IPO Listed — 03 Jun 2026
Listing Price: ₹63
Rajnandini Fashion India SME IPO GMP History | Listing Price ₹63 & Kostak Rate
Rajnandini Fashion India SME IPO has been listed on June 3, 2026 at a listing price of ₹63, against the issue price of ₹63 — a gain of ₹0 (+0%). The GMP peaked at ₹8 on 25 May 2026 and reached a low of ₹7 on 2 June 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Rajnandini Fashion India SME IPO raised ₹18 Cr. through its IPO at a price band of ₹59 to ₹63 per share, with a lot size of 2000 shares. The IPO was open for subscription from 26 May 2026 to 29 May 2026.
Table of Contents
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 02 Jun 2026 | ₹ 7 | 11% | ₹ 0 | ₹ 0 | |
| 29 May 2026 | ₹ 7 | 11% | ₹ 0 | ₹ 0 | |
| 27 May 2026 | ₹ 7 | 11% | ₹ 0 | ₹ 0 | |
| 26 May 2026 | ₹ 7 | 11% | ₹ 0 | ₹ 0 | |
| 25 May 2026 | ₹ 8 | 13% | ₹ 0 | ₹ 0 |
Rajnandini Fashion India SME IPO Dates
| Event | Date |
|---|---|
| Open Date | 26 May, 2026 |
| Close Date | 29 May, 2026 |
| Allotment Date | 01 Jun, 2026 |
| Refund Date | 02 Jun, 2026 |
| Credit to Demat | 02 Jun, 2026 |
| Listing Date | 03 Jun, 2026 |
Rajnandini Fashion India SME IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹63 |
| GMP-Based Estimate (Pre-Listing) | ₹70 (+11.1%) |
| Actual Listing Price | ₹63 (+0%) |
| Listing Gain / Loss | +₹0 per share |
| Listing Date | 03 Jun, 2026 |
Is Rajnandini Fashion India SME IPO GMP Reliable?
Grey market premium for Rajnandini Fashion India SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Rajnandini Fashion India SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Rajnandini Fashion India SME IPO IPO Kostak Rate Explained
The Kostak rate for Rajnandini Fashion India SME IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Rajnandini Fashion India SME IPO
The company offers a wide range of products including kurtis, sarees, gowns, maternity wear, co-ord sets and fashion accessories. Rajnandini Fashion India follows a business model that combines in-house manufacturing with outsourcing to maintain flexibility and cost efficiency. Its products are sold through major e-commerce platforms as well as wholesale and retail channels. The company has also expanded its manufacturing capabilities in Surat and Jaipur to improve quality control, faster delivery and better inventory management.
Strengths & Risks
Strengths
- ✓ Strong presence across major e-commerce platforms like Amazon, Flipkart, Myntra and Ajio.
- ✓ Diverse women’s apparel portfolio covering ethnic, casual and maternity wear categories.
- ✓ Recently added in-house manufacturing units in Surat and Jaipur, improving production control.
- ✓ Operates in both B2B and B2C segments, helping diversify revenue streams.
- ✓ Revenue and profit growth remained strong in FY25 with improving scale of operations.
Risks
- ⚠ Business is highly dependent on changing fashion trends and customer preferences.
- ⚠ Heavy reliance on third-party online marketplaces may impact margins and visibility.
- ⚠ Limited experience in large-scale manufacturing as the company earlier focused mainly on trading.
- ⚠ Apparel business is working-capital intensive due to inventory and receivables pressure.
- ⚠ High competition in value-fashion and women’s apparel segment can pressure pricing and profitability.
Frequently Asked Questions about Rajnandini Fashion India SME IPO
What is the GMP of Rajnandini Fashion India SME IPO?
The current Grey Market Premium (GMP) of Rajnandini Fashion India SME IPO is ₹ 7.
What is the Kostak Price of Rajnandini Fashion India SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Rajnandini Fashion India SME IPO is : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.
What is the Subject to Sauda Price of Rajnandini Fashion India SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.
What was the actual listing price of Rajnandini Fashion India SME IPO?
Rajnandini Fashion India SME IPO listed on June 3, 2026 at ₹63, against the issue price of ₹63 — a gain of +0%.
How did the GMP of Rajnandini Fashion India SME IPO trend before listing?
The GMP of Rajnandini Fashion India SME IPO was stable in its final days before listing. The GMP peaked at ₹8 on 25 May 2026. View the day-wise table above for the complete GMP history.
Explore Rajnandini Fashion India SME IPO Further
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