Rajnandini Fashion India IPO
Rajnandini Fashion India IPO
Overview
Rajnandini Fashion India IPO is a book build issue of ₹18.21 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹18.21 crore. Rajnandini Fashion India IPO opens for subscription on May 26, 2026 and closes on May 29, 2026. The allotment for the Rajnandini Fashion India IPO is expected to be finalized on Jun 1, 2026. Rajnandini Fashion India IPO will list on the BSE SME with a tentative listing date fixed as Jun 3, 2026. Rajnandini Fashion India IPO is set issue price band at ₹59 to ₹63 per share. The lot size for an application is 2,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,52,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,78,000. Seren Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd.
Total Shares
28,90,000
Issue Size
₹18 Cr
Price Band
₹59 – ₹63
Lot Size
2000 shares
Min. Investment
₹2,52,000
Max. Investment
₹2,52,000
Open Date
26 May, 2026
Close Date
29 May, 2026
Allotment
01 Jun, 2026
Listing
03 Jun, 2026
Max. Investment
₹2,52,000
Announced
26 May, 2026
Opening Date
26 May, 2026
Closing Date
29 May, 2026
Basis of Allotment
01 Jun, 2026
Initiation of Refunds
02 Jun, 2026
Credit of Shares
02 Jun, 2026
Listing Date
03 Jun, 2026
Live GMP
Est. Listing: ₹68
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About Rajnandini Fashion India IPO
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, while casual 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:</
Rajnandini Fashion India IPO Share Price
Issue Breakdown
Shareholding
Dilution: 38.6% increase in shares
Rajnandini Fashion India IPO Financial Health
Rajnandini Fashion India IPO Lot Size
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4000 | ₹2,52,000 |
| Individual investors (Retail) (Max) | 2 | 4000 | ₹2,52,000 |
| S-HNI (Min) | 3 | 6000 | ₹3,78,000 |
| S-HNI (Max) | 7 | 14000 | ₹8,82,000 |
| B-HNI (Min) | 8 | 16000 | ₹10,08,000 |
(All values in CR)
Rajnandini Fashion India IPO Valuations
| Metric | Value |
|---|---|
| ROE | 43.32 |
| ROCE | 24.39 |
| Debt/Equity | 0.97 |
| RoNW | 35.64 |
| PAT Margin | 16.99 |
| EBITDA Margin | 23.49 |
| Price to Book Value | 3.27 |
(All values in CR)
Rajnandini Fashion India IPO Strength & Risk
Rajnandini Fashion India IPO Strength
- Strong presence in women’s ethnic and casual wear market
- Growing demand for online fashion and ethnic apparel in India
- Multi-channel business model with B2B and B2C operations
- Products listed on major e-commerce platforms like Amazon, Myntra, Flipkart, and Ajio
- Reasonable IPO valuation compared to some listed peers
- Healthy financial performance with strong ROE and ROCE
- IPO proceeds planned for expansion, working capital, and business growth
- Positive grey market premium indicating healthy investor sentiment
- Asset-light business model supports scalability
- Exposure to fast-growing organized fashion retail segment
Rajnandini Fashion India IPO Risk
- SME IPOs generally carry higher volatility and lower liquidity
- Fashion and apparel industry faces intense competition
- Heavy dependence on e-commerce platforms for sales
- Any policy or commission changes by marketplaces can impact margins
- Small issue size may limit institutional participation
- Part of IPO proceeds being used for debt repayment
- Business performance may be affected by changing fashion trends
- Profit margins can fluctuate due to raw material cost changes
- SME stocks often witness sharp price swings after listing
- Grey market premium is unofficial and can change quickly
Rajnandini Fashion India IPO GMP
Rajnandini Fashion India SME IPO last GMP is ₹4.5, last updated May 25th 2026 04:35 PM. With the price band of 63.00, Rajnandini Fashion India SME IPO's estimated listing price is ₹67.5 (cap price + today's GMP).The expected percentage gain/loss per share is 7.14%. >> Rajnandini Fashion India SME IPO Retail Subject to Sauda: ₹6800 The lowest GMP is ₹4.50, while the highest GMP is ₹8.00.
Last updated 25 May, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 25 May, 2026 | 63 | ₹4.5▼ | - | ₹67.5 (7.14%) | 9000 | 25 May, 2026 |
| 24 May, 2026 | 63 | ₹6 | - | ₹69 (9.52%) | 12000 | 24 May, 2026 |
| 23 May, 2026 | 63 | ₹6▼ | - | ₹69 (9.52%) | 12000 | 23 May, 2026 |
| 22 May, 2026 | 63 | ₹8 | - | ₹71 (12.70%) | 16000 | 22 May, 2026 |
| 21 May, 2026 | 63 | ₹8 | - | ₹71 (12.70%) | 16000 | 21 May, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Rajnandini Fashion India IPO
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