· SME · BSE
Price Band
₹59–63
Lot Size
2000 shares
Issue Size
₹18 Cr
Min. Investment
₹1,26,000
Indicative, updates through the day
Cap price plus current GMP: ₹63 — arithmetic, not a forecast
Subscription data will appear once bidding opens.
Rajnandini Fashion India IPO is an SME issue that listed on BSE on 3 June 2026. The issue price band is fixed at ₹59–₹63 per equity share with a minimum market lot size of 2000 shares, bringing the total issue size to ₹18 Cr. At the upper price band, the minimum retail application requires one lot amounting to ₹1,26,000.
No meaningful grey market premium is actively quoted for Rajnandini Fashion India IPO at this stage. For an SME issue at this point in the timeline, this is standard until anchor book allocations and institutional bids build volume. A missing premium is not negative sentiment; it reflects lower off-market liquidity. Read our complete guide to IPO GMP mechanics.
The minimum investment for retail investors is one lot of 2000 shares (approx. ₹1,26,000 at the cut-off price). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is Bigshare Services Pvt. Ltd., with the basis of allotment finalised on 1 June 2026 and listing completed on 3 June 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
Issue Price
₹63
Listed At
₹63
Current Price
₹60.57
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. Its products are sold under four brands – Merira, Monira, Roly Poly, and Rajnandini, catering to different price segments. Product prices generally range between ₹250 and ₹2,000, depending on the category. The company set up first manufacturing unit in Surat in 2023 and expanded to Jaipur in 2024. The Surat unit has 90 sewing machines, and the Jaipur unit has 50. As of April 30, 2026, the company had a total workforce of 146 permanent employees.
Rajnandini Fashion India IPO raises ₹5.15 crore from anchor investors. Rajnandini Fashion India IPO Anchor bid date is May 25, 2026.
| Category | Shares Offered | % |
|---|---|---|
| QIB | 13,66,000 | 49.78% |
| − Anchor Investor | 8,18,000 | 0% |
| − QIB (Ex. Anchor) | 5,48,000 | 0% |
| NII (HNI) | 4,14,000 | 15.09% |
| − bNII > ₹10L | 2,76,000 | 0% |
| − sNII < ₹10L | 1,38,000 | 0% |
| Retail | 9,64,000 | 35.13% |
| Market Maker | 1,46,000 | 0% |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 4000 | ₹2,52,000 |
| Individual investors (IND) (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 |
EPS (Pre IPO)
6.77
EPS (Post IPO)
6.61
ROE
35.64%
P/E (Pre IPO)
9.31
P/E (Post IPO)
9.53
Price / Book
3.27
Market Cap
₹47Cr.
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| Kiaasa Retail Ltd. | 19.31 | ₹69.74 Cr | |
| Fractal Industries Ltd. | 15.99 | ₹49.00 Cr | |
| Vashishtha Luxury Fashion Ltd. | 12.14 | ₹8.87 Cr | |
| Kaytex Fabrics Ltd. | 12.25 | ₹69.81 Cr | |
| N R Vandana Tex Industries Ltd. | 8.95 | ₹27.89 Cr |
Rajnandini Fashion India Ltd. Address
Bigshare Services Pvt. Ltd.