N R Vandana Tex Industries Ltd. has announced public offering of 6198000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 35.00 per share. The gross proceeds of the issue are expected to be Rs 2,789.10 lakhs.
The company's initial public offer (IPO) will open on 28 May 2025 and is expected to close on 30 May 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 42.00-45.00 per share.
The IPO includes a fresh Issue of 6198000 Equity Shares of the Company at an price of Rs 45.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.
N R Vandana Tex Industries Ltd. anticipates using the proceeds of the issue for .
Marwadi Chandarana Intermediaries Brokers Pvt. Ltd as lead manager & Cameo Corporate Services Ltd. is the registrar, to the issue.