Rajnandini Fashion India
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
May 26 to May 29 2026
Price Band
₹59 - 63
Current GMP
₹63(0.00%)
Subscription
203.74 times
IPO Details
| IPO Date | 26 to 29 May, 2026 |
| Listed on | Wed, Jun 3, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹59 to ₹63 |
| Issue Price | ₹63 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 28,90,000 shares (agg. up to ₹ 18 Cr) |
| Reserved for Market Maker | 1,46,000 shares (agg. up to ₹ 0.9198 Cr) Giriraj Stock Broking Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 27,44,000 shares (agg. up to ₹ 17 Cr) |
| Net Offered to Public | 27,44,000 shares (agg. up to ₹ 17 Cr) |
| Share Holding Pre Issue | 74,80,000 shares |
| Share Holding Post Issue | 1,03,70,000 shares |
| BSE Script Code / | 544771 / |
| ISIN | INE1GM501015 |
IPO Date
26 to 29 May, 2026
Listed on
Wed, Jun 3, 2026
Face Value
₹ 10 per share
Price Band
₹59 to ₹63
Issue Price
₹63 per share
Lot Size
2,000 Shares
Sale Type
Fresh capital only
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Total Issue Size
28,90,000 shares (agg. up to ₹ 18 Cr)
Reserved for Market Maker
1,46,000 shares (agg. up to ₹ 0.9198 Cr) Giriraj Stock Broking Pvt.Ltd.
Fresh Issue (Ex Market Maker)
27,44,000 shares (agg. up to ₹ 17 Cr)
Net Offered to Public
27,44,000 shares (agg. up to ₹ 17 Cr)
Share Holding Pre Issue
74,80,000 shares
Share Holding Post Issue
1,03,70,000 shares
BSE Script Code /
544771 /
ISIN
INE1GM501015
IPO Subscription Details
| Anchor | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 122.04 |
| NII*** | 393.63 |
| bNII (> ₹10L) | 490.63 |
| sNII (< ₹10L) | 199.64 |
| Individual Investors | 168.63 |
| Total ** | 203.74 |
Anchor
1
Market Maker
1
QIB (Ex Anchor)
122.04
NII***
393.63
bNII (> ₹10L)
490.63
sNII (< ₹10L)
199.64
Individual Investors
168.63
Total **
203.74
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| May 2 6 (Day 1) | 3.51 | 2.15 | 3.07 | 0.30 | 0.46 | 1.69 |
| May 2 7 (Day 2) | 3.51 | 11.04 | 12.62 | 7.88 | 7.18 | 6.97 |
| May 2 9 (Day 3) | 122.04 | 393.63 | 490.63 | 199.64 | 168.63 | 203.74 |
DayMay 2
6 (Day 1)
QIB (Ex Anchor)3.51
NII*2.15
NII (> ₹10L)3.07
NII (< ₹10L)0.30
Individual Investors0.46
Total1.69
DayMay 2
7 (Day 2)
QIB (Ex Anchor)3.51
NII*11.04
NII (> ₹10L)12.62
NII (< ₹10L)7.88
Individual Investors7.18
Total6.97
DayMay 2
9 (Day 3)
QIB (Ex Anchor)122.04
NII*393.63
NII (> ₹10L)490.63
NII (< ₹10L)199.64
Individual Investors168.63
Total203.74
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 03-06-2026 | 63.00 | 6(9.52%) | 69 |
| 02-06-2026 | 63.00 | 6(9.52%) | 69 |
| 01-06-2026 | 63.00 | 7(11.11%) | 70 |
| 31-05-2026 | 63.00 | 7(11.11%) | 70 |
| 30-05-2026 | 63.00 | 7(11.11%) | 70 |
| 29-05-2026 | 63.00 | 7(11.11%) | 70 |
| 28-05-2026 | 63.00 | 10(15.87%) | 73 |
| 27-05-2026 | 63.00 | 10(15.87%) | 73 |
| 26-05-2026 | 63.00 | 6(9.52%) | 69 |
| 25-05-2026 | 63.00 | 6(9.52%) | 69 |
| 24-05-2026 | 63.00 | 6(9.52%) | 69 |
| 23-05-2026 | 63.00 | 6(9.52%) | 69 |
| 22-05-2026 | 63.00 | 8(12.70%) | 71 |
| 21-05-2026 | 63.00 | 8(12.70%) | 71 |
Date03-06-2026
Price63.00
GMP6(9.52%)
Estimate List Price69
Date02-06-2026
Price63.00
GMP6(9.52%)
Estimate List Price69
Date01-06-2026
Price63.00
GMP7(11.11%)
Estimate List Price70
Date31-05-2026
Price63.00
GMP7(11.11%)
Estimate List Price70
Date30-05-2026
Price63.00
GMP7(11.11%)
Estimate List Price70
Date29-05-2026
Price63.00
GMP7(11.11%)
Estimate List Price70
Date28-05-2026
Price63.00
GMP10(15.87%)
Estimate List Price73
Date27-05-2026
Price63.00
GMP10(15.87%)
Estimate List Price73
Date26-05-2026
Price63.00
GMP6(9.52%)
Estimate List Price69
Date25-05-2026
Price63.00
GMP6(9.52%)
Estimate List Price69
Date24-05-2026
Price63.00
GMP6(9.52%)
Estimate List Price69
Date23-05-2026
Price63.00
GMP6(9.52%)
Estimate List Price69
Date22-05-2026
Price63.00
GMP8(12.70%)
Estimate List Price71
Date21-05-2026
Price63.00
GMP8(12.70%)
Estimate List Price71
IPO Important Dates
| IPO Open | Tue, May 26, 2026 |
| IPO Close | Fri, May 29, 2026 |
| Allotment | Mon, Jun 1, 2026 |
| Refund | Tue, Jun 2, 2026 |
| Credit of Shares | Tue, Jun 2, 2026 |
| Listing | Wed, Jun 3, 2026 |
IPO Open
Tue, May 26, 2026
IPO Close
Fri, May 29, 2026
Allotment
Mon, Jun 1, 2026
Refund
Tue, Jun 2, 2026
Credit of Shares
Tue, Jun 2, 2026
Listing
Wed, Jun 3, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,52,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,52,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,78,000 |
| S-HNI (Max) | 7 | 14,000 | ₹8,82,000 |
| B-HNI (Min) | 8 | 16,000 | ₹10,08,000 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares4,000
Amount₹2,52,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares4,000
Amount₹2,52,000
ApplicationS-HNI (Min)
Lots3
Shares6,000
Amount₹3,78,000
ApplicationS-HNI (Max)
Lots7
Shares14,000
Amount₹8,82,000
ApplicationB-HNI (Min)
Lots8
Shares16,000
Amount₹10,08,000
Financial Information
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 35.80 | 25.35 | 15.74 | 11.71 |
| Total Income | 31.22 | 31.27 | 23.60 | 28.02 |
| Profit After Tax | 5.14 | 5.06 | 2.29 | 0.37 |
| EBITDA | 7.11 | 7.48 | 3.79 | 1.03 |
| NET Worth | 14.42 | 9.31 | 4.24 | 1.95 |
| Reserves and Surplus | 6.94 | 9.09 | 4.02 | 1.73 |
| Total Borrowing | 13.96 | 8.84 | 7.01 | 6.19 |
Period EndedAssets
31 Dec 202535.80
31 Mar 202525.35
31 Mar 202415.74
31 Mar 202311.71
Period EndedTotal Income
31 Dec 202531.22
31 Mar 202531.27
31 Mar 202423.60
31 Mar 202328.02
Period EndedProfit After Tax
31 Dec 20255.14
31 Mar 20255.06
31 Mar 20242.29
31 Mar 20230.37
Period EndedEBITDA
31 Dec 20257.11
31 Mar 20257.48
31 Mar 20243.79
31 Mar 20231.03
Period EndedNET Worth
31 Dec 202514.42
31 Mar 20259.31
31 Mar 20244.24
31 Mar 20231.95
Period EndedReserves and Surplus
31 Dec 20256.94
31 Mar 20259.09
31 Mar 20244.02
31 Mar 20231.73
Period EndedTotal Borrowing
31 Dec 202513.96
31 Mar 20258.84
31 Mar 20247.01
31 Mar 20236.19
Key Performance Indicator
| ROE | 43.32% |
| ROCE | 24.39% |
| Debt/Equity | 0.97 |
| RoNW | 35.64% |
| PAT Margin | 16.99% |
| EBITDA Margin | 23.49% |
| Price to Book Value | 3.27 |
ROE
43.32%
ROCE
24.39%
Debt/Equity
0.97
RoNW
35.64%
PAT Margin
16.99%
EBITDA Margin
23.49%
Price to Book Value
3.27
IPO Reservation
| QIB Shares Offered | 13,66,000 |
| − Anchor Investor Shares Offered | 8,18,000 |
| − QIB (Ex. Anchor) Shares Offered | 5,48,000 |
| NII (HNI) Shares Offered | 4,14,000 |
| − bNII > ₹10L | 2,76,000 |
| − sNII < ₹10L | 1,38,000 |
| Retail Shares Offered | 9,64,000 |
| Market Maker Shares Offered | 1,46,000 |
| Total Shares Offered | 28,90,000 |
QIB Shares Offered
13,66,000
− Anchor Investor Shares Offered
8,18,000
− QIB (Ex. Anchor) Shares Offered
5,48,000
NII (HNI) Shares Offered
4,14,000
− bNII > ₹10L
2,76,000
− sNII < ₹10L
1,38,000
Retail Shares Offered
9,64,000
Market Maker Shares Offered
1,46,000
Total Shares Offered
28,90,000
Information about company
Incorporated in 2010, Rajnandini Fashion designs, manufactures, and sells women’s apparel across ethnic and casual wear categories through both online and offline channels.
Its ethnic wear range includes sarees, kurtis, kurta sets, and unstitched dress materials, while casual wear range covers tops, tunics, dresses, and maternity gowns made from fabrics such as cotton, rayon, silk, and poly-cotton.
We operate in two segments:
Its products are sold under four brands – Merira, Monira, Roly Poly, and Rajnandini , catering to different price segments. Product prices generally range between ₹250 and ₹2,000, depending on the category.
The company set up first manufacturing unit in Surat in 2023 and expanded to Jaipur in 2024. The Surat unit has 90 sewing machines, and the Jaipur unit has 50. As of April 30, 2026, the company had a total workforce of 146 permanent employees.
Competitive Strengths:
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: Funding of capital expenditure for setting up a new manufacturing facility
2: Repayment of a portion of certain borrowings availed by Company
3: Utilization towards working capital requirements
4: General Corporate Purposes
: Total
Disclaimer
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