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NR Vandana Textile IPO is a book-building issue worth Rs 27.89 crore. It comprises an entirely fresh issuance of 61.98 lakh shares.
The price band for the NR Vandana Textile IPO has been set at Rs 42 to Rs 45 per share.
Retail investors can apply for a minimum lot size of 3,000 shares, amounting to an investment of Rs 1,26,000. For High Net-worth Individuals (HNIs), the minimum bid size is two lots, or 6,000 shares. This aggregates to an investment of Rs 2,70,000.
More than 50% of the net issue has been reserved for the Qualified Institutional Buyers (QIBs). The company has reserved 35% of the net issue size for the retail category, while the remaining 15% has been set aside for the Non-Institutional Investors (NIIs).
Marwadi Chandarana Intermediaries Brokers Pvt. is the book-running lead manager for NR Vandana Textile IPO, while the registrar for the issue is Cameo Corporate Services Ltd.
Allotment status for the NR Vandana Textile IPO is expected to be finalised by Monday, June 2. Following this, refunds to unsuccessful applicants will be initiated, as well as the transfer of shares to the Demat accounts of successful bidders, on June 3.
Shares of the company are tentatively slated for listing on the NSE SME platform on June 4.
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