Latest news with #NRVandanaTexIndustries
Business Standard
2 days ago
- Business
- Business Standard
NSE SME N R Vandana Tex Industries' debut lacks shine
Shares of N R Vandana Tex Industries were trading at Rs 44.20 on the NSE, a discount of 1.78% compared with the issue price of Rs 45. The scrip was listed at Rs 45, matching the initial public offer (IPO) price. The counter hit a high of Rs 46 and a low of Rs 42.75. About 20.73 lakh shares of the company changed hands at the counter. N R Vandana Tex Industries' IPO was subscribed 93.96 times. The issue opened for bidding on 28 May 2025 and it closed on 30 May 2025. The price band of the IPO was set at Rs 42 to Rs 45 per share. The company intends to utilize the net proceeds for funding working capital requirements, prepayment or repayment of loans, and general corporate purposes. Ahead of the N R Vandana Tex Industries on 27 May 2025, raised Rs 7.92 crore from anchor investors. The board has allotted 17.61 lakh shares at Rs 45 per share to 6 anchor investors. N R Vandana Tex Industries is engaged into designing, manufacturing and wholesale business of cotton textile products including a variety of high-quality cotton sarees, salwar suits and bed sheets. Our products are recognised in textile industry under our own brand name "Vandana" and "Tanaya". The company operates into B2B business model, focusing on selling its products through a network of 1397 wholesalers as of 31 March 2025 spread across 31 states and union territories in India and through a channel of B2B e-commerce platform. As of 30 April 2025, the company had 86 employees and 34 persons working as contract labour. The company recorded revenue from operations of Rs 270.80 crore and net profit of Rs 8.60 crore for the period ended 31 March 2025.
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Business Standard
30-05-2025
- Business
- Business Standard
NR Vandana Textile IPO ends today; subscription rises 16x, GMP up 31%
NR Vandana Textile IPO GMP today: The unlisted shares of NR Vandana Tex Industries (NR Vandana Textile), whose initial public offering (IPO) is set to close for subscription today, commanded a strong premium on Friday, May 30, 2025. Sources tracking unofficial market activities revealed that NR Vandana Textile shares were trading at ₹59 apiece, reflecting a grey market premium (GMP) of ₹14 or 31.11 per cent against the upper end of the IPO price band of ₹45. NR Vandana Textile IPO subscription status NR Vandana Textile IPO has so far received a strong response from investors, being subscribed around 15.79 times as of 12:10 PM on Friday, May 30, according to NSE data. NR Vandana Textile IPO details The ₹27.89-crore SME offering, which comprises an entirely fresh issue of 6.2 million equity shares, is available at a price band of ₹42–45 per share, with a lot size of 3,000 shares. Notably, NR Vandana Textile IPO does not have any offer for sale (OFS) component. As the subscription window closes today, the basis of allotment is likely to be finalised on Monday, June 2, 2025. Successful allottees will receive the company's shares in their demat accounts on Tuesday, June 3, 2025. NR Vandana Textile shares are expected to list on the NSE SME platform on Wednesday, June 4, 2025. Cameo Corporate Services is the registrar for the NR Vandana Textile IPO, while Marwadi Chandarana Intermediaries is the sole book-running lead manager of the public issue. NR Vandana Textile IPO objective According to the Red Herring Prospectus (RHP) filed by the company, NR Vandana Textile will utilise the net proceeds from the IPO for funding working capital requirements, prepayment/repayment of loans, as well as for general corporate purposes. About NR Vandana Tex Industries NR Vandana Tex Industries is engaged in the designing, manufacturing, and wholesale business of cotton textile products, including a variety of high-quality cotton sarees, salwar suits, and bed sheets. The company's products are recognised in the textile industry under its own brand names 'Vandana' and 'Tanaya'. The company has been awarded 'Best Debutant – Apparels' by Ajio Business Partnership Meet – 2022, according to the RHP. NR Vandana Tex Industries operates under a B2B business model, focusing on selling its products through a network of 1,397 wholesalers as of March 31, 2025, spread across 31 states and union territories in India, and through a channel of B2B e-commerce platforms.
Time of India
29-05-2025
- Business
- Time of India
NR Vandana Tex Industries IPO subscribed 4.88 times on Day 2. Check GMP, other details
NR Vandana Tex Industries' SME IPO was subscribed 4.88 times by day two, drawing strong interest from NIIs and QIBs. The ₹27.89 crore issue closes on May 30. No grey market premium was noted. Listing is set for June 4. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Grey Market Premium (GMP) of NR Vandana Tex Industries NR Vandana Tex Industries overview NR Vandana Tex Industries financial performance NR Vandana Tex Industries IPO key dates and issue management The SME IPO (initial public offering) of NR Vandana Tex Industries received an impressive response on its second day of the offer. The issue attracted a healthy response in all categories, with a total subscription of 4.88 non-institutional investor (NII) segment had received bids for 1.88 crore shares through 1,286 applications, while the qualified institutional buyers (QIBs) had placed bids for 28.20 lakh shares via 5 IPO will remain open for subscription until May company aims to raise Rs 27.89 crore through a fresh issue of 61.98 lakh equity shares, with the price band set between Rs 42 and Rs 45 per investors are required to apply for a minimum of one lot, consisting of 3,000 shares—amounting to Rs 1,35,000 at the upper price band. High net-worth individuals (HNIs) must bid for at least two lots (6,000 shares), translating to Rs 2,70, of its debut on the exchanges, NR Vandana Tex Industries' shares were not commanding any grey market premium (GMP) in the unlisted in Kolkata, NR Vandana Tex Industries is a textile firm engaged in designing, manufacturing, and selling cotton sarees, salwar suits, and bed sheets under its proprietary brands—Vandana and Tanya. Operating through a B2B model, the company distributes its products via a network of over 1,000 wholesalers across 31 states in India, and also leverages platforms such as Udaan and Ajio for broader IPO proceeds will be used to support working capital requirements, repay certain borrowings, and meet general corporate Vandana has demonstrated solid financial growth in recent years. For FY25, the company reported a 23% rise in revenue to Rs 271 crore and a net profit of Rs 8.6 crore—more than double the previous year. It posted a return on equity (RoE) of 17.5% and maintained a debt-to-equity ratio of allotment is expected to be finalized by June 2, with listing scheduled on the NSE SME platform by June 4. Marwadi Chandarana Intermediaries is managing the IPO, while Cameo Corporate Services serves as the read: Scoda Tubes IPO subscribed 5.5 times on Day 2, GMP rises to 13%. Check details (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
29-05-2025
- Business
- Economic Times
NR Vandana Tex Industries IPO subscribed 4.88 times on Day 2. Check GMP, other details
Live Events Grey Market Premium (GMP) of NR Vandana Tex Industries NR Vandana Tex Industries overview NR Vandana Tex Industries financial performance NR Vandana Tex Industries IPO key dates and issue management (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The SME IPO (initial public offering) of NR Vandana Tex Industries received an impressive response on its second day of the offer. The issue attracted a healthy response in all categories, with a total subscription of 4.88 non-institutional investor (NII) segment had received bids for 1.88 crore shares through 1,286 applications, while the qualified institutional buyers (QIBs) had placed bids for 28.20 lakh shares via 5 IPO will remain open for subscription until May company aims to raise Rs 27.89 crore through a fresh issue of 61.98 lakh equity shares, with the price band set between Rs 42 and Rs 45 per investors are required to apply for a minimum of one lot, consisting of 3,000 shares—amounting to Rs 1,35,000 at the upper price band. High net-worth individuals (HNIs) must bid for at least two lots (6,000 shares), translating to Rs 2,70, of its debut on the exchanges, NR Vandana Tex Industries' shares were not commanding any grey market premium (GMP) in the unlisted in Kolkata, NR Vandana Tex Industries is a textile firm engaged in designing, manufacturing, and selling cotton sarees, salwar suits, and bed sheets under its proprietary brands—Vandana and Tanya. Operating through a B2B model, the company distributes its products via a network of over 1,000 wholesalers across 31 states in India, and also leverages platforms such as Udaan and Ajio for broader IPO proceeds will be used to support working capital requirements, repay certain borrowings, and meet general corporate Vandana has demonstrated solid financial growth in recent years. For FY25, the company reported a 23% rise in revenue to Rs 271 crore and a net profit of Rs 8.6 crore—more than double the previous year. It posted a return on equity (RoE) of 17.5% and maintained a debt-to-equity ratio of allotment is expected to be finalized by June 2, with listing scheduled on the NSE SME platform by June 4. Marwadi Chandarana Intermediaries is managing the IPO, while Cameo Corporate Services serves as the read: Scoda Tubes IPO subscribed 5.5 times on Day 2, GMP rises to 13%. Check details (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
28-05-2025
- Business
- Time of India
NR Vandana Tex Industries IPO subscribed 72% on Day 1 so far. Check details about GMP, key dates
Live Events NR Vandana Tex Industries GMP About NR Vandana Tex Industries NR Vandana Tex Industries financial performance NR Vandana Tex Industries key dates (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The initial public offering (IPO) of NR Vandana Tex Industries opened for subscription earlier today and has seen a strong response from the investor, being subscribed by 72% so far on the first day of the issue 1:25 pm, the issue attracted bids for 4.93 lakh shares from the non-institutional investors (NIIs) via 87 bids, while the qualified institutional buyers (QIBs) were yet to make any issue will remain open for public participation until May company plans to raise Rs 27.89 crore through a fresh issue of 61.98 lakh equity shares, with the price band set between Rs 42 and Rs 45 per investors must apply for a minimum of one lot comprising 3,000 shares, which translates to an investment of Rs 1,35,000 at the upper end of the price range. High net-worth individuals are required to bid for at least two lots, or 6,000 shares, amounting to Rs 2,70, of its listing the shares of NR Vandana Tex Industries had no grey market premium (GMP) in the unlisted 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 delivered robust financial performance in recent years. In FY25, the company's revenue increased by 23% to Rs 271 crore, while net profit more than doubled to Rs 8.6 crore. It reported a healthy return on equity of 17.5% and maintained a debt-to-equity ratio of allotment is expected to be finalized by June 2, and shares are likely to be listed on the NSE SME platform by June 4. The IPO is being managed by Marwadi Chandarana Intermediaries, and Cameo Corporate Services is the registrar to the issue.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
