NR Vandana Textile IPO: Price, Overview, And GMP

NR Vandana Textile IPO- Complete Overview

NR Vandana Textile IPO under the SME IPO category is a book build issue of Rs. 27.89 Cr from N R Vandana Tex Industries Ltd. It was founded in 1992. It is a Kolkata-based company that is engaged in the design, manufacturing, and wholesale trade of cotton textile products (sarees, salwar suits, and bedspreads, etc) in finished form 

The company does its selling through the Tanya and Vandana brand names.

As a B2B company, it exports its products to around 1,041 wholesalers in 31 Indian States using a network and also uses a B2B e-Commerce platform for broader reach.

 

Highlights

1. Three Generations in the Textile Industry.

2. 3 manufacturing units and 4 warehouses.

3. 39,000 sq. ft. factory.
   
   

NR Vandana Textile IPO Overview

The N R Vandana Tex Industries Ltd IPO will be available from May 28, 2025, to May 30, 2025. 

The Rs. 27.89 Cr new SME IPO comprises a wholly fresh issue of 61.98 lac Shares. 

The upcoming IPO date of allotment is on Jun 02. The NR Vandana Textile IPO price is Rs. 42 to Rs. 45 for each Share. 

The Vandana Textile IPO listing date is Jun 04, 2025 (expected) and listing at the NSE and SME.

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Company Financial

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	-	183.55	167.96
Total Revenue	271.10	220.21	195.60
PAT	8.60	4.29	1.80
Net Worth	-	25.16	17.27
Reserves & Surplus	-	25.17	17.64
Borrowings	-	68.98	65.08

 

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	365.50	(50.25)	(1,281.97)
Net Cash Flow Investing Activities	19.71	(1.08)	(150.39)
Net Cash Flow Financing Activities	306.55	(40.09)	1,716.39

 

Revenue Bifurcation

Channel-wise Revenue Bifurcation

 

Product-wise Revenue Bifurcation

(Amount in lacs)

 

The Objective of the Issue

• Meeting the needs for working capital.

• To pay or repay the loan.

• General corporate purposes.

 

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Peers of NR Vandana Textile Ltd.

No listed peers of the company are mentioned in the RHP of the company.

 

Evaluation

NR Vandana Textile IPO price is Rs. 42 to Rs. 45 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2025 with an EPS of Rs. 2.56 from the last year, the resulting P/E ratio is 17.57x.

Considering the weighted EPS of Rs. 1.87 for the last three years, the P/E ratio is 24.06x.

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IPO's Strengths

• Wide network of wholesalers for rapid market penetration.

• Robust pan-India distribution network.

• The items are offered on the following major B2B platforms: SOLV, Udaan, Bijnis, Jozzby, and Ajio.

• Cost benefit: top supplier relationships to get great deals with the supplier lead to procurement at the minimum cost and operational efficiency.

• Long tenure with job workers' partnerships.

 

 

IPO’s Weaknesses

• The sale of women’s sarees supported the main business of the company. A small change in demand or a move of consumer preference away from sarees can put both revenue and profitability under major strain.

• The bulk of the purchases and sales with the company are derived from a few suppliers/customers places willing to upset these relationships could disrupt the operations of the firm.

• The company has taken a loan from its promoters' and directors' money, which could be recalled at a later date. This increases the need for financing when called upon during periods of market volatility.

 

NR Vandana Textile IPO GMP

NR Vandana Textile IPO GMP is Rs. 0 as of 27 May 2025, while writing this information. The NR Vandana Textile IPO listing price is Rs. 45 (estimated).

IPO Timetable (Tentative)

The NR Vandana IPO date of application is starting from May 28 to May 30, 2025, allotment on Jun 02, refund initiation on Jun 03, and listing on Jun 04, 2025.

Events	Date
IPO Opening Date	May 28, 2025
IPO Closing Date	May 30, 2025
IPO Allotment Date	Jun 02, 2025
Refund Initiation	Jun 03, 2025
IPO Listing Date	Jun 04, 2025

 

NR Vandana Textile IPO Details 

The IPO with a Face Value of Rs. 10 per share offers a total issue size of 61,98,000 Shares (Rs. 27.89 Cr).

IPO Opening & Closing date	28 May, 2025 to 30 May, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 42 to Rs. 45 per Share.
Lot Size	3000 Shares
Issue Size	61,98,000 Shares (Rs. 27.89 Cr)
Offer for Sale	-
Fresh Issue	61,98,000 Shares (Rs. 27.89 Cr)
Listing at	NSE, SME
Issue Type	Book Building Issue
Registrar	Cameo Corporate Services Limited

IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (3000 Shares) amounting to Rs. 1,35,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (6000 Shares) amounting to Rs. 2,70,000.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	1 Lot
HNI (Min)	2 Lots

 

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IPO Reservation (% of Net Issue)

Institutional’s Portion	50%
Retail’s Portion	35%
Non-Institutional’s Portion	15%

 

 

Promoters And Management of NR Vandana Textile Ltd.

• Narain Prasad Lohia

• Prabhu Lohia

• Gyanesh Lohia.

Pre-Issue Promoter Shareholding	100%
Post-Issue Promoter Shareholding	-

 

IPO Lead Managers

• Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
  
  

Dividend Policy

The company has not paid a dividend in the last three FYs.

 

 

Conclusion

NR Vandana Textile IPO presents a new issue of Rs. 27.89 Cr in the SME segment. With a robust B2B model, pan-India presence, and steady financial expansion, the company offers a good opportunity. Investors need to balance positives, such as extensive distribution and brand recognition, with industry-related and other risks. 

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.