The company sees the upcoming IPO as a significant step to strengthen its brand visibility, expand its product portfolio and further advance its franchise expansion
Ajmera Fashion, a Surat-based ethnic fashion brand, is preparing to step into the public markets with a proposed Initial Public Offering (IPO). This IPO’s Draft Red Herring Prospectus (DRHP) is expected to be filed between the third and fourth quarters of the financial year 2027.
The company sees the upcoming IPO as a significant step to strengthen its brand visibility, expand its product portfolio and further advance its franchise expansion across the country. Ahead of its IPO, the company is exploring a pre-IPO private placement to strengthen its capital base. The proposed round is expected to value the company at around Rs 300 crore, with approximately 5 per cent equity likely to be offered to investors.
“We started this journey with one goal in mind: to make the textile business more accessible for small retailers and first-time entrepreneurs. Ajmera Fashion has built credibility that deeply connects with India’s emerging markets. The upcoming IPO is a significant step to strengthen our brand visibility, expand our product portfolio, and further advance our franchise expansion across the country,” stated Ajay Ajmera, Founder and Chief Executive Officer (CEO), Ajmera Fashion.
The official statement noted that there is a consistent growth in Ajmera Fashion’s financial performance, leading the brand to expect its revenue to reach approximately Rs 200 crore in FY26, a rise from approximately Rs 147 crore in FY25. The profit after tax is expected to increase to Rs 10 to 11 crore from Rs 7 crore in the previous period.
As per the brand’s business goals, this IPO is expected to support Ajmera Fashion’s expansion strategy. The company is aiming to position itself as an accessible and reliable ethnic fashion provider for Indian textile markets and beyond.
