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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Setting up a New Manufacturing Facility
Funding capital expenditure for setting up an additional apparel manufacturing facility.
Repayment of Borrowings
Prepayment or repayment of a portion of outstanding credit facilities.
Working Capital Requirements
Meeting incremental working capital requirements to support business expansion.
General Corporate Purposes
Funding general corporate requirements and administrative operational expenses.
(₹ in Crore)
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Rajnandini Fashion India Limited, incorporated in 2010, is an Indian women's apparel company headquartered in Jaipur, Rajasthan, with corporate operations in Surat, Gujarat. The company designs, manufactures, and trades ethnic and casual women's wear, featuring an extensive catalog of sarees, dress materials, ready-to-wear kurtis, ethnic sets, and maternity clothing. The company operates in-house design and manufacturing units across Surat and Jaipur, supporting product development across proprietary brand labels such as Merira, Monira, Roly Poly, and Rajnandini. Its business model spans both business-to-business (B2B) wholesale distribution and business-to-consumer (B2C) e-commerce channels, retailing through its online portal as well as major Indian e-commerce marketplaces. Rajnandini Fashion serves retail consumers, regional distributors, and e-commerce platforms across multiple states in India. Capital raised through its initial public offering is designated for establishing a new production facility, meeting working capital requirements, prepaying existing credit facilities, and supporting general corporate initiatives.
Rajnandini Fashion India Limited raised ₹5.17 crore from anchor investors on May 23, 2026, allocating 8,20,000 equity shares at the upper price band of ₹63 per share to institutional investors.
Source: RHP • Analysis provided for informational purposes
Last Updated: 22 August 2026, 8:37 AM
Established Multi-Brand Apparel Catalog
The company maintains several proprietary fashion labels offering diverse women's ethnic and casual wear across price points.
Omnichannel Distribution Model
A combined footprint across wholesale B2B channels, proprietary e-commerce platforms, and major online marketplaces ensures broad consumer reach.
In-House Design and Production Facilities
Manufacturing setups in Surat and Jaipur allow operational flexibility in pattern development, quality control, and order execution.
Highly Dynamic Consumer Fashion Preferences
The women's apparel sector experiences rapid shifts in fashion trends, making inventory management and product turnover critical to profitability.
Intense Market Competition
Operates in a fragmented market facing rivalry from both unorganized apparel manufacturers and established domestic brands.
Working Capital and Inventory Demands
Maintaining broad inventory lines across seasonal collections requires substantial working capital commitment.
Rajnandini Fashion India Limited
G1-41, RIICO, Tonk Road, Sitapura Industrial Area, Jaipur - 302022, Rajasthan, India
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