Rajnandini Fashion India IPO Subscribed 202.99 Times on Day 3
5paisa Capital Ltd
- 2 min read
Last Updated: 29th May 2026 - 05:27 pm
Rajnandini Fashion India Limited's initial public offering (IPO) closed its three-day subscription window with exceptional investor interest, reaching 202.99 times overall subscription by 4:44 PM on Day 3 (May 29, 2026). The ₹18.21 crore book-build issue, priced at ₹59 to ₹63 per share, received bids for 39,09,68,000 shares against 19,26,000 shares on offer, with total applications reaching 53,172.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Subscription Status of Rajnandini Fashion India IPO
| Date | QIB | NII | Individual Investors | Total |
|---|---|---|---|---|
| Day 1 (May 26) | 3.51 | 2.15 | 0.46 | 1.69 |
| Day 2 (May 29) | 3.51 | 11.04 | 7.18 | 6.97 |
| Day 3 (May 27) | 122.04 | 393.24 | 167.31 | 202.99 |
Here are the subscription details for Rajnandini Fashion India Day 3, as of 5:14 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 8,18,000 | 8,18,000 | 5.15 |
| Market Maker | 1.00 | 1,46,000 | 1,46,000 | 0.92 |
| QIB | 122.04 | 5,48,000 | 6,68,78,000 | 421.33 |
| NII | 393.24 | 4,14,000 | 16,28,02,000 | 1,025.65 |
| Individual Investors | 167.31 | 9,64,000 | 16,12,88,000 | 1,016.11 |
| Total | 202.99 | 19,26,000 | 39,09,68,000 | 2,463.10 |
Key Highlights – Day 3
- Overall subscription surged to 202.99 times on the final day, from Day 2's 6.97 times, driven by a sharp last-day surge across all investor categories.
- Non-institutional investors led with exceptional demand at 393.24 times, surging from Day 2's 11.04 times, with bNII at 490.63 times and sNII at 198.46 times, reflecting extraordinary HNI appetite for this women's apparel SME IPO.
- Qualified institutional buyers (ex-anchor) surged to 122.04 times from Day 2's 3.51 times, indicating heavy institutional interest concentrated on the closing day.
- Individual investors recorded strong participation at 167.31 times, surging from Day 2's 7.18 times.
Key Highlights – Day 2
- Overall subscription reached 6.97 times, improving from Day 1's 1.69 times.
- Non-institutional investors improved to 11.04 times from Day 1's 2.15 times, with bNII at 12.62 times and sNII at 7.88 times.
- Individual investors improved to 7.18 times from Day 1's 0.46 times.
- Qualified institutional buyers (ex-anchor) held steady at 3.51 times, unchanged from Day 1.
Key Highlights - Day 1
- Overall subscription reached 1.69 times on Day 1 (May 26, 2026), reflecting strong initial investor interest in this women's apparel SME IPO.
- Qualified institutional buyers (ex-anchor) crossed full subscription at 3.51 times on the opening day.
- Non-institutional investors recorded 2.15 times, with bNII at 3.07 times and sNII at 0.30 times on Day 1.
- Individual investors showed subdued participation at 0.46 times on Day 1.
- Anchor investors fully subscribed their allocation of ₹5.15 crores on May 25, 2026.
About Rajnandini Fashion India Limited
Incorporated in 2010, Rajnandini Fashion India Limited designs, manufactures, and sells women's ethnic and casual apparel including sarees, kurtis, kurta sets, tops, tunics, and maternity gowns under the brands Merira, Monira, Roly Poly, and Rajnandini. The company sells through B2C channels including Amazon, Flipkart, Myntra, Ajio, and Nykaa, as well as B2B supply to wholesalers and retailers.
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