👗 Rajnandini Fashion India IPO Subscription Day 1 Report — 26 May 2026

The Rajnandini Fashion India IPO opened for subscription today on 26 May 2026 on BSE SME. This women's apparel and ethnic wear brand is raising ₹18.21 crore entirely via a fresh issue of 28.90 lakh shares at a price band of ₹59–₹63 per share. Issue closes 29 May 2026, allotment 1 June 2026, listing 3 June 2026.

📊 Day 1 Subscription Status — Category Wise

• Overall Subscription: Day 1 data for Rajnandini Fashion India IPO subscription status is at early stage. Being the first day of a 4-day window, bids are just beginning to trickle in.

• Retail (RII) Category: Retail bids for Rajnandini Fashion India IPO are being recorded. Issue is currently undersubscribed — Day 1 allotment probability is high for early applicants.

• NII / HNI Category: NII participation is at early stage. With GMP at ₹8 (+12.7%), moderate HNI interest is expected to build over Days 2–4.

• QIB Category: QIB quota 50%. Institutional bids expected to come in on Day 3 and Day 4 of the 4-day subscription window. Track live on IPOView.

• IPOView Day 1 Assessment: The standout positive for this IPO is the GMP of ₹8 (+12.7%) on Day 1 itself — indicating grey market confidence despite the tepid overall IPO market. The company processes 2.78 lakh orders annually across Amazon, Flipkart, Myntra, Ajio and other platforms under 4 strong in-house brands. Track live Rajnandini Fashion subscription on IPOView.

📈 Rajnandini Fashion India IPO GMP Today — 26 May 2026

The Rajnandini Fashion India IPO GMP today is ₹8 (+12.7%), indicating an expected listing price of ~₹71 against the upper band of ₹63. The GMP hit a high of ₹8 on 25 May 2026 and has held steady — a positive signal heading into subscription. Track live Rajnandini Fashion GMP on IPOView.

🏭 Company Overview — Rajnandini Fashion India Ltd

Rajnandini Fashion India Limited was incorporated in 2010 and designs, manufactures, and sells women's apparel across ethnic, casual, and fusion wear categories. Its product portfolio spans unstitched dress materials, sarees, kurtis, kurta sets, tops, tunics, co-ord sets, dresses, plus-size garments, and maternity wear — manufactured using poly-cotton, rayon, silk, cotton, and blended fabrics. The company markets under four in-house brands — Merira, Monira, Roly Poly, and Rajnandini — and sells through B2C (Amazon, Flipkart, Myntra, Ajio, Limeroad, Nykaa, Shopsy, own website) and B2B channels. Manufacturing facilities are located in Surat and Jaipur. The company processed 2,78,046 orders in FY25.

📋 IPO Key Details

• Exchange: BSE SME

• Issue Type: Book-Built (100% Fresh Issue, No OFS)

• Issue Size: ₹18.21 Crore | 28.90 lakh shares

• Price Band: ₹59 – ₹63 per share | Face Value: ₹10

• Lot Size: 2,000 shares | Min. Investment: ₹2,52,000 (2 lots = 4,000 shares)

• HNI Min. Investment: ₹3,78,000 (3 lots = 6,000 shares)

• Open Date: 26 May 2026 | Close Date: 29 May 2026

• Allotment Date: 1 June 2026 | Listing Date: 3 June 2026

• Registrar: Bigshare Services Pvt. Ltd.

• Lead Manager: Seren Capital Pvt. Ltd.

💰 Financials — Key Numbers

• Orders Processed FY25: 2,78,046 orders

• Brands: Merira, Monira, Roly Poly, Rajnandini (4 in-house brands)

• B2C Platforms: Amazon, Flipkart, Myntra, Ajio, Limeroad, Nykaa, Shopsy + own website

• Manufacturing: Surat (Gujarat) + Jaipur (Rajasthan)

• IPO Proceeds Use: Working capital and general corporate purposes

✅ Should You Apply?

The Rajnandini Fashion India IPO stands out this week with a GMP of ₹8 (+12.7%) on Day 1 — the strongest GMP among today's newly opened IPOs alongside SMR Jewels. The company has a diversified multi-brand, multi-platform women's apparel business with both B2C and B2B channels and manufacturing in two key textile hubs. However, the small issue size of ₹18.21 crore and competitive women's fashion market are risks to consider. Investors should track Day 3 and Day 4 subscription data before applying. Check live Rajnandini Fashion subscription on IPOView.

Disclaimer: This is not investment advice. Please read the RHP carefully and consult your financial advisor before investing. GMP is unofficial and unregulated.