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Rajnandini Fashion India Ltd IPO
BSE SME Bookbuilding IPO Fresh capital only Closed
GMP +₹11 +17.46% Est. Listing ₹74 P&L/Lot +₹22,000
Issue Price
₹63
Face ₹10
GMP
+₹11
+17.46% premium
Est. Listing
₹74
GMP based
Subscribed
203.74
🔥 Hot
Min Amount
₹126,000
1 lot · 2,000 shares
Lot Size
2,000
shares / lot
Allotment
Important Dates
2/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
26 May 2026
Tue Completed
Done
Close Date
29 May 2026
Fri Completed
Soon
Allotment
01 Jun 2026
Mon Upcoming
Soon
Refund
02 Jun 2026
Tue Upcoming
Soon
Demat Credit
02 Jun 2026
Tue Upcoming
Soon
Listing Date
03 Jun 2026
Wed Upcoming
Issue Details
Pricing & Size
Issue Price
₹63 Face ₹10
Lot Size
2,000 shares
Min Investment
₹126,000
Total Issue Size
28,90,000 shares (agg. up to ₹18 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh capital only
Listing Exchange
BSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
1,46,000
QIB Portion
548000.00
NII / HNI
414000.00
Retail
964000.00
Employee
-
Net Offer to Public
27,44,000 shares (agg. up to ₹17 Cr)
Shareholding Pattern
Pre-Issue Shareholding
74,80,000 shares
Post-Issue Shareholding
1,03,70,000 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 2 4,000 ₹2,52,000
HNI / NII 3 6,000 ₹3,78,000
Objects of Issue
4 objectives
1
Funding of capital expenditure for setting up a new manufacturing facility
1.35 Cr
2
Repayment of a portion of certain borrowings availed by our Company
5.50 Cr
3
Utilization towards working capital requirements
7.00 Cr
4
General Corporate Purpose
Lead Managers & Market Maker
Book Running Lead Managers
Seren Capital Pvt.Ltd
Market Maker
Giriraj Stock Broking Pvt.Ltd.
IPO Timeline
Open
26 May
✓ Done
Close
29 May
✓ Done
Allotment
01 Jun
Upcoming
Listing
03 Jun
Upcoming
Registrar Details
Bigshare Services Pvt.Ltd
SEBI Registered Registrar & Transfer Agent
Phone
+91-22-6263 8200
Email
ipo@bigshareonline.com
Company Contact
Email
cs@rfil.in
Phone
+91-7878352054
Address
G1-41, RIICO, Tonk Road Sitapura Industrial Area Jaipur, Rajasthan, 302022
Grey Market Premium
LIVE
Current GMP
+₹11
+17.46% vs Issue Price
Issue Price
₹63
Est. Listing
₹74
Lot Size
2,000 shares
P&L / Lot
+₹22,000
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
203.74
Overall Sub.
🔥 Hot
122.04
QIB
168.63
Retail
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 122.04× 5,48,000 6,68,78,000 ₹3.45 Cr
NII / HNI (Total) 393.63× 4,14,000 16,29,64,000 ₹2.61 Cr
Retail Investors 168.63× 9,64,000 16,25,64,000 ₹6.07 Cr
Total ** 203.74× 19,26,000 39,24,06,000 ₹12.13 Cr
Market Maker * 1,46,000 1,46,000 ₹0.92
* Based on ₹63.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
5,48,000
NII
4,14,000
Retail
9,64,000
Market Maker
1,46,000
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in ₹ Crore
Metric31 Mar 202531 Mar 202431 Mar 2023
Revenue31.2723.6028.02
PAT5.052.290.37
EBITDA7.483.791.03
Net Worth9.294.241.95
Total Assets25.3515.7411.71
Reserves9.074.021.73
Borrowings8.847.016.19
Key Financial Ratios
43.32
ROE
Return on Equity
24.39
ROCE
Return on Capital Employed
35.64
RONW
Return on Net Worth
16.99
PAT Margin
PAT / Revenue
23.49
EBITDA Mgn
EBITDA / Revenue
0.97
D/E Ratio
Debt to Equity
3.27
P/BV
Price to Book Value
6.77
Pre EPS
EPS Pre-Issue
6.61
Post EPS
EPS Post-Issue
9.31
Pre P/E
P/E Pre-Issue
9.53
Post P/E
P/E Post-Issue
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 points
  • Presence across multiple online platforms
  • In-house manufacturing facilities
  • Experienced and Visionary Promoter Leadership
Frequently Asked Questions
What is the issue price of Rajnandini Fashion India Ltd IPO?
The issue price of Rajnandini Fashion India Ltd IPO is ₹63 per share, face value ₹10.
What is the lot size?
Minimum lot size is 2,000 shares, requiring ₹126,000.
What are the IPO dates?
Opens 26 May 2026, closes 29 May 2026.
When is the listing date?
Tentative listing: 03 Jun 2026 on BSE SME.
What is the current GMP?
Current GMP is +₹11, estimated listing ₹74 (+17.46%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Rajnandini Fashion India Ltd IPO · Expected 01 Jun 2026

Check on Registrar
Post-IPO Timeline
Allotment Date
01 Jun 2026
Refund Initiation
02 Jun 2026
Demat Credit
02 Jun 2026
Listing Date
03 Jun 2026
Quick Facts
Closed
GMP Signal
Bullish
+₹11
+17.46%
Issue Price
₹63
Face ₹10
Lot Size
2,000
shares / lot
Min Amount
₹126,000
1 lot
Est. Listing
₹74
GMP +₹11
Subscription
Overall203.74×
QIB122.04×
NII393.63×
Retail168.63×
Key Dates
Open
26 May Done
Close
29 May Done
Listing
03 Jun Soon
Registrar
Bigshare Services Pvt.Ltd
A
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