31 Mar 2023
Assets11.71
Total Income28.02
EBITDA1.03
Profit After Tax0.37
NET Worth1.95
Reserves and Surplus1.73
Total Borrowing6.19
At a glance
Updated 2026-09-09Rajnandini Fashion India is a SME IPO with an issue size of ₹18.21 crore, proposed for listing on BSE SME. The offer opens on 26th May 2026 and closes on 29th May 2026. The issue structure includes a fresh issue of ₹17.29 crore.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹18.21 Cr
Fresh issue₹17.29 Cr
Face value₹10
Price band₹59.00–₹63.00
Allotment1st Jun 2026
Listing3rd Jun 2026
Grey market
GMP page ↗Latest GMP₹6.00
GMP / upper price9.52%
Est. listing₹69.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens26th May 2026
Closes29th May 2026
Allotment1st Jun 2026
Refund2nd Jun 2026
Demat2nd Jun 2026
Listing3rd Jun 2026
Subscription demand
Full bidding ↗QIB122.04×
sHNI199.64×
bHNI321.23×
NII / HNI321.23×
Retail168.63×
Total203.74×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 4000 | ₹252,000 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Funding of capital expenditure for setting up a new manufacturing facility | ₹1.35 Cr |
| Funding for repayment of a portion of certain borrowings availed by the Company | ₹5.50 Cr |
| Utilization towards working capital requirements | ₹7.00 Cr |
| General Corporate Purposes | ₹1.28 Cr |
| Issue expenses | ₹3.07 Cr |
| Total | ₹18.21 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue31.22₹ Cr · -0.2% vs prior year
EBITDA7.11₹ Cr · -4.9% vs prior year
PAT5.14₹ Cr · +1.6% vs prior year
Assets35.80₹ Cr · +41.2% vs prior year
Net Worth14.42₹ Cr · +54.9% vs prior year
Borrowing13.96₹ Cr · +57.9% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets15.74
Total Income23.60
EBITDA3.79
Profit After Tax2.29
NET Worth4.24
Reserves and Surplus4.02
Total Borrowing7.01
31 Mar 2025
Assets25.35
Total Income31.27
EBITDA7.48
Profit After Tax5.06
NET Worth9.31
Reserves and Surplus9.09
Total Borrowing8.84
31 Dec 2025
Assets35.80
Total Income31.22
EBITDA7.11
Profit After Tax5.14
NET Worth14.42
Reserves and Surplus6.94
Total Borrowing13.96
KPIs
| KPI | Mar 31, 2025 | Dec 31, 2025 |
|---|---|---|
| ROE | 74.74% | 43.32% |
| ROCE | 40.00% | 24.39% |
| Debt / Equity | 0.95% | 0.97% |
| RoNW | 54.41% | 35.64% |
| PAT Margin | 16.50% | 16.99% |
| EBITDA Margin | 24.38% | 23.49% |
| Price to Book Value | 5.06 | 3.27 |
Valuation & shareholding
Pre-IPO EPS6.77
Post-IPO EPS6.61
Pre-IPO P/E9.31
Post-IPO P/E9.53
Promoter holding pre97.19%
Promoter holding post70.11%
Market cap₹65.33 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Rajnandini Fashion India IPO | — | 12.94 x | — | — |
| Ashutosh Fibre IPO | — | 12.55 x | — | — |
| Madhur Knit IPO | — | 13.35 x | — | — |
| Fascinate Textiles IPO | — | 36.97 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Funding of capital expenditure for setting up a new manufacturing facility | ₹1.35 Cr |
| Funding for repayment of a portion of certain borrowings availed by the Company | ₹5.50 Cr |
| Utilization towards working capital requirements | ₹7.00 Cr |
| General Corporate Purposes | ₹1.28 Cr |
| Issue expenses | ₹3.07 Cr |
| Total | ₹18.21 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Seren Capital Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-09.
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