Minimum Investment
About Company
Company Name: Rajnandini Fashion India Limited
Industry / Sector: Textiles & Apparel / Ladies Ethnic Wear
Founded Year: 2010
Promoters: Vikesh Sushil Lunawat, Sushil Kumar Lunawat, Priyanka Chopra
Rajnandini Fashion India Limited is engaged in the design, manufacturing, and sale of women’s ethnic and casual wear. The company offers a wide range of products including sarees, kurtis, kurta sets, unstitched dress materials, tops, tunics, dresses, and maternity wear. It operates through both B2C (own website and major e-commerce platforms like Amazon, Flipkart, Myntra, Ajio, Nykaa) and B2B channels. The company has in-house manufacturing facilities in Surat and Jaipur.
IPO Basic Details
| Company Name | Rajnandini Fashion India Limited |
| IPO Type | SME IPO |
| Price Band | ₹59 – ₹63 |
| Lot Size | 2000 |
| Total Issue Size | ₹18.21 Cr (28,90,000 shares) |
IPO Strengths & Risks
Strengths
- Wide product range across multiple price points
- Strong presence on major e-commerce platforms
- In-house manufacturing facilities
- Experienced promoters
Risks
- Intense competition in ethnic wear segment
- Changing fashion trends
- Dependence on e-commerce platforms
IPO Important Dates
| IPO Open Date | 26 May 2026 |
| IPO Close Date | 29 May 2026 |
| Basis of Allotment | 01 Jun 2026 |
| Refund Initiation | 02 Jun 2026 |
| Demat Credit Date | 02 Jun 2026 |
| Listing Date | 03 Jun 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – Balance amount
Investor Reservation
| QIB Quota | 49.78% |
| Retail Quota | 35.13% |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 lots | 4000 | ₹2,52,000 |
| Retail Maximum | - | - | - |
| S-HNI Minimum | 3 lots | 6000 | ₹3,78,000 |
| S-HNI Maximum | - | - | - |
| B-HNI Minimum | 8 lots | 16000 | ₹10,08,000 |
Key Performance Indicators (KPI)
| ROE | 74.74% (Mar 31, 2025) |
| ROCE | 40.00% (Mar 31, 2025) |
| RoNW | - |
| PAT Margin | 16.50% (Mar 31, 2025) |
| EBITDA Margin | 24.38% (Mar 31, 2025) |
| EPS | - |
| NAV per share | - |
| Debt to Equity | - |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| 31 Dec 2025 | 35.80 Cr | 31.22 Cr | 5.14 Cr | 7.11 Cr | 14.42 Cr | 13.96 Cr |
| 31 Mar 2025 | 25.35 Cr | 31.27 Cr | 5.06 Cr | 7.48 Cr | 9.31 Cr | 8.84 Cr |
| 31 Mar 2024 | 15.74 Cr | 23.60 Cr | 2.29 Cr | 3.79 Cr | 4.24 Cr | 7.01 Cr |
| 31 Mar 2023 | 11.71 Cr | 28.02 Cr | 0.37 Cr | 1.03 Cr | 1.95 Cr | 6.19 Cr |
Grey Market Premium
| GMP Price | ₹8 (as of 22 May 2026) |
| Kostak Rate | N/A |
| Subject to Sauda | N/A |
| Last Updated | May 2026 |
| Estimated Listing Price | ₹71 – ₹75 |
IPO Subscription Data
| Total Subscription | Pending (IPO opens 26 May 2026) |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: Bigshare Services Pvt. Ltd.
Registrar Website: https://ipo.bigshareonline.com
IPO Lead Manager(s)
Company Information
Address: G1-41, RIICO, Tonk Road, Sitapura Industrial Area, Jaipur, Rajasthan 302022
Website: https://rfil.in/
Email: cs@rfil.in
Phone: +91-7878352054
IPO Documents
Frequently Asked Questions (FAQ)
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