Rajnandini Fashion India SME IPO
Rajnandini Fashion India IPO — date, price band, lot size & details 2026
Rajnandini Fashion India listed on 3 Jun 2026 at ₹63, flat to the ₹63 issue price.
Founded in 2010, Rajnandini Fashion India is engaged in the designing, manufacturing and marketing of women’s apparel products. The company mainly focuses on ethnic wear, western wear, maternity wear and fashion accessories under its own brands. It operates through both online and offline channels, with a strong presence on leading e-commerce platforms across India. Rajnandini Fashion India has expanded its operations through in-house manufacturing facilities and a growing distribution network.
Stock price
Rajnandini Fashion India is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 17 October.
- Open 26 May 2026
- Close 29 May 2026
- Allotment 01 Jun 2026
- Refund/credit 02 Jun 2026
- Listing 03 Jun 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 26 to 29 May, 2026 |
|---|---|
| Price Band | ₹59 – ₹63 |
| Face Value | ₹10 |
| Lot Size | 2000 Shares |
| Issue Size | ₹18 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE SME |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 2,52,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 2000 shares at the ₹63 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 4,000 | ₹2,52,000 |
| Retail (max) | 2 | 4,000 | ₹2,52,000 |
| HNI (min) | 3 | 6,000 | ₹3,78,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Strong presence across major e-commerce platforms like Amazon, Flipkart, Myntra and Ajio.
- 02Diverse women’s apparel portfolio covering ethnic, casual and maternity wear categories.
- 03Recently added in-house manufacturing units in Surat and Jaipur, improving production control.
- 04Operates in both B2B and B2C segments, helping diversify revenue streams.
- 05Revenue and profit growth remained strong in FY25 with improving scale of operations.
Risks · 5
- 01Business is highly dependent on changing fashion trends and customer preferences.
- 02Heavy reliance on third-party online marketplaces may impact margins and visibility.
- 03Limited experience in large-scale manufacturing as the company earlier focused mainly on trading.
- 04Apparel business is working-capital intensive due to inventory and receivables pressure.
- 05High competition in value-fashion and women’s apparel segment can pressure pricing and profitability.
Three years of numbers
All figures in ₹ crore, as reported in the Rajnandini Fashion India offer document.
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 35.80 | 25.35 | 15.74 | 11.71 |
| Total Income | 31.22 | 31.27 | 23.60 | 28.02 |
| Profit After Tax | 5.14 | 5.06 | 2.29 | 0.37 |
| EBITDA | 7.11 | 7.48 | 3.79 | 1.03 |
| NET Worth | 14.42 | 9.31 | 4.24 | 1.95 |
| Reserves and Surplus | 6.94 | 9.09 | 4.02 | 1.73 |
| Total Borrowing | 13.96 | 8.84 | 7.01 | 6.19 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Rajnandini Fashion India RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Rajnandini Fashion India IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹6.61 |
| P/E Ratio (x) | 9.53 |
| Market Cap at Offer Price (₹ Cr) | ₹48.99 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹63 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹27.70 Cr of the issue is earmarked to named objects.
About the company
The company offers a wide range of products including kurtis, sarees, gowns, maternity wear, co-ord sets and fashion accessories. Rajnandini Fashion India follows a business model that combines in-house manufacturing with outsourcing to maintain flexibility and cost efficiency. Its products are sold through major e-commerce platforms as well as wholesale and retail channels. The company has also expanded its manufacturing capabilities in Surat and Jaipur to improve quality control, faster delivery and better inventory management.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91-7878352054
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Seren Capital Pvt. Ltd.
5 issues handledBest listing: Roopa Screen (+90.0%). Weakest: Msafe Equipments (+17.1%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Rajnandini Fashion India?
The current Grey Market Premium is ₹7, or 11% over the issue price.
What is the Rajnandini Fashion India IPO price band?
₹59 to ₹63, on a face value of ₹10.
When is the allotment?
The basis of allotment is 1 June 2026, with listing on 3 June 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
