As reported by Business Standard, Rajnandini Fashion India shares debuted at ₹63 per share on the BSE SME platform on June 3, exactly meeting expectations and opening at par with the IPO price. However, the stock traded at ₹62.10, representing a 1.43% discount to the issue price during the trading session. The grey market premium (GMP) for the IPO stood at ₹6 per share, indicating a likely listing price of ₹69, representing a 9.5% premium over the upper limit of the price band. Individual investors who received the allotment made no profit or loss at the time of listing, as the stock opened at par with the IPO price. The minimum investment for individual investors was 4,000 shares in the bookbuilding issue, requiring a minimum investment of ₹2,52,000 based on the issue price. The stock hit a high of ₹64 and low of ₹60.15 during the trading session, with about 13.52 lakh shares changing hands at the counter.
As reported by Business Standard, the public issue of Rajnandini Fashion India was subscribed 189.46 times by the end of Day 3, demonstrating extraordinary investor interest. The retail portion was subscribed 168.63 times, while the Non-Institutional Investors' (NIIs) category was booked 393.63 times and the Qualified Institutional Buyers (QIBs) segment was subscribed 122.04 times. The company received bids for 39.24 crore shares against 19.26 lakh shares on offer. The IPO comprised 28.9 lakh equity shares priced in the range of ₹59-63 apiece in a bookbuilding issue with a fresh issuance of 29 lakh shares worth ₹18.21 crore. Ahead of the IPO launch, the company mobilised ₹5.15 crore from anchor investors through the anchor investor bidding process conducted on May 25, 2026, with the board allotting 8.18 lakh shares at ₹63 each to 4 anchor investors.
According to reports from Business Standard, the allotment of Rajnandini Fashion India shares is likely to be finalised on June 1, with shares to be transferred to successful bidders' demat accounts on June 2. The shares are scheduled to be listed on the BSE SME platform on June 3. The public issue was available for subscription from May 26 to May 29, with the basis of allotment finalised on June 1. Bidders can check their allotment status through the Bombay Stock Exchange website or Bigshare Services, the registrar of the issue. The company is among four companies scheduled for stock market debut during the week, all in the SME segment.
According to reports from Live Mint, the grey market premium (GMP) for Rajnandini Fashion India IPO stood at ₹6 per share, indicating a likely listing price of ₹69, representing a 9.5% premium over the upper limit of the price band. The GMP indicates strong investor confidence ahead of the listing. However, Live Mint notes that GMP does not represent official data and is based on speculation. The IPO lot size was fixed at 2,000 shares, with retail investors required to apply for a minimum of two lots, equivalent to 4,000 shares, translating into a minimum investment of around ₹2,90,000 at the upper end of the price band.
As reported by Business Standard, Rajnandini Fashion designs, produces, and sells women's apparel in ethnic and casual wear categories using both offline and online channels. The company operates in both the B2C (Business-to-Consumer) and B2B (Business-to-Business) segments. Established in 2010, the company caters to ethnic wear including sarees, kurtis, kurta sets and unstitched dress materials, as well as casual wear including tops, tunics, dresses and maternity gowns. The firm plans to use the proceeds of the public issue for working capital requirements, funding of capital expenditure for establishing a new manufacturing facility, repayment of borrowings and general corporate purposes. The company operates over 140 industrial sewing units across dual manufacturing hubs in Surat and Jaipur, maintaining a balanced hybrid distribution structure with direct sales via native storefronts and top-tier marketplaces including Amazon, Myntra, Ajio, and Flipkart. As of April 30, 2026, the company had a total workforce of 146 permanent employees across its locations. The company recorded revenue from operations of ₹30.25 crore and net profit of ₹5.14 crore for the period ended December 31, 2025.
