SME
IPO ·
BSE SME
Rajnandini Fashion India Ltd
Listed
Incorporated in 2010, Rajnandini Fashion designs, manufactures, and sells women’s apparel across ethnic and casual wear categories through both online and offline channels.
Issue details
Price band
₹59 – ₹63
Face value
₹10
Lot size
2,000 shares
Minimum investment
₹2,52,000
Issue size
₹18.21 Cr
Fresh issue
₹17.29 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
26 May 2026
Closes
29 May 2026
UPI mandate cut-off
5:00 PM on 29 May 2026
Allotment
1 Jun 2026
Refunds
2 Jun 2026
Shares in demat
2 Jun 2026
Listing
3 Jun 2026
Subscription and listing
Subscription
143.00x
Listing price
₹63
Registrar
Bigshare Services Pvt Ltd
Lead manager
Seren Capital
Subscription by category
Total
143.00x
Total applications
53,056
Anchor investors
Amount raised
₹5.15 Cr
Bid date
25 May 2026
50% lock-in ends
30 Jun 2026
Rest lock-in ends
29 Aug 2026
Listing day
Issue price
₹63
Open
₹63.00
High
₹64.00
Low
₹60.00
Day close
₹60.57
Listing gain at open
0.00%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
13,66,000
47.27%
Anchor Investor Shares Offered
8,18,000
28.30%
QIB (Ex. Anchor) Shares Offered
5,48,000
18.96%
NII Shares Offered
4,14,000
14.33%
bNII > ₹10L
2,76,000
9.55%
sNII < ₹10L
1,38,000
4.78%
Retail Shares Offered
9,64,000
33.36%
Market Maker Shares Offered
1,46,000
5.05%
Total Shares Offered
28,90,000
100.00%
Finaccle’s quick read
Apply
FY25 income up 32%, PAT up 121%, ROE 43.32%, D/E 0.97, post-issue P/E 9.53x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
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: B2C (Business-to-Consumer): Direct sales through the co.website and major e-commerce platforms like Amazon, Flipkart, Myntra, Ajio, Nykaa, and others. The company processed 22,90,998 in December 2025.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
43.32%
ROCE
24.39%
Debt / equity
0.97
PAT margin
16.99%
P/E post issue
9.53
Market cap
₹65.33 Cr
Use of IPO money
Funding of capital expenditure for setting up a new manufacturing facility
₹1.35 Cr
Funding for repayment of a portion of certain borrowings availed by the Company
₹5.50 Cr
Utilization towards working capital requirements
₹7.00 Cr
General Corporate Purposes
₹1.28 Cr
Issue expenses
₹3.07 Cr
Strengths
✓
Revenue up 32% in FY25 to ₹31.27 Cr
✓
PAT up 121% in FY25 to ₹5.06 Cr
✓
PAT margin of 16.99%
✓
ROE of 43.32% and ROCE of 24.39%
✓
Moderate leverage: debt to equity 0.97
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.