N R Vandana Tex Industries IPO

Issue:₹45

List:₹60

CMP:₹59.7

NSELot: 3000SME

LISTEDSME

Issue Price₹45

Listing₹60

Current₹59.7

Price Band

₹42 - ₹45

Lot Size

3,000

Issue Size

₹27.89 Cr

GMP

₹0

Subscription

1.47x

Content

IPO Schedule

Open

28 May

30 May

Allotment

Listing

4 Jun

About N R Vandana Tex Industries

N R Vandana Tex Industries is an SME engaged in the textile industry, primarily focused on manufacturing and processing textile products. The company caters to a specific niche within the textile market, supplying processed fabrics to garment manufacturers and other related industries.

Subscription Status

QIB

0.00x

NII

2.05x

Retail

0.00x

Category	Day 3	Day 2	Day 1
QIB	36.54x	2.40x	0.00x
NII	126.70x	6.34x	2.05x
Retail	0.00x	0.00x	0.00x
Total	101.00x	5.22x	1.47x

Risk Factors

•SME Risk: As an SME, the company may face challenges related to limited access to funding, resources, and skilled labor compared to larger organizations.

•Industry Cyclicality: The textile industry is subject to cyclical fluctuations in demand and prices, which could impact the company's profitability.

•Raw Material Price Volatility: Fluctuations in raw material prices (e.g., cotton, dyes, chemicals) can affect the company's margins and profitability.