Rajnandini Fashion India IPO
Rajnandini Fashion India IPO Details
-
Open Date
26 May 2026
-
Close Date
29 May 2026
- IPO Price Range
₹ 59 to ₹63
- IPO Size
₹ 18.21 Cr
Rajnandini Fashion India IPO Timeline
Rajnandini Fashion India IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 26-May-2026 | 3.51 | 2.15 | 0.46 | 1.69 |
| 27-May-2026 | 3.51 | 11.04 | 7.18 | 6.97 |
| 29-May-2026 | 122.04 | 393.63 | 168.63 | 203.74 |
Last Updated: 29 May 2026 6:48 PM by 5paisa
Rajnandini Fashion designs, manufactures and retails women’s apparel across ethnic and casual wear categories through online and offline channels. Its ethnic portfolio includes sarees, kurtis, kurta sets and dress materials, while casual wear covers tops, tunics, dresses and maternity gowns in fabrics such as cotton, rayon and silk. The company operates through B2C and B2B segments, selling under four brands – Merira, Monira, Roly Poly and Rajnandini – across varied price points.
Established in: 2010
Managing Director: Vikesh Sushil Lunawat.
Peers:
Libas Consumer Products Limited
Nandani Creation Limited
Rajnandini Fashion India Objectives
1. Funding of capital expenditure for setting up a new manufacturing facility (₹1.41 Cr)
2. Repayment of a portion of certain borrowings availed by our Company (₹5.50 Cr)
3. Utilization towards working capital requirements (₹9.00 Cr)
4. General Corporate Purpose
Rajnandini Fashion India IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹18.21 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹18.21 Cr |
Rajnandini Fashion India IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | 2,36,000 |
| Retail (Max) | 2 | 4,000 | 2,52,000 |
| S-HNI (Min) | 3 | 6,000 | 3,54,000 |
| S-HNI (Max) | 7 | 14,000 | 8,82,000 |
| B-HNI (Min) | 8 | 16,000 | 9,44,000 |
Rajnandini Fashion India IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 122.04 | 5,48,000 | 6,68,78,000 | 421.33 |
| Non-Institutional Buyers | 393.63 | 4,14,000 | 16,29,64,000 | 1,026.67 |
| BNII | 490.63 | 2,76,000 | 13,54,14,000 | 853.11 |
| SNII | 199.64 | 1,38,000 | 2,75,50,000 | 173.56 |
| Individual Investors (IND category bidding for 2 Lots) | 168.63 | 9,64,000 | 16,25,64,000 | 1,024.15 |
| Total** | 203.74 | 19,26,000 | 39,24,06,000 | 2,472.16 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 28.01 | 23.32 | 30.69 |
| EBITDA | 1.03 | 3.79 | 7.48 |
| PAT | 0.37 | 2.29 | 5.06 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 11.71 | 15.74 | 25.35 |
| Share Capital | 0.22 | 0.22 | 0.22 |
| Total Liabilities | 11.71 | 15.74 | 25.35 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | -3.70 | 0.82 | -0.62 |
| Net Cash Generated From / (used in) Investing Activities | -0.04 | -0.77 | -0.24 |
| Net Cash Generated From / (used in) Financing Activities | 3.66 | 0.03 | 0.79 |
| Net Increase (Decrease) in Cash and Cash Equivalents | -0.07 | 0.08 | -0.07 |
Strengths
1. Diverse ethnic and casual womenswear product portfolio
2. Strong presence across leading e-commerce marketplaces
3. Affordable pricing caters to broad customer segments
4. Established multi-brand strategy targeting varied consumer preferences
Weaknesses
1. Heavy dependence on third-party online sales platforms
2. Limited brand recognition compared with larger fashion players
3. Concentrated focus primarily on women’s apparel categories
4. Margins vulnerable to fluctuating raw material costs
Opportunities
1. Rising demand for affordable ethnic fashion products
2. Expansion potential through exclusive offline retail outlets
3. Growing maternity and casual wear consumer segments
4. Increasing online shopping adoption across smaller Indian cities
Threats
1. Intense competition from organised fashion retail brands
2. Changing consumer preferences impacting inventory management efficiency
3. Dependence on e-commerce platforms affecting pricing control
4. Economic slowdown may reduce discretionary consumer spending
1. Diversified women’s apparel portfolio across multiple categories
2. Strong online distribution through leading e-commerce platforms
3. Affordable pricing supports wider customer market reach
4. IPO proceeds aimed towards expansion and debt reduction
India’s women’s apparel market continues to witness strong growth, driven by rising disposable incomes, increasing fashion awareness and expanding online retail penetration. Demand for affordable ethnic and casual wear remains robust across urban and semi-urban regions. Rajnandini Fashion is well positioned to benefit from these trends through its diversified product portfolio, multi-brand presence and growing e-commerce reach. The company’s focus on value-driven products and scalable operations may support long-term business expansion and market penetration.
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FAQs
Rajnandini Fashion India IPO opens from May 26, 2026 to May 29, 2026.
The size of Rajnandini Fashion India IPO is ₹18.21 Cr.
The price band of Rajnandini Fashion India IPO is fixed at ₹59 to ₹63 per share.
To apply for Rajnandini Fashion India IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Rajnandini Fashion India. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Rajnandini Fashion India IPO is of 4,000 shares and the investment required is ₹2,36,000.
The share allotment date of Rajnandini Fashion India IPO is June 1,2026
The Rajnandini Fashion India IPO will likely be listed on June 3, 2026.
Seren Capital Pvt.Ltd is the book running lead managers for Rajnandini Fashion India IPO.
Rajnandini Fashion India IPO plans to utilise the raised capital from the IPO for:
1. Funding of capital expenditure for setting up a new manufacturing facility (₹1.41 Cr)
2. Repayment of a portion of certain borrowings availed by our Company (₹5.50 Cr)
3. Utilization towards working capital requirements (₹9.00 Cr)
4. General Corporate Purpose