
Rajnandini Fashion India Limited
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₹5(7.94%)
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Rajnandini Fashion India Limited's successfully completed its Initial Public Offering and commenced trading on Jun 03, 2026 at the BSE exchange. The company raised 28,90,000 Shares through this public offering, comprising 28,90,000 Shares in fresh capital.
The IPO was priced within the band of ₹59 to ₹63, with minimum application lots of 2000 shares. The offering attracted significant investor interest during its subscription period from May 26, 2026 to May 29, 2026.
Share allotment was finalized on Jun 01, 2026, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Diversified Apparel Portfolio : Offers ethnic and casual wear across multiple brands and price segments.
- Strong Online Presence : Availability on major e-commerce platforms supports wider customer reach and sales growth.
- In-House Manufacturing Capabilities : Own production facilities improve quality control and operational efficiency.
- High Competition in Fashion Industry : Faces strong competition from established apparel and D2C brands.
- Dependence on E-commerce Platforms : Significant reliance on online marketplaces may impact margins and visibility.
- Fashion Trend Sensitivity : Demand depends on changing consumer preferences and seasonal trends.
- Vikesh Sushil Lunawat
- Sushil Kumar Lunawat
- Priyanka Chopra
Rajnandini Fashion India Limited
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