Rajnandini Fashion
03 Jun '26SME
Min. Investment
₹2,36,000
Issue size
₹18.21 Cr
GMP
Locked
Overall subscription: 1.43x
Expert verdict
IPO dates
26 May
Opening
29 May
Closing
01 Jun
Allotment
03 Jun
Listing
*Refunds will be initiated on 02 Jun '26
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4000 | ₹2,52,000 |
Subscription (as on 26 May 2026, 01:30 PM)
Overall1.43x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 2010|MD: Mr Vikesh Lunawat
- Rajnandini Fashion India is engaged in the design, manufacturing, and sale of women’s apparel across ethnic wear and casual wear categories through online and offline channels. Its product portfolio includes unstitched dress materials, sarees, kurtis, kurta sets, tops, tunics, maternity gowns, dresses, co-ord sets, and plus-size apparel made using fabrics such as cotton, rayon, silk, and poly-cotton.
- The company operates through both business-to-consumer (B2C) and business-to-business (B2B) segments. Under the B2C segment, products are sold through its own website and e-commerce platforms such as Amazon, Flipkart, Myntra, Ajio, LimeRoad, and Nykaa. In the B2B segment, the company supplies fabrics and ready-to-wear garments to wholesalers, retailers, and garment processors.
- Rajnandini Fashion India operates manufacturing facilities at Surat and Jaipur, with in-house apparel production supported by sewing, cutting, stitching, quality checking, packaging, and dispatch operations.
- Use of proceeds:
- The net proceeds from the fresh issue will be utilised for the following purposes:
- Capital expenditure for setting up a new manufacturing facility — Rs 1.41 crore
- Repayment of a portion of certain borrowings availed by the company — Rs 5.50 crore
- Working capital requirements — Rs 9 crore
- General corporate purposes
Issue Details & Objective
Lot size
2000 Shares
Price band
₹59 to 63
Face value
₹10 per share
Financials
IPO reservation
Anchor investor - 28.3%
QIB - 18.96%
HNI - 14.33%
Retail - 33.36%
Download DRHP (IPO Doc)FAQs
Should I apply for the Rajnandini Fashion IPO?
Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
What is the issue size of Rajnandini Fashion IPO?
The issue size of Rajnandini Fashion IPO is ₹18.21 Cr
What are the open and close dates for Rajnandini Fashion IPO?
The Rajnandini Fashion IPO will be open for applications from 26 May '26 to 29 May '26
What is the lot size and minimum order quantity of Rajnandini Fashion IPO?
The lot size of Rajnandini Fashion IPO is 2000 Shares and its minimum investment amount is ₹2,36,000.
What is the GMP value of Rajnandini Fashion IPO?
Grey market premium (GMP) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. The GMP for Rajnandini Fashion IPO is 9.5
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