Rajnandini Fashion IPO opened on May 26, 2026 and closed on May 29, 2026. It is a Book Building Issue through which the company plans to raise approximately ₹18.21 crores via a fresh issue of 28.90 lakh equity shares. The company operates in the women’s apparel segment and focuses on ethnic wear, casual wear, and fashion products sold through online and offline channels.
The IPO price band is fixed at ₹59 to ₹63 per share. The issue is scheduled to list on BSE SME on June 3, 2026, while the allotment is expected on June 1, 2026. (IPO UPDATES)
Rajnandini Fashion IPO Overview
| Particulars | Details |
|---|---|
| IPO Open Date | May 26, 2026 |
| IPO Close Date | May 29, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹59 to ₹63 Per Share |
| Issue Size | ₹18.21 Crores |
| Fresh Issue | 28,90,000 Equity Shares |
| Offer for Sale | Nil |
| Issue Type | Book Building Issue |
| Listing Exchange | BSE SME |
| Allotment Date | June 1, 2026 |
| Listing Date | June 3, 2026 |
IPO GMP Today
According to market reports, the Rajnandini Fashion IPO Grey Market Premium (GMP) was around 10% ahead of subscription opening, indicating moderate investor interest in the SME issue. GMP remains unofficial and may change daily.
Estimated GMP Details
| Particulars | Value |
|---|---|
| IPO Price Band | ₹59 – ₹63 |
| GMP | Around 10% |
| Estimated Listing Sentiment | Positive |
IPO Review
Strengths
- Strong growth in profitability
- Expanding women’s apparel portfolio
- Presence across online and offline sales channels
- Improved operating margins
- Growing brand recognition in ethnic and casual wear segments
Risks
- SME IPO liquidity risk
- Competitive apparel industry
- Dependence on fashion trends and consumer demand
- Working capital intensive business
IPO Recommendation
The company has reported significant growth in revenue and profit over the last two years. Financial ratios including ROE and ROCE are strong compared with many SME peers. Based on available financial data, the IPO may be considered by investors with a long-term perspective.
IPO Market Lot
The minimum market lot is 4,000 shares with an application amount of ₹2,52,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 4,000 | ₹2,52,000 |
| Retail Maximum | 2 | 4,000 | ₹2,52,000 |
| S-HNI Minimum | 3 | 6,000 | ₹3,78,000 |
| S-HNI Maximum | 7 | 14,000 | ₹8,82,000 |
| B-HNI Minimum | 8 | 16,000 | ₹10,08,000 |
IPO Reservation
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| Anchor Investor | 8,18,000 Shares | 28.30% |
| QIB (Ex Anchor) | 5,48,000 Shares | 18.96% |
| NII | 4,14,000 Shares | 14.33% |
| Retail | 9,64,000 Shares | 33.36% |
Rajnandini Fashion IPO Important Dates
| Event | Date |
|---|---|
| IPO Open Date | May 26, 2026 |
| IPO Close Date | May 29, 2026 |
| Basis of Allotment | June 1, 2026 |
| Refunds | June 2, 2026 |
| Credit to Demat Account | June 2, 2026 |
| Listing Date | June 3, 2026 |
About Rajnandini Fashion India Limited
Rajnandini Fashion India Limited
Rajnandini Fashion India Limited is engaged in the design, manufacturing, and sale of women’s apparel. The company offers:
- Sarees
- Kurtis
- Kurta sets
- Dress materials
- Tops and tunics
- Maternity gowns
- Dresses
- Co-ord sets
- Plus-size apparel
Its products are sold through both online and offline distribution channels and cater to ethnic as well as casual fashion segments.
Rajnandini Fashion Financial Report
Amount in ₹ Crores
| Year | Revenue | Profit After Tax |
|---|---|---|
| FY2023 | ₹28.01 | ₹0.37 |
| FY2024 | ₹23.32 | ₹2.29 |
| FY2025 | ₹30.69 | ₹5.06 |
| 9M FY2026 | ₹30.25 | ₹5.14 |
Rajnandini Fashion IPO Valuation
| KPI | Value |
|---|---|
| EPS | ₹6.77 |
| PE Ratio | 8.71x – 9.31x |
| RoNW | 54.41% |
| ROCE | 40.00% |
| EBITDA Margin | 24.38% |
| Debt/Equity | 0.95 |
| NAV | ₹12.44 |
Subscription Status
As reported during the IPO period, investor response remained healthy.
| Category | Subscription |
|---|---|
| QIB | 3.51x |
| NII | 8.42x |
| Retail | 7.18x |
| Total | 6.55x |
Community discussions also highlighted strong profit growth and improving margins while raising questions about sustainability of earnings growth and debt levels.
Anchor Investors
| Particulars | Details |
|---|---|
| Anchor Bidding Date | May 25, 2026 |
| Shares Reserved | 8,18,000 Shares |
| Anchor Portion Size | ₹5.15 Crores |
| 30-Day Lock-in End | July 1, 2026 |
| 90-Day Lock-in End | August 30, 2026 |
How to Check IPO Allotment Status
Investors can check allotment status through:
- BSE IPO allotment portal
- Registrar website
- Stock broker IPO section
- Demat account notifications
General IPO allotment discussions and tips are often shared by retail investors in IPO communities.
Frequently Asked Questions (FAQs)
What is Rajnandini Fashion IPO?
Rajnandini Fashion IPO is an SME IPO aiming to raise ₹18.21 crores through a fresh issue of shares.
What is the Rajnandini Fashion IPO price band?
The IPO price band is ₹59 to ₹63 per share.
What is the minimum investment?
Retail investors need to apply for 4,000 shares, requiring approximately ₹2,52,000.
What is the Rajnandini Fashion IPO allotment date?
The allotment date is June 1, 2026.
What is the Rajnandini Fashion IPO listing date?
The shares are scheduled to list on BSE SME on June 3, 2026.
Is Rajnandini Fashion IPO good for long-term investment?
The company has shown improving revenue, strong profit growth, and healthy return ratios. Investors should still evaluate SME IPO risks before investing.
Disclaimer
The information shared here is intended solely for educational and general awareness purposes. Any securities, investments, or IPO-related details mentioned should not be interpreted as financial advice or investment recommendations. Readers are encouraged to conduct their own independent research or seek guidance from a qualified financial professional before making investment decisions.
IPO-related updates are provided for informational use only. Market trends, past performance, or investor interest do not ensure future outcomes. We are not registered with SEBI. Investments in IPOs and the securities market involve inherent risks, and individuals should carefully evaluate their financial situation or consult a certified financial advisor before investing.
