Rajnandini Fashion India IPO Details
Rajnandini Fashion India IPO Summary
Rajnandini Fashion India IPO opens for subscription on 26 May 2026 and closes on 29 May 2026.The IPO will be listed on BSE with the tentative listing date set for 03 Jun 2026.
Rajnandini Fashion India IPO price band has been fixed at ₹59 – ₹63 per share. The face value is ₹10 per share with a lot size of 2000.
Rajnandini Fashion India IPO total issue size comprises 28,90,000 shares (aggregating up to ₹18.21 Cr). This includes a fresh issue of 28,90,000 shares (aggregating up to ₹18.21 Cr). Pre-issue shareholding stands at 74,80,000, which will increase to 1,03,70,000 post-issue.
Rajnandini Fashion India IPO carries a ₹7 (11.11%) GMP, reflecting investor sentiment.
Rajnandini Fashion India IPO Lot Size :Individual Minimum is 2 lots (4,000 shares) amounting to ₹252,000. Individual Maximum is 2 lots (4,000 shares) amounting to ₹252,000. SHNI Minimum is 3 lots (6,000 shares) amounting to ₹378,000. SHNI Maximum is 7 lots (14,000 shares) amounting to ₹882,000. BHNI Minimum is 8 lots (16,000 shares) amounting to ₹1,008,000.
Rajnandini Fashion India IPO Details
Rajnandini Fashion India IPO Subscription
Rajnandini Fashion India IPO Application Wise Breakup
Rajnandini Fashion India IPO Dates
- 26 May 2026Opening dateOpen
- 29 May 2026Closing dateClose
- 01 Jun 2026Allotment Date Allotment
- 02 Jun 2026Initiation of RefundsRefund
- 02 Jun 2026Credit of SharesCredit
- 03 Jun 2026Listing dateListing
Rajnandini Fashion India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 4000 | ₹252,000 |
| Individual Maximum | 2 | 4000 | ₹252,000 |
| SHNI Minimum | 3 | 6000 | ₹378,000 |
| SHNI Maximum | 7 | 14000 | ₹882,000 |
| BHNI Minimum | 8 | 16000 | ₹1,008,000 |
Rajnandini Fashion India IPO Reservation
Promoter Holding
Documents
Rajnandini Fashion India IPO Valuations
Rajnandini Fashion India Financial Information
| 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 | |||
About Rajnandini Fashion India IPO
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.
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 August 31, 2025, the company had a total workforce of 207 permanent employees.
Strength Of Rajnandini Fashion India IPO
- Wide range of products across multiple price points.
- Presence across multiple online platforms.
- In-house manufacturing facilities.
- Experienced Management Team & Promoters.
Risk Of Rajnandini Fashion India IPO
- The company is a women's apparel design, manufacturing and retail company which is vulnerable to variations in demand and changes in consumer preferences, which could has an adverse effect on its business, results of operations and financial condition.
- The company has recently commenced in-house manufacturing of its products and given the company limited operating history in manufacturing, its may faces challenges that could adversely affect the company business, financial condition, results of operations and future growth prospects.
- The company derives a significant portion of its revenue from fabric and apparel trading activities, which is a low-margin and competitive business and may expose its to risks that could adversely affect the company financial performance.
- The company relies substantially on third-party e-commerce platforms for a significant portion of its business and any decision by such platforms to change their policies, delist or restrict sellers, increase fees or commissions, or otherwise alter their operations could adversely affect the company business, financial condition and results of operations.
- Our business is dependent on the sale of casual and ethnic wear products which contributed 78.84%, 75.33%, 90.97% and 97.72% of our revenue from operations for the period ended December 31, 2025, and for Fiscals 2025, 2024 and 2023, respectively. Any variations in demand and changes in customer preferences could have an adverse effect on our business, financial condition, results of operations and cash flows.
- We do not have long-term agreements with our customers and our revenues are significantly dependent on recurring purchase orders, particularly from our top B2B customers.
- Our dependence on a limited number of suppliers for raw materials, coupled with volatility in raw material prices and increases in operational costs, could adversely affect our business, financial condition, results of operations and cash flows.
- Our Business is subject to risk of Sales Returns in the B2C Segment, which could adversely affect our financial and business performance.
- Our Company does not carry out any printing activities in-house and the entire printing process is outsourced to external vendors.
- We require certain approvals, licenses, registrations and permits to operate our business and failure to obtain or renew them in a timely manner or maintain the statutory and regulatory permits and approvals required to operate our business may adversely affect our operations and financial conditions.
Objectives Rajnandini Fashion India IPO
1. Funding of capital expenditure for setting up a new manufacturing facility
2. Repayment of a portion of certain borrowings availed by our Company
3. Utilization towards working capital requirements
4. General Corporate Purpose
Company Contact Details
Rajnandini Fashion India Ltd.
G1-41, RIICO,
Tonk Road, Sitapura Industrial Are
Jaipur, Rajasthan, 302022
Phone: +91-7878352054
Email: cs@rfil.in
Website: https://rfil.in/
Registrar Contact Details
Rajnandini Fashion India FAQs
The Rajnandini Fashion India IPO is a SME public issue comprising 2890000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹18.21 Cr. The issue price has been fixed at ₹63 per equity share, and the minimum application size is 2000 shares.
The IPO opens for subscription on 26 May 2026, and closes on 29 May 2026.
Bigshare Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at ₹7 (11.11%).
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