Rajnandini Fashion India Ltd (RFIL) was established in 2010 and is engaged in the fashion industry, designing, manufacturing, and selling women’s apparel across ethnic and casual wear categories through both online and offline distribution channels. Rajnandini Fashion India IPO is now launching its IPO to raise funds for business expansion, working capital requirements, and general corporate purposes.
This company Rajnandini Fashion India Ltd. sells many types of women’s fashion products, such as sarees, kurtis, kurta sets, and unstitched dress materials, while the casual wear category consists of tops, tunics, dresses, and maternity gowns made using fabrics such as cotton, rayon, silk, and poly-cotton.
The company works in both B2C and B2B segments. It sells products directly to customers through its website and online platforms like Amazon, Flipkart, Myntra, Ajio, LimeRoad, and Nykaa. It also supplies fabrics and garments to wholesalers and retailers.
Rajnandini Fashion India manufactures its products through facilities located in Surat and Jaipur. Its in-house operations include fabric cutting, sewing, stitching, quality control, packaging, and product dispatch.
Rajnandini Fashion India operates a strong B2B business by supplying fabrics and ready-to-wear garments to wholesalers, retailers, and garment processors. The segment reported revenue of nearly ₹1,523.26 lakh during December 2025.
The company markets its products under four brands — Merira, Monira, Roly Poly, and Rajnandini — targeting different customer groups and budget ranges. Product pricing typically varies between ₹250 and ₹2,000.
To strengthen manufacturing capabilities, the company launched its first production facility in Surat in 2023 and added another facility in Jaipur in 2024. Together, both units operate 140 sewing machines. The company had 146 permanent employees as of April 2026.
Rajnandini Fashion India IPO Important Dates
| Event | Date |
| IPO Open Date | Tue, May 26, 2026 |
| IPO Close Date | Fri, May 29, 2026 |
| Tentative Allotment | Mon, Jun 1, 2026 |
| Refund Initiation | Tue, Jun 2, 2026 |
| Credit of Shares | Tue, Jun 2, 2026 |
| Tentative Listing Date | Wed, Jun 3, 2026 |
Rajnandini Fashion India IPO Details
| Particulars | Details |
| IPO Date | 26 May to 29 May 2026 |
| Listing Date | 3 June 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹59 to ₹63 per share |
| Lot Size | 2,000 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Issue Size | 28,90,000 shares (₹18.21 Cr) |
| Fresh Issue | 28,90,000 shares (₹18.21 Cr) |
| Market Maker Portion | 1,46,000 shares |
| Shareholding Pre Issue | 74,80,000 shares |
| Shareholding Post Issue | 1,03,70,000 shares |
| Registrar | Bigshare Services Pvt. Ltd. |
| Book Running Lead Manager | Seren Capital Pvt. Ltd. |
Rajnandini Fashion India IPO Subscription Status
As of May 27, 2026, 6:31 PM, the Rajnandini Fashion India IPO was subscribed 6.55 times overall.
| Category | Subscription |
| Qualified Institutional Buyers (QIB) | 3.51x |
| Non-Institutional Investors (NII) | 8.42x |
| Retail Individual Investors (RII) | 7.18x |
| Total Subscription | 6.55x |
The IPO received strong demand from retail and non-institutional investors, indicating positive market interest in the issue.
Rajnandini Fashion India IPO Objectives
The company plans to use the IPO proceeds for the following purposes:
- Meeting working capital requirements
- Expanding business operations and manufacturing capacity
- General corporate purposes
- Covering IPO-related expenses
Competitive Strengths
Rajnandini Fashion India has several strengths that support its business growth:
- Wide range of women’s ethnic and casual wear products
- Strong online presence through e-commerce platforms and direct sales channels
- Multiple in-house brands targeting different customer categories
- Manufacturing facilities located in Surat and Jaipur
- Combination of B2B and B2C business models
- Experienced management team with industry knowledge
Rajnandini Fashion India IPO Price Band
The company has fixed the IPO price band at ₹59 to ₹63 per share.
- Lot Size: 2,000 shares
- Minimum Retail Investment: ₹2,52,000
- HNI Minimum Investment: ₹3,78,000 for 3 lots
IPO Lead Managers and Registrar
- Book Running Lead Manager: Seren Capital Pvt. Ltd.
- Registrar: Bigshare Services Pvt. Ltd.
- Market Maker: Giriraj Stock Broking Pvt. Ltd.
Disclaimer
The information provided in this article is for educational and informational purposes only and should not be considered financial or investment advice. Investors are advised to read the Red Herring Prospectus (RHP), consult certified financial advisors, and conduct their own research before making any investment decisions. IPO investments are subject to market risks, and past performance does not guarantee future returns.
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FAQ
1. What is Rajnandini Fashion India IPO?
Ans:- Rajnandini Fashion India IPO is a SME IPO of 28,90,000 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹59 to ₹63. The minimum order quantity is 2000.
The IPO opens on Tue, May 26, 2026, and closes on Fri, May 29, 2026.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
2. What is the Rajnandini Fashion India IPO date?
Ans:- Rajnandini Fashion India IPO will open on May 26, 2026 and close on May 29, 2026.
3. What is the price band of Rajnandini Fashion India IPO?
Ans:- The IPO price band is fixed at ₹59 to ₹63 per share.
4. What is the lot size of Rajnandini Fashion India IPO?
Ans:- The minimum lot size is 2,000 shares.
5. What does Rajnandini Fashion India Limited do?
Ans:- The company designs, manufactures, and sells women’s ethnic and casual apparel through online and offline channels across India.
6. How to apply Rajnandini Fashion India IPO though upstox?
Ans:- Upstox customers can apply online in Rajnandini Fashion India IPO using UPI as a payment gateway. Upstox customers can apply in Rajnandini Fashion India IPO by login into Upstox Website and submitting an IPO application form.
Steps to apply in Rajnandini Fashion India IPO through Upstox Pro
- Visit the Upstox Pro website and login to Ipo.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Rajnandini Fashion India IPO’ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- Submit IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.