Rajputana Stainless IPO Listing at 1% Premium at ₹123.95 Per Share

Thu Mar 19 2026

Rajputana Stainless IPO listing: The Rajputana Stainless IPO was subscribed 129.33 times till its closing. In this subscription, qualified institutional buyers (QIBs) received 99.96 times, and non-institutional investors (NIIs) received 236.61 times. The retail quota of the issue was subscribed to 33.28%. Before delving deeper into the topic, go through the details of the Rajputana Stainless IPO.

Table of Contents

Rajputana Stainless IPO

It is a bookbuilding issue IPO of ₹254.98 crore, comprising an entirely fresh issue of 1.47 crore and an offer for sale of 0.63 crore shares. The issue will be listed on BSE and NSE on its tentative listing date, 16th March 2026. The Rajputana Stainless IPO date is scheduled from 9th March 2026 to 11th March 2026. The face value of Rajputana Stainless shares is ₹10 per share, and the IPO Issue price band is ₹116 to ₹122 per share.

IPO Allotment Date	12th March 2026
IPO Open Date	9th March 2026
IPO Close Date	11th March 2026
Refund Initiation	13th March 2026
Issue Size	2,09,00,000 shares(agg. up to ₹255 Cr)
Fresh issue	1,46,50,000 shares(agg. up to ₹179 Cr)
Offer for sale	62,50,000 shares of ₹10(agg. up to ₹76 Cr)
Face Value	₹10 per share
Lot Size	110 shares
Issue Price	₹116 to ₹122 per share
Issue Type	Bookbuilding IPO
Listing At	BSE & NSE
Listing Date	16th March 2026

Rajputana Stainless IPO Listing

On the NSE and BSE platforms, shares of Rajputana Stainless are listed at ₹123.95 per share, reflecting a 1% listing premium over the issue price of ₹122 per share.

About Rajputana Stainless Limited

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, and also exports to five countries: the UAE, the 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, defence, automotive, aviation, and precision engineering.

Rajputana Stainless Limited Financials

The company’s financial analysis is essential before applying for the Rajputana Stainless IPO. See the table for Rajputana Stainless Limited’s financials.

Year Ended	30th Sep 2025 (in cr.)	31st March 2025 (in cr.)	31st March 2024 (in cr.)	31 Mar 2023 (in cr.)
Assets	448.80	420.36	324.01	297.34
Total Income	502.77	937.49	915.50	950.69
Profit After Tax	24.42	39.85	31.63	24.4
EBITDA	45.92	73.79	59.41	43.85
Net Worth	176.65	151.95	112.27	81.17
Reserves and Surplus	108.16	83.75	78.36	46.73
Total Borrowings	85.91	99.75	79.76	79.83

Explanation

Rajputana Stainless Limited’s revenue increased by 17.42%, from ₹915.50 crore in March 2024 to ₹937.49 crore in March 2025. Moreover, the company’s PAT increased by 38.04% from ₹31.63 crore in March 2024 to ₹39.85 crore in March 2025.