Rajnandini Fashion India Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Rajnandini Fashion India Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹63
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,26,000
Issue Size
₹18.21 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.13%
QIB Quota
49.78%
NII Quota
15.09%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Rajnandini Fashion India Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
97.17%
Promoter Holding (Post-Issue)
70.09%
Issue Type
Book Building - SME
ISIN
INE1GM501015
About the Company
The Company is primarily engaged in the design, manufacturing and sale of women's apparel, catering to both ethnic and casual wear categories through online and offline channels. Our ethnic wear portfolio includes unstitched dress materials, sarees, kurtis and kurta sets, while the casual wear portfolio comprises tops, tunics and maternity gowns made of poly-cotton, rayon, silk, cotton and other fabrics.
Industry Overview
The Indian textiles and apparel industry is a significant pillar of the economy, contributing 2.3% to GDP, 13% to industrial production and 12% to exports. Valued at USD 160 billion in FY23, the market is projected to expand at a CAGR of 10% to reach USD 350 billion by FY30. India is the second-largest producer of textiles and garments and the sixth-largest exporter, with exports of USD 36.61 billion in FY25, targeted to increase to USD 100 billion by 2030. Supported by abundant raw material availability, strong domestic demand, policy initiatives such as the PLI Scheme and PM MITRA Parks and growing traction in segments like technical textiles and home textiles, the sector is positioned to strengthen its global presence, while continuing to generate largescale employment and foreign exchange earnings.
Company History
Our Company was incorporated as Vyoum Trade Link Private Limited on October 11, 2010, under the Companies Act, 1956, pursuant to a Certificate of Incorporation issued by the Registrar of Companies, Rajasthan. The name of the Company was changed to Jainam Overseas Private Limited pursuant to a special resolution passed at the Extraordinary General Meeting held on January 09, 2012 and a fresh Certificate of Incorporation was issued by the Registrar of Companies, Rajasthan, on January 20, 2012. Subsequently, the name of the Company was changed to Rajnandini Fashion India Private Limited pursuant to a special resolution passed on June 03, 2024 and a fresh Certificate of Incorporation was issued by the Registrar of Companies, Central Processing Centre, on July 18, 2024. Thereafter, the Company was converted from a private limited company to a public limited company pursuant to a special resolution passed at the Extraordinary General Meeting held on October 05, 2024 and its name was changed to Rajnandini Fashion India Limited vide fresh Certificate of Incorporation dated January 01, 2025, issued by the Registrar of Companies, Central Processing Centre. The Corporate Identification Number (CIN) of the Company is U51109RJ2010PLC033059.
Growth Strategy
- Capacity Expansion and Product Portfolio Diversification to Drive Growth.
- B2B and B2C Expansion.
- Expanding footprints across diverse geographies.
- Leveraging Social Media and External Collaborations
- Adherence to Customer Specifications and Quality Standards.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of 28,90,000 equity shares of face value of Rs.10/- each (the "Equity Shares") of Rajnandini Fashion India Limited ("the Company" or "RFIL" or "the Issuer") at an issue price of Rs. 63 per equity share for cash aggregating to Rs.18.21 Crores ("Public Issue") out of which 1,46,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 63 per equity share for cash aggregating to Rs. 0.92 Crores was reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. Net issue of 27,44,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 63 per equity share for cash aggregating to Rs. 17.29 Crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 27.87% and 26.46% respectively of the post-issue paid-up equity share capital of the company. Price Band: Rs. 63/- per equity share of face value of Rs. 10/- each. The floor price is 6.3 times of the face value of the equity shares. Bids can be made for a minimum of 4,000 equity shares and in multiples of 2,000 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Wide range of products across multiple price points.
- Presence across multiple online platforms.
- In-house manufacturing facilities.
- Experienced Management Team & Promoters.
- The company is a women's apparel design, manufacturing and retail company which is vulnerable to variations in demand and changes in consumer preferences, which could has an adverse effect on its business, results of operations and financial condition.
- The company has recently commenced in-house manufacturing of its products and given the company limited operating history in manufacturing, its may faces challenges that could adversely affect the company business, financial condition, results of operations and future growth prospects.
- The company derives a significant portion of its revenue from fabric and apparel trading activities, which is a low-margin and competitive business and may expose its to risks that could adversely affect the company financial performance.
- The company relies substantially on third-party e-commerce platforms for a significant portion of its business and any decision by such platforms to change their policies, delist or restrict sellers, increase fees or commissions, or otherwise alter their operations could adversely affect the company business, financial condition and results of operations.
- The company business is dependent on the sale of casual and ethnic wear products which contributed 78.84%, 75.33%, 90.97% and 97.72% of its revenue from operations for the period ended December 31, 2025, and for Fiscals 2025, 2024 and 2023, respectively. Any variations in demand and changes in customer preferences could has an adverse effect on the company business, financial condition, results of operations and cash flows.