N R Vandana Tex Industries IPO Closed
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Schedule of N R Vandana Tex Industries
| Issue open date | 28 May 2025 |
| Issue close date | 30 May 2025 |
| UPI mandate deadline | 30 May 2025 (5 PM) |
| Allotment finalization | 02 Jun 2025 |
| Refund initiation | 03 Jun 2025 |
| Share credit | 03 Jun 2025 |
| Listing date | 04 Jun 2025 |
| Mandate end date | 14 Jun 2025 |
| Lock-in end date for anchor investors (50%) | 02 Jul 2025 |
| Lock-in end date for anchor investors (remaining) | 31 Aug 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About N R Vandana Tex Industries
Vandana and Tanaya brands manufacture and sell cotton sarees, salwar suits, and bedsheets. They operate through a B2B model, with 1,041 wholesalers across 31 states and B2B platforms. Most of their sales (92.11%) come from the East region. They use a network of 191 job workers for manufacturing, handling design, fabric, and quality. The company won the “Best Debutant – Apparels” award from Ajio in 2022 and focuses on direct client engagement and local market connections to grow.
Financials of N R Vandana Tex Industries
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹27.89 crores |
| Fresh Issue | ₹27.89 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding working capital requirements | 16.28 (58.35%) |
| Working Capital Requirements | 5 (17.93%) |
| General corporate purposes | 6.61 (23.72%) |
Strengths
- Focused on B2B textile products with wide customer base.
- Diverse product range including sarees, salwar suits, bed sheets.
- Strong network of 1041 wholesalers across 31 states.
- Known brands “Vandana” and “Tanaya” recognized in the market.
- Awarded Best Debutant – Apparels by Ajio in 2022.
Risks
- Heavy revenue dependency on sarees (over 98% of sales).
- Rapid changes in consumer preference may impact sales.
- Limited geographical revenue spread, mostly East India.
- Reliance on job workers for manufacturing processes.
- No major partnerships or diversification beyond core products.
Allotment Status for N R Vandana Tex Industries
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Subscription Figures for N R Vandana Tex Industries
Subscription numbers as of 5:00 PM on 30 May 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 11.76 | 429.75 | 36.54x |
| NII | 8.85 | 3736.32 | 126.70x |
| Retail | 20.64 | – | – |
| Total | 41.25 | 4166.07 | 101x |