Rajnandini Fashion India IPO
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Rajnandini Fashion India IPO details
Schedule of Rajnandini Fashion India
| Issue open date | 26 May 2026 |
| Issue close date | 29 May 2026 |
| UPI mandate deadline | 29 May 2026 (5 PM) |
| Allotment finalization | 01 Jun 2026 |
| Refund initiation | 02 Jun 2026 |
| Share credit | 02 Jun 2026 |
| Listing date | 03 Jun 2026 |
| Mandate end date | 13 Jun 2026 |
| Lock-in end date for anchor investors (50%) | 30 Jun 2026 |
| Lock-in end date for anchor investors (remaining) | 29 Aug 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Rajnandini Fashion India
Rajnandini Fashion India Limited is a women’s apparel company engaged in the design, manufacturing, trading and retailing of ethnic and casual wear products. The company offers products such as sarees, kurtis, kurta sets, unstitched dress materials, tops, tunics, maternity wear and fabrics. It operates through both B2C and B2B segments, selling products through its own website and third-party e-commerce platforms, including Amazon, Flipkart, Myntra, Ajio and Nykaa, while also supplying products to wholesale and business customers. The company recently expanded into in-house manufacturing by setting up production units in Surat and Jaipur, after initially operating mainly as a trading business. Its revenue is generated from the sale of apparel and fabric products through manufacturing as well as trading activities. The business is largely focused on the women’s ethnic and casual wear market in India.
Financials of Rajnandini Fashion India
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 18.21 |
| Fresh Issue – Proceeds go to the company | 18.21 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| New manufacturing facility setup | 1.41 (7.74%) |
| Repayment of borrowings | 5.5 (30.20%) |
| Working capital requirements | 9 (49.42%) |
| General corporate purposes | 2.3 (12.64%) |
Strengths
- Rajnandini Fashion India operates in both B2B and B2C segments, diversifying its revenue sources.
- The company sells products through multiple online platforms like Amazon, Flipkart, Myntra and Ajio.
- It offers a wide range of women’s ethnic and casual wear products across different price categories.
- The company has recently expanded into in-house manufacturing with units in Surat and Jaipur.
- Its business combines apparel manufacturing with fabric and apparel trading activities.
Risks
- The business depends heavily on changing fashion trends and consumer preferences in women’s apparel.
- The company has limited experience in manufacturing as it recently shifted from a trading-focused model.
- A significant share of revenue comes from low-margin and highly competitive trading activities.
- The company relies heavily on third-party e-commerce platforms for online sales.
- High product return rates in the B2C segment may impact profitability and cash flows.