Rajnandini Fashion India SME IPO covered 1.62x on day 1; NIIs, QIBs lead the book

Surat-based women's ethnic and casual wear maker Rajnandini Fashion India saw its ₹18.2 cr SME IPO (price band ₹59-63) fully subscribed on day one, with QIBs at 3.51x and NIIs at 2.14x. Brand sells via Amazon, Flipkart, Myntra, Ajio and Nykaa Fashion. GMP holding at ₹6.

Rajnandini Fashion India's ₹18.2 cr SME IPO covered 1.62x on day one, led by QIBs at 3.51x and NIIs at 2.14x. GMP holds at ₹6.

Mint · Markets · 5/26/2026, 10:12:14 AM · Ask about this →

Rajnandini Fashion India + Ajio + Amazon India + Flipkart + Merira + Myntra + Nykaa Fashion +