Rajnandini Fashion India Ltd.
SMEIssue details
Price band
₹59 - ₹63
Lot size
2,000 shares
Issue size
₹18 Cr
Min. investment
₹1,26,000
Registrar
Bigshare Services
Grey market premium
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IPO Timeline
Open
26 May
Close
29 May
Allotment
1 Jun
Listing
3 Jun
- Refunds & demat credit
- 2 Jun 2026
- Mandate end
- 13 Jun 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| Retail | 2,000shares 1 lot · ₹1,26,000 | 2,000shares 1 lot · ₹1,26,000 |
| HNI | 4,000shares 2 lots · ₹2,52,000 | No limit funds permitting |
Based on the upper price band of ₹63 and a lot of 2,000 shares.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital only
Fresh issue
₹17 Cr
27,44,000 shares
Shares pre-issue
74,80,000
Shares post-issue
1,03,70,000
Reservation
- QIB
- 13,66,000
- NII
- 4,14,000
- Retail
- 9,64,000
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 6.77 | 6.61 |
| P/E | 9.31 | 9.53 |
| Market cap | ₹47.12 Cr. | ₹62.81 Cr |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 43.32% | 74.74% |
| ROCE | 24.39% | 40.00% |
| Debt/Equity | 0.97 | 0.95 |
| RoNW | 35.64% | 54.41% |
| PAT Margin | 16.99% | 16.50% |
| EBITDA Margin | 23.49% | 24.38% |
| NAV | 19.28 | 12.44 |
| Price to Book Value | 3.27 | 5.06 |
Financials
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Total income | 31.22 | 31.27 | 23.6 | 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 |
| Assets | 35.8 | 25.35 | 15.74 | 11.71 |
| Reserves & surplus | 6.94 | 9.09 | 4.02 | 1.73 |
| Total borrowing | 13.96 | 8.84 | 7.01 | 6.19 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Funding of capital expenditure for setting up a new manufacturing facility₹1.35 Cr
- 2.Funding for repayment of a portion of certain borrowings availed by the Company₹5.5 Cr
- 3.Utilization towards working capital requirements₹7 Cr
- 4.General Corporate Purposes₹1.28 Cr
- 5.Issue expenses₹3.07 Cr
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Kiaasa Retail Ltd.SME | ₹127 | 19.31 | ₹116.85 | -7.99% |
| Fractal Industries Ltd.SME | ₹216 | 15.99 | ₹217.55 | +0.72% |
| Vashishtha Luxury Fashion Ltd.SME | ₹111 | 12.14 | ₹121.75 | +9.68% |
| Kaytex Fabrics Ltd.SME | ₹180 | 12.25 | ₹150.60 | -16.33% |
| N R Vandana Tex Industries Ltd.SME | ₹45 | 8.95 | ₹43.70 | -2.89% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.