Issue Price
₹45
Per Share
GMP
NIL
Grey Market
Est. Listing
₹45
Expected Price
Min. Application
₹270,000
2 lots × 3000 shares
Incorporated in 1992, N R Vandana Tex Industries Limited is a Kolkata-based company specializing in the design, manufacturing, and wholesale distribution of cotton textile products, including sarees, salwar suits, and bed sheets. The company markets its products under the brand names Vandana and Tanya.Operating on a B2B model, the company distributes its products through a network of 1,041 wholesalers across 31 Indian states and leverages a B2B e-commerce platform for broader reach. Certain manufacturing processes are outsourced on a job-work basis, with the company providing detailed technical specifications such as designs, patterns, quality standards, and fabric types.Key HighlightsThree generations of experience in the textile businessThree manufacturing units and four warehouses39,000 sq. ft. factory facilityCompetitive StrengthsExtensive wholesaler network enabling wide market penetrationRobust pan-India distribution networkProduct availability on major B2B platforms: SOLV, Udaan, Bijnis, Jozzby, and AjioStrong supplier relationships ensure cost-effective procurement and operational efficiencyLong-standing partnerships with job workersExperienced leadership team with a proven track record in the industry
N R Vandana Tex Industries Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 312,000 | — | ₹1.40 Cr | — |
| TOTAL | 6,198,000 | 100.00% | ₹27.89 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹135,000 |
| Retail (Max) | 13 | 39,000 | ₹1,755,000 |
| sNII (Min) | 14 | 42,000 | ₹1,890,000 |
| bNII (Min) | 68 | 204,000 | ₹9,180,000 |
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue from Operations | 271.10 | 220.21 | 195.60 |
| EBITDA | 19.28 | 13.86 | 9.77 |
| Profit After Tax (PAT) | 8.60 | 4.29 | 1.80 |
| Net Worth | 33.75 | 25.16 | 17.27 |
| Total Assets | 202.94 | 183.55 | 167.96 |
| Reserves & Surplus | 19.93 | 25.17 | 17.64 |
| Total Borrowings | 69.02 | 68.98 | 65.08 |