New Delhi, June 3 -- Rajnandini Fashion India IPO Listing: Rajnandini Fashion India share price made a flat debut in the Indian stock market today, 3 June. Rajnandini Fashion share price was listed on Wednesday at Rs.63. apiece on BSE SME, same as its issue price.

The SME IPO outperformed Street expectations, as seen from the grey market premium (GMP). The GMP for the IPO stood at Rs.6 per share, which indicated a likely listing price of Rs.69, a premium of 9.5% from its IPO price of Rs.63.

Rajnandini Fashion IPO witnessed an extraordinary subscription in the 3 days of bidding. It was subscribed 203.74 times by the end of Day 3. The retail portion was bid 168.63 times, the NII portion was booked 393.63 times, and the Qualified Instituti...