| IPO Date | May 26, 2026 to May 29, 2026 |
| Listing Date | June 3, 2026 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 59 to ₹ 63 / Share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2890000 (Aggregating up to 18 ) |
| Fresh Issue | 2744000 (Aggregating up to 17 ) |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share holding pre issue | 7480000 |
| Share holding post issue | 10370000 |
| Market Maker portion |
Rajnandini Fashion IPO opens on May 26, 2026, and closes on May 29, 2026.
| IPO Open Date | May 26, 2026 |
| IPO Close Date | May 29, 2026 |
| Basis of Allotment | June 1, 2026 |
| Initiation of Refunds | June 2, 2026 |
| Credit of Shares to Demat | June 2, 2026 |
| Listing Date | June 3, 2026 |
| Cut-off time for UPI mandate confirmation | -- |
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | Rs.252,000 |
| Retail (Max) | 2 | 4,000 | Rs.252,000 |
| S-HNI (Min) | 3 | 6,000 | Rs.378,000 |
| S-HNI (Max) | 7 | 14,000 | Rs.882,000 |
| B-HNI (Min) | 8 | 16,000 | Rs.1,008,000 |
| HNI (Min) |
| Share Holding Pre Issue | 7480000 |
| Share Holding Post Issue | 10370000 |
Rajnandini Fashion India IPO comprises a total issue size of 28,90,000 shares. The net offer to the public is 27,44,000 shares, after excluding 1,46,000 shares allotted on a firm basis. Of the Net offer 13,66,000 (49.78%) are allocated to QIB, 4,14,000 (15.09%) allocated to NII 9,64,000 (35.13%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 818000 |
28.30 |
| Market Maker Shares Offered | 146000 |
5.05 |
| Other Shares Offered | |
|
| QIB Shares Offered | 548000 |
18.96 |
| NII (HNI) Shares Offered | 4,14,000 15.09 |
14.33 |
| bNII > ₹10L | 276000 |
9.55 |
| sNII < ₹10L | 138000 |
4.78 |
| Retail Shares Offered | 964000 35.13 |
33.36 |
| Employee Shares Offered | |
|
| Total Shares Offered | 2890000 100.00 |
| Bid Date | 2026-05-25 |
| Shares Offered | 818000 |
| Anchor Portion Size (In Cr.) | 5.15 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 30, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 29, 2026 |
Incorporated in 2010, Rajnandini Fashion designs, manufactures, and sells women’s apparel across ethnic and casual wear categories through both online and offline channels.
Its ethnic wear range includes sarees, kurtis, kurta sets, and unstitched dress materials, while casual wear range covers tops, tunics, dresses, and maternity gowns made from fabrics such as cotton, rayon, silk, and poly-cotton.
We operate in two segments:
Its products are sold under four brands – Merira, Monira, Roly Poly, and Rajnandini, catering to different price segments. Product prices generally range between ₹250 and ₹2,000, depending on the category.
The company set up first manufacturing unit in Surat in 2023 and expanded to Jaipur in 2024. The Surat unit has 90 sewing machines, and the Jaipur unit has 50. As of April 30, 2026, the company had a total workforce of 146 permanent employees.
Competitive Strengths:
| KPI | Values |
|---|---|
| ROE | 43.32 |
| ROCE | 24.39 |
| Debt/Equity | 0.97 |
| RoNW | 35.64 |
| P/BV | 3.27 |
| PAT Margin (%) | 16.99 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.77 | 6.61 |
| P/E (x) | 9.31 | 9.53 |
Vikesh Sushil Lunawat, Sushil Kumar Lunawat and Priyanka Chopra
Rajnandini Fashion India Ltd. Address G1-41, RIICO Tonk Road Sitapura Industrial Area Jaipur, Rajasthan, 302022
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