Kolkata (West Bengal) [India], May 27: The Rs. 27.89 crore Initial Public Offering (IPO) of NR Vandana Tex Industries Limited, a leading designer, manufacturer and wholesaler of cotton textile products, is set to open on Wednesday, May 28, and will close on Friday, May 30.
The company has fixed a price band of Rs. 42 to Rs. 45 per share. The IPO is a completely fresh issue of 61,98,000 shares and will raise Rs. 27.89 crore at the upper end of the price band. The company has reserved 29,37,000 shares for Qualified Institutional Bidders…