N R Vandana Tex Industries Ltd - IPO

N R Vandana Tex Industries Ltd IPO Details

Initial public offer of 61,98,000^ equity shares of face value of Rs. 10/- each ("Equity Shares") of N R Vandana Tex Industries Limited (the Company or the Issuer) at an issue price of Rs. 45/- per equity share (including a share premium of Rs. 35/- per Equity Share) for cash, aggregating to Rs.27.89 crores (Public Issue) out of which 3,12,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 45/- per equity share for cash, aggregating Rs. 1.40 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 58,86,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 45/- per equity share for cash, aggregating to Rs. 26.49 crores is here inafter referred to as the "Net Issue". The public issue and net issue will constitute 26.61 % and 25.27 % respectively of the post- issue paid-up equity share capital of the company. The price band and the minimum bid lot will be decided by the company. ^ Subject to basis of allotment.

Objective of issue

Funding working capital requirements of the company. Prepayment/repayment of loan. General corporate purposes.

N R Vandana Tex Industries Ltd Contact Details

N R Vandana Tex Industries Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - info@vandanafashion.com

Website - www.vandanafashion.com