Latest news with #Tanaya
&w=3840&q=100)
Business Standard
5 days ago
- 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.
Business Standard
6 days ago
- Business
- Business Standard
NSE SME IPO of N R Vandana Tex Industries subscribed 1.37 times
The offer received bids for 60.63 lakh shares as against 44.37 lakh shares on offer. The initial public offer (IPO) of Neptune Petrochemicals received bids for 60,63,000 shares as against 44,37,000 shares on offer, as per NSE data as of 17:00 hours on Wednesday (28 May 2025). The issue was subscribed 1.37 times. The issue opened for bidding on Wednesday (28 May 2025) and it will close on Friday (30 May 2025). The price band of the IPO is fixed between Rs 42 to Rs 45 per share. The minimum order quantity is 3,000 equity shares. The equity shares will list on NSEs SME platform. The IPO comprises fresh issue of 61,98,000 equity shares. About 3,12,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 58,86,000 equity shares including anchor allocation portion. 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 Neptune Petrochemicals on Tuesday, 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. Neptune Petrochemicals is engaged in the design, manufacturing, and wholesale of cotton textile products, including a variety of high-quality cotton sarees, salwar suits, and bed sheets. Its products are recognized in the textile industry under the brand names Vandana and Tanaya. The company operates a B2B business model, focusing on selling products through a network of 1,397 wholesalers as of 31 March 2025, spread across 31 states and union territories in India, as well as through a 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.
Asahi Shimbun
10-05-2025
- Science
- Asahi Shimbun
Corals bounce back quicker on artificial structures
Corals growing on artificial breakwaters (Provided by the Port and Airport Research Institute) Artificial structures like concrete breakwaters to protect shorelines seem to offer a quicker fix than natural reefs for corals devastated by bleaching events, say Japanese researchers studying how climate change affects the sea floor. Bleaching refers to the whitening of corals due to rising seawater temperatures. Severe or frequent bleaching events can kill the underwater ecosystems. It turns out that corals tend to recover more quickly on artificial structures. Typically when scientists study the phenomenon, they spend up to 10 years collecting field data. For the latest study involving the Port and Airport Research Institute (PARI) and other entities, researchers in Okinawa Prefecture relied on 29 years of field data along three breakwaters, as well as in surrounding natural reefs in Naha Port. The data in question covered the period from fiscal 1989 through fiscal 2018. A large-scale bleaching event occurred in the surrounding waters in 1998. Corals in natural reefs were found to have covered only 5.2 percent of the seabed in 2001, and 5.6 percent in 2004. But when breakwaters were examined, corals were found to have recovered more rapidly, from 8.8 percent in 2001 to 25.4 percent in 2004. Moreover, the cover rate remained high in subsequent years. DIFFERENT CORAL COMPOSITIONS The corals did not have the same taxonomic composition on the breakwaters that they had in the natural reefs. Corals of the genus Acropora, which are more likely to inhabit sites exposed to pounding waves, accounted for a large part of the rapid post-bleaching recovery on the wave-dissipating blocks, whereas relatively slow-growing corals, including those of the genus Porites and the family Faviidae varieties, increased gradually in proportion in the natural reefs. The researchers also found that coral recovery was accelerated by grooves on the surface of the artificial structures. They discovered that corals were more abundant in shallow waters where the sunlight on moderately sloped substrate was strong. When part of a breakwater was modified into zones that met those conditions, the area covered by coral increased by about 40 percent. PRECIOUS LONG-TERM DATA The study relied on data gathered by the Okinawa General Bureau, a government body that supervises Okinawa's promotion and development that discovered coral-covered breakwaters in the 1980s and subsequently began making observations in surrounding areas. Past studies around the world have looked at using artificial structures as substrate for corals, but the research periods never lasted longer than 10 years, and none covered such a long span as the latest one, said Toko Tanaya, a PARI senior researcher who was on the team. But why coral regeneration occurred faster on the artificial structures is a subject for future studies, Tanaya said. However, she said it seems likely that artificial breakwaters, given their sturdiness and location in areas exposed to pounding waves, attract fast-growing coral varieties, such as species of the genus Acropora. 'Of course, the best thing would be to make sure that natural coral reefs survive,' seeing as different ecosystems can result from restoration in natural reefs and on artificial structures, Tanaya said. 'Climate change has made bleaching so frequent in recent years that corals no longer have enough time to recover before the next bleaching event occurs,' she added. INFRASTRUCTURE NOT INTENDED FOR CORALS When bleaching occurs, algae and other creatures may attach themselves to the dead coral with the result that the limestone skeletons collapse and pile up like rubble. When that happens, the skeletons are too wobbly and unstable for new larvae to stick to and survive, Tanaya said. However, breakwaters and similar coastal erosion defenses are not put in place for the sake of corals, she noted. Still, a few modest improvements made while they are being built or repaired 'could help ensure the availability of shallow-depth zones that are suitable for the growth of corals,' Tanaya added. The research results were published online in the journal Scientific Reports (
