ENA MSME 2025-06-04 16:08:41 <p><span style="font-size:14px"><strong>New Delhi, Jun 4 (KNN)</strong> N R Vandana Tex Industries made its stock market debut on the National Stock Exchange (NSE) Emerge with shares listed at Rs 45, matching the initial public offering (IPO) price.</span></p> <p><span style="font-size:14px">However, the stock subsequently declined to trade at Rs 44.20, representing a discount of 1.78 percent to the issue price.</span></p> <p><span style="font-size:14px">During the trading session, the shares experienced volatility with a high of Rs 46 and a low of Rs 42.75. The counter witnessed significant trading activity with approximately 20.73 lakh shares changing hands.</span></p> <p><span style="font-size:14px">The company's IPO had generated substantial investor interest, achieving an oversubscription of 93.96 times. The public issue was open for bidding from May 28, 2025, to May 30, 2025, with a price band set between Rs 42 and Rs 45 per share.</span></p> <p><span style="font-size:14px">Prior to the public offering, N R Vandana Tex Industries secured Rs 7.92 crore from anchor investors on May 27, 2025. The company's board allocated 17.61 lakh shares at Rs 45 per share to six anchor investors.</span></p> <p><span style="font-size:14px">The textile manufacturer plans to utilize the net proceeds from the IPO for funding working capital requirements, prepayment or repayment of existing loans, and general corporate purposes.</span></p> <p><span style="font-size:14px">N R Vandana Tex Industries operates in the cotton textile segment, specializing in the design, manufacturing, and wholesale distribution of cotton textile products.</span></p> <p><span style="font-size:14px">The company's product portfolio includes high-quality cotton sarees, salwar suits, and bed sheets marketed under the brand names Vandana and Tanaya.</span></p> <p><span style="font-size:14px">The company follows a business-to-business (B2B) model, distributing its products through a network of 1,397 wholesalers spread across 31 states and union territories in India as of March 31, 2025.</span></p> <p><span style="font-size:14px">Additionally, the company leverages B2B e-commerce platforms for sales. As of April 30, 2025, the organization employed 86 people and engaged 34 contract workers.</span></p> <p><span style="font-size:14px">For the financial year ended March 31, 2025, N R Vandana Tex Industries reported revenue from operations of Rs 270.80 crore and recorded a net profit of Rs 8.60 crore.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 42328 https://knnindia.co.in/news/newsdetails/msme/n-r-vandana-tex-industries-makes-flat-market-debut-on-nse-emerge 2025-06-04 16:08:41 knnindia.co.in