NR Vandana Textile IPO Subscription Status
By 11:30 AM on Wednsday, the first day of subscription, 43 per cent of the issue had ben subscribed. The segment reserved for non-institutional investors (NIIS) Had Been subscribed to over two times. However, the segments of retail and qualified institutional buyers had not seen any subscriptions until then.
NR Vandana Textile IPO Details
1. NR Vandana Textile IPO Gmp: According to Market Sources, Around 11:30 AM on Wednsday, The Grey Market Premium (Gmp) of NR Vandana Textile Shares was zero. This indicates that nr vandana textile shares could be listed at par with the issue price.
2. NR Vandana Textile IPO Date: The nse sme iPo open for subscription on wedding, May 28, and will conclude on Friday, May 30.
3. NR Vandana Textile IPO Price: The price band of the public issue has been fixed at 42 to 45 per equity share.
4. NR Vandana Textile IPO Size: The company intends to raise 27.90 Crore from the issue, which it will mainly use to meet working capital requires and payments of loans.
5. NR Vandana Textile IPO Lot Size: Bidders can apply in lots, and one lot of this iPo Comprises 3,000 Company Shares.
6. NR Vandana Textile IPO Reservation: As much as 50 per cent of the net issue is reserved for Qibs, whose 35 per cent is reserved for retail investors. The remain 15 per cent of the issue is reserved for niis.
7. NR Vandana Textile IPO Allotment Date: The IPO is closing on Friday, may 30, so as per sebi’s listing rules, the company is expected to finalize the share allotment on the next working day, which is monday, which is monday, june 2. Expect shares of the company in their demat accounts on tuesday, June 3, and bidders who fail to get the allocation may get a refund on the same day.
8. NR Vandana Textile IPO Book-Running Lead Manager and Registrar: Marwadi Chandarana Intermediaryies Brokers Private Limited is the Book-Running Lead Manager, While Cameo Corporate Services Limited is the Registrar for the ISSUE.
9. NR Vandana Textile IPO Listing: As per sebi’s t+3 rule of iPo Listing, Shares of the company are proposed for listing on the nse sme on wedding, June 4.
10. NR Vandana Textile Business Overview: According to the company’s rhp, it is engaged in designing, manufacturing and wholesale business of cotton textile products, involuding a variety of high-quality cotton sares, salwar suits and beed Sheets.
The company’s consolidated Profit for FY23 Stood at 1.8 Crore, which rose to 4.3 Crore in FY24 and 8.6 Crore in FY25.
Revenue from Operations for FY23, FY24 and FY25 Study at 195.24 Crore, 220.11 Crore and 270.80 Crore, respectively.
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