Rajnandini Fashion India IPO GMP Day 2 27 May 2026: GMP Rs 8 Signals 13% Listing Gain, Surat Women’s Apparel BSE SME

May 27, 2026
Posted by: Ankit Jaiswal
Category: IPO

Rajnandini Fashion India IPO Day 2 (27 May 2026): GMP Rs 8 (+13% listing estimate). Price band Rs 59-63 on BSE SME. Women’s ethnic and casual wear. Closes 29 May, lists 3 June.

The Rajnandini Fashion India IPO is on Day 2 of its four-day subscription window today (27 May 2026). The Rs 18.21 crore BSE SME IPO carries a grey market premium of Rs 8 as of 25-26 May, indicating an expected listing price of approximately Rs 71, a 13 percent gain above the upper band of Rs 63. The issue opened on 26 May 2026 and closes on 29 May 2026. Listing is on BSE SME on 3 June 2026.

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Rajnandini Fashion India IPO Day 2 Key Details

Subscription Day: Day 2 of 4
Open Date: 26 May 2026
Close Date: 29 May 2026
Allotment Date: 1 June 2026
Listing Date: 3 June 2026 on BSE SME
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
Category Split: QIB 50%, NII 15%, Retail 35%
Registrar: Bigshare Services Pvt. Ltd.
Lead Manager: Seren Capital Pvt. Ltd.
GMP Day 2: Rs 8 | Issue price Rs 63 | Expected listing Rs 71 (+12.7%)

About Rajnandini Fashion India: Women’s Ethnic and Casual Wear

Rajnandini Fashion India Limited, incorporated in 2010, designs, manufactures and sells women’s ethnic and casual apparel through both online and offline channels. The company operates through B2C and B2B models and sells products under multiple brands including Merira, Monira, Roly Poly and Rajnandini. Product categories include sarees, kurtis, kurta sets, unstitched dress materials, tops, tunics, gowns, co-ord sets and maternity wear. Manufacturing is carried out from facilities in Surat and Jaipur. Distribution covers leading e-commerce platforms across India alongside an offline retail presence.

Founded: 2010 | Headquarters: Surat, Gujarat
Products: Ethnic wear (sarees, kurtis, kurta sets), casual wear (tops, tunics, gowns), maternity wear, fashion accessories
Brands: Merira, Monira, Roly Poly, Rajnandini
Channels: B2C and B2B, e-commerce platforms + offline distribution
Manufacturing: Facilities in Surat and Jaipur

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What the Rs 8 GMP Means

A GMP of Rs 8 on the Rajnandini Fashion India IPO at the upper band of Rs 63 implies an expected listing price of approximately Rs 71, a 12.7 percent gain. For a Rs 18.21 crore BSE SME issue, a Rs 8 GMP on Day 2 reflects genuine grey market interest. However, GMP is an unofficial indicator and can move significantly on Day 3 and Day 4 as subscription numbers build. The QIB and NII categories typically fill on Day 3, final subscription data on 29 May will be the definitive demand signal.

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.

FAQs on Rajnandini Fashion India IPO

What is the Rajnandini Fashion India IPO GMP on Day 2?

Ans. Rajnandini Fashion India IPO GMP is Rs 8 on Day 2 (27 May 2026), indicating an expected listing price of Rs 71, approximately 12.7% above the upper band of Rs 63. GMP is an unofficial indicator and not a guaranteed listing price. The issue closes 29 May and lists 3 June 2026 on BSE SME.

What is the Rajnandini Fashion India IPO price and lot size?

Ans. Rajnandini Fashion India IPO price band is Rs 59 to Rs 63 per share. Lot size is 2,000 shares. Minimum retail investment is 2 lots (4,000 shares) at Rs 63 upper band = Rs 2,52,000. The issue closes 29 May 2026 and lists on BSE SME on 3 June 2026.

IPO GMP Day 2

Author: Ankit Jaiswal

Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.