Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
Rajnandini Fashion India Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.27 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Seren Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Rajnandini Fashion India IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 26,88,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 26,88,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 74,80,000 shares |
| Share Holding Post Issue | 1,01,68,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Sep 30, 2025 |
| SEBI/Exchange approval received | Wed, Jan 14, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
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, whilecasual 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 August 31, 2025, the company had a total workforce of 207 permanent employees.
Competitive Strengths:
Rajnandini Fashion India Ltd.'s revenue increased by 33% and profit after tax (PAT) rose by 120% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 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 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure for setting up a new manufacturing facility | 1.41 |
| 2 | Repayment of a portion of certain borrowings availed by our Company | 5.50 |
| 3 | Utilization towards working capital requirements | 9.00 |
| 4 | General Corporate Purpose |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 74.59% |
| ROCE | 43.22% |
| Debt/Equity | 0.95 |
| RoNW | 54.33% |
| PAT Margin | 16.45% |
| EBITDA Margin | 24.38% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% |
Lead Manager Reports
Rajnandini Fashion India IPO is a SME IPO of 26,88,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Rajnandini Fashion India IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Rajnandini Fashion India IPO using UPI as a payment gateway. Zerodha customers can apply in Rajnandini Fashion India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rajnandini Fashion India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rajnandini Fashion India IPO dates are not announced. Please check back again after some time.
Rajnandini Fashion India IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Rajnandini Fashion India IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Rajnandini Fashion India IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Rajnandini Fashion India IPO allotment status.
The Rajnandini Fashion India IPO listing date is not yet announced. The tentative date of listing is .
