Latest news with #NRVandanaTextile
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Business Standard
5 days ago
- Business
- Business Standard
NR Vandana Tex IPO listing: Stock lists at ₹45 on NSE, misses GMP estimates
NR Vandana Textile listing today: Shares of NR Vandana Textile made a muted stock market debut on the NSE SME platform on Wednesday, June 4, 2025. The company's stock listed at ₹45 per share, same as the issue price. The listing price of NR Vandana Textile was below grey market estimates. Ahead of the listing, unlisted shares of NR Vandana Textile were trading at ₹54 per share, commanding a grey market premium of ₹9 or 20 per cent in the grey market premium (GMP), according to sources tracking unofficial markets. NR Vandana Textile IPO details NR Vandana Textile IPO details NR Vandana Textile comprises an entirely fresh issue of 6.19 million equity shares aggregating up to ₹27.89 crore. NR Vandana Textile, offered at a price of ₹45 with a lot size of 3000 shares, received bids for 41,69,19,000 shares against the 61,98,000 shares offered, resulting in an oversubscription of 67.26 times by the end of the subscription period, showed the NSE data. NR Vandana Textile IPO was available for subscription from Wednesday, May 28, 2025, till Friday, May 30, 2025. The basis of allotment was finalised on Monday, June 2, 2025. About NR Vandana Textiles Incorporated in 1992, Kolkata-based NR Vandana Tex Industries specialises in 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. The company operates on a B2B model. It distributes its products through a network of 1,041 wholesalers across 31 Indian states. It also leverages a B2B e-commerce platform for broader reach.
Mint
5 days ago
- Business
- Mint
NR Vandana Textile shares decline 5% after flat stock market debut on NSE SME
NR Vandana Textile IPO listing: Shares of NR Vandana Textile were off to a tepid start on the Indian stock market on Wednesday, June 4, listing at par to their initial offering price. NR Vandana Textile share price debuted at ₹ 45, offering no gains or losses to investors at listing. However, the stock soon came under selling pressure after listing, hitting the 5% lower price band of ₹ 42.75 apiece. The listing, however, was lower than what the market anticipated. According to market sources, the grey market premium (GMP) of NR Vandana Textile's IPO stood at ₹ 9 ahead of the listing. At this level, the listing of NR Vanadana Textile shares was expected to be around ₹ 54 per share, a gain of nearly 20%. However, the stock opened flat. NR Vandana Textile IPO was open for bidding from May 28 to May 30. The SME IPO, worth ₹ 27.89 crore, was entirely a fresh issue of 61.98 lakh shares. NR Vandana Textile IPO price band was set at ₹ 45 per share. The minimum lot size for an application was 3,000, requiring a minimum investment by a retail investor of ₹ 1,26,000.
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)
Economic Times
5 days ago
- Business
- Economic Times
NR Vandana Textile shares to list today. Here's what GMP indicates
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. Synopsis NR Vandana Textile is set to debut on the NSE SME platform today after a successful Rs 9.49 crore IPO that was oversubscribed 101 times. The IPO price was fixed at Rs 45 per share, with grey market premiums suggesting a listing price of around Rs 54, potentially offering investors a 20% gain. 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. ADVERTISEMENT 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 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 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. ADVERTISEMENT 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) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
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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.
