Rajnandini Fashion IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 28.02 | 23.60 | 31.27 | 31.22 |
| Expense | 27.51 | 20.53 | 24.48 | 24.24 |
| Profit (PAT) | 0.37 | 2.29 | 5.05 | 5.14 |
| Total Assets | 11.71 | 15.74 | 25.35 | 35.80 |
| Company | EPS | P/E |
|---|---|---|
| Nandani Creation Limited | 2.41 | 12.33 |
| Libas Consumer Products Limited | 1.23 | 9.99 |
Promoters: Vikesh Sushil Lunawat, Sushil Kumar Lunawat and Priyanka Chopra
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 74,80,000 | 97.19% |
| Promoter Holding Post Issue | 1,03,70,000 | 72.13% |
Strengths & Risks
- Heavily oversubscribed — 203.7x overall (so far).
- Strong institutional (QIB) demand — 122.0x.
- Revenue grew 33% in the latest reported year.
- Solid profit margin — 16.2%.
- Strong return on equity — 75%.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Rajnandini Fashion Designs, founded in 2010, is involved in the manufacturing and selling of women’s clothes and fashion products via online and offline channels. The firm mainly focuses on the sale of ethnic and casual wear under the women’s category. In the Ethnic range, they sell sarees, kurtis, kurta sets, and unstitched dress materials, and under casual wear, they sell tops, tunics, dresses, and maternity gowns using various materials such as cotton, rayon, silk, and poly-cotton. The company runs its business under the B2C model, where they sell its products via its own and 3rd party website like Amazon, Flipkart, Myntra, Ajio, Nykaa, and others, and the B2B model, where they supply the fabrics and garments to wholesalers and retailers. Moreover, its products are sold under 4 brands, including Merira, Monira, Roly Poly, and Rajnandini.
Rajnandini Fashion India Ltd., G1-41, RIICO,, Tonk Road, Sitapura Industrial Area, Jaipur, Rajasthan, 302022
| Purpose | Amount (Cr) |
|---|---|
| Funding of capital expenditure for setting up a new manufacturing facility | 1.41 |
| Repayment of a portion of certain borrowings availed by our Company | 5.50 |
| Utilization towards working capital requirements | 9.00 |
| General Corporate Purpose | - |
Resources & Documents
Rajnandini Fashion has set a price band of Rs 59–Rs 63 per share for an issue size of Rs 18 crore. The stock listed flat against its issue price.
Rajnandini Fashion Designs, founded in 2010, is involved in the manufacturing and selling of women’s clothes and fashion products via online and offline channels. The firm mainly focuses on the sale of ethnic and casual wear under the women’s category.
The issue is promoted by Vikesh Sushil Lunawat, Sushil Kumar Lunawat and Priyanka Chopra with Seren Capital Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding of capital expenditure for setting up a new manufacturing facility (Rs 1 crore) and Repayment of a portion of certain borrowings availed by our Company (Rs 6 crore).
On fundamentals, the company is posting revenue growth of 32.5%, a profit margin of 16.2%, return on equity of 74.6% in its most recent reported period. Listed peers in this segment include Nandani Creation Limited (P/E 12.33x) and Libas Consumer Products Limited (P/E 9.99x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Rajnandini Fashion IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Rajnandini Fashion GMP history and trend, or learn how grey market premium works and how reliable it is.
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