bengal raises exposure to regional disruptions.
- Narrow product portfolio limits diversification, making the company susceptible to category-specific market shifts.
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Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 0 | 183.55 | 167.96 |
| Revenue (₹ Cr.) | 271.1 | 220.21 | 195.6 |
| PAT (₹ Cr.) | 8.6 | 4.29 | 1.8 |
| Net Worth (₹ Cr.) | 0 | 25.16 | 17.27 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 2.4x | 36.54x |
| NII | 6.85x | 6.34x | 126.7x |
| RII | 0x | -x | -x |
| Total | 1.47x | 5.22x | 101x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 11,76,000 | 4,29,75,000 | 193.39 |
| NII | 29,49,000 | 37,36,32,000 | 1,681.34 |
| Total | 41,25,000 | 41,66,07,000 | 1,874.73 |
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Company Details
- N R Vandana Tex Industries
- 220, Mahatma Gandhi Road, Barabazar, Kolkata, West Bengal – 700007
- +91 9331281999
- cs@vandanafashion.com
- https://www.vandanafashion.com/
Registrar Details
- Cameo Corporate Services Limited
- +91-44-28460390
- inestors@cameoindia.com
- https://ipo.cameoindia.com/
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