
Emerging SME Services · NSE
Founded in 1992, N R Vandana Tex Industries Limited is based in Kolkata and focuses on designing, manufacturing, and distributing cotton textile products like sarees, salwar suits, and bed sheets. These products are sold under the brand names Vandana and Tanya. The company operates on a business-to-business model, working with a network of 1,041 wholesalers across 31 states in India. It also uses a B2B e-commerce platform to expand its reach. While some of the manufacturing work is outsourced, the company provides clear guidelines, including designs, patterns, fabric types, and quality standards, to ensure consistent product quality.
Price Band
₹42 – ₹45
Issue Size
₹27.89 Cr
Lot Size
3000 shares
GMP
+20.0%
Est. Listing
₹54
at current GMP
Subscribed
101.00x
overall
Open
28 May 2025
Close
30 May 2025
Allotment
2 Jun 2025
Refund
3 Jun 2025
Demat Credit
4 Jun 2025
Listing
4 Jun 2025
Designated Registrar: Cameo Corporate Services Limited
Allotment Date
2 Jun 2025
Basis finalization
Refunds Initiate
3 Jun 2025
Mandate release
Demat Credit
4 Jun 2025
Shares in demat
Listing Debut
4 Jun 2025
Trading begins
N R Vandana Tex Industries Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹27.89 Crores. The shares are offered at a price band of ₹42 to ₹45 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 3000 shares (approx. ₹1,35,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-06-04, while un-allotted funds or UPI block mandates will be released on 2025-06-03.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.