Rajnandini Fashion India IPO vs Tipco Engineering IPO

Comparison between Rajnandini Fashion India IPO and Tipco Engineering IPO.

IPO Details

Rajnandini Fashion India IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Tipco Engineering IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Rajnandini Fashion India IPO is up to ₹17.29 Cr whereas the issue size of the Tipco Engineering IPO is up to ₹51.46 Cr. The final issue price of Rajnandini Fashion India IPO is ₹63.00 per share and of Tipco Engineering IPO is ₹89.00 per share.

 Rajnandini Fashion India IPOTipco Engineering IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹59.00 per share₹84.00 per share
Issue Price (Upper)₹63.00 per share₹89.00 per share
Issue Price (Final)₹63.00 per share₹89.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size27,44,000 shares44,27,200 shares
Fresh Issue Size (Amount)up to ₹17.29 Crup to ₹39.40 Cr
OFS Issue Size0 shares13,55,200 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹12.06 Cr
Issue Size Total27,44,000 shares57,82,400 shares
Issue Size Total (Amount)up to ₹17.29 Crup to ₹51.46 Cr

IPO Timetable

Rajnandini Fashion India IPO opens on May 26, 2026, while Tipco Engineering IPO opens on Mar 23, 2026. The closing date of Rajnandini Fashion India IPO and Tipco Engineering IPO is May 29, 2026, and Mar 25, 2026, respectively.

 Rajnandini Fashion India IPOTipco Engineering IPO
Anchor Bid DateMay 25, 2026Mar 20, 2026
Issue OpenMay 26, 2026Mar 23, 2026
Issue CloseMay 29, 2026Mar 25, 2026
Basis Of Allotment (Tentative)Jun 01, 2026Mar 27, 2026
Initiation of Refunds (Tentative)Jun 02, 2026Mar 30, 2026
Credit of Share (Tentative)Jun 02, 2026Mar 30, 2026
Listing date (Tentative)Jun 03, 2026Apr 01, 2026
Anchor Lockin End date 1Jun 30, 2026Apr 26, 2026
Anchor Lockin End date 2Aug 29, 2026Jun 25, 2026

Financials & KPIs

Rajnandini Fashion India IPO P/E ratio is 9.31, as compared to Tipco Engineering IPO P/E ratio of 8.73.

 Rajnandini Fashion India IPOTipco Engineering IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202531 Mar 202531 Mar 202431 Mar 2023
Assets35.8025.3515.7411.71
Total Income31.2231.2723.6028.02
Profit After Tax5.145.062.290.37
EBITDA7.117.483.791.03
NET Worth14.429.314.241.95
Reserves and Surplus6.949.094.021.73
Total Borrowing13.968.847.016.19
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202531 Mar 202531 Mar 202431 Mar 2023
Assets114.55100.9665.7228.04
Total Income86.25133.37101.3635.98
Profit After Tax13.1915.618.452.56
EBITDA20.8923.8512.143.47
NET Worth46.4133.2312.512.57
Reserves and Surplus31.0933.2112.502.56
Total Borrowing37.5237.2325.688.42
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)97.1987.19
Promoter Shareholding (Post-Issue)70.1157.79
P/E Ratio9.318.73
Market Cap₹65.33 Cr.₹184.83 Cr.
ROE74.7468.26
ROCE40.0033.27
Debt/Equity0.951.12
EPS₹6.77₹10.19
RoNW54.4146.98

Shares Offered

In the Rajnandini Fashion India IPO Retail Individual Investors (RII) are offered 9,64,000 shares while in Tipco Engineering IPO retail investors are offered 9,64,000 shares. Qualified Institutional Buyers (QIB) are offered 5,48,000 shares in Rajnandini Fashion India IPO and 11,56,800 shares in Tipco Engineering IPO.

 Rajnandini Fashion India IPOTipco Engineering IPO
Anchor Investor Reservation8,18,000 shares17,20,000 shares
Market Maker Reservation1,46,000 shares10,20,800 shares
QIB5,48,000 shares11,56,800 shares
NII4,14,000 shares8,73,600 shares
RII9,64,000 shares20,32,000 shares
Employee0 shares0 shares
Others
Total27,44,000 shares57,82,400 shares

Bids Received (Subscription)

Rajnandini Fashion India IPO subscribed 143.01x in total, whereas Tipco Engineering IPO subscribed 1.20x.

 Rajnandini Fashion India IPOTipco Engineering IPO
QIB (times)122.04x3.20x
NII (times)393.63x2.12x
Big NII (times)490.63x2.81x
Small NII (times)199.64x0.74x
RII (times)168.63x0.66x
Employee (times)
Other (times)
Total (times)143.01x1.20x

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Rajnandini Fashion India IPO Vs Tipco Engineering IPO