Rajnandini Fashion India IPO- Company Analysis
Rajnandini Fashion India IPO under the SME IPO category is a book build issue of Rs. 18.21 Cr by Rajnandini Fashion India Limited, which creates, produces, and markets women's clothing online and offline in both casual and ethnic wear categories.
Business is divided into two parts:
Business-to-Consumer, or B2C: Direct sales via the company website and well-known e-commerce sites like Amazon, Flipkart, Myntra, Ajio, Nykaa, and others are referred to as. In FY 2025, the company handled 2.8 lakh orders.
Business-to-Business, or B2B: Supplying textiles and ready-made clothing to wholesalers, retailers, and clothing processors is known as. In FY 2025, the B2B category brought in Rs 1,170.31 lakh.
Four brands—Merira, Monira, Roly Poly, and Rajnandini are used to market its goods, each of which targets a certain price range. Depending on the category, product prices typically fall between ₹250 and ₹2,000.
Rajnandini Fashion India IPO Details
The Rajnandini Fashion India IPO date of opening is 26 May 2026, its initial public offering will end on 29 May, IPO allotment on Jun 01 and refund initiation on Jun 02, 2026.
The Rs. 18.21 crore new SME IPO comprises a wholly fresh issue of 0.29 crore shares.
The Rajnandini Fashion India IPO listing date (expected) might be Wednesday, Jun 03, 2026, and listing at the BSE and SME.
The Rajnandini Fashion India IPO price band is Rs. 59 to Rs. 63.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
May 26, 2026 |
|
IPO Closing Date |
May 29, 2026 |
|
IPO Allotment Date |
Jun 01, 2026 |
|
Refund Initiation |
Jun 02, 2026 |
|
IPO Listing Date |
Jun 03, 2026 |
Click to open demat account and apply for the IPO.
Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
25.35 |
15.74 |
11.71 |
|
Total Income |
31.27 |
23.60 |
28.02 |
|
Profit After Tax |
5.05 |
2.29 |
0.37 |
|
EBITDA |
7.48 |
3.79 |
1.03 |
|
Net Worth |
9.29 |
4.24 |
1.95 |
|
Reserves and Surplus |
9.07 |
4.02 |
1.73 |
|
Total Borrowing |
8.84 |
7.01 |
6.19 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
(62.06) |
82.45 |
(369.83) |
|
Net Cash Flow Investing Activities |
(23.98) |
(76.99) |
(3.75) |
|
Net Cash Flow Financing Activities |
78.79 |
2.90 |
366.46 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
Funding of capital expenditure for setting up a new manufacturing facility. ~ Rs. 1.41 Cr.
-
Repayment of a portion of certain borrowings availed by our Company. ~ Rs. 5.50 Cr.
-
Utilization towards working capital requirements. ~ Rs. 9 Cr.
-
General Corporate Purposes.
Listed Peers of Rajnandini Fashion India Ltd.
|
Name of Company |
Face Value (Rs. ) |
Basic EPS (₹) |
PE Ratio (x) |
|
Nandani Creation Limited |
10 |
2.41 |
15.91 |
|
Libas Consumer Products Limited |
10 |
1.23 |
11.11 |
Valuation
|
KPI |
Value (Mar 31, 2025) |
|
ROE |
74.59% |
|
ROCE |
43.22% |
|
Debt/Equity |
0.95 |
|
RoNW |
54.41% |
|
PAT Margin |
16.45% |
|
EBITDA Margin |
24.38% |
|
Price to Book Value |
5.07 |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 6.75 from the last year, the resulting P/E ratio is 9.3x.
Explore the Amba Auto Sales & Services IPO.
IPO's Strengths
-
A large selection of goods at various price points.
-
existence on a variety of internet platforms.
-
Internal production facilities.
-
Visionary and Skilled Promoter Leadership.
IPO's Weaknesses
-
Generate a sizable amount of its income from fabric and clothing trading, a low-margin, cutthroat industry that could put us at risk and negatively impact its financial performance.
-
Relies a large amount of the business on third-party e-commerce platforms.
-
The sale of women's casual and ethnic clothing is essential to the business.
Rajnandini Fashion India IPO GMP (Grey Market Premium)
Rajnandini Fashion India IPO GMP today is Rs. 8, as of 22 May 2026, while writing this information. A price band set at Rs. 63 suggests that the estimated listing price of the IPO could be around Rs. 71, indicating a gain/loss of 12.70%.
Rajnandini Fashion India IPO Summary
|
IPO Opening & Closing Date |
26 May, 2026 to 29 May, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 59 to Rs. 63 per Share. |
|
Lot Size |
2000 Shares |
|
Issue Size |
28,90,000 Shares (Rs. 18 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
27,44,000 Shares (Rs. 17 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Book Build issue IPO |
|
Registrar |
Bigshare Services Pvt. Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (4000 Shares) for Rs. 2,52,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (6000 Shares) for Rs. 3,78,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Rajnandini Fashion India IPO Allotment Status
To check the Rajnandini Fashion India IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Rajnandini Fashion India Ltd.
-
Vikesh Sushil Lunawat
-
Sushil Kumar Lunawat
-
Priyanka Chopra.
|
Pre-Issue Promoter Shareholding |
100% |
|
Post-Issue Promoter Shareholding |
72.13% |
IPO Lead Managers
Seren Capital Pvt. Ltd.
Dividend Policy
The company has not paid a dividend during the last three financial years.
Conclusion
The Rajnandini Fashion India IPO is an SME book-built issue of ₹18.21 Cr with an opening date of 26 May 2026 to 29 May 2026and a price range of ₹59 to ₹63. The company works in the B2B textile and garment supply business and offers women's casual and ethnic apparel on B2C platforms like Amazon, Flipkart, Myntra, Ajio, and Nykaa. The IPO proceeds will be utilized for general corporate operations, working capital requirements, borrowing repayment, and the establishment of additional production facilities.
Other Related Blogs:- Merritronix IPO, SMR Jewels
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
To Apply for the IPO, Click Here.
To Read the Prospectus of the Company Click Here to Download the DRHP.
Click Here To Stay Updated With The Upcoming IPOs.
DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
