Rajnandini Fashion IPO Details
| IPO Open Date | May 26, 2026 |
| IPO Close Date | May 29, 2026 |
| Face Value | ā¹10 Per Equity Share |
| IPO Price Band | ā¹59 to ā¹63 Per Share |
| Issue Size | Approx ā¹18.21 Crores, 28,90,000 Equity Shares |
| Fresh Issue | Approx ā¹18.21 Crores, 28,90,000 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Rajnandini Fashion IPO Review & Key Points
- Review: Neutral
Rajnandini Fashion IPO Market Lot
The Rajnandini Fashion IPO minimum market lot is 4,000 shares with ā¹2,52,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 4,000 | ā¹2,52,000 |
| Retail Maximum | 2 | 4,000 | ā¹2,52,000 |
| S-HNI Minimum | 3 | 6,000 | ā¹3,78,000 |
| S-HNI Maximum | 7 | 14,000 | ā¹8,82,000 |
| B-HNI Minimum | 8 | 16,000 | ā¹10,08,000 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 8,18,000 Shares | 28.30% |
| QIB (Ex. Anchor) | 5,48,000 Shares | 18.96% |
| NII Shares Offered | 4,14,000 Shares | 14.33% |
| Retail Shares Offered | 9,64,000 Shares | 33.36% |
Rajnandini Fashion IPO Anchor Investors
| Anchor Bidding Date | May 25, 2026 |
| Anchor Investors List | |
| Shares Offered | 8,18,000 Shares |
| Anchor Size | 5.15 Cr. |
| lock-in period end date 50% shares (30 Days) | July 1, 2026 |
| lock-in period end date 50% shares (90 Days) | August 30, 2026 |
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 | 97.19% |
| Promoter Holding Post Issue | 1,03,70,000 | -% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Funding of capital expenditure for setting up a new manufacturing facility | ā¹1.35 |
| Repayment of a portion of certain borrowings availed by our Company | ā¹5.50 |
| Utilization towards working capital requirements | ā¹7.00 |
| General Corporate Purpose | ā¹- |
About Rajnandini Fashion IPO
Rajnandini Fashion Designs, founded in 2010, is involved in the manufacturing and selling of womenās clothes and fashion products via online and offline channels. The firm mainly focuses on the sale of ethnic and casual wear under the womenās category. In the Ethnic range, they sell sarees, kurtis, kurta sets, and unstitched dress materials, and under casual wear, they sell tops, tunics, dresses, and maternity gowns using various materials such as cotton, rayon, silk, and poly-cotton.
The company runs its business under the B2C model, where they sell its products via its own and 3rd party website like Amazon, Flipkart, Myntra, Ajio, Nykaa, and others, and the B2B model, where they supply the fabrics and garments to wholesalers and retailers. Moreover, its products are sold under 4 brands, including Merira, Monira, Roly Poly, and Rajnandini.
Rajnandini Fashion IPO Company Financial Report
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ā¹28.02 | ā¹27.51 | ā¹0.37 | ā¹11.71 |
| 2024 | ā¹23.60 | ā¹20.53 | ā¹2.29 | ā¹15.74 |
| 2025 | ā¹31.27 | ā¹24.48 | ā¹5.05 | ā¹25.35 |
| Dec 2025 | ā¹31.22 | ā¹24.24 | ā¹5.14 | ā¹35.80 |
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: | 74.74% |
| ROCE: | 40.00% |
| EBITDA Margin: | 24.38% |
| PAT Margin: | 16.50% |
| Debt to equity ratio: | [.] |
| Earning Per Share (EPS): | ā¹6.77 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 54.41% |
| Net Asset Value (NAV): | ā¹12.44 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Nandani Creation Limited | 2.41 | 12.33 | 7.10 | 33.99 | 69.64 Cr. |
| Libas Consumer Products Limited | 1.23 | 9.99 | 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
Phone: +91-7878352054
Email: [email protected]
Website: https://rfil.in/
IPO Registrar
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/IPO_Status.html
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Note: The Rajnandini Fashion IPO price band and date are officially announced. The (Rajnandini Fashion IPO grey market premium) will be added to the IPO GMP page as it will start).
