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Open
26 May 2026
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Close
29 May 2026
3
Allotment
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Listing
Wed, Jun 3, 2026
Price Band
₹59 to ₹63
Issue Size
28,90,000 shares (agg. up to ₹18 Cr)
Lot Size
2,000 Shares
Listing Date
Wed, Jun 3, 2026
Latest GMP
₹6
Est. Gain
9.52%
✦ AI Insight
GMP Trend
03-06-2026₹6Est. ₹69+9.52%
02-06-2026₹6Est. ₹69+9.52%
01-06-2026₹7Est. ₹70+11.11%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 143.00x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 35.80 | 25.35 | 15.74 | 11.71 |
| Total Income | 31.22 | 31.27 | 23.60 | 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 and Surplus | 6.94 | 9.09 | 4.02 | 1.73 |
| Total Borrowing | 13.96 | 8.84 | 7.01 | 6.19 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Kiaasa Retail Ltd. | SME | ₹69.74 Cr | ₹127 | 19.31 | ₹116.85 | -7.99% | ₹39.88 (+0.05%) |
| Fractal Industries Ltd. | SME | ₹49.00 Cr | ₹216 | 15.99 | ₹217.55 | +0.72% | ₹210.00 (-0.80%) |
| Vashishtha Luxury Fashion Ltd. | SME | ₹8.87 Cr | ₹111 | 12.14 | ₹121.75 | +9.68% | ₹56.99 (+1.55%) |
| Kaytex Fabrics Ltd. | SME | ₹69.81 Cr | ₹180 | 12.25 | ₹150.60 | -16.33% | ₹59.20 (-2.31%) |
| N R Vandana Tex Industries Ltd. | SME | ₹27.89 Cr | ₹45 | 8.95 | ₹43.70 | -2.89% | ₹70.50 (-0.98%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure for setting up a new manufacturing facility | 1.35 |
| 2 | Funding for repayment of a portion of certain borrowings availed by the Company | 5.50 |
| 3 | Utilization towards working capital requirements | 7.00 |
| 4 | General Corporate Purposes | 1.28 |
| 5 | Issue expenses | 3.07 |
| Total | 18.21 |
About Rajnandini Fashion India IPO
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 Apri
Contact Details
Rajnandini Fashion India Ltd. AddressG1-41, RIICOTonk RoadSitapura Industrial AreaJaipur, Rajasthan, 302022+91-7878352054cs@rfil.inVisit Website