Incorporated in 2010, Rajnandini Fashion India Limited is engaged in designing, manufacturing, and selling women’s apparel across ethnic wear and casual wear categories through both online and offline distribution channels.
The company’s ethnic wear portfolio includes sarees, kurtis, kurta sets, and unstitched dress materials, while the casual wear category consists of tops, tunics, dresses, and maternity gowns made using fabrics such as cotton, rayon, silk, and poly-cotton.
Rajnandini Fashion operates through both B2C and B2B business models. Under the B2C segment, the company sells directly through its own website and major e-commerce marketplaces including Amazon, Flipkart, Myntra, Ajio, and Nykaa. The company processed around 22.91 lakh orders as of December 2025.
Under the B2B segment, the company supplies fabrics and ready-made garments to wholesalers, retailers, and garment processors. The B2B business generated revenue of approximately ₹1,523.26 lakh during December 2025.
The company markets products under four brands — Merira, Monira, Roly Poly, and Rajnandini — catering to multiple customer segments and price ranges. Product pricing generally ranges between ₹250 and ₹2,000 depending on category and design.
Rajnandini Fashion established its first manufacturing facility in Surat in 2023 and later expanded operations with a Jaipur manufacturing unit in 2024. The Surat facility houses 90 sewing machines, while the Jaipur unit operates 50 sewing machines. As of April 30, 2026, the company employed 146 permanent employees.
| Event | Date |
|---|---|
| IPO Open Date | Tue, May 26, 2026 |
| IPO Close Date | Fri, May 29, 2026 |
| Tentative Allotment | Mon, Jun 1, 2026 |
| Refund Initiation | Tue, Jun 2, 2026 |
| Credit of Shares | Tue, Jun 2, 2026 |
| Tentative Listing Date | Wed, Jun 3, 2026 |
| Particulars | Details |
|---|---|
| IPO Date | 26 May to 29 May 2026 |
| Listing Date | 3 June 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹59 to ₹63 per share |
| Lot Size | 2,000 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Issue Size | 28,90,000 shares (₹18.21 Cr) |
| Fresh Issue | 28,90,000 shares (₹18.21 Cr) |
| Market Maker Portion | 1,46,000 shares |
| Shareholding Pre Issue | 74,80,000 shares |
| Shareholding Post Issue | 1,03,70,000 shares |
| Registrar | Bigshare Services Pvt. Ltd. |
| Book Running Lead Manager | Seren Capital Pvt. Ltd. |
Refer to RHP for detailed Information.
The company proposes to utilize the net proceeds from the IPO towards the following objectives:
| Application Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 4,000 | ₹2,52,000 |
| HNI Minimum | 3 | 6,000 | ₹3,78,000 |
Registrar: Bigshare Services Pvt.Ltd.
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Rajnandini Fashion India IPO will open on May 26, 2026 and close on May 29, 2026.
The IPO price band is fixed at ₹59 to ₹63 per share.
The minimum lot size is 2,000 shares.
The shares are proposed to be listed on the BSE SME platform.
Bigshare Services Pvt. Ltd. is the registrar to the issue.
The company designs, manufactures, and sells women’s ethnic and casual apparel through online and offline channels across India.
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Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014
Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat
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Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.
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Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014
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Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances : Mr. Nitesh Tanwar : 022 - 66476400 / 66476405
Monarch Networth Capital Limited
Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat
Ahmedabad
“Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad – 380009
Mumbai
Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.
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