Rajnandini Fashion
Table of Contents
- 01 IPO Description
- 02 IPO Parameters
- 03 IPO Roadmap
- 04 GMP History
- 05Rajnandini Fashion IPO Market Lot
- 06 Rajnandini Fashion IPO Details
- 07 Rajnandini Fashion IPO Reservation
- 08 Rajnandini Fashion IPO Anchor Investors
- 09 Rajnandini Fashion IPO Dates
- 10 Promoters and Holding Pattern
- 11 Objects of the Issue & Utilisation of Proceeds
- 12 About Rajnandini Fashion IPO
- 13 Rajnandini Fashion IPO Company Financial Report
- 14 Rajnandini Fashion IPO Valuation – FY2025
- 15 Peer Group Comparison
- 16 IPO Lead Managers aka Merchant Bankers
IPO PARAMETERS
IPO ROADMAP
Grey Market Premium HISTORY
| Date | GMP (₹) | Daily 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% |
Rajnandini Fashion IPO MARKET LOT
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 4,000 | ₹252,000 |
| Retail Maximum | 2 | 4,000 | ₹252,000 |
| S-HNI Minimum | 3 | 6,000 | ₹378,000 |
| S-HNI Maximum | 7 | 14,000 | ₹882,000 |
| B-HNI Minimum | 8 | 16,000 | ₹1,008,000 |
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 |
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% |
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 |
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 |
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 | -% |
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 | ₹- |
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.
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 |
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 |
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. |
IPO Lead Managers aka Merchant BANKERS
- Seren Capital Pvt.Ltd.