Table of Contents
- Rajnandini Fashion IPO Details
- Rajnandini Fashion IPO Market Lot
- IPO Reservation
- Rajnandini Fashion IPO Dates
- Promoters and Holding Pattern
- Objects of the Issue & Utilisation of proceeds
- About Rajnandini Fashion IPO
- Rajnandini Fashion IPO Company Financial Report
- Rajnandini Fashion IPO Valuation – FY2025
- Peer Group Comparison
- IPO Lead Managers aka Merchant Bankers
- Company Address
- IPO Registrar
- Rajnandini Fashion IPO FAQs
The Rajnandini Fashion IPO will open for subscription on May 26, 2026, and close on May 29, 2026. It is a Book Built Issue through which the company aims to raise approximately ₹18.21 crore. The IPO consists entirely of a fresh issue worth ₹18.21 crore, while the offer for sale (OFS) portion details are yet to be disclosed. Each equity share has a face value of ₹10.
The price band for the Rajnandini Fashion IPO has been fixed at ₹59 to ₹63 per share. The issue allocation includes 50% reserved for Qualified Institutional Buyers (QIBs), 15% for High Net-worth Individuals (HNIs), and 35% for retail investors.
The shares of Rajnandini Fashion are proposed to be listed on the BSE SME platform on June 3, 2026. The IPO allotment is expected to be finalized on June 1, 2026.
On the financial front, the company has delivered steady growth in both revenue and profitability. Rajnandini Fashion reported revenue of ₹31.27 crore in FY2025 compared to ₹23.60 crore in FY2024. The company’s net profit increased to ₹5.05 crore in FY2025 from ₹2.29 crore in FY2024.
Considering the company’s improving financial performance and profit growth, the IPO may be suitable for investors looking at long-term investment opportunities.
Rajnandini Fashion IPO Details
| IPO Open Date | May 26, 2026 |
| IPO Close Date | May 29, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹59 to ₹63 Per Share |
| Issue Size | Approx ₹18.21 Crores, 28,90,000 Equity Shares |
| Fresh Issue | Approx ₹18.21 Crores, 28,90,000 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE SME |
Rajnandini Fashion IPO Market Lot
The Rajnandini Fashion IPO minimum market lot is 4,000 shares with ₹2,52,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 4,000 | ₹2,52,000 |
| Retail Maximum | 2 | 4,000 | ₹2,52,000 |
| S-HNI Minimum | 3 | 6,000 | ₹3,78,000 |
| S-HNI Maximum | 7 | 14,000 | ₹8,82,000 |
| B-HNI Minimum | 8 | 16,000 | ₹10,08,000 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | 13,66,000 Shares | 47.27% |
| NII Shares Offered | 4,14,000 Shares | 14.33% |
| Retail Shares Offered | 9,64,000 Shares | 33.36% |
Rajnandini Fashion IPO Dates
The Rajnandini Fashion IPO date is May 26, and the close date is May 29. The Rajnandini Fashion IPO allotment will be finalized on June 1, and the IPO listing on June 3.
| IPO Open Date: | May 26, 2026 |
| IPO Close Date: | May 29, 2026 |
| Basis of Allotment: | June 1, 2026 |
| Refunds: | June 2, 2026 |
| Credit to Demat Account: | June 2, 2026 |
| IPO Listing Date: | June 3, 2026 |
| IPO Bidding Cut-off Time: | May 29, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Vikesh Sushil Lunawat, Sushil Kumar Lunawat and Priyanka Chopra.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 74,80,000 | 100% |
| Promoter Holding Post Issue | 1,03,70,000 | 72.13% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Funding of capital expenditure for setting up a new manufacturing facility | ₹1.41 |
| Repayment of a portion of certain borrowings availed by our Company | ₹5.50 |
| Utilization towards working capital requirements | ₹9.00 |
| General Corporate Purpose | ₹- |
About Rajnandini Fashion IPO
Rajnandini Fashion Designs, established in 2010, is engaged in the manufacturing and distribution of women’s apparel and fashion products through both online and offline sales channels. The company primarily focuses on ethnic wear and casual wear for women.
Its ethnic wear portfolio includes sarees, kurtis, kurta sets, and unstitched dress materials, while the casual wear segment consists of tops, tunics, dresses, and maternity gowns. The company uses a variety of fabrics such as cotton, rayon, silk, and poly-cotton to cater to different customer preferences.
Rajnandini Fashion operates through both B2C and B2B business models. Under the B2C segment, the company sells products through its own platform as well as major e-commerce marketplaces including Amazon, Flipkart, Myntra, Ajio, and Nykaa. In the B2B segment, the company supplies fabrics and garments to wholesalers and retailers across India.
The company markets its products under four brands — Merira, Monira, Roly Poly, and Rajnandini — helping it target different categories within the women’s fashion segment.
Rajnandini Fashion IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹28.02 | ₹27.51 | ₹0.37 | ₹11.71 |
| 2024 | ₹23.60 | ₹20.53 | ₹2.29 | ₹15.74 |
| 2025 | ₹31.27 | ₹24.48 | ₹5.05 | ₹25.35 |
Rajnandini Fashion IPO Valuation – FY2025
Check Rajnandini Fashion IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 74.59% |
| ROCE: | 43.22% |
| EBITDA Margin: | 24.38% |
| PAT Margin: | 16.45% |
| Debt to equity ratio: | [.] |
| Earning Per Share (EPS): | ₹6.75 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 54.33% |
| Net Asset Value (NAV): | ₹12.42 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Nandani Creation Limited | 2.41 | 15.91 | 7.10 | 33.99 | 69.64 Cr. |
| Libas Consumer Products Limited | 1.23 | 11.11 | 3.24 | 31.02 | 91.91 Cr. |
IPO Lead Managers aka Merchant Bankers
- Seren Capital Pvt.Ltd.
Company Address
Rajnandini Fashion India Ltd.
G1-41, RIICO,
Tonk Road
Sitapura Industrial Area
Jaipur, Rajasthan, 302022
IPO Registrar
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Rajnandini Fashion IPO FAQs
What is Rajnandini Fashion IPO?
Rajnandini Fashion IPO is SME IPO. The company is going to raise ₹18.21 Crores via IPO. The issue is priced at ₹59 to ₹63 per equity share. The IPO is to be listed on BSE SME.
When Rajnandini Fashion IPO will open for subscription?
The IPO is to open on May 26, 2026 for QIB, NII, and Retail Investors. The IPO will close on May 29, 2026.
What is Rajnandini Fashion IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Rajnandini Fashion IPO?
You can apply via your stock brokers by filling up the online form.
What is Rajnandini Fashion IPO Issue Size?
Rajnandini Fashion IPO issue size is ₹18.21 crores.
What is Rajnandini Fashion IPO Price Band?
Rajnandini Fashion IPO Price Band is ₹59 to ₹63
What is Rajnandini Fashion IPO Lot Size?
The minimum bid is 4,000 Shares with ₹2,52,000 amount.
What is the Rajnandini Fashion IPO Allotment Date?
Rajnandini Fashion IPO allotment date is June 1, 2026.
What is the Rajnandini Fashion IPO Listing Date?
Rajnandini Fashion IPO listing date is June 3, 2026. The IPO is to list on BSE SME.
Note: The Rajnandini Fashion IPO price band and date are officially announced.