Rajnandini Fashion's Rs 18.21 cr SME IPO subscribed 189x; lists June 3 with Rs 7 GMP
Women's ethnic and casual wearmaker priced its BSE SME IPO at Rs 59-63 with a 29 lakh share fresh issue. Demand ran hot: NII 291x, retail 169x, QIB 122x. Grey market premium of Rs 7 implies a modest 11% listing pop. Proceeds fund working capital, a new manufacturing facility and debt repayment.
Rajnandini Fashion's Rs 18.21 cr SME IPO closed 189x subscribed; shares list June 3 on BSE SME with a Rs 7 grey market premium.
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