
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
Overall Subscription
101.00x
Total Demand
QIB Multiplier
36.54x
Institutions & Funds
NII / HNI
422.18x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,176,000 | 42,975,000 | 36.54x |
| NIB | 885,000 | 373,632,000 | 422.18x |
| Total | 2,061,000 | 416,607,000 | 101.00x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 30 | 0.00x |
| NIB | — | 33,736 | 0.00x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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 (GMP) for N R Vandana Tex Industries Limited IPO is ₹9 per equity share. Based on the upper price band of ₹42 to ₹45 per equity share, the estimated listing price is ₹54 (+20.0% expected listing gain).
With a lot size of 3000 shares and current GMP of ₹9, the expected profit per application lot is approx ₹27,000 (+20.0% gain). Minimum application cost is approx ₹1,35,000.
The N R Vandana Tex Industries Limited IPO aggregate issue size is ₹27.89 Crores with an equity price band set at ₹42 to ₹45 per equity share. The retail lot size is 3000 shares requiring a minimum capital outlay of approx. ₹1,35,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 101.00x (Retail: 0.00x, QIB: 36.54x, NII: 422.18x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Cameo Corporate Services Limited) and the BSE status verification website on or around 2025-06-02. Investors can verify status using PAN card or application number.
N R Vandana Tex Industries Limited shares are scheduled to list on NSE on 2025-06-04.