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NR Vandana Textile IPO
Price Band
₹42.0–45.0
Issue Size
₹27.89 Cr
Lot Size
3,000 shares
Min Investment
₹270,000
2 LOTS MIN
GMP
+₹9.0 (20.0%)
Issue Price
₹45.0
Subject to Sauda
₹20500
Paid only if allotted
NR Vandana Textile IPO AI Summary
- NR Vandana Textile IPO is listed on NSE SME in the Garments & Apparels sector.
- Price band: ₹42.0–₹45.0 per share, lot size 3,000 shares (min. investment ₹270,000, 2 lots minimum).
- Subscription window: 28 May–30 May 2025, listing on 04 Jun 2025.
- Current GMP is +₹9.0 (20.0%), an estimated listing price of ₹54 — unofficial and can change daily.
NR Vandana Textile is a well-established player in the textile industry with a strong distribution network and a growing financial profile. The company's upcoming IPO offers investors a chance to participate in its growth, but potential investors should carefully consider their investment strategy and risk tolerance.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
NR Vandana Textile IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 30 May 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
NR Vandana Textile IPO Grey Market Premium (GMP) Today
GMP
+₹9.0
GMP %
+20.0%
Est. Listing
₹54.0
Updated: 25 Jul 2026 14:15
About the Company
Incorporated in 1992, N R Vandana Tex Industries Limited is a Kolkata-based company specializing in the 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. Operating on a B2B model, the company distributes its products through a network of 1,041 wholesalers across 31 Indian states and leverages a B2B e-commerce platform for broader reach. Certain manufacturing processes are outsourced on a job-work basis, with the company providing detailed technical specifications such as designs, patterns, quality standards, and fabric types. Key Highlights Three generations of experience in the textile business Three manufacturing units and four warehouses 39,000 sq. ft. factory facility Competitive Strengths Extensive wholesaler network enabling wide market penetration Robust pan-India distribution network Product availability on major B2B platforms: SOLV, Udaan, Bijnis, Jozzby, and Ajio Strong supplier relationships ensure cost-effective procurement and operational efficiency Long-standing partnerships with job workers Experienced leadership team with a proven track record in the industry
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 202.94 | 183.55 | 167.96 |
| Total Income | 271.10 | 220.21 | 195.60 |
| Profit After Tax | 8.60 | 4.29 | 1.80 |
| EBITDA | 19.28 | 13.86 | 9.77 |
| NET Worth | 33.75 | 25.16 | 17.27 |
| Reserves and Surplus | 19.93 | 25.17 | 17.64 |
| Total Borrowing | 69.02 | 68.98 | 65.08 |
Key Ratios
EPS
₹5.03
NAV
₹95.71
ROE
17.54%
ROCE
13.82%
RoNW
15.10%
P/B Value
0.47
P/E Ratio
8.95
Market Cap
₹104.83 Cr
PAT Margin
1.95%
Debt/Equity
2.43
Promoters
Narain Prasad Lohia, Prabhu Lohia and Gyanesh Lohia
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding working capital requirements of the Company 16.28 2 Prepayment/Repayment of Loan. 5.00 3 General Corporate Purposes 2.11 4 Issue expenses 4.50 Total 27.89
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income grew from ₹195.60 Cr in the period ending 31 Mar 2023 to ₹220.21 Cr by 31 Mar 2024, and further increased to ₹271.10 Cr by 31 Mar 2025. This indicates a consistent upward trend in revenue over the periods analyzed.
Profit Trend
Profit After Tax (PAT) rose from ₹1.80 Cr in the period ending 31 Mar 2023 to ₹4.29 Cr by 31 Mar 2024, and reached ₹8.60 Cr by 31 Mar 2025. This shows a significant increase in profitability over the analyzed periods.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. A positive GMP suggests that the stock may list at a premium to its issue price, while a negative GMP indicates the opposite. GMP can fluctuate based on market sentiment and demand for the stock.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It is essential to consider the company's financial health and market position before making a decision.
Who May Want to Wait
Investors with a low-risk appetite or those who prefer stable investments may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on 28 May 2025 and closes on 30 May 2025. Allotment of shares will be done on 2 June 2025, and the listing of shares is expected on 4 June 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when the stock lists at a higher price than the issue price. However, there are risks involved, as market conditions can change rapidly, and the stock may not perform as expected on its listing day.
This evaluation is generated from NR Vandana Textile's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is NR Vandana Textile IPO GMP today?
NR Vandana Textile IPO GMP today is +₹9.0 (20.0%), indicating an estimated listing price of ₹54. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of NR Vandana Textile IPO?
The price band of NR Vandana Textile IPO is ₹42.0–₹45.0 per share.
When does NR Vandana Textile IPO open and close?
NR Vandana Textile IPO opens on 28 May 2025 and closes on 30 May 2025.
When does NR Vandana Textile IPO list on the stock exchange?
NR Vandana Textile IPO listed on 04 June 2025 at ₹54.0.
What is the lot size for NR Vandana Textile IPO?
The lot size for NR Vandana Textile IPO is 3000 shares, requiring a minimum investment of ₹270,000 (2 lots).
What is the lot size for the NR Vandana Textile IPO?
The lot size for the NR Vandana Textile IPO is 3000 shares.
What is the minimum investment required for this IPO?
The minimum investment required for this IPO is ₹2,70,000.
What is the price band for the NR Vandana Textile IPO?
The price band for the NR Vandana Textile IPO is ₹42.0 to ₹45.0.
When is the listing date for the NR Vandana Textile IPO?
The listing date for the NR Vandana Textile IPO is 4 June 2025.
What does GMP mean in the context of an IPO?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
28 May 2025
Close
30 May 2025
Allotment
02 Jun 2025
Listing
04 Jun 2025
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