N R Vandana Tex Industries Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the N R Vandana Tex Industries Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹45
Per ShareLot Size
3000 Shares
Minimum Investment
₹1,35,000
Issue Size
₹27.89 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
N R Vandana Tex Industries Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
73.39%
Issue Type
Book Building - SME
ISIN
INE104101014
About the Company
We are engaged into designing, manufacturing and wholesale business of cotton textile products including a variety of high-quality cotton sarees, salwar suits and bed sheets. Our products are recognised in textile industry under our own brand name "Vandana" and "Tanaya". Our Company have been awarded "Best Debutant - Apparels" by Ajio Business Partnership Meet - 2022. Our Company operates into B2B business model, focusing on selling our products through a network of 1397 wholesalers as of March 31, 2025 spread across 31 states and union territories in India and through a channel of B2B e-commerce platform.
Industry Overview
Manufacturing is emerging as an integral pillar in the country's economic growth, thanks to the performance of key sectors like automotive, engineering, chemicals, pharmaceuticals, and consumer durables. The Indian manufacturing industry generated 16-17% of India's GDP pre-pandemic and is projected to be one of the fastest growing sectors. The machine tool industry was literally the nuts and bolts of the manufacturing industry in India. Today, technology has stimulated innovation with digital transformation a key aspect in gaining an edge in this highly competitive market. Technology has today encouraged creativity, with digital transformation being a critical element in gaining an advantage in this increasingly competitive industry. The Indian manufacturing sector is steadily moving toward more automated and process-driven manufacturing, which is projected to improve efficiency and enhance productivity. India's textiles sector is one of the oldest industries in the Indian economy, dating back to several centuries. The industry is extremely varied, with hand-spun and hand-woven textiles sectors at one end of the spectrum, with the capital-intensive sophisticated mills sector at the other end. The fundamental strength of the textile industry in India is its strong production base of a wide range of fibre/yarns from natural fibres like cotton, jute, silk, and wool, to synthetic/man-made fibres like polyester, viscose, nylon and acrylic. The decentralised power looms/ hosiery and knitting sector form the largest component of the textiles sector. The close linkage of textiles industry to agriculture (for raw materials such as cotton) and the ancient culture and traditions of the country in terms of textiles makes it unique in comparison to other industries in the country. India's textiles industry has a capacity to produce a wide variety of products suitable for different market segments, both within India and across the world. In order to attract private equity and employee more people, the government introduced various schemes such as the Scheme for Integrated Textile Parks (SITP), Technology Upgradation Fund Scheme (TUFS) and Mega Integrated Textile Region and Apparel (MITRA) Park scheme.
Company History
Our company was originally incorporated and registered as a Private Limited Company under Companies Act, 1956 in the name and style of N.R. Design Centre Private Limited vide certificate of incorporation dated May 4, 1992 bearing registration number 21-55341 issued by the Registrar of Companies, West Bengal. Further, the name of our Company was changed to "N R Vandana Tex Industries Private Limited" and a fresh certificate of incorporation dated May 31, 2024 was issued by Registrar of Companies, Central Processing Centre. Pursuant to a resolution of our Board dated June 03, 2024 and a resolution of our shareholders dated June 07, 2024, our Company was converted into a public limited company under the Companies Act, and consequently the name of our company was changed to `N R Vandana Tex Industries Limited', and a fresh certificate of incorporation dated August 13, 2024 issued by Registrar of Companies, Central Processing Centre.
Products & Services
- The Company is engaged into designing, manufacturing and wholesale business of cotton textile products including a variety of high-quality cotton sarees, salwar suits and bed sheets.
Growth Strategy
- Continue to focus on the growth of our existing product portfolio to establish pan-India presence.
- Expanding our product portfolio.
- Continue to enhance our brand in the apparel industry.
- Leverage technology to bring cost efficiency and enhance customer experience.
Customer Base
wholesaler and retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 61,98,000^ equity shares of face value of Rs. 10/- each ("Equity Shares") of N R Vandana Tex Industries Limited ("the Company" or "the Issuer") at an issue price of Rs. 45/- per equity share (including a share premium of Rs. 35/- per Equity Share) for cash, aggregating to Rs.27.89 crores ("Public Issue") out of which 3,12,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 45/- per equity share for cash, aggregating Rs. 1.40 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 58,86,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 45/- per equity share for cash, aggregating to Rs. 26.49 crores is here inafter referred to as the "Net Issue". The public issue and net issue will constitute 26.61 % and 25.27 % respectively of the post- issue paid-up equity share capital of the company. The price band and the minimum bid lot will be decided by the company. ^ Subject to basis of allotment.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Wide Geographic Presence.
- Strong Distribution Network.
- Digital Sales Growth.
- Product portfolio.
- Supplier network enabling procurement at predicable and competitive pricing, leading to an overall efficient cycle.
- There are certain outstanding legal proceeding involving its Promoter and Promoter Entities which may adversely affect the company business, financial condition and results of operations.
- Its business is highly concentrated on the sale of women's sarees and is vulnerable to variations in demand and changes in consumer preference, could have an adverse effect on its business, results of operations and financial condition.
- The company is dependent on job workers for manufacturing of its Products, any disruption to the company operations on account of Job work may have an effect on its business, results of operations and financial condition.
- The company Business is dependent on network of wholesalers. The company top ten wholesalers contribute about 25.99%, 17.49% & 16.96% and 24.78% of its revenues from operations for period ended June 30, 2024 and for the year ended March 31, 2024, March 31, 2023 and March 31, 2022. Any loss of business from one or more of them may adversely affect its revenues and profitability.
- The company is dependent upon few suppliers for the material requirements of its business. Further, the company does not have definitive agreements or fixed terms of trade with most of its suppliers. Failures to successfully leverage the company relationships with existing suppliers or to identify new suppliers could adversely affect its business operations.