
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
Last updated: 12 Nov 2025
Current Premium
Issue Price (Upper)
₹45
Band: ₹42 – ₹45
Estimated Listing Price
₹54
Upper price + GMP
Lot Size
3000 shares
Min investment ₹1,35,000
Estimated Profit / Lot
₹27,000
3000 × ₹9
Grey Market Premium trend
+₹9
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹9 | 20.0% | ₹54 |
| 30 Oct 2026 | +₹9 | 20.0% | ₹54 |
| 29 Oct 2026 | +₹8 | 18.0% | ₹53 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
The latest grey market premium for N R Vandana Tex Industries Limited IPO is ₹9, which indicates an expected listing price of ₹54.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.