Rajnandini Fashion India IPO
Price band
₹59 – ₹63
Lot size
2000 shares
Min investment
₹1,26,000
Issue size
₹18.21 Cr
IPO schedule
| Open date | 26 May 2026 |
| Close date | 29 May 2026 |
| UPI mandate cut-off | 29 May 2026 |
| Allotment finalisation | 1 Jun 2026 |
| Refund initiation | 2 Jun 2026 |
| Shares credited to demat | 2 Jun 2026 |
| Listing date | 3 Jun 2026 |
| Mandate end date | 13 Jun 2026 |
| Anchor lock-in (50%) | 30 Jun 2026 |
| Anchor lock-in (remaining) | 29 Aug 2026 |
Issue size
Subscription status
Reserved and applied figures are in crore shares.
About Rajnandini Fashion India
Rajnandini Fashion India Limited is a women’s apparel company engaged in the design, manufacturing, trading and retailing of ethnic and casual wear products. The company offers products such as sarees, kurtis, kurta sets, unstitched dress materials, tops, tunics, maternity wear and fabrics. It operates through both B2C and B2B segments, selling products through its own website and third-party e-commerce platforms, including Amazon, Flipkart, Myntra, Ajio and Nykaa, while also supplying products to wholesale and business customers. The company recently expanded into in-house manufacturing by setting up production units in Surat and Jaipur, after initially operating mainly as a trading business. Its revenue is generated from the sale of apparel and fabric products through manufacturing as well as trading activities. The business is largely focused on the women’s ethnic and casual wear market in India.
Strengths
- Rajnandini Fashion India operates in both B2B and B2C segments, diversifying its revenue sources.
- The company sells products through multiple online platforms like Amazon, Flipkart, Myntra and Ajio.
- It offers a wide range of women’s ethnic and casual wear products across different price categories.
- The company has recently expanded into in-house manufacturing with units in Surat and Jaipur.
- Its business combines apparel manufacturing with fabric and apparel trading activities.
Risks
- The business depends heavily on changing fashion trends and consumer preferences in women’s apparel.
- The company has limited experience in manufacturing as it recently shifted from a trading-focused model.
- A significant share of revenue comes from low-margin and highly competitive trading activities.
- The company relies heavily on third-party e-commerce platforms for online sales.
- High product return rates in the B2C segment may impact profitability and cash flows.
Use of proceeds
| Repayment of borrowings | ₹5.5 (30.20%) Cr |
| General corporate purposes | ₹2.3 (12.64%) Cr |
IPO information is sourced from public feeds and shown for general information only. It is not a recommendation to apply for this or any IPO. IPOs are equity investments and carry market risk; listing gains are not guaranteed and SME IPOs are especially volatile. Grey Market Premium (GMP) is unofficial and not endorsed by SEBI or the exchanges. Equity IPOs are applied for through a demat and trading account, not through mutual fund distribution services. Read the RHP and consult a SEBI-registered investment adviser before investing.