Rajnandini Fashion IPO GMP today is Rs 0. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
RAJNANDINI FASHION
Rajnandini Fashion IPO GMP, Subscription & Allotment Status Today
Rajnandini Fashion is a SME IPO with a price band of Rs 59.00 to Rs 63.00 that listed on 03 Jun 2026 at a listing gain of 0.00%. Track its full GMP history, subscription data and listing details here.
- Price Band
- ₹59.00 - ₹63.00
- Lot Size
- 2,000 Shares
- Bidding Closes
- 29 May 2026
- Listing Date
- 03 Jun 2026
Current GMP Status
₹0
+0% vs upper band
Est. Listing Gain
+0.00%
Last Trend
29 May 2026
Listing Price
₹63.00
Retail Entry
₹2,52,000
IPO Details
Complete IPO information
| Current GMP | ₹0 |
|---|---|
| Estimated Listing Gain | +0.00% |
| Price Band | ₹59.00 - ₹63.00 |
| Issue Price | Approx ₹63.00 Crores |
| Listing Price | ₹63.00 |
| Lot Size | 2,000 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | 6.97x |
| Listing Date | 03 Jun 2026 |
| Minimum Investment | ₹2,52,000 |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Rajnandini Fashion is priced at ₹63 per share. With a minimum lot size of 2,000 shares, a retail investor applying for one lot would need approximately ₹2,52,000 to participate in this SME issue.
The latest recorded Grey Market Premium for Rajnandini Fashion stands at ₹0, implying an estimated listing gain of around 0.00% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Rajnandini Fashion's IPO was subscribed 6.97x overall, with a category-wise breakdown of Retail 7.18x, QIB 3.51x.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
26 May 2026
✓
Bidding Closes
29 May 2026
✓
Allotment
01 Jun 2026
✓
Listing
03 Jun 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 29 May 2026 | ₹10.00 | - | 15.87% |
| 28 May 2026 | ₹10.00 | +₹4.00 | 15.87% |
| 26 May 2026 | ₹6.00 | - | 9.52% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 4,000 | ₹2,52,000 |
| Retail Maximum | 2 Lot | 4,000 | ₹2,52,000 |
| S-HNI Minimum | 3 Lot | 6,000 | ₹3,78,000 |
| S-HNI Maximum | 7 Lot | 14,000 | ₹8,82,000 |
| B-HNI Minimum | 8 Lot | 16,000 | ₹10,08,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Rajnandini Fashion IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | May 26, 2026 |
| IPO Close Date | May 29, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹59 to ₹63 Per Share |
| Issue Size | Approx ₹18.21 Crores, 28,90,000 Equity Shares |
| Fresh Issue | Approx ₹18.21 Crores, 28,90,000 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE SME |
Analysis
Rajnandini Fashion IPO Reservation
| Investor Category | Share Offered | -% Shares |
|---|---|---|
| Anchor Investor | 8,18,000 Shares | 28.30% |
| QIB (Ex. Anchor) | 5,48,000 Shares | 18.96% |
| NII Shares Offered | 4,14,000 Shares | 14.33% |
| Retail Shares Offered | 9,64,000 Shares | 33.36% |
Analysis
Rajnandini Fashion IPO Anchor Investors
| Particulars | Details |
|---|---|
| Anchor Bidding Date | May 25, 2026 |
| Anchor Investors List | |
| Shares Offered | 8,18,000 Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date (50% Shares - 30 Days) | 2026 |
| Lock-in Period End Date (50% Shares - 90 Days) | 2026 |
Analysis
Rajnandini Fashion IPO Dates
The Rajnandini Fashion IPO will open for subscription on May 26, 2026 and close on May 29, 2026. The basis of allotment is expected to be finalized on June 1, 2026. Successful applicants will receive shares in their Demat accounts on June 2, 2026, while the company is scheduled to be listed on the BSE SME platform on June 3, 2026.
| Event | Date |
|---|---|
| IPO Open Date | May 26, 2026 |
| IPO Close Date | May 29, 2026 |
| Basis of Allotment | June 1, 2026 |
| Refunds | June 2, 2026 |
| Credit to Demat Account | June 2, 2026 |
| IPO Listing Date | June 3, 2026 |
| IPO Bidding Cut-off Time | May 29, 2026 – 5:00 PM |
Analysis
Promoters and Holding Pattern
The promoters of the company are Vikesh Sushil Lunawat, Sushil Kumar Lunawat, and Priyanka Chopra.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 74,80,000 | 97.19% |
| Promoter Holding Post Issue | 1,03,70,000 | -% |
Analysis
Objects of the Issue & Utilisation of Proceeds
| Purpose | Amount (₹ Crores) |
|---|---|
| Funding of Capital Expenditure for Setting Up a New Manufacturing Facility | ₹1.35 |
| Repayment of a Portion of Certain Borrowings Availed by Our Company | ₹5.50 |
| Utilization Towards Working Capital Requirements | ₹7.00 |
| General Corporate Purpose | ₹- |
Analysis
About Rajnandini Fashion IPO
Rajnandini Fashion Designs, founded in 2010, is involved in the manufacturing and selling of women’s clothes and fashion products via online and offline channels. The firm mainly focuses on the sale of ethnic and casual wear under the women’s category. In the Ethnic range, they sell sarees, kurtis, kurta sets, and unstitched dress materials, and under casual wear, they sell tops, tunics, dresses, and maternity gowns using various materials such as cotton, rayon, silk, and poly-cotton.
The company runs its business under the B2C model, where they sell its products via its own and 3rd party website like Amazon, Flipkart, Myntra, Ajio, Nykaa, and others, and the B2B model, where they supply the fabrics and garments to wholesalers and retailers. Moreover, its products are sold under 4 brands, including Merira, Monira, Roly Poly, and Rajnandini.
Analysis
Rajnandini Fashion IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹28.02 | ₹27.51 | ₹0.37 | ₹11.71 |
| 2024 | ₹23.60 | ₹20.53 | ₹2.29 | ₹15.74 |
| 2025 | ₹31.27 | ₹24.48 | ₹5.05 | ₹25.35 |
| Dec 2025 | ₹31.22 | ₹24.24 | ₹5.14 | ₹35.80 |
Analysis
Rajnandini Fashion IPO Valuation – FY2025
Check Rajnandini Fashion IPO valuation details including Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), Net Asset Value (NAV), and other key financial performance indicators.
| KPI | Values |
|---|---|
| ROE | 74.74% |
| ROCE | 40.00% |
| EBITDA Margin | 24.38% |
| PAT Margin | 16.50% |
| Debt to Equity Ratio | [.] |
| Earning Per Share (EPS) | ₹6.77 (Basic) |
| Price/Earning (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 54.41% |
| Net Asset Value (NAV) | ₹12.44 |
Analysis
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Nandani Creation Limited | 2.41 | 12.33 | 7.10% | 33.99 | ₹69.64 Cr. |
| Libas Consumer Products Limited | 1.23 | 9.99 | 3.24% | 31.02 | ₹91.91 Cr. |
Analysis
IPO Lead Managers aka Merchant Bankers
- Seren Capital Pvt.Ltd.
FAQ
Rajnandini Fashion IPO FAQs
Rajnandini Fashion IPO price band is Rs 59.00 to Rs 63.00. Check the latest issue price, lot size and GMP together before applying.
Rajnandini Fashion IPO open date is 26 May 2026, close date is 29 May 2026, and listing date is 03 Jun 2026.
Rajnandini Fashion IPO lot size is 2,000 shares. The minimum retail investment is Rs 2,52,000.
Rajnandini Fashion is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Rajnandini Fashion IPO subscription status currently shows Retail 7.18x, QIB 3.51x, Overall 6.97x.
Rajnandini Fashion IPO issue size is TBA and the expected allotment date is 01 Jun 2026.
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