Rajnandini Fashion India came to market through an SME IPO that opened on 26 May 2026 and closed on 29 May 2026, and the shares listed on 3 June 2026 on BSE SME. The price band was ₹59 to ₹63 per share and one lot was 2000 shares, so the minimum application was ₹1,26,000. The issue size was ₹18.21 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt Ltd was the registrar to the issue, and Seren Capital Pvt.Ltd was the lead manager.
As of 29 May 2026.
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Rajnandini Fashion is incorporated in the year 2010 and produces ethnic as well as casual wear for women through both online and offline modes of sale. The ethnic wear offered by us is sarees, kurtis, kurta sets, unstitched dress materials, whereas our casual wears comprise of tops, tunics, dresses, and maternity gowns, which are made of various fabrics like cotton, rayon, silk, and poly-cotton. The business is divided into two segments: 1. B2C or Business-to-Consumer:
Sale of goods through our website and other popular e-commerce websites such as Amazon, Flipkart, Myntra, Ajio, Nykaa, etc. The company processed a total of 2.8 lakh orders in FY 2025. 2. B2B or Business-to-Business: Supply of fabric and stitched ready-made garments to wholesalers, retailers, and garment processors. Revenue from B2B segment during FY 2025 stood at Rs 1,170.31 lakh. The products are sold under four brands namely Merira, Monira, Roly Poly, and Rajnandini, which serve varying price brackets.
Product prices are generally between ₹250 and ₹2,000, based on the product type. Company first manufacturing unit was started in Surat in 2023 and then shifted to Jaipur in 2024. Our Surat manufacturing unit has 90 sewing machines, while that of Jaipur has 50 sewing machines. As of August 31, 2025, the company had a total workforce of 207 permanent employees.
As described in the offer document.
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Vikesh Sushil Lunawat, Sushil Kumar Lunawat, Priyanka Chopra. Promoter holding 97.19% before the issue.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Rajnandini Fashion India IPO was a ₹18.21 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹59–₹63 per share with a lot size of 2,000 shares; the minimum retail application was 4,000 shares (₹2,52,000). The IPO was open from May 26 to May 29, 2026 and was subscribed 203.82x. Shares listed on BSE SME on June 3, 2026 at ₹63, in line with the issue price of ₹63. Bigshare Services Pvt Ltd is the registrar.
Seren Capital Pvt. Ltd. is the book running lead manager.
The price band of Rajnandini Fashion India IPO is ₹59 to ₹63 per share.
The lot size of Rajnandini Fashion India IPO is 2000 shares.
The minimum investment for Rajnandini Fashion India IPO is approximately ₹2,52,000 based on the upper price band.
The allotment date of Rajnandini Fashion India IPO is Jun 1, 2026.
Rajnandini Fashion India IPO's final recorded GMP before listing was ₹6 per share (a 10% premium over the ₹63 upper price band). The shares listed at ₹63. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Rajnandini Fashion India IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Rajnandini Fashion India IPO allotment status on Rupix for quick and easy access.
₹59 to ₹63 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 2000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,26,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,26,000, for one lot of 2000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 26 May 2026 and closed on 29 May 2026.
The basis of allotment was published on 1 June 2026 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 3 June 2026 on BSE SME.
The issue size was ₹18.21 crore. The fresh issue was 28,90,000 shares (aggregating up to ₹18.21 crore).