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RFIL · BSE · Apparel and Fashion
Rajnandini Fashion India IPO listed on 03 Jun 2026 on BSE at ₹63.00, a gain of 0.00% over the issue price of ₹63.00. The IPO was subscribed 203.67x overall.
Rajnandini Fashion India IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 26 May 2026 |
| IPO Close Date | 29 May 2026 |
| Basis of Allotment | 01 Jun 2026 |
| Initiation of Refunds | 02 Jun 2026 |
| Credit of Shares to Demat | 02 Jun 2026 |
| Listing Date | 03 Jun 2026 |
Listing day gain
+0%
Listed at ₹63 (issue ₹63)
Issue
₹63
Listing
₹63
Current
₹60.57
-3.86% vs issue
Day range
₹60 – ₹64
Issue Size
2,890,000 shares
(aggregating up to ₹18.00 Cr)
Issue Price
₹59 – ₹63
Face Value
₹10/share
Market Lot
2,000 shares
Retail Min Investment
₹252,000
Listing At
BSE
Sale Type
fresh issue
Fresh Issue
2,744,000 shares
(aggregating up to ₹17 Cr)
Offer for Sale
[.]
Reserved for Market Maker
146,000 shares
(aggregating up to ₹0.92 Cr)
Issue Type
book building
Open Date
26 May
Close Date
29 May
Allotment
01 Jun
Listing
03 Jun
Last updated: 4 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 02 Jun 2026 Latest | ₹63 | ₹7 | ₹70 | ₹7 |
11.11%
|
10:23 AM |
| 01 Jun 2026 | ₹63 | ₹7 | ₹70 | ₹7 |
11.11%
|
11:01 AM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 29 May 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 122.04x | - |
| NII | 393.62x | - |
| bNII (bids above ₹10L) | 490.63x | - |
| sNII (bids below ₹10L) | 199.59x | - |
| Individual Investors | 168.49x | - |
| Total | 203.67x | - |
Showing the latest subscription snapshot.
View full subscription historyVikesh Sushil Lunawat, Sushil Kumar Lunawat and Priyanka Chopra are the promoters of the Company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹252,000 |
| Retail (Max) | 2 | 4,000 | ₹252,000 |
| S-HNI (Min) | 3 | 6,000 | ₹378,000 |
| S-HNI (Max) | 7 | 14,000 | ₹882,000 |
| B-HNI (Min) | 8 | 16,000 | ₹1,008,000 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 1,366,000 (47.27%) |
| NII (HNI) Shares Offered | 414,000 (14.33%) |
| Individual Investors Shares Offered | 964,000 (33.36%) |
| Market Maker Shares Offered | 146,000 (5.04%) |
| Total Shares Offered | 2,890,000 (100.00%) |
Rajnandini Fashion India Limited has been around since 2010, though it went through a couple of name changes before settling on its current identity in January 2025. The company is based in Sitapura Industrial Area, Jaipur, and focuses entirely on women's clothing ethnic wear, casual wear, and everything in between.
Their product range is wide: sarees, kurtis, kurta sets, co-ord sets, tops, dress materials, maternity wear, and plus-size garments. They sell under four own brands Merira, Monira, Roly Poly, and Rajnandini across Amazon, Flipkart, Myntra, Ajio, Nykaa, and their own website.
The IPO is a BSE SME issue of up to 26,88,000 equity shares at a face value of ₹10 each. Seren Capital is the lead manager; Bigshare Services is handling the registrar duties. The issue opens on May 26, 2026.
It's a pure fresh issue no offer for sale component. Promoters Vikesh Sushil Lunawat, Sushil Kumar Lunawat, and Priyanka Chopra are backing the listing
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Revenue | 28.02 | 23.6 | 31.27 |
| Profit After Tax (PAT) | 0.37 | 2.29 | 5.05 |
| EBITDA | 1.03 | 3.79 | 7.48 |
| Total Assets | 11.71 | 15.74 | 25.35 |
| Net Worth | 1.95 | 4.24 | 9.29 |
| Reserves & Surplus | 1.73 | 4.02 | 9.07 |
| Total Borrowing | 6.19 | 7.01 | 8.84 |
Revenue & Profit Trend
The basis of allotment for Rajnandini Fashion India IPO was finalised on 01 Jun 2026. You can check your allotment status using your PAN number or application number on the Bigshare Services Private Limited portal or BSE.
The Rajnandini Fashion India IPO is expected to open in May 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Rajnandini Fashion India IPO is ₹59.00 - ₹63.00 per share.
As per market sources, Rajnandini Fashion India IPO GMP is currently ₹7.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Rajnandini Fashion India IPO stands at 203.67x overall.
The listing date for Rajnandini Fashion India IPO is 03 Jun 2026.
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