Rajnandini Fashion India IPO Details
The Rajnandini Fashion India IPO is a book build issue with a total issue size of ₹18 cr, comprising of fresh issue of 2744000 equity shares. Rajnandini Fashion India IPO opened for subscription on May 26, 2026 and closed on May 29, 2026. Rajnandini Fashion India IPO is set price band at ₹59 to ₹63 per share, with a lot size of 2000 shares. Minimum investment for Retail investors was ₹252,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jun 01, 2026, and listed on both the NSE and BSE on Jun 03, 2026.
Bigshare Services Pvt Ltd has been appointed as the registrar. Seren Capital Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Rajnandini Fashion India IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 59 – 63
- Lot Size
- 2000
- Issue Size
- ₹18 Cr
- Minimum Investment
- ₹252000 (4000 Shares)
- Listing Date
- 03 June 2026
Current GMP
₹6 (+9.52%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Rajnandini Fashion India Limited
Founded in 2010, Rajnandini Fashion is engaged in the design, manufacturing, and sale of women’s apparel across ethnic and casual wear categories through both online and offline distribution channels.
The company’s ethnic wear portfolio includes sarees, kurtis, kurta sets, and unstitched dress materials, while its casual wear range comprises tops, tunics, dresses, and maternity gowns. These products are manufactured using a variety of fabrics such as cotton, rayon, silk, and poly-cotton blends.
Rajnandini Fashion operates through two key business segments:
- B2C (Business-to-Consumer):
The company sells directly to customers through its official website and leading e-commerce marketplaces including Amazon, Flipkart, Myntra, Ajio, and Nykaa. During FY2025, the company processed approximately 2.8 lakh customer orders through its B2C operations. - B2B (Business-to-Business):
Under this segment, the company supplies fabrics and ready-made garments to wholesalers, retailers, and garment processing businesses. The B2B division generated revenue of ₹1,170.31 lakh in FY2025.
The company markets its products under four brands — Merira, Monira, Roly Poly, and Rajnandini — catering to different customer segments and pricing categories. Product prices generally range between ₹250 and ₹2,000, depending on the product type and design.
To strengthen its manufacturing capabilities, Rajnandini Fashion established its first manufacturing unit in Surat in 2023, followed by a second unit in Jaipur in 2024. The Surat facility is equipped with 90 sewing machines, while the Jaipur unit houses 50 sewing machines. As of August 31, 2025, the company employed 207 permanent employees across its operations.
Rajnandini Fashion India IPO Promoters
- Vikesh Sushil Lunawat
- Sushil Kumar Lunawat
- Priyanka Chopra
Promoters Holding
Holding Pre Issue
97.19%
Holding Post Issue
0.00%
Rajnandini Fashion India IPO Objective
The Company Rajnandini Fashion India IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding of capital expenditure towards setup of new Manufacturing Facility
- Repayment of a portion of certain borrowings availed by our Company
- Utilization towards working capital requirements
- General Corporate Purposes
Address / Contact Info
Rajnandini Fashion India Ltd.
G1-41, RIICO,
Tonk Road, Sitapura Industrial Are
Jaipur, Rajasthan, 302022
Phone: +91-7878352054
Email: cs@rfil.in
Website: https://rfil.in/
IPO Snapshot
Book Running Lead Managers
- Seren Capital Private Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Rajnandini Fashion India IPO is a Book-building IPO with a total issue size of ₹18 crore. The Rajnandini Fashion India IPO price band is ₹59 to 63 per share. The Rajnandini Fashion India IPO subscription opens on Tue, May 26, 2026, and closes on Fri, May 29, 2026. The Rajnandini Fashion India IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Rajnandini Fashion India IPO.
The Rajnandini Fashion India IPO opens on Tue, May 26, 2026 and closes on Fri, May 29, 2026
Rajnandini Fashion India IPO Price Band is ₹59 to 63 per share.
Rajnandini Fashion India IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹252000 based on the upper price band
The minimum investment for Rajnandini Fashion India IPO is ₹252000, based on one lot of 2000 shares at the upper price band of ₹63 per share.
Investors can apply for the Rajnandini Fashion India IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, May 29, 2026. The application amount remains blocked until the Rajnandini Fashion India IPO allotment is finalized.
Rajnandini Fashion India IPO issue size is ₹18 crores.
Rajnandini Fashion India IPO allotment date is Wed, Jul 1, 2026.
The registrar for Rajnandini Fashion India IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Rajnandini Fashion India IPO allotment status, refund processing, and other IPO-related information.
The Rajnandini Fashion India IPO GMP (Grey Market Premium) is ₹6 as of Wed, Jun 3, 2026. Based on the upper price band of ₹63 per share, the estimated Rajnandini Fashion India IPO listing price is ₹69, indicating a potential listing gain of approximately 0% over the issue price.