RF
RF

Rajnandini Fashion IPO

Upcoming SME
Open May 26
Close May 29
Listing -

Market Sentiment

Grey Market Premium What is GMP?
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Subscription Status
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Score appears once GMP/subscription data is in. Disclaimer.

IPO Details

Issue Price₹59-63 per equity share

Resources & Documents

Rajnandini Fashion IPO — Quick Take

Rajnandini Fashion has set a price band of Rs 59–Rs 63 per share. The SME issue is scheduled to open for subscription on May 26, 2026 — 5 days from now.

All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.

Frequently Asked Questions

The price band of Rajnandini Fashion IPO is Rs 59 to Rs 63 per share.

Rajnandini Fashion IPO opens for subscription on May 26, 2026 and closes on May 29, 2026.

You can apply for Rajnandini Fashion SME IPO online before 29 May 2026 through any UPI-enabled broker app (Zerodha, Groww, Upstox, Angel One, ICICI Direct, HDFC Securities, or any SEBI-registered broker), or via your bank's ASBA-enabled net banking. Steps: (1) Open your broker app or your bank's ASBA portal. (2) Search for Rajnandini Fashion in the IPO section — the issue must be in the Open window to apply. (3) Enter your bid: select the number of lots (minimum 1 lot) and bid at the cut-off price for the highest retail allotment chance. (4) Approve the UPI mandate that arrives on your bidding bank account — this blocks the application amount until allotment, and the funds stay in your account until shares are allotted. Allotment is finalized within 3 working days of the close date. See our How to Apply for an IPO guide for step-by-step screenshots, and the ASBA vs UPI Mandate explainer for how the payment block works.

Consider the IPO's GMP trend, subscription demand, financial health and industry valuation before applying. Full breakdown is available on this page. For how our scoring works, see our How We Recommend guide. This is informational and not investment advice — consult a SEBI-registered advisor.

Understanding Grey Market Premium (GMP)

The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.

How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.

Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.

Factors that influence GMP:

  • Subscription levels — Higher subscription typically drives GMP up
  • Market conditions — Bullish markets tend to boost GMP across all IPOs
  • Company fundamentals — Strong financials and growth potential attract premium
  • Industry sentiment — Positive outlook for the sector can increase demand
  • IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP

Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.

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