Rajnandini Fashion IPO Description – Incorporated in 2010, Rajnandini Fashion is engaged in the design, manufacturing, and sale of women’s apparel across ethnic, casual, and fusion wear categories, serving customers through both B2C and B2B channels. Its product portfolio spans unstitched dress materials, sarees, kurtis, kurta sets, tops, tunics, co-ord sets, dresses, plus-size garments, and maternity wear, manufactured using poly-cotton, rayon, silk, cotton, and blended fabrics. The Company markets its offerings under four in-house brands – Merira, Monira, Roly Poly, and Rajnandini.
In the B2C segment, it sells through leading e-commerce platforms, including Amazon, Flipkart, Myntra, Ajio, Limeroad, Nykaa, Shopsy, and its own website. It processed 2,78,046 orders in FY 2024-25. In the B2B segment, it caters to wholesalers, retailers, and garment processors, generating INR 11.70 crore in FY 2024-25. The company established in-house manufacturing facilities in Surat and Jaipur in 2023 and 2024, equipped with 140+ industrial sewing machines and a combined capacity of ~2,729 garments per day (71,014 monthly). As of 31 August 2025, Rajnandini Fashion has 207 permanent employees.
Promoters of Rajnandini Fashion – Vikesh Sushil Lunawat, Sushil Kumar Lunawat and Priyanka Chopra.
Table of Contents
Rajnandini Fashion IPO Details
| Rajnandini Fashion IPO Dates | 26 – 29 May 2026 |
| Rajnandini Fashion Issue Price | INR 59 – 63 per share |
| Fresh Issue | 28,90,000 shares (INR 17.05 – 18.21 crore) |
| Offer For Sale | Nil |
| Total IPO Size | 28,90,000 shares (INR 17.05 – 18.21 crore) |
| Minimum Bid | 4,000 shares (INR 2,52,000) |
| Lot Size | 2,000 shares (INR 1,26,000) |
| Face Value | INR 10 per share |
| Individual Allocation | 35% |
| Listing On | BSE SME |
Rajnandini Fashion Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 28.01 | 23.32 | 30.69 |
| Expenses | 27.51 | 20.53 | 24.48 |
| Net income | 0.37 | 2.29 | 5.05 |
Rajnandini Fashion Offer News
Rajnandini Fashion Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 0.99 | 3.06 | 6.75 |
| PE ratio | – | – | 8.74 – 9.33 |
| RONW (%) | 19.18 | 53.97 | 54.33 |
| NAV | 5.17 | 5.67 | 12.42 |
| ROCE (%) | 12.42 | 34.27 | 43.22 |
| EBITDA (%) | 3.67 | 16.24 | 24.38 |
| Debt/Equity | 3.17 | 1.65 | 0.95 |
Rajnandini Fashion IPO GMP Today
Rajnandini Fashion IPO Subscription – Live Updates
Coming soon
The market maker reservation portion of 1,46,000 shares and the anchor investor portion of () shares are not included in the above calculations.
Rajnandini Fashion IPO Allotment Status
Rajnandini Fashion IPO allotment status will be available on the Bigshare Services’ website. Click on this link to get the allotment status.
Rajnandini Fashion IPO Dates & Listing Performance
| IPO Opening Date | 26 May 2026 |
| IPO Closing Date | 29 May 2026 |
| Finalization of Basis of Allotment | 1 June 2026 |
| Initiation of refunds | 2 June 2026 |
| Transfer of shares to demat accounts | 2 June 2026 |
| IPO Listing Date | 3 June 2026 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Rajnandini Fashion Offer Lead Manager
SEREN CAPITAL PRIVATE LIMITED
Office no. 601 to 605, Raylon Arcade,
Kondivita, J.B. Nagar, Mumbai – 400059
Phone: +91-22-46011058
Email: [email protected]
Website: www.serencapital.in
Rajnandini Fashion Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Pinnacle Business Park, Office no S6-2 ,
6th floor, Mahakali Caves Road , Next
to Ahura Centre, Andheri East Mumbai, 400093
Tel: 022 – 6263 8200
E-mail: [email protected]
Website: www.bigshareonline.com
RAJNANDINI FASHION INDIA LIMITED
Block Numbers 265, 266 and 267, 7th Floor,
Shop Nos. 7010, 7011, 7012, 7013, 7013-A,
7014, 7015, 7016, 7017 and 7018, Shree
Kuberji Textile Deck, Kadodara Road, Kumbhariya
Gam, Saroli, Taluka: Choryasi, District Surat, – 395010
Phone: +91-7878352054
E-mail: [email protected]
Website: www.rfil.in
IPO FAQs
What is the Rajnandini Fashion offer size?
Rajnandini Fashion offer size is INR 17.05 – 18.21 crores.
What is the Rajnandini Fashion offer price band?
Rajnandini Fashion public offer price is INR 59 – 63 per share.
What is the lot size of the Rajnandini Fashion IPO?
Rajnandini Fashion offer lot size is 2,000 shares.
What is the Rajnandini Fashion IPO GMP today?
Rajnandini Fashion IPO GMP today is INR 0 per share.
What is the Rajnandini Fashion IPO Subject to Sauda rate today?
Rajnandini Fashion Subject to Sauda rate today is INR 0 per application.
Mahesh Yadav is a prolific writer with over a decade of professional experience. A person of wide interests, he found his true calling in the field of investing and specifically the stock market. He has an amazing skill of presenting the most complex financial concepts (and there is no shortage of complexity in investing) in simple language and terms.
