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Rajputana Stainless Ltd

Rajputana Stainless Ltd

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹122
₹122
GMP (Grey Market)
+₹1
+0.82%
Est. Listing Price
₹123
Based on GMP
Min. Investment
₹13,420
1 lot × 110 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
09 Mar 2026
Close Date
11 Mar 2026
Allotment
12 Mar 2026
Listing Date
16 Mar 2026
Exchange
NSE & BSE
Price Band
₹122
Listing Price
See chart
Allotment Status
Price Band
₹122
Per share
Face Value
₹10 per share
 
Lot Size
110 Shares
per lot
Issue Size
2,09,00,000 shares (agg. up to ₹255 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹13,420
1 lot
Pre-IPO Holding
6,89,17,658 shares
Promoters
Post-IPO Holding
8,35,67,658 shares
Promoters
P/E (Pre)
21.1x
 
P/E (Post)
20.88x
 
EPS (Pre)
₹5.78
 
EPS (Post)
₹5.84
 
UPI Deadline
5:00 PM on 11 Mar 2026
Mandate
GMP
+₹1
+0.82% est.
Anchor AllotmentSun, 08 Mar 2026
Basis of AllotmentThu, 12 Mar 2026
Refund InitiationFri, 13 Mar 2026
Demat CreditFri, 13 Mar 2026
Listing DayMon, 16 Mar 2026
UPI Mandate Deadline5:00 PM on 11 Mar 2026
Sale TypeFresh Capital & OFS
Fresh Issue Shares1,46,50,000 shares (agg. up to ₹179 Cr)
Offer for Sale62,50,000 shares of ₹10 (agg. up to ₹76 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Rajputana Stainless Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 11 Mar 2026.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
20,900,000
100% ₹254.98
IPO Shares Offered
Rajputana Stainless Ltd IPO total issue size: ₹254.98 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 20,900,000 ₹254.98
100.00%
* Based on upper price band ₹122 per share
Lot Size & Investment
Lot Size
110
Shares per Lot
Issue Price
₹122.00
Upper Band
Min Investment
₹13,420
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2220₹26,840
Retail (Max — 14 Lots)141,540₹187,880
S-HNI (Min — 15 Lots)151,650₹201,300
B-HNI (Min — 75 Lots)758,250₹1,006,500
* Issue Price ₹122 × Lot Size 110 shares
IPO Schedule
Anchor
08 Mar 2026
✓ Done
IPO Open
09 Mar 2026
✓ Done
IPO Close
11 Mar 2026
✓ Done
Allotment
12 Mar 2026
✓ Done
Refunds
13 Mar 2026
✓ Done
Demat Credit
13 Mar 2026
✓ Done
Listing Day
16 Mar 2026
✓ Done
Rajputana Stainless Ltd — Live Price LIVE
₹122.00
INR · BSE
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Issue ₹122.00 GMP: +₹1 Live Price
About Rajputana Stainless Ltd
Incorporated in 1991, Rajputana Stainless Limited is engaged in manufacturing long and flat stainless-steel products.The company offers a range of stainless steel products, including billets, forging ingots, rolled black and bright bars, flat & patti, and other ancillary products, in over 80 diverse grades.The company primarily sells its products domestically through direct sales and traders, while also exporting to five countries: UAE, USA, Turkey, Kuwait, and Poland.The company uses its expertise and infrastructure to supply raw materials for various industries, including seamless pipes, aerospace, forging, oil and gas, defense, automotive, aviation, and precision engineering.The company operates a manufacturing facility of 35,196.98 Sq.m in Kalol, Gujarat, equipped with an induction furnace, AOD, CCM, heat treatment facilities, rolling mill, and bright bar shop for efficient production.Product Portfolio:Billet: The company produces stainless steel billets, semi-finished products made from liquid steel, used as optimal inputs for hot working processes such as forging, rolling, and ring rolling.Cast ingots: The company produces cast ingots, metal masses poured into molds for easy storage, transportation, and further processing. These ingots are free from defects, marked for traceability, and used in open die forgings, re-rolling, and ring rolling.Hexagon al Bars: The company produces hexagonal bars, stainless steel rolled into hexagonal shapes, used in manufacturing nuts, valves, hose ends, fasteners, and hex bolts.As of September 30, 2025, the company had 408 permanent employees and workers comprising skilled and unskilled workers.Competitive Strengths:Established, integrated manufacturing setup at a strategic location.Diverse Product Portfolio.Established customer base and strong relationships.Strong Promoters and Experienced Management Team.Track Record of healthy growth.
Objects of the Issue
1
Funding capital expenditure requirements for setting up of manufacturing facility for Stainless Steel Seamless Pipes to expand the product portfolio (“Proposed Facility”);
2
Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company; and
3
General corporate purposes
Rajputana Stainless Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹915.5
31 Mar 2024
₹937.5
31 Mar 2025
₹502.8
30 Sep 2025
Profit After Tax (PAT)
₹31.6
31 Mar 2024
₹39.9
31 Mar 2025
₹24.4
30 Sep 2025
Particulars30 Sep 202531 Mar 202531 Mar 2024
Revenue from Operations 502.77 937.49 915.50
EBITDA 45.92 73.79 59.41
Profit After Tax (PAT) 24.41 39.85 31.63
Net Worth 176.65 151.95 112.27
Total Assets 448.80 420.36 324.01
Reserves & Surplus 108.16 83.75 78.36
Borrowings 85.91 99.75 79.76
EBITDA Margin (%) 9.16%
PAT Margin (%) 4.87%
RoE
14.86%
RoCE
16.55%
RoNW
13.82%
PAT Margin
4.87%
EBITDA Margin
9.16%
Debt/Equity
0.49
Issue Structure & Shareholding
Total Shares Offered2,09,00,000 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding6,89,17,658 shares
Post-Issue Promoter Holding8,35,67,658 shares
P/BV RatioN/A
RoE14.86%
RoCE16.55%
Debt / Equity0.49
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Nirbhay Capital Services Pvt.Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Rajputana Stainless Ltd IPO subscribed?

Rajputana Stainless Ltd IPO is subscribed 1.00 times by Mar 11, 2026. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Rajputana Stainless Ltd IPO retail subscription status?

The Rajputana Stainless Ltd IPO retail category is subscribed 1.00 times as of 11 Mar 2026. The retail portion is oversubscribed.

How to subscribe Rajputana Stainless Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 09 Mar 2026 and closes 11 Mar 2026. Min investment: ₹13,420 (1 lot = 110 shares). UPI mandate: 5:00 PM on 11 Mar 2026.

How many times Rajputana Stainless Ltd IPO subscribed?

The Rajputana Stainless Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Rajputana Stainless Ltd IPO allotment?

Check allotment on the registrar website (Kfin Technologies Ltd) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 12 Mar 2026. Refunds: on 13 Mar 2026.

When Rajputana Stainless Ltd IPO will be listed?

The Rajputana Stainless Ltd IPO listing date is 16 Mar 2026, Monday. Listed on: NSE & BSE. Issue price: ₹122. Estimated listing: ₹123. GMP: +₹1.

When Rajputana Stainless Ltd IPO close?

The Rajputana Stainless Ltd IPO closes on 11 Mar 2026, Wednesday. UPI mandate: 5:00 PM on 11 Mar 2026. Allotment: 12 Mar 2026. Listing: 16 Mar 2026.