NR Vandana Textile IPO open for subscription: check price band, lot size & more

NR Vandana Textile IPO opens for subscription today. Till 12:30 pm, the IPO was booked nearly 60%, led by the non-institutional investors’ (NIIs) category. The cotton textile products maker aims to raise ₹27.89 crore through its initial public offering. The IPO will remain open till May 30.

NR Vandana Textile IPO details

NR Vandana Textile aims to raise ₹27.89 crore through its SME IPO. The issue is 100% book-built and made up entirely of a fresh issuance of 61.9 lakh shares, with no offer-for-sale (OFS) component.

The company has fixed the price band of the issue at ₹42 to ₹45 per share. The lot size, or the minimum bid quantity to apply for the issue, is 3,000 shares. This equates to a minimum investment amount of over ₹1.35 lakh for retail investors (if bids are placed at the upper end of the price band) and ₹2.70 lakh for high networth investors (HNIs) as they need to bid for a minimum of 2 lots.

NR Vandana Textile has appointed Marwadi Chandarana Intermediaries Brokers as the book-running lead manager of the IPO, while Cameo Corporate Services is the registrar for the issue.

NR Vandana Textile IPO: Important dates

The NR Vandana Textile IPO will remain open for bidding from 28 to 30 May. After the bidding is closed, the allotment of shares is expected to be finalised on June 2. Successful bidders can expect the shares to be credited to their demat accounts by June 3, with others receiving refunds on the same day. NR Vandana Textile shares are scheduled to list on the NSE Emerge platform on June 4.

About NR Vandana Textile

Incorporated in 1992, the company designs, manufactures, and wholesales cotton textile products, including sarees, salwar suits, and bed sheets, under the brands “Vandana” and “Tanaya.” Operating on a B2B model, it serves 1,397 wholesalers across 31 Indian states and union territories, along with a B2B e-commerce platform. In FY25, 79.17% of the total revenue came from wholesalers, while the rest was contributed by online clients. Manufacturing is both in-house and outsourced to 229 job workers. As of March 31, 2025, 88.10% of revenue came from the east region. The company focuses on direct client engagement and strong local market connections to drive growth.

Financial snapshot