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Rajnandini Fashion India IPO Details

Bookbuilding IPO | ₹18 Cr | Listing at BSE SME | Tue, May 26, 2026 - Fri, May 29, 2026

Rajnandini Fashion India IPO is a book build issue of ₹18.21 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹18.21 crore.

Rajnandini Fashion India IPO opens for subscription on May 26, 2026 and closes on May 29, 2026. The allotment for the Rajnandini Fashion India IPO is expected to be finalized on Jun 1, 2026. Rajnandini Fashion India IPO will list on the BSE SME with a tentative listing date fixed as Jun 3, 2026.

Rajnandini Fashion India IPO is set issue price band at ₹59 to ₹63 per share. The lot size for an application is 2,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,52,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,78,000.

Seren Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.

Refer to Rajnandini Fashion India IPO DRHP for detailed Information.

IPO Open

Tue, May 26, 2026

IPO Close

Fri, May 29, 2026

Price Band

₹59 to ₹63

Market Cap (Pre-IPO)

₹65.33 Cr

IPO Details

IPO Date

26 to 29 May, 2026
Listing Date

Wed, Jun 3, 2026T
Face Value

₹10 per share
Price Band

₹59 to ₹63
Lot Size

2,000 Shares
Sale Type

Fresh capital only
Issue Type

Bookbuilding IPO
Listing At

BSE SME

Total Issue Size

28,90,000 shares (agg. up to ₹18 Cr)
Reserved for Market Maker

1,46,000 shares (agg. up to ₹0.9198 Cr)
Fresh Issue (Ex Market Maker)

27,44,000 shares (agg. up to ₹17 Cr)
Net Offered to Public

27,44,000 shares (agg. up to ₹17 Cr)
Share Holding Pre Issue

74,80,000 shares
Share Holding Post Issue

1,03,70,000 shares

IPO Timetable (Tentative)

IPO Open

Tue, May 26, 2026
Allotment

Mon, Jun 1, 2026
Credit of Shares

Tue, Jun 2, 2026

IPO Close

Fri, May 29, 2026
Refund

Tue, Jun 2, 2026
Listing

Wed, Jun 3, 2026

Issue Reservation

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	% of Net Issue	% of Total Issue
QIB Shares Offered	13,66,000	49.78%	47.27%
NII (HNI) Shares Offered	4,14,000	15.09%	14.33%
Retail Shares Offered	9,64,000	35.13%	33.36%
Firm Reservations
Market Maker Shares Offered	1,46,000		5.05%
Total Shares Offered	28,90,000	100.00%	100.00%

IPO Lot Size

Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	2	4,000	₹2,52,000
Individual investors (Retail) (Max)	2	4,000	₹2,52,000
S-HNI (Min)	3	6,000	₹3,78,000
S-HNI (Max)	7	14,000	₹8,82,000
B-HNI (Min)	8	16,000	₹10,08,000

IPO Subscription Details

About Rajnandini Fashion India Ltd.

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, whilecasual 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:

B2C (Business-to-Consumer): Direct sales through the co.website and major e-commerce platforms like Amazon, Flipkart, Myntra, Ajio, Nykaa, and others. The company processed 2.8 lakh orders in FY 2025.
B2B (Business-to-Business): Supply of fabrics and ready-made garments to wholesalers, retailers, and garment processors. The B2B segment generated revenue of Rs 1,170.31 lakh in FY 2025.

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	25.35	15.74	11.71
Total Income	31.27	23.60	28.02
Profit After Tax	5.05	2.29	0.37
EBITDA	7.48	3.79	1.03
NET Worth	9.29	4.24	1.95
Reserves and Surplus	9.07	4.02	1.73
Total Borrowing	8.84	7.01	6.19
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1 Funding of capital expenditure for setting up a new manufacturing facility

1.41
2 Repayment of a portion of certain borrowings availed by our Company

5.50
3 Utilization towards working capital requirements

9.00
4 General Corporate Purpose

Key Performance Indicator (KPI)

KPI	Mar 31, 2025
ROE	74.59%
ROCE	43.22%
Debt/Equity	0.95
RoNW	54.41%
PAT Margin	16.45%
EBITDA Margin	24.38%
Price to Book Value	5.07

Check IPO Peer Comparison here.

	Pre IPO	Post IPO
EPS (₹)	6.75	4.87
P/E (x)	9.33	12.94
Promoter Holding	100%	72.13%
Market Cap	₹65.33 Cr.

Vikesh Sushil Lunawat, Sushil Kumar Lunawat and Priyanka Chopra are the company promoters.

The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025 available in RHP.

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200
ipo@bigshareonline.com
Visit Website

IPO Lead Manager(s)

Seren Capital Pvt.Ltd. (Past IPO Performance)

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Rajnandini Fashion India Ltd. Address

G1-41, RIICO,

Tonk Road

Sitapura Industrial Area

Jaipur, Rajasthan, 302022

+91-7878352054
cs@rfil.in
Visit Website

IPO FAQs

What is the Rajnandini Fashion India IPO?

Rajnandini Fashion India IPO is a SME IPO of 28,90,000 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹59 to ₹63. The minimum order quantity is 2000.

The IPO opens on Tue, May 26, 2026, and closes on Fri, May 29, 2026.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

How to apply in Rajnandini Fashion India IPO through Angel one?

Angel one customers can apply online in Rajnandini Fashion India IPO using UPI as a payment gateway. Angel one customers can apply in Rajnandini Fashion India IPO by login into Angel one Console (back office) and submitting an IPO application form.

Steps to apply in Rajnandini Fashion India IPO through Angel one

Visit the Angel one website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Rajnandini Fashion India IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel one IPO Application Process Review for more detail.

When Rajnandini Fashion India IPO will open?

The Rajnandini Fashion India IPO opens on Tue, May 26, 2026 and closes on Fri, May 29, 2026.

What is the lot size of Rajnandini Fashion India IPO?

Rajnandini Fashion India IPO lot size is 2000, and the minimum amount required for application is ₹2,52,000, with 2 lots being the minimum application size.

How to apply for Rajnandini Fashion India IPO?

You can apply in Rajnandini Fashion India IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Rajnandini Fashion India IPO allotment?

The finalization of Basis of Allotment for Rajnandini Fashion India IPO will be done on Monday, June 1, 2026, and the allotted shares will be credited to your demat account by Tue, Jun 2, 2026. Check the Rajnandini Fashion India IPO allotment status.

When is Rajnandini Fashion India IPO listing date ?

The Rajnandini Fashion India IPO listing date is not yet announced. The tentative date of listing is Wed, Jun 3, 2026.