Rajnandini Fashion India IPO Closing Today 29 May 2026: GMP Rs 8 Signals 13% Listing Gain – Last Day to Apply on BSE SME
- May 29, 2026
- Posted by: Neeraj Pandey
- Category: IPO
The Rajnandini Fashion India IPO closes TODAY (29 May 2026) – Day 4 and the FINAL day to apply on BSE SME. The Rs 18.21 crore women’s apparel issue carries a grey market premium of Rs 8, indicating an expected listing price of approximately Rs 71 – a 12.7 percent gain above the upper band of Rs 63. This is the last opportunity to apply. Allotment is on 1 June 2026 and listing on BSE SME is on 3 June 2026.
Rajnandini Fashion India IPO Final Day Details
- CLOSING TODAY: 29 May 2026 – Day 4 and LAST DAY. Apply before 5 PM.
- Open Date: 26 May 2026
- Price Band: Rs 59 to Rs 63 per share
- Issue Size: Rs 18.21 crore (100% fresh issue)
- Face Value: Rs 10 per share
- Lot Size: 2,000 shares
- Minimum Retail: 2 lots = 4,000 shares = Rs 2,52,000 at upper band Rs 63
- Category Split: QIB 50%, NII 15%, Retail 35%
- Allotment Date: 1 June 2026
- Share Credit: 2 June 2026
- Listing Date: 3 June 2026 on BSE SME
- Registrar: Bigshare Services Pvt. Ltd.
- Lead Manager: Seren Capital Pvt. Ltd.
- GMP Closing Day: Rs 8 | Issue price Rs 63 | Expected listing Rs 71 (+12.7%)
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About Rajnandini Fashion India: Women’s Ethnic and Casual Wear From Surat
Rajnandini Fashion India Limited, incorporated in 2010, designs, manufactures and sells women’s ethnic and casual apparel. Products span sarees, kurtis, kurta sets, unstitched dress materials, tops, tunics, gowns, co-ord sets and maternity wear – sold under the brands Merira, Monira, Roly Poly and Rajnandini. Manufacturing is from facilities in Surat and Jaipur, with distribution across e-commerce platforms (Amazon, Flipkart, Meesho) and offline channels. The women’s ethnic wear market in India is growing at 12 to 15 percent annually – driven by rising consumer spending, wedding season demand and the premiumisation of everyday kurta and saree purchases.
- Brands: Merira, Monira, Roly Poly, Rajnandini
- Products: Sarees, kurtis, kurta sets, dress materials, tops, tunics, gowns, co-ord sets, maternity wear
- Channels: Amazon, Flipkart, Meesho + offline distribution
- Manufacturing: Surat and Jaipur facilities
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What the Rs 8 GMP on Closing Day Means
A GMP of Rs 8 on the closing day of the Rajnandini Fashion India IPO, indicating an expected listing of approximately Rs 71 (+12.7% above the upper band of Rs 63), is a meaningful positive signal for a Rs 18.21 crore BSE SME issue. Closing-day GMP typically reflects the most current grey market demand – the fact that Rs 8 has held through Day 4 rather than fading suggests grey market participants are maintaining positions into the final session. However, actual listing price on 3 June will depend on the final subscription numbers (QIB subscription in the final hours being the most watched variable) and broader market conditions on listing day.
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FAQs on Rajnandini Fashion India IPO
Is today the last day to apply for Rajnandini Fashion India IPO?
Ans. Yes. Rajnandini Fashion India IPO closes TODAY, 29 May 2026 – Day 4 and the final day to apply. Price band is Rs 59-63 on BSE SME. Apply via UPI or ASBA before 5 PM. GMP is Rs 8, indicating expected listing at Rs 71 (+12.7%). Allotment 1 June, listing 3 June 2026.
What is the Rajnandini Fashion India IPO GMP today?
Ans. Rajnandini Fashion India IPO GMP is Rs 8 on closing day (29 May 2026), indicating an expected listing price of approximately Rs 71 – 12.7% above the upper band of Rs 63. GMP is an unofficial indicator. Minimum retail investment is Rs 2,52,000 (4,000 shares at Rs 63 upper band).
Disclaimer: This article is for informational and educational purposes only. Nothing in this article constitutes investment advice, a recommendation to buy or sell securities, or a solicitation of any offer to buy or sell securities. Univest is a SEBI-registered research analyst (INH000014019). Readers should conduct their own research and consult a SEBI-registered investment advisor before making any investment decisions. Past performance of any stock or sector is not indicative of future results. Investments in equity markets are subject to market risks.
