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Rajnandini Fashion India Ltd

Rajnandini Fashion India Ltd

BSE SME · SME IPO
Listed BSE SME SME Live Chart
Issue Price
₹63
₹63
GMP (Grey Market)
+₹11
+17.46%
Est. Listing Price
₹74
Based on GMP
Min. Investment
₹126,000
1 lot × 2000 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
26 May 2026
Close Date
29 May 2026
Allotment
01 Jun 2026
Listing Date
03 Jun 2026
Exchange
BSE SME
Price Band
₹63
Listing Price
See chart
Allotment Status
Price Band
₹63
Per share
Face Value
₹10 per share
 
Lot Size
2,000 Shares
per lot
Issue Size
28,90,000 shares (agg. up to ₹18 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹126,000
1 lot
Pre-IPO Holding
74,80,000 shares
Promoters
Post-IPO Holding
1,03,70,000 shares
Promoters
P/E (Pre)
9.31x
 
P/E (Post)
9.53x
 
EPS (Pre)
₹6.77
 
EPS (Post)
₹6.61
 
UPI Deadline
5:00 PM on 29 May 2026
Mandate
GMP
+₹11
+17.46% est.
Anchor AllotmentMon, 25 May 2026
Basis of AllotmentMon, 01 Jun 2026
Refund InitiationTue, 02 Jun 2026
Demat CreditTue, 02 Jun 2026
Listing DayWed, 03 Jun 2026
UPI Mandate Deadline5:00 PM on 29 May 2026
Sale TypeFresh capital only
Net Offer to Public27,44,000 shares (agg. up to ₹17 Cr)
Market Maker Quota1,46,000 shares (agg. up to ₹0.9198 Cr)
Fresh Issue Shares27,44,000 shares (agg. up to ₹17 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Rajnandini Fashion India Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 29 May 2026.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
146,000
₹0.92
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
2,890,000
100% ₹18.21
IPO Shares Offered
Rajnandini Fashion India Ltd IPO total issue size: ₹18.21 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 146,000 ₹0.92
5.05%
Total 2,890,000 ₹18.21
100.00%
* Based on upper price band ₹63 per share
Lot Size & Investment
Lot Size
2,000
Shares per Lot
Issue Price
₹63.00
Upper Band
Min Investment
₹126,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)24,000₹252,000
Retail (Max — 13 Lots)1326,000₹1,638,000
S-HNI (Min — 14 Lots)1428,000₹1,764,000
B-HNI (Min — 68 Lots)68136,000₹8,568,000
* Issue Price ₹63 × Lot Size 2,000 shares
IPO Schedule
Anchor
25 May 2026
✓ Done
IPO Open
26 May 2026
✓ Done
IPO Close
29 May 2026
✓ Done
Allotment
01 Jun 2026
✓ Done
Refunds
02 Jun 2026
✓ Done
Demat Credit
02 Jun 2026
✓ Done
Listing Day
03 Jun 2026
✓ Done
Rajnandini Fashion India Ltd — Live Price LIVE
₹63.00
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Issue ₹63.00 GMP: +₹11 Live Price
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.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.Competitive Strengths:Wide range of products across multiple price pointsPresence across multiple online platformsIn-house manufacturing facilitiesExperienced and Visionary Promoter Leadership
Objects of the Issue
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
Rajnandini Fashion India Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹28.0
31 Mar 2023
₹23.6
31 Mar 2024
₹31.3
31 Mar 2025
Profit After Tax (PAT)
₹0.4
31 Mar 2023
₹2.3
31 Mar 2024
₹5.1
31 Mar 2025
Particulars31 Mar 202531 Mar 202431 Mar 2023
Revenue from Operations 31.27 23.60 28.02
EBITDA 7.48 3.79 1.03
Profit After Tax (PAT) 5.05 2.29 0.37
Net Worth 9.29 4.24 1.95
Total Assets 25.35 15.74 11.71
Reserves & Surplus 9.07 4.02 1.73
Borrowings 8.84 7.01 6.19
EBITDA Margin (%) 23.49
PAT Margin (%) 16.99
P/BV Ratio
3.27
RoE
43.32
RoCE
24.39
RoNW
35.64
PAT Margin
16.99
EBITDA Margin
23.49
Debt/Equity
0.97
Issue Structure & Shareholding
Total Shares Offered28,90,000
Net Offer to Public27,44,000 shares (agg. up to ₹17 Cr)
Reserved for Market Maker1,46,000 shares (agg. up to ₹0.9198 Cr)
Pre-Issue Promoter Holding74,80,000 shares
Post-Issue Promoter Holding1,03,70,000 shares
P/BV Ratio3.27
RoE43.32
RoCE24.39
Debt / Equity0.97
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Seren Capital Pvt.Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Rajnandini Fashion India Ltd IPO subscribed?

Rajnandini Fashion India Ltd IPO is subscribed 1.00 times by May 29, 2026. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Rajnandini Fashion India Ltd IPO retail subscription status?

The Rajnandini Fashion India Ltd IPO retail category is subscribed 1.00 times as of 29 May 2026. The retail portion is oversubscribed.

How to subscribe Rajnandini Fashion India Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 26 May 2026 and closes 29 May 2026. Min investment: ₹126,000 (1 lot = 2,000 shares). UPI mandate: 5:00 PM on 29 May 2026.

How many times Rajnandini Fashion India Ltd IPO subscribed?

The Rajnandini Fashion India Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Rajnandini Fashion India Ltd IPO allotment?

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 01 Jun 2026. Refunds: on 02 Jun 2026.

When Rajnandini Fashion India Ltd IPO will be listed?

The Rajnandini Fashion India Ltd IPO listing date is 03 Jun 2026, Wednesday. Listed on: BSE SME. Issue price: ₹63. Estimated listing: ₹74. GMP: +₹11.

When Rajnandini Fashion India Ltd IPO close?

The Rajnandini Fashion India Ltd IPO closes on 29 May 2026, Friday. UPI mandate: 5:00 PM on 29 May 2026. Allotment: 01 Jun 2026. Listing: 03 Jun 2026.