Mumbai, June 3 -- The scrip was listed at Rs 63, matching the initial public offer (IPO) price. The stock is currently down 1.43% over its listing price.

The counter hit a high of Rs 64 and a low of Rs 60.15. About 13.52 lakh shares of the company changed hands at the counter.

Rajnandini Fashion India's IPO was subscribed 189.46 times. The issue opened for bidding on 26 May 2026 and it closed on 29 May 2026. The price band of the IPO was fixed between Rs 59 to Rs 63 per share.

The IPO comprised 28,90,000 equity shares. The company intends to utilise the net proceeds for funding of capital expenditure for setting up a new manufacturing facility, repayment of a portion of certain borrowings availed by the company, utilization towards wor...