Rajnandini Fashion's ₹18.21 cr SME IPO allotment due today; issue drew 203.74x demand
Women's apparel seller Rajnandini Fashion India closes its SME IPO with 203.74x subscription at the ₹59-63 price band. Grey market premium of ₹7 points to an ~11% listing pop on BSE SME debut June 3. Allotment expected June 1 via Bigshare Services; 28.9 lakh shares on offer.
Women's apparel seller Rajnandini Fashion India's ₹18.21 crore SME IPO allotment expected June 1, listing June 3 on BSE SME. Issue subscribed 203.74x; GMP at ₹7 signals ~11% listing premium over ₹63 issue price.