N R Vandana Tex Industries IPO

N R Vandana Tex Industries Ltd

₹1,26,000 /3000 sharesMinimum Investment

N R Vandana Tex Industries IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹45.00₹45.00₹0.00 (0.00%)

N R Vandana Tex Industries IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
28 May ‘25 - 30 May ‘25₹1,26,0003,000₹42 - ₹45
Issue SizeIPO Doc
27.89Cr
RHP PDF

Subscription rate

As of 30 May'25, 05:00 PM
Qualified Institutional Buyers36.54x
Non-Institutional Investor422.53x
Retail Individual Investor0.00x
Total93.96x

About N R Vandana Tex Industries

N R Vandana Tex Industries is engaged in the designing, manufacturing, and wholesale of cotton textile products. The company produces a variety of cotton sarees, unstitched salwar suits, and bedsheets, and operates under its in-house brands ‘Vandana’ and ‘Tanaya’. It follows a business-to-business (B2B) business model and distributes its products through a network of 1,041 wholesalers across 31 states and Union territories in India, as well as through a B2B e-commerce platform. The manufacturing process includes cutting, dyeing, embroidery, sewing, embellishments, finishing, inspection, and packing. Some production is also outsourced to job workers based on company specifications for design, fabric, and quality.;
Founded in
1992
Managing director
Mr Prabhu Lohia
Parent organisation
N R Vandana Tex Industries Ltd

Strengths & Financials of N R Vandana Tex Industries

Strengths
Risks
As of February 28, 2025, N R Vandana Tex Industries claims to have a dedicated sales and marketing team of 20 members who actively engage with a wide network of wholesalers across India. The company claims to leverage personal interactions and local market connections to expand its reach and build long-term relationships, often aided by word-of-mouth referrals from existing clients.
The company claims to have built a pan-India distribution network with 1,041 wholesalers as of September 30, 2024. This network has grown steadily from 826 wholesalers in FY22 and supports nationwide coverage.
N R Vandana Tex Industries claims to distribute its products through multiple B2B e-commerce platforms, including SOLV, Udaan, Bijnis, Jozzby, and Ajio.
N R Vandana Tex Industries claims to offer a diversified product portfolio in the women’s apparel and home furnishing segments, with over 1,500 stock-keeping units (SKUs).
The company claims to have developed long-standing relationships with weavers and suppliers across various clusters. The company believes these relationships enable it to secure favourable pricing, exclusive designs, and flexible payment terms, contributing to an efficient procurement cycle and enabling competitive product pricing.
N R Vandana Tex Industries has been assigned a credit rating of CRISIL BB/Stable on its long-term borrowings.
The company has witnessed a consistent increase in revenue from operations. It increased from Rs 177.17 crore in FY22 to Rs 195.24 crore in FY23 and Rs 220.11 crore in FY24.

N R Vandana Tex Industries Financials

*All values are in Rs. Cr
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Application Details of N R Vandana Tex Industries IPO

Apply asPrice bandApply upto
Regular42 - 45₹2 Lakh
High Networth Individual42 - 45₹2 - 5 Lakh
For N R Vandana Tex Industries IPO, eligible investors can apply as Regular.