Rajnandini Fashion India SME IPO Subscription Status
Rajnandini Fashion India SME IPO closed on 29 May 2026 with an overall subscription of 203.82x based on shares applied. QIB demand came in at 122.04x, NII at 393.99x, and retail at 168.63x.
Allotment will be finalised on 1 June 2026. The stock is scheduled to list on NSE and BSE on 3 June 2026.
Issue Price
Rs 63.00
GMP Today
Rs 6.00 (+9.52%)
Overall Subscription
203.82x
Issue Size
₹18.21 Cr
Allotment Date
1 Jun 2026
Listing Date
3 Jun 2026
Rajnandini Fashion India SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 63.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 3.45 Cr | Rs 421.33 Cr | 122.04x |
| FII | - | Rs 68.15 Cr | - |
| DFI | - | Rs 3.78 L | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 353.14 Cr | - |
| NII | Rs 2.61 Cr | Rs 1,027.59 Cr | 393.99x |
| bNII (above Rs 10L) | Rs 1.74 Cr | Rs 854.03 Cr | 491.16x |
| Corporate | - | Rs 21.52 Cr | - |
| Individual | - | Rs 819.57 Cr | - |
| Other | - | Rs 12.94 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 86.94 L | Rs 173.57 Cr | 199.64x |
| Corporate | - | Rs 1.58 Cr | - |
| Individual | - | Rs 169.37 Cr | - |
| Other | - | Rs 2.62 Cr | - |
| IND | Rs 6.07 Cr | Rs 1,024.15 Cr | 168.63x |
| Fixed price | - | Rs 1,024.15 Cr | - |
| Total | Rs 12.13 Cr | Rs 2,473.08 Cr | 203.82x |
Rajnandini Fashion India SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 274 | 60 | 0.22x |
| FII | - | 9 | - |
| DFI | - | 1 | - |
| Mutual Funds | - | - | - |
| Other | - | 50 | - |
| NII | 69 | 12,660 | 183.48x |
| bNII (above Rs 10L) | 46 | 8,213 | 178.54x |
| Corporate | - | 205 | - |
| Individual | - | 7,881 | - |
| Other | - | 127 | - |
| sNII (Rs 2L to Rs 10L) | 23 | 4,447 | 193.35x |
| Corporate | - | 41 | - |
| Individual | - | 4,340 | - |
| Other | - | 66 | - |
| IND | 241 | 40,641 | 168.63x |
| Fixed price | - | 40,641 | - |
| Total | 584 | 53,361 | 91.37x |
What Do These Subscription Numbers Mean?
A subscription of 203.82x by shares means the IPO received bids for 204 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 122.04x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 122.04x, it reflects serious institutional conviction.
NII at 183.48x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 178.54x and sNII at 193.35x by applications. Share subscription was 393.99x. Allotment uses application count, not share volume.
At 168.63x subscription by applications, approximately 1 in 169 retail applicants can expect an allotment (~1% per application). Retail allotment is done by lottery when oversubscribed.
Rajnandini Fashion India SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 168.63x.
- •Allotment odds: about 1 in 169 (~1% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 193.35x.
- •Allotment odds: about 1 in 193 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 199.64x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 178.54x.
- •Allotment odds: about 1 in 179 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 491.16x. Allotment uses application count, not share volume.
Check the Rajnandini Fashion India SME IPO Allotment Status page from 1 June 2026 for your allotment result.
Rajnandini Fashion India SME IPO GMP After Subscription
GMP for Rajnandini Fashion India SME stands at Rs 6.00 today, giving an estimated listing price of Rs 69.00 per share.
The GMP has been mixed from Rs 8.00 on 21 May 2026 to Rs 7.00 on 1 Jun 2026.
A subscription of 203.82x combined with a GMP of 9.52% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Rajnandini Fashion India SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Rajnandini Fashion India SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 26 May 2026 | 3.51x | 2.15x | 0.46x | 1.69x |
| Day 2 - 27 May 2026 | 3.51x | 11.04x | 7.18x | 6.97x |
| Day 3 - 29 May 2026 | 122.04x | 393.63x | 168.63x | 203.74x |
Rajnandini Fashion India SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 26 May 2026 |
| IPO Close Date | 29 May 2026 |
| Allotment Date | 1 June 2026 |
| Refund Initiation | 2 June 2026 |
| Share Credit to Demat | 2 June 2026 |
| Listing Date | 3 June 2026 |
| Minimum Investment | Rs 2,52,000.00 |
| Lot Size | 2000 shares |
About Rajnandini Fashion India SME
Rajnandini Fashion India Limited, incorporated in 2010, is a women's apparel manufacturer and trader specializing in both ethnic and casual wear categories. Its diverse product design portfolio spans sarees, kurtis, unstitched dress materials, contemporary tops, tunics, and specialized maternity gowns. The company operates a balanced hybrid distribution structure divided between B2C direct sales via its native storefront alongside top-tier marketplaces (Amazon, Myntra, Ajio, Flipkart), and a stable B2B fabric and readymade apparel distribution network supplying nationwide wholesalers.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Rajnandini Fashion India SME IPO GMP Today
Live GMP, listing price estimate, and listing gain
Rajnandini Fashion India SME IPO Allotment Status
Check allotment result on allotment date
Rajnandini Fashion India SME IPO Details
Financials, peers, strengths, and review
All IPO Subscription Status
Subscription for all active IPOs
Rajnandini Fashion India SME IPO Subscription FAQs
What is Rajnandini Fashion India SME IPO subscription status today?
Rajnandini Fashion India SME IPO subscription closed on 29 May 2026 with overall subscription of 203.82x (by shares) as of 17 July 2026, 2:01 AM IST. QIB 122.04x, NII 183.48x, IND 168.63x.
What is the overall subscription of Rajnandini Fashion India SME IPO?
Rajnandini Fashion India SME IPO is subscribed 203.82x overall by shares at close on 29 May 2026. QIB 122.04x, NII 183.48x, and IND 168.63x.
What is Rajnandini Fashion India SME IPO QIB subscription?
Rajnandini Fashion India SME IPO QIB (Qualified Institutional Buyers) subscription is 122.04x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Rajnandini Fashion India SME IPO IND subscription?
Rajnandini Fashion India SME IPO IND subscription is 168.63x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Rajnandini Fashion India SME IPO NII subscription?
Rajnandini Fashion India SME IPO NII (Non-Institutional Investors) subscription is 183.48x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Rajnandini Fashion India SME IPO for retail?
At 168.63x subscription by applications, approximately 1 in 169 retail applicants can expect an allotment (~1% per application). Allotment is done by lottery.
When is Rajnandini Fashion India SME IPO allotment date?
Rajnandini Fashion India SME IPO allotment date is 1 June 2026. Check Rajnandini Fashion India SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Rajnandini Fashion India SME IPO subscription close?
Rajnandini Fashion India SME IPO subscription closed on 29 May 2026. No new applications are accepted after the close.
What is Rajnandini Fashion India SME IPO GMP today?
Rajnandini Fashion India SME IPO GMP is ₹6 today (+9.52% over issue price ₹63). See live GMP on the Rajnandini Fashion India SME IPO GMP Today page.
What is Rajnandini Fashion India SME IPO issue price and lot size?
Rajnandini Fashion India SME IPO issue price is ₹63 per share. Lot size is 2000 shares. Minimum investment is ₹2,52,000 per lot (minimum 2 lots for SME). Issue size: ₹18.21 Cr.
When is Rajnandini Fashion India SME IPO listing date?
Rajnandini Fashion India SME IPO listing date is 3 June 2026 on NSE and BSE. Allotment is on 1 June 2026.
How does subscription affect Rajnandini Fashion India SME IPO allotment?
Allotment odds in Rajnandini Fashion India SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 183.48x by applications means roughly 1 in 183 for minimum-lot bids; bNII at 178.54x (~1 in 179). At 203.82x overall, competition is very high.
For allotment results from 1 June 2026, visit the Rajnandini Fashion India SME IPO Allotment Status page. For listing day updates on 3 June 2026, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.