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Rajnandini Fashion India
Price Band
₹59.0–63.0
Issue Size
₹18.21 Cr
Lot Size
2,000 shares
Min Investment
₹252,000
GMP
+₹6.0 (9.52%)
Issue Price
₹63.0
calendar_month Important Dates
bar_chart Subscription Status
Subscription data unavailable
trending_up Grey Market Premium (GMP)
GMP
+₹6.0
GMP %
+9.52%
Est. Listing
₹69.0
schedule Updated: 14 Jul 2026 15:51
Share GMP:
business About the Company
Rajnandini Fashion is engaged in the design, manufacturing, and sale of women’s apparel across ethnic and casual wear categories through online and offline distribution channels. The company’s ethnic wear portfolio includes sarees, kurtis, kurta sets, and unstitched dress materials, while its casual wear offerings consist of tops, tunics, dresses, and maternity gowns. These products are manufactured using fabrics such as cotton, rayon, silk, and poly-cotton. Rajnandini Fashion operates through two key business verticals: B2C (Business-to-Consumer): The company sells directly through its official website and leading e-commerce marketplaces including Amazon, Flipkart, Ajio, Myntra, etc. During FY2025, the company fulfilled around 2.8 lakh customer orders. B2B (Business-to-Business): The company also supplies fabrics and ready-made garments to wholesalers, retailers, and garment processing businesses. This segment contributed revenue of ₹1,170.31 lakh in FY2025. Its products are marketed under four brands — Merira, Monira, Roly Poly, and Rajnandini — targeting diverse customer segments and price categories. Product pricing generally ranges from approximately ₹250 to ₹2,000 depending on the product type. To strengthen manufacturing capabilities, the company established its first production facility in Surat in 2023 and later expanded operations to Jaipur in 2024. The Surat unit houses 90 sewing machines, while the Jaipur facility operates with 50 sewing machines. As of August 31, 2025, the company employed 207 permanent staff members.
payments Company Financials (₹ Cr)
As of 2025-12-31
| 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 |
Key Ratios
EPS
₹6.77
NAV
₹12.44
ROE
74.74%
ROCE
40.00%
RoNW
54.41%
P/B Value
5.06
P/E Ratio
9.31
Market Cap
₹65.33 Cr
PAT Margin
16.50%
Debt/Equity
0.95
Promoters
Vikesh Sushil Lunawat, Sushil Kumar Lunawat and Priyanka Chopra
Objects of the Issue
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 1.35 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
info Issue Details
pie_chart Investor Allocation
Registrar
Lead Managers / Book Running
timeline IPO Timeline
Open
26 May 2026
Close
29 May 2026
Allotment
01 Jun 2026
Listing
03 Jun 2026