
Textiles & Apparel · BSE
Founded in 2010, Rajnandini Fashion is engaged in designing, manufacturing, and selling women’s apparel in both ethnic and casual wear categories through online and offline platforms. Its ethnic collection includes sarees, kurtis, kurta sets, and unstitched dress materials, while the casual wear range features tops, tunics, dresses, and maternity gowns made from fabrics like cotton, rayon, silk, and poly-cotton. The company operates in both B2C and B2B segments, selling directly through its website and leading e-commerce platforms such as Amazon, Flipkart, Myntra, Ajio, and Nykaa, while also supplying fabrics and garments to wholesalers and retailers. Its products are marketed under four brands – Merira, Monira, Roly Poly, and Rajnandini – with pricing generally ranging from ₹250 to ₹2,000. The company established its first manufacturing unit in Surat in 2023 and later expanded to Jaipur in 2024. Together, both units operate with 140 sewing machines, and as of August 31, 2025, the company employed 207 permanent staff members.
Price Band
₹59 – ₹63
Issue Size
₹289.00 L Cr
Lot Size
2000 shares
GMP
+7.9%
Est. Listing
₹68
at current GMP
Subscribed
203.82x
overall
Open
26 May 2026
Close
29 May 2026
Allotment
1 Jun 2026
Refund
2 Jun 2026
Demat Credit
3 Jun 2026
Listing
3 Jun 2026
Designated Registrar: Bigshare Services Private Limited
Allotment Date
1 Jun 2026
Basis finalization
Refunds Initiate
2 Jun 2026
Mandate release
Demat Credit
3 Jun 2026
Shares in demat
Listing Debut
3 Jun 2026
Trading begins
Rajnandini Fashion India Limited is bringing an initial public offering (IPO) in the Textiles & Apparel sector with an aggregate issue size of ₹28,90,000 Crores. The shares are offered at a price band of ₹59 to ₹63 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2026-05-29, the basis of allotment is scheduled to be finalized on 2026-06-01. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.