N R Vandana Tex Industries IPO - Day 3 Subscription at 101.00 Times

N R Vandana Tex Industries's initial public offering (IPO) has demonstrated outstanding investor demand through its three-day subscription period. The ₹27.89 crore IPO has witnessed remarkable momentum, with subscription rates opening at 1.47 times on day one, rising to 5.22 times on day two, and reaching an exceptional 101.00 times by 5:15:01 PM on the final day, demonstrating extraordinary investor confidence in this Kolkata-based manufacturer of cotton textile products that specialises in designing, manufacturing, and wholesale distribution of sarees, salwar suits, and bed sheets, operating through a B2B model with 1,041 wholesalers across 31 Indian states and leveraging B2B e-commerce platforms for broader market reach.

N R Vandana Tex Industries IPO non-institutional investors segment leads with exceptional 126.70 times subscription, while qualified institutional buyers show strong participation at 36.54 times, reflecting remarkable investor confidence in this company that markets its products under the brand names Vandana and Tanya, operates three manufacturing units and four warehouses with 39,000 sq. ft. factory facility, and has three generations of experience in the textile business with extensive wholesaler network enabling wide market penetration.

N R Vandana Tex Industries IPO subscription reaching an exceptional 101.00 times on the final day, led by NII (126.70x) and QIB (36.54x). Total applications reached 33,766.

Subscription Status of Nikita Papers IPO:

Here are the subscription details for N R Vandana Tex Industries IPO as of Day 3 (May 30, 2025, 5:15:01 PM):

Key Highlights - Day 3:

• Overall subscription reaching an exceptional 101.00 times, showing explosive growth from day two's 5.22 times
• NII segment leading with outstanding demand at 126.70 times, massive jump from day two's 6.34 times
• QIB segment showing remarkable participation at 36.54 times, a significant surge from day two's 2.40 times
• Total applications reached 33,766, indicating substantial investor participation
• The cumulative bid amount reached ₹1,874.73 crores
• The final day demonstrated extraordinary confidence in the textile manufacturing sector
• All investor categories showing massive oversubscription, reflecting unprecedented NII and institutional interest
• Strong across-the-board participation reflects confidence in the established textile business model with an extensive distribution network

N R Vandana Tex Industries IPO - Day 2 Subscription at 5.22 Times

Key Highlights - Day 2:

• Overall subscription rising to 5.22 times, showing significant growth from day one's 1.47 times
• NII segment showing strong acceleration at 6.34 times, substantial improvement from day one's 2.05 times
• QIB segment showing initial participation at 2.40 times, up from day one's 0.00 times
• Second day momentum indicates growing investor confidence in the textile manufacturing sector
• Established B2B distribution model attracting increasing investor attention
• Strong second day performance setting the foundation for the final day explosion

N R Vandana Tex Industries IPO - Day 1 Subscription at 1.47 Times

Key Highlights - Day 1:

• Overall subscription opening at 1.47 times, showing initial investor interest
• NII segment showing early enthusiasm at 2.05 times, indicating initial high-net-worth investor confidence
• QIB segment showing no participation at 0.00 times on day one
• Opening day demonstrates moderate investor engagement
• Initial momentum reflecting a cautious assessment of the textile manufacturing sector opportunity
• Three generations of textile business experience draw initial investor attention
• First day of foundation, setting the stage for subsequent remarkable growth

About N R Vandana Tex Industries Industries IPO

Incorporated in 1992, N R Vandana Tex Industries Limited is a Kolkata-based company specialising 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 and distributing through a network of 1,041 wholesalers across 31 Indian states while leveraging B2B e-commerce platforms for broader reach.

The company operates three manufacturing units and four warehouses with a 39,000 sq. ft. factory facility, with certain manufacturing processes outsourced on a job-work basis where the company provides detailed technical specifications such as designs, patterns, quality standards, and fabric types. The promoters of the company are Narain Prasad Lohia, Prabhu Lohia and Gyanesh Lohia, representing three generations of experience in the textile business.

Financial performance shows a strong growth trajectory with revenue of ₹220.21 crores in FY2024 and profit after tax of ₹4.29 crores. For the financial year ending March 31, 2025, the company reported revenue of ₹271.10 crores with PAT of ₹8.60 crores, demonstrating 23% revenue growth and 100% PAT growth. The company maintains good profitability metrics with 17.54% ROE, 13.82% ROCE, and 15.10% RONW, while operating with a debt-to-equity ratio of 2.43.

Highlights of the  N R Vandana Tex Industries IPO:

• IPO type: Book Building IPO
• IPO size: ₹27.89 crores
• Fresh Issue: 61.98 lakh shares
• Face value: ₹10 per share
• Issue price: ₹45 per share
• Lot size: 3,000 shares
• Minimum investment for retail investors: ₹2,70,000 (2 lots, 6,000 shares)
• Minimum investment for HNI: ₹4,05,000 (3 lots, 9,000 shares)
• Market maker reservation: 3,12,000 shares
• Book-running lead manager: Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
• Registrar: Cameo Corporate Services Limited
• Listing at: NSE SME
• IPO opens: May 28, 2025
• IPO closes: May 30, 2025
• Allotment date: June 2, 2025
• Listing date: June 4, 2025
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