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

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.

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.