Rajnandini Fashion India Limited IPO Details
Factual IPO information from public filings. Not investment advice.
Issue Details
- Price Band
- ₹59 – ₹63
- Lot Size
- 2,000 shares
- Min. Investment
- ₹1,26,000
- Total Issue Size
- ₹18.21 Cr
- 28,90,000 shares
- Fresh Issue
- ₹18.21 Cr
- 28,90,000 shares
- Offer for Sale
- ₹0 Cr
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE SME
- Shares Pre-Issue
- 74,80,000
- Shares Post-Issue
- 1,03,70,000
Lot Size & Investment
1 lot = 2,000 shares
Retail (min)
2 lots · 4,000 shares
Retail (max)
2 lots · 4,000 shares
S-HNI (min)
3 lots · 6,000 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 4,000 | ₹2,52,000 |
| Small HNI (S-HNI) | 3 | 6,000 | ₹3,78,000 |
| Big HNI (B-HNI) | 8 | 16,000 | ₹10,08,000 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Dec-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 35.8 | 25.35 | 15.74 | 11.71 |
| Total Income | 31.22 | 31.27 | 23.6 | 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 & Surplus | 6.94 | 9.09 | 4.02 | 1.73 |
| Total Borrowing | 13.96 | 8.84 | 7.01 | 6.19 |
Key Performance Indicators
| Period | Dec-25 | Mar-25 |
|---|---|---|
| ROE (%) | 43.32 | 74.74 |
| ROCE (%) | 24.39 | 40 |
| EPS (₹) | — | 6.77 |
| P/E (pre-issue) | — | 9.31 |
| P/E (post-issue) | — | 9.53 |
About Rajnandini Fashion India Limited
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: B2C (Business-to-Consumer): Direct sales through the co.website and major e-commerce platforms like Amazon, Flipkart, Myntra, Ajio, Nykaa, and others. The company processed 22,90,998 in December 2025. B2B (Business-to-Business) : Supply of fabrics and ready-made garments to wholesalers, retailers, and garment processors. The B2B segment generated revenue of Rs 1,523.26 lakh in December 2025. 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: Wide range of products across multiple price points Presence across multiple online platforms In-house manufacturing facilities Experienced and Visionary Promoter Leadership
Company Information
- Book running lead managers
- Seren Capital Pvt.Ltd.
- Registered office
- G1-41, RIICO, Tonk Road, Sitapura Industrial Area, Jaipur, Rajasthan, 302022
- Market maker
- Giriraj Stock Broking Pvt.Ltd.