IPO GMP Today: SMR Jewels vs Rajnandini Fashion; Which BSE SME Bet Looks Better? GMP, Price Compared

IPO GMP Today: Two SME IPOs, SMR Jewels and Rajnandini Fashion India, are set to keep Dalal Street's primary market buzzing this week. Both issues are set to open for subscription on Tuesday, May 26. Primary market investors are likely to closely track the response to these SME IPOs for cues on the trajectory of India's IPO market in the coming weeks.

From IPO Grey Market Premium today (GMP), to price band, here are all the details about SMR Jewels and Rajnandini Fashion India IPO.

SMR Jewels IPO: Price Band, Issue Size, Other Info

SMR Jewels IPO is a combination of fresh issue of 0.4 crore shares, equivalent to Rs 54 crores and an offer for sale of 0.10 crore shares, equivalent to Rs 13.23 crores. The IPO will open for subscription on Tuesday, May 26 and will close on May 29. The IPO will list on the BSE SME with a tentative listing date of JUne 3.

SMR Jewels IPO has fixed an issue price band of Rs 128 to Rs 135 per share. The lot size for application is 1,000 shares. Retail investors would require to make a minimum investment of Rs 2,70,000 (2,000) shares to apply for the IPO.

SMR Jewels IPO GMP Today

SMR Jewels IPO GMP stood at Rs 0 per share, as per investorgain.com as on 10:53 pm on Monday, May 25. Considering its latest IPO GMP, SMR Jewels SME IPO is estimated to be listed at a price of Rs 135 per share ( sum of upper price band and IPO GMP Today).

Rajnandini Fashion India IPO Details

Rajnandini Fashion India IPO is a book build issue of Rs 18.21 crore shares and is an entirely fresh issue of 0.29 crore shares, worth close to Rs 18.21 crore.

The IPO will open for subscription on May 26 and will close on May 29. The IPO allotment is expected to be finalised on June 1. The IPO will open for subscription ith a price band at Rs 59 to Rs 63 per share. The minimum lot size for application is 2,000 shares. Hence, retail investors would require to invest a minimum of Rs 2.52 lakh (for 4,000 shares) to apply for Rajnandini Fashions IPO.

Rajnandini Fashion IPO GMP Today

Rajnandini Fashion India's IPO GMP Today stood at Rs 6, as per investorgain data at 10:36 pm on Monday, May 25. Considering its upper price band at Rs 63 per share, Rajnandini Fashion India SME IPO is expected to be listed at a price of Rs 69 per share, with estimated loss/gain per share of 9.52%.