Rajnandini Fashion India Limited
ListedSMETextiles & 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
₹5
+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
Last updated 4 months ago
Overall Subscription
203.82x
Total Demand
QIB Multiplier
122.04x
Institutions & Funds
NII / HNI
393.99x
High Net-Worth
Retail (RII)
168.63x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 548,000 | 66,878,000 | 122.04x |
| NIB | 414,000 | 163,110,000 | 393.99x |
| HNIs(10L +) | 276,000 | 135,560,000 | 491.16x |
| HNIs (2-10L) | 138,000 | 27,550,000 | 199.64x |
| RETAIL | 964,000 | 162,564,000 | 168.63x |
| Total | 2,340,000 | 555,662,000 | 203.82x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 60 | 0.00x |
| NIB | — | 12,660 | 0.00x |
| RETAIL | 241 | 40,641 | 168.63x |
| EMPLOYEES | — | — | 0.00x |
| HNIs(10L +) | 46 | 8,213 | 178.54x |
| HNIs (2-10L) | 23 | 4,447 | 193.35x |
| Shareholder | — | — | 0.00x |
| Total Applications | 310 | 66,021 | 212.97x |
Day-Wise Subscription Progress
About Rajnandini Fashion India Limited Public Issue & Market Profile
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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.
Frequently Asked Questions
What is the issue size and price band for Rajnandini Fashion India Limited IPO?
The Rajnandini Fashion India Limited IPO aggregate issue size is ₹28,90,000 Crores with an equity price band set at ₹59 to ₹63 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,26,000.
How can I check Rajnandini Fashion India Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
Where will Rajnandini Fashion India Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2026-06-01.