About Rajnandini Fashion India Limited
Rajnandini Fashion India Limited was incorporated in 2010 with the vision of building a strong global fashion brand in the textile and apparel industry. The company mainly focuses on providing accountable fashion and quality products in the women’s ethnic and casual wear market.
Rajnandini Fashion India offers a wide range of fashion products, including sarees, dress materials, salwar suits, ready-to-wear kurtis, kurta sets, western tops, and other women’s apparel categories. The company operates in both B2B and B2C business models and also supplies products through wholesale channels.
The company sells its products online through major platforms like Amazon India, Flipkart, Myntra, Ajio, Nykaa Fashion, Meesho, and Mirraw. Recently, the company also set up in-house manufacturing units in Surat and Jaipur and is engaged in fabric manufacturing and trading.
The director, Vikas Lunawat, has around 12 years of experience in the textile industry, while Sushil Lunawat has nearly 40 years of experience in textile manufacturing, exports, and fabric quality management. The company also owns four fashion brands in the Indian apparel market.
Rajnandini Fashion Important IPO Dates
| IPO Event | Date |
|---|---|
| IPO Open Date | 26 May 2026 |
| IPO Close Date | 29 May 2026 |
| Allotment Date | 1 June 2026 |
| Refund Initiation | 2 June 2026 |
| Shares Credit Date | 2 June 2026 |
| Listing Date | 3 June 2026 |
| Exchange | BSE SME |
IPO Price & Investment Details
| Details | Information |
|---|---|
| IPO Price Band | ₹59 – ₹63 per share |
| Face Value | ₹10 per share |
| Lot Size | 2,000 Shares |
| Minimum Investment | ₹1,26,000 |
| Retail Minimum Application | 2 Lots (4,000 Shares) |
| Retail Investment Amount | ₹2,52,000 |
| Total Issue Size | ₹18.21 Crore |
| Fresh Issue | 28.90 Lakh Shares |
| IPO Type | SME IPO |
| Listing Platform | BSE SME |
Rajnandini Fashion India Financial Report
| Financial Year | Revenue | Profit After Tax (PAT) | Main Products |
|---|---|---|---|
| FY2023 | ₹28.02 Crore | ₹0.37 Crore | Sarees, Kurtis, Tops, Tunics |
| FY2024 | ₹23.60 Crore | ₹2.29 Crore | Women’s Ethnic & Casual Wear |
| FY2025 | ₹31.27 Crore | ₹5.05 Crore | Kurta Sets, Dresses, Maternity Gowns |
Rajnandini Fashion India IPO Valuation
| Valuation Metrics | Details |
|---|---|
| IPO Price Band | ₹59 – ₹63 per share |
| Face Value | ₹10 per share |
| EPS (FY25) | ₹5.05 |
| P/E Ratio | 12.47x |
| Return on Equity (ROE) | 31.42% |
| Return on Capital Employed (ROCE) | 24.18% |
| Net Worth | ₹16.08 Crore |
| Market Capitalization | ₹72.45 Crore |
| Debt-to-Equity Ratio | 0.61 |
| NAV Per Share | ₹16.84 |
| Issue Size | ₹18.21 Crore |
Rajnandini Fashion India IPO – Strengths and Weaknesses
| Strengths | Weaknesses |
|---|---|
| The company operates in both B2B and B2C segments, helping create diversified revenue sources. | The fashion business depends heavily on changing trends, especially in the women’s apparel segment. |
| Products are sold through multiple online platforms like Amazon India, Flipkart, Myntra, and Ajio. | The company is mainly focused only on the fashion and apparel business segment. |
| The company offers a wide range of women’s ethnic and casual wear products across multiple categories. | A significant part of the business depends on third-party online platforms, where commissions can impact profitability. |
| Recently, the company established in-house manufacturing units in Surat and Jaipur. | Online sales returns and product exchanges may affect overall profit margins and inventory management. |
| The company is also involved in fabric manufacturing and fabric trading activities. | The business currently has strong exposure toward trading-focused operations. |
Rajnandini Fashion Office Address
Rajnandini Fashion India Ltd
7th floor, Shop No. 7010, Shree Kuberji Deck,
Surat – Kadodara Rd, Kumbharia Gam,
Surat – 395010, Gujarat, India.
Email: support@rajnandinifashion.com
Phone: +91 – 81415 21000
Website: rajnandinifashion.com
Disclaimer
This article is published by the Namo.in team and founder only for educational and informational purposes. All investment and financial decisions should be made after your own research and analysis. Any profit or loss in the stock market, IPO, or financial market will be your own responsibility.
