Rajnandini Fashion India
· SME · BSE
Price Band
₹59–63
Lot Size
2000 shares
Issue Size
₹18 Cr
Min. Investment
₹1,26,000
Grey Market Premium
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Estimated listing price: ₹63
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About Rajnandini Fashion India
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.
Issue Objectives
- Funding of capital expenditure for setting up a new manufacturing facility
- Funding for repayment of a portion of certain borrowings availed by the Company
- Utilization towards working capital requirements
- General Corporate Purposes
- Issue expenses
Anchor Investors
Rajnandini Fashion India IPO raises ₹5.15 crore from anchor investors. Rajnandini Fashion India IPO Anchor bid date is May 25, 2026.
Reservation
| 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% |
- QIB49.8%
- − Anchor Investor0.0%
- − QIB (Ex. Anchor)0.0%
- NII (HNI)15.1%
- − bNII > ₹10L0.0%
- − sNII < ₹10L0.0%
- Retail35.1%
- Market Maker0.0%
Market Lot Size
| 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 |
Financials (₹ Cr)
Valuations
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
₹65.33 Cr.
Peers Comparison
| 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 |
Contact Details
Rajnandini Fashion India Ltd. Address
- +91-7878352054
- cs@rfil.in
- https://rfil.in/
Registrar Contact Details
Bigshare Services Pvt. Ltd.
- +91 22 6263 8200
- ipo@bigshareonline.com
- https://bigshareonline.com
- Office No. S6-2, 6th Floor, Pinnacle Business Park, Andheri East, Mumbai – 400093
Frequently Asked Questions
Key Dates
- Open Date
- 26 May 2026
- Close Date
- 29 May 2026
- Listing Date
- 03 Jun 2026
Issue Details
- Registrar
- Bigshare Services
- Lead Manager(s)
- Exchange
- BSE