N R Vandana Tex Industries IPO Allotment Status: Check Latest GMP, Steps to Verify Status
The basis of allotment for N R Vandana Tex Industries IPO will be out today, 2 June 2025. The bidding window was opened from May 28, 2025, to May 30, 2025, during the IPO received 20,73,09,000 bids against 44,37,000 shares offered/reserved.
The SME IPO is scheduled to list on June 4, 2025, on NSE SME.
Procedure to Check N R Vandana Tex Industries IPO Allotment Status Online On NSE
- Visit the NSE’s IPO allotment verification status page here
- Select “Equity & SME IPO bid details”
- In Select Symbol, select “NRVANDANA”
- Enter
- PAN No.
- Application No.
- Click “Submit.”
Procedure to Check N R Vandana Tex Industries IPO Allotment Status on Cameo Corporate Services Ltd (Registrar to the issue)
- Visit the IPO allotment verification status page here.
- Click on any of the links.
- Under, Please select company, select “N R Vandana Tex Industries Limited.”
- Enter any of the following details.
- PAN
- App. No.
- DP/Client ID
- Enter the Captcha and click “Submit.”
IPO Details
N R Vandana Tex Industries IPO is a book-building issue of ₹27.89 crores, consisting entirely of a fresh issue of 61.98 lakh shares. The price band is set at ₹45 per share. Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is the book-running lead manager, while Cameo Corporate Services Ltd. is the registrar for the issue.
Use of Proceeds
The net proceeds from the fresh issue are intended to fund the following objectives:
- Working capital requirements
- Repayment/prepayment of borrowings
- General corporate needs
N R Vandana Tex Industries IPO - Overall Subscription Status
(May 30, 2025, end of the day)
|
Category |
Subscription (times) |
|
Qualified Institutional Investors (QIBs) |
36.53 |
|
Non-Institutional Investors |
126.78 |
|
Total |
93.96 |
N R Vandana Tex Industries IPO GMP Details
As of 2 June 2025, N R Vandana Tex Industries IPO GMP stood at ₹14. The expected listing gain price is ₹59, i.e., a 31.11% gain per share over the upper price band.
|
Source: Business Standard Report dated 2 June, 2025 |
N R Vandana Tex Industries Business Overview
N R Vandana Tex Industries is engaged in the manufacturing, designing, and wholesale distribution of cotton textile products, including sarees, salwar suits, and bed sheets. The company operates under a B2B (business-to-business) model and sells products through a network of 1397 wholesalers and a B2B e-commerce platform.
NR Vandana has also been awarded “Best Debutant – Apparels” by Ajio Business Partnership Meet – 2022.
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