NR Vandana Textile IPO subscribed 101 times on Day 3: Here’s how to check allotment status on NSE, Cameo Corporate Services

NR Vandana Textile IPO was fully subscribed on the first day of the IPO launch, and more bids came on the subsequent days, led by non-institutional buyers (NIIs).

Till 5:00 pm on the final day, the mainboard issue received applications for over 41.6 crore shares against 61 lakh shares on offer, leading to a subscription of over 101 times as per the NSE data.

The Qualified Institutional Buyers’ category was booked over 36 times with bids for 4.2 crore shares against 11.7 lakh shares on offer. The Non-Institutional Investors’ (NIIs) segment received bids for more than 37 crore shares against 29.4 lakh shares on offer, leading to a subscription of 126 times in the category.

The investors who participated in the NR Vandana Textile IPO are now waiting for the company to finalise the share allotment. The company is scheduled to decide on June 2. IPO bidders can check the share allotment status on the websites of the NSE and the issue registrar website, Cameo Corporate Services.

How to check allotment status on the NSE website

• Visit NSE’s allotment status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• Choose ‘NR Vandana Textile’ under the symbol ‘NRVANDANA’.
• Enter your PAN details and application number.
• Click on submit

How to check allotment status on Cameo Corporate Services website

• Open the IPO allotment status page on the Cameo Corporate Services website
• Select any of the 3 links
• Choose NR Vandana Textile from the dropdown list (Name will appear after finalisation of the allotment status)
• Enter either PAN or Application Number
• Enter Captcha

About the NR Vandana Textile IPO

NR Vandana Textile Industries specialises in the design, manufacture and wholesale of premium cotton textile products, including cotton sarees, salwar suits, and bed sheets. The company markets its products under the “Vandana” and “Tanaya” brands and operates under the B2B model.

Its operations cover all stages of production, including cutting, dyeing, embroidery, sewing, embellishment, finishing, inspection, and packing. The company also outsources a portion of its production to 229 job workers, providing them with specific technical instructions to ensure consistency in quality.

The company aims to utilise the net proceeds from the issue to meet working capital requirements (₹16.28 crore), repayment of certain loans (₹5 crore), and the rest for general corporate purposes.

The shares are expected to list on the NSE SME Emerge platform on June 4. The lead manager of the issue is Marwadi Chandarana Intermediaries Brokers, while Cameo Corporate Services is the registrar. Alacrity Securities is the market maker.