How to Check Rajnandini Fashion India IPO Allotment Status

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 the 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, with product prices generally ranging between ₹250 and ₹2,000 depending on the category.

The company operates in two segments: B2C (direct sales through its website and major e-commerce platforms like Amazon, Flipkart, Myntra, Ajio, and Nykaa) and B2B (supply of fabrics and ready-made garments to wholesalers, retailers, and garment processors). The company set up its 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 is a book build issue of ₹18.21 crore, entirely comprising a fresh issue of 0.29 crore shares aggregating to ₹18.21 crore. The IPO opened on May 26, 2026, and closed on May 29, 2026. The allotment is expected on Monday, June 1, 2026. The share price band was set at ₹59 to ₹63 per share.

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Steps to Check Rajnandini Fashion India IPO Allotment Status on Registrar Site

• Visit the Bigshare Services Pvt. Ltd.
• Select "Rajnandini Fashion India" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Rajnandini Fashion India IPO Allotment Status on BSE

• Navigate to the BSE SME IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Rajnandini Fashion India " from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Rajnandini Fashion India IPO subscribed 202.99 times overall. Here is the category-wise breakdown as of 4:44:43 PM on May 29, 2026:

Rajnandini Fashion India IPO Subscription Status

• QIB Category (Ex Anchor): 122.04 times
• Non-Institutional Investors (NII): 393.24 times
• Individual Investors: 167.31 times

Rajnandini Fashion India IPO Share Price and Investment Details

The minimum investment required was ₹2,52,000 for 2 lots (4,000 shares) for individual investors. The issue raised ₹5.15 crore from anchor investors. The issue includes a reservation of up to 1,46,000 shares for the market maker, Giriraj Stock Broking Pvt. Ltd. The anchor investor lock-in period ends on July 1, 2026 for 50% of shares (30 days) and August 30, 2026 for the remaining shares (90 days). Given the overall subscription of 202.99 times with exceptional institutional interest at 122.04 times, robust NII participation at 393.24 times, and strong individual investor subscription at 167.31 times, the share price listing expectations remain highly positive.

Utilisation of IPO Proceeds

The proceeds will be utilised for funding capital expenditure for setting up a new manufacturing facility (₹1.35 crore), repayment of a portion of certain borrowings availed by the Company (₹5.50 crore), working capital requirements (₹7.00 crore), and general corporate purposes.

Business Overview

Rajnandini Fashion India Limited is engaged in the business of design, manufacturing, and marketing of ethnic and casual women's apparel. It operates on B2B as well as B2C segments with two manufacturing units. The company posted inconsistency in its top lines between FY23 and FY25. The sudden spurt in bottom lines raises eyebrows as well as concern over sustainability, as it is operating in a highly competitive and fragmented segment.

The company demonstrated financial performance with total income of ₹31.27 crore for FY2025 and a net worth of ₹14.42 crore as of December 31, 2025. The company benefits from a wide range of products across multiple price points, presence across multiple online platforms, in-house manufacturing facilities, and experienced and visionary promoter leadership. However, investors should note the post-issue P/E ratio of 9.53 and Price to Book Value of 3.27.

Check the latest IPO allotment status to stay informed.