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Time of India
5 days ago
- Business
- Time of India
NR Vandana Textile shares to list today. Here's what GMP indicates
NR Vandana Textile is all set to make its stock market debut on the NSE SME platform today. The company's Rs 9.49 crore IPO, which was open for subscription from May 28 to May 30, has attracted healthy investor attention. With the issue price fixed at Rs 45 per share, the grey market sentiment suggests a strong start on listing day. As per market sources, the last recorded grey market premium (GMP) for NR Vandana Textile stood at Rs 9. This places the estimated listing price at around Rs 54 per share, reflecting a likely gain of 20% over the issue price. Although the GMP is not an official indicator, it provides a sense of investor sentiment ahead of listing and indicates the potential upside based on informal market demand. The IPO, which was entirely a fresh issue of 61.98 lakh equity shares, aimed to raise capital to fund working capital requirements and for general corporate purposes. Marwadi Chandarana Intermediaries served as the lead manager, and Cameo Corporate Services was the registrar for the offering. The issue received an overwhelming response, with an overall subscription of 101 times. The qualified institutional buyer (QIB) portion was subscribed 36.54 times, the non-institutional investor (NII or HNI) portion witnessed a robust 126.70 times demand, while the retail portion also saw heavy bidding. Live Events Founded in 1992, N R Vandana Tex Industries Limited is a Kolkata-based textile company engaged in the design, production, and wholesale distribution of cotton-based products such as sarees, salwar suits, and bed sheets. These products are sold under the in-house brands Vandana and Tanya. The company follows a business-to-business (B2B) model, supplying its goods to over 1,000 wholesalers across 31 states in India. It also uses a B2B e-commerce platform to extend its market presence. While some manufacturing is done in-house, a portion is outsourced to job workers, with the company providing clear technical guidelines including designs, fabric types, and quality specifications. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
28-05-2025
- Business
- Time of India
NR Vandana Tex Industries IPO opens. Here's what you need to know before subscribing
The IPO is being managed by Marwadi Chandarana Intermediaries, and Cameo Corporate Services is the registrar to the issue. The allotment is expected to be finalized by June 2, and shares are likely to be listed on the NSE SME platform by June 4. NR Vandana Tex Industries will launch its IPO on May 28, aiming to raise Rs 27.89 crore through a fresh issue of shares priced between Rs 42 and Rs 45. The Kolkata-based textile company, known for its Vandana and Tanya brands, will use the funds for working capital, debt repayment, and general corporate purposes. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The initial public offering (IPO) of NR Vandana Tex Industries will open for subscription today, May 28, and will remain open until May 30. The company aims to raise Rs 27.89 crore through a fresh issue of 61.98 lakh shares. The price band has been fixed between Rs 42 and Rs 45 per looking to apply must bid for a minimum of one lot, which includes 3,000 shares. At the upper end of the price band, this requires an investment of Rs 1,35,000. High net-worth individuals need to apply for at least two lots or 6,000 shares, amounting to Rs 2,70, Vandana Tex Industries is a textile company based in Kolkata that designs, manufactures, and sells cotton sarees, salwar suits, and bed sheets under the brand names Vandana and Tanya. The company uses a business-to-business model and sells its products through a network of over 1,000 wholesalers spread across 31 states in India. It also operates through various B2B platforms like Udaan and company plans to use the money raised from the IPO to meet its working capital needs, repay some loans, and for general corporate Vandana has shown strong financial performance in recent years. Revenue rose 23 percent to Rs 271 crore in FY25, and profit more than doubled to Rs 8.6 crore. The company has a return on equity of 17.5 percent and a debt-to-equity ratio of IPO is being managed by Marwadi Chandarana Intermediaries, and Cameo Corporate Services is the registrar to the issue. The allotment is expected to be finalized by June 2, and shares are likely to be listed on the NSE SME platform by June 4.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Economic Times
28-05-2025
- Business
- Economic Times
NR Vandana Tex Industries IPO opens. Here's what you need to know before subscribing
The IPO is being managed by Marwadi Chandarana Intermediaries, and Cameo Corporate Services is the registrar to the issue. The allotment is expected to be finalized by June 2, and shares are likely to be listed on the NSE SME platform by June 4. NR Vandana Tex Industries will launch its IPO on May 28, aiming to raise Rs 27.89 crore through a fresh issue of shares priced between Rs 42 and Rs 45. The Kolkata-based textile company, known for its Vandana and Tanya brands, will use the funds for working capital, debt repayment, and general corporate purposes. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The initial public offering (IPO) of NR Vandana Tex Industries will open for subscription today, May 28, and will remain open until May 30. The company aims to raise Rs 27.89 crore through a fresh issue of 61.98 lakh shares. The price band has been fixed between Rs 42 and Rs 45 per looking to apply must bid for a minimum of one lot, which includes 3,000 shares. At the upper end of the price band, this requires an investment of Rs 1,35,000. High net-worth individuals need to apply for at least two lots or 6,000 shares, amounting to Rs 2,70, Vandana Tex Industries is a textile company based in Kolkata that designs, manufactures, and sells cotton sarees, salwar suits, and bed sheets under the brand names Vandana and Tanya. The company uses a business-to-business model and sells its products through a network of over 1,000 wholesalers spread across 31 states in India. It also operates through various B2B platforms like Udaan and company plans to use the money raised from the IPO to meet its working capital needs, repay some loans, and for general corporate Vandana has shown strong financial performance in recent years. Revenue rose 23 percent to Rs 271 crore in FY25, and profit more than doubled to Rs 8.6 crore. The company has a return on equity of 17.5 percent and a debt-to-equity ratio of IPO is being managed by Marwadi Chandarana Intermediaries, and Cameo Corporate Services is the registrar to the issue. The allotment is expected to be finalized by June 2, and shares are likely to be listed on the NSE SME platform by June 4.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
