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The Economic Times

Akash Podishetti

Rajnandini Fashion India IPO: Check GMP, price band, subscription and other details

IPO BSE BSE SME HNI

The IPO of Rajnandini Fashion India will open for subscription on Tuesday, with grey market activity indicating a modest premium ahead of the SME issue. According to market trackers, the IPO was commanding a grey market premium (GMP) of around 10% ahead of opening.

Based on the upper price band of Rs 63, the GMP implies a potential listing price of around Rs 69-70 per share in the unofficial market. The BSE SME issue aims to raise around Rs 18.2 crore through an entirely fresh issue of 28.9 lakh equity shares.

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