NR Vandana Textile IPO subscribed 5.18x on Day 2

NR Vandana Textile IPO subscribed over 5.18x on its second day of subscription, wherein QIB subscribed 2.40, NII subscribed 6.30x, and RII subscribed 0.00x.

NR Vandana Textile IPO subscription started on Wednesday, May 28 2025, 2025, and will close on May 30, 2025, as per the schedule. The price band is set at ₹42 to ₹45 per share with a face value of ₹10.

NR Vandana Textile IPO Subscription Status

NR Vandana Textile IPO subscribed over 5.18x on its second day till 5.00 PM on May 29, 2025.

NR Vandana Textile IPO subscription QIB investors’ portion was 2.40 times, while NII subscribers subscribed 6.30 times, and RII investors subscribed 0 times.
The company has received bids for 2,13,87,000 shares against 41,25,000 on offer for the second-day subscription.
NR Vandana Textile IPO subscribed over 5.18x on its day 2.
NR Vandana Textile IPO subscribed over 1.47x on its day 1.

About NR Vandana Textile Company

N R Vandana Textile Industries Ltd, founded in 1992, is one of the renowned companies involved in designing, manufacturing, and wholesale business of cotton products. The company’s portfolio consists of a wide range of printed sarees and embroidery sarees, unstitched salwar suits (“salwar suits”), and bedsheets. As of now, the company markets its products under the brand names Vandana and Tanya. From cutting, dyeing, embroidery, sewing, embellishments, finishing, inspection, to packing, the company is involved in a complete process of manufacturing cotton products. As of September 30, 2024, the company consists of 191 workers to help with its manufacturing process. The making process consists of buying the raw materials like grey fabric, ready-to-use bleached or dyed fabric, and printed fabrics, which go through bleaching or dyeing and are then processed into sarees, salwar suits, and bedsheets. N R Vandana Textile Industries has served a network of over 1041 wholesalers and provides a catalog of more than 1500 products.

NR Vandana Textile Financial Report

The company reported revenue of ₹271.10 crores in 2025 against ₹220.21 crore in 2024. The company reported profit of ₹8.60 crores in 2025 against profit of ₹4.29 crores in 2024.

NR Vandana Textile IPO GMP:

NR Vandana Textile IPO GMP was ₹0 as of Thursday, 29 May 2025. That indicates the IPO is trading at ₹45 with a ₹0 premium in the grey market against the issue price of ₹45.

Jagat Joshi

An experienced stock market professional with expertise in IPO research, market insights, and equity strategies. With a strong background in research and capital markets, he delivers comprehensive coverage on upcoming IPOs, subscription patterns, grey market premium (GMP), and post-listing performance, along with detailed reviews, recommendations, and technical analysis.

Add IPOWatch to your Google News feed.

Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.