Vandana Saree engaged into designing, manufacturing and wholesale business of cotton textile products including a variety of high-quality cotton sarees, salwar suits and bed sheets. Their products are recognised in textile industry under their own brand name “Vandana” and “Tanaya”. The Company have been awarded “Best Debutant – Apparels” by Ajio Business Partnership Meet – 2022.

N R Vandana Tex Industries, an Book Built Issue Issue amounting to ₹ 27.89 Crores, consisting entirely an Fresh Issue of 61.98 Lakh Shares. The subscription period for the N R Vandana Tex Industries IPO opens on May 28, 2025, and closes on May 30, 2025. The allotment is expected to be finalized on or about Monday, June 02, 2025, and the shares will be listed on the NSE SME with a tentative listing date set on or about Wednesday, June 04, 2025.

The Share Price Band of N R Vandana Tex Industries IPO is set at ₹ 42 to ₹ 45 per equity share. The Market Capitalisation of the N R Vandana Tex Industries Limited at IPO price of ₹ 45 per equity share will be ₹ 104.82 Crores. The lot size of the IPO is 3,000 shares. Retail investors are required to invest a minimum of ₹ 1,35,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (6,000 shares), amounting to ₹ 2,70,000.

Marwadi Chandarana Intermediaries Brokers Private Limited is the book running lead manager of the N R Vandana Tex Industries IPO, while Cameo Corporate Services Limited is the registrar for the issue. Alacrity Securities Limited is the Market Maker for N R Vandana Tex Industries IPO.

N R Vandana Tex Industries Limited IPO GMP Today
The Grey Market Premium of N R Vandana Tex Industries Limited IPO is expected to be ₹ 4 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only

N R Vandana Tex Industries Limited IPO Live Subscription Status Today: Real-Time Update
As of 10:30 AM on 28 May, 2025, the N R Vandana Tex Industries Limited IPO live subscription status shows that the IPO subscribed 0.40 times on its First day of subscription period. Check the N R Vandana Tex Industries IPO Live Subscription Status Today at NSE.

N R Vandana Tex Industries IPO Anchor Investors Report
N R Vandana Tex Industries has raised ₹ 65.99 Crores from Anchor Investors at a price of ₹ 45 per shares in consultation of the Book Running Lead Managers. The company allocated 47,14,200 equity shares to the Anchor Investors. Check Full List of N R Vandana Tex Industries Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion.

N R Vandana Tex Industries Limited Day Wise IPO GMP Trend

Date	IPO Price	Expected Listing Price	GMP	Last Updated
24 May 2025	₹ 45	₹ 49	₹ 4 (8.90%)	08:00 AM; 24 May 2025

N R Vandana Tex Industries Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
N R Vandana Tex Industries IPO allotment date is 02 June, 2025, Monday. N R Vandana Tex Industries IPO Allotment will be out on 2nd June, 2025 and will be live on Registrar Website from the allotment date. Check N R Vandana Tex Industries IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select N R Vandana Tex Industries Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of N R Vandana Tex Industries Limited IPO
N R Vandana Tex Industries proposes to utilise the Net Proceeds towards the following objects: 
1. ₹ 1,628.00 Lakh is required for funding working capital requirements of the Company;
2. ₹ 500.00 Lakh is required for prepayment / Repayment of Loan
3. General corporate purposes

Refer to N R Vandana Tex Industries Limited RHP for more details about the Company.

Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

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About N R Vandana Tex Industries Limited

Business Overview

N R Vandana Tex Industries is engaged in the design, manufacturing, and wholesale of high-quality cotton textile products, including sarees, salwar suits, and bed sheets, marketed under the brands “Vandana” and “Tanaya.” The company was recognized as the “Best Debutant – Apparels” at the Ajio Business Partnership Meet in 2022.

Operating under a B2B model, the company distributes its products through a network of 1,041 wholesalers across 31 states and union territories in India, along with a B2B e-commerce platform. Manufacturing operations encompass cutting, dyeing, embroidery, sewing, embellishments, finishing, inspection, and packing. Additionally, certain manufacturing tasks are outsourced to 191 job workers, based on provided technical specifications.

As of September 30, 2024, revenue distribution stood at 92.11% from the eastern region, 3.35% from the northern region, 2.27% each from the southern and western regions. The company maintains strong local market ties and actively engages potential clients through direct visits. As on February 28, 2025, the Company has employed 113 employees all of whom are on the payrolls. The Bankers to the Company are Union Bank of India and HDFC Bank Limited.

Industry Analysis

India's Manufacturing and Textile Industries: Engines of Economic Growth

Key Points:

Manufacturing Industry

• Contributed 16–17% to GDP pre-pandemic; targets 25% by 2025.

• PMI hit 59.1 in March 2025, a 16-year high.

• FDI in manufacturing reached US$ 165.1 billion, up 69% in a decade.

• India aims for US$ 1 trillion in manufacturing exports by 2030.

• Mobile exports crossed US$ 15.6 billion in FY24.

• Sector employs over 27.3 million people and is integral to India’s growth strategy.

• PLI schemes and initiatives like Industry 4.0 are accelerating digital transformation and automation.

• Manufacturing GVA stood at US$ 110.48 billion in Q1 FY24.

Textile Industry

• Industry contributes 2.3% to GDP and 12% to exports; expected to double GDP share by 2030.

• Projected market value: US$ 350 billion by 2030.

• India ranks 3rd in global textile exports.

• Strong government support through TUFS, SITP, and MITRA Parks.

• Technical textiles, home textiles, and medical textiles show strong double-digit CAGR potential.

• Cotton production for 2023–24 is estimated at 31.6 million bales.

Manufacturing Industry: Powering India’s Economic Ascent

India’s manufacturing sector is rapidly transforming into a cornerstone of national economic growth. Once dependent on conventional machine tools, the industry is now embracing digital transformation and automation, key to staying competitive in a globalized environment. Technologies like IoT, AI, and process-driven manufacturing are pushing India toward Industry 4.0.

The sector’s progress is underscored by the HSBC Manufacturing PMI, which surged to 59.1 in March 2025, reflecting strong output, new orders, and job creation. The government’s ambitious National Manufacturing Policy and PLI schemes, especially in electronics and smartphones, are stimulating growth and attracting foreign investments.

📊 India has attracted US$ 165.1 billion in FDI into manufacturing — a 69% rise over the past decade. Notably, smartphone exports soared by 42% in FY24 to reach US$ 15.6 billion, with the US emerging as the top buyer. Manufacturing GVA for Q1 FY24 stood at US$ 110.48 billion.

India also aims to become a US$ 1 trillion manufacturing economy by 2025–26, aided by local demand, import localization, and growing contract manufacturing potential.

Textile Industry: A Historic Sector Reimagined for Global Leadership

India’s textile sector, one of the oldest in the country, is evolving into a modern and dynamic industry. From traditional handlooms to automated mega textile parks, the sector is experiencing a renaissance driven by both domestic and global demand.

With a projected CAGR of 10%, the Indian textile and apparel market is expected to reach US$ 350 billion by 2030. The sector’s significance is underlined by its contribution of 2.3% to GDP, 13% to industrial production, and 12% to exports.

India is also investing in the Technical Textile segment, now the world’s fifth-largest, and growing at nearly 10% CAGR. Other segments like medical textiles, home furnishings, and sportech are also expanding rapidly. For example, home textiles are expected to grow from US$ 10.78 billion in 2023 to US$ 23.32 billion by 2032.

Key initiatives such as TUFS, MITRA Parks, and SITP are transforming production capabilities and drawing private equity. Additionally, India’s cotton industry — the world’s largest — remains a crucial raw material source, with 2023–24 output projected at 31.6 million bales.

📊Textile Manufacturing Index for June 2024 stood at 106, signaling a strong recovery post-pandemic.

Conclusion

India’s manufacturing and textile industries are not only cornerstones of economic development but also strategic levers for global competitiveness. Backed by government initiatives, robust infrastructure, digital transformation, and favorable demographics, India is poised to become a global manufacturing and export powerhouse by 2030.

Business Strengths

1. Wide Geographic Presence
Products are sold through a nationwide network of wholesalers, supported by a 20-member sales and marketing team that actively engages with clients and builds strong relationships. Local market connections and word-of-mouth referrals play a key role in expanding market reach and customer retention.

2. Strong Distribution Network
As of September 30, 2024, the company had a pan-India distribution network of 1,041 wholesalers, up from 893 in FY23 and 886 in FY22. This widespread network ensures state-wise reach and helps minimize customer concentration risk.

3. Digital Sales Growth
Products are distributed via major B2B platforms including SOLV, Udaan, Bijnis, Jozzby, and Ajio, enhancing online visibility and sales efficiency across a broader customer base.

4. Diverse Product Portfolio
The portfolio spans over 1,500 SKUs, primarily focused on sarees, salwar suits, and bed sheets. Sarees account for over 98% of business revenue. Offerings are categorized by occasion, fabric, weave, and ornamentation, aligning with evolving fashion trends and quality standards.

5. Efficient Procurement Network
Long-standing relationships with weavers and suppliers ensure access to competitive pricing, exclusive designs, and favorable payment terms. Most products are procured on a purchase-order basis, with continuous research and timely supplier payments contributing to supply chain efficiency.

6. Reliable Job Worker Base
Production is carried out through 191 job workers (as of September 30, 2024), many of whom have been associated for over three years. Regular supervision and capacity analysis ensure flexibility in production and timely delivery. Job work expenses constituted around 19.86% to 23.63% of operational revenue over recent years.

7. Experienced Leadership
Promoters and senior management bring a cumulative industry experience of approximately 100 years, including over three decades in the saree segment. Their strategic oversight has been instrumental in driving product diversification and business expansion

Business Strategies

1. Strengthening Pan-India Presence through Product Portfolio
The "Vandana" brand, traditionally strong in Eastern India, aims to deepen market penetration in Northern and Southern regions by expanding its diverse product range and aligning offerings with regional preferences.

2. Portfolio Expansion Aligned with Local Demand
The focus remains on curating an optimal product mix across operational clusters based on customer preferences. New products and process enhancements will be introduced to cater to a broader consumer base and drive sales growth.

3. Brand Enhancement Across the Apparel Sector
Efforts are directed toward increasing brand visibility and customer loyalty through targeted marketing campaigns across print, television, social media, and retail expansion. Brand “Vandana” remains central to market share growth across India.

4. Technology Integration for Operational Efficiency
Adoption of advanced technologies is planned to streamline supply chain management, reduce operational costs, and enhance customer satisfaction. Strengthening data analytics capabilities will support deeper consumer insights, improved sales, and scalable operations

Business Risk Factors and Concerns

1. High Product Concentration in Women’s Sarees
A significant portion of revenue is derived from women’s sarees, making the business susceptible to shifts in consumer preferences, pricing pressures, increased competition, and external market factors. Rapidly changing fashion trends may negatively impact sales if not addressed through timely product adaptation.

2. Dependence on a Limited Design Team
The design function is handled by a small team of two personnel, whose expertise is critical to product development. Loss of key design staff or inability to attract skilled replacements could hinder design continuity and adversely affect business performance.

3. Geographical Revenue Concentration in West Bengal
A substantial share of revenue—over 74% during recent periods—originates from West Bengal. This regional concentration increases exposure to local economic, competitive, or demographic disruptions, potentially impacting overall financial performance.

N R Vandana Tex Industries faces key risks due to product concentration, geographical dependence, and reliance on a small design team. These factors make the company vulnerable to shifts in consumer demand, regional disruptions, and talent-related challenges.