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(21/05/2026 16:10)

Rajnandini Fashion announces launch of initial public offering

Rajnandini Fashion India Ltd. has announced public offering of 2890000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 53.00 per share. The gross proceeds of the issue are expected to be Rs 1,820.70 lakhs.

The company's initial public offer (IPO) will open on 26 May 2026 and is expected to close on 29 May 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 59.00-63.00 per share.

The IPO includes a fresh Issue of 2890000 Equity Shares of the Company at an price of Rs 63.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Rajnandini Fashion India Ltd. anticipates using the proceeds of the issue for .

Seren Capital Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.
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