Rajnandini Fashion India IPO is open from May 26, 2026 to May 29, 2026, with a price band of ₹59 to ₹63 per share and a lot size of 2,000 shares. The issue size is ₹18.21 crore & issue type is fresh capital.
Rajnandini Fashion IPO Details :-
Rajnandini Fashion India is coming to the market as a fresh issue of 28.90 lakh shares. The company plans to use the proceeds for a new manufacturing facility, repayment of borrowings, working capital, and general corporate purposes.
The IPO is listed on BSE SME, with a tentative listing date of June 3, 2026. For retail investors, the minimum application works out to ₹1,26,000 for one lot, and the maximum retail application is capped at 4,000 shares.
Current subscription
The Rajnandini Fashion India IPO is subscribed 6.97 times on May 27, 2026 5:04:49 PM (Day 2). The public issue subscribed 7.18 times in the individual investors category, 3.51 times in the QIB category, and 11.04 times in the NII category. .
That kind of response suggests the market is giving the issue a decent initial reception. The retail category is also seeing healthy participation, which often helps sentiment in SME IPOs.
About Company :-
Rajnandini Fashion India is a textile and fashion-related business focused on manufacturing and related operations. The IPO documents indicate that the company is using this fundraise to strengthen capacity and support day-to-day working capital needs.
For investors, the key thing to track is whether the company can convert this expansion into better scale and profitability. In SME businesses, growth plans matter, but execution matters even more.
Issue Reservation
Rajnandini Fashion India IPO comprises a total issue size of 28,90,000 shares. The net offer to the public is 27,44,000 shares, after excluding 1,46,000 shares allotted on a firm basis. Of the Net offer 13,66,000 (49.78%) are allocated to QIB, 4,14,000 (15.09%) allocated to NII 9,64,000 (35.13%) allocated to RII.
IPO Lot Size
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
IPO Anchor Investors
Rajnandini Fashion India IPO raises ₹5.15 crore from anchor investors. Rajnandini Fashion India IPO Anchor bid date is May 25, 2026.
IPO Objects of the Issue
- Funding of capital expenditure for setting up a new manufacturing facility:- 1.35 Cr
- Repayment of a portion of certain borrowings availed by Company :- 5.50 Cr
- Utilization towards working capital requirements:- 7.00 Cr
- General Corporate Purposes
Company Financials (Restated)
|
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 |
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Why investors are watching it
There are three reasons this IPO has attracted attention. First, the subscription levels are already healthy. Second, the company is raising money for a mix of expansion and balance-sheet support, which is usually more reassuring than a pure financial restructuring story.
Third, the market is also watching the unofficial GMP trend, which earlier reports placed around 10%, suggesting moderate listing expectations. Still, GMP is only a sentiment indicator and should not be treated as a guarantee of listing gains.
Risks to consider
SME IPOs often come with higher risk than mainboard issues. Liquidity can be limited after listing, and price swings can be sharp. The relatively high minimum ticket size also means only serious investors tend to participate.
The other thing to keep in mind is that the fashion and textile segment can be competitive, margin-sensitive, and dependent on execution. Investors should therefore focus on the company’s business model, fund usage, and future financial performance rather than only the subscription buzz.
How To Apply for the IPO ?
-
Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of IPO?
Steps to check IPO allotment status on JM Pro app:
- Log in to the JM Pro app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
JM Financial Services will notify you of your IPO allotment status via push notification and email.
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