Rajputana Stainless IPO Review 2026: GMP Flat, Key Investor Insights

Rajputana Stainless IPO is open for bidding from 9th March 2026 to 11th March 2026. 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. 

Rajputana Stainless IPO Details 

The Rajputana Stainless IPO date is scheduled from 9th March 2026 to 11th March 2026. The face value of Rajputana Stainless shares stands at ₹10 per share, and the IPO Issue price band is set at ₹116 to ₹122 per share

Kfin Technologies Limited is the registrar of the Rajputana Stainless IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

Rajputana Stainless IPO Share Reservation

Rajputana Stainless IPO is a bookbuilding issue of 1.47 crore shares, worth ₹253.98 crore. Rajputana Stainless IPO Limited shares will be listed on the BSE and the NSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Rajputana Stainless IPO GMP Grey Market Premium

GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Rajputana Stainless IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of 9th March 2026, the Rajputana Stainless IPO GMP stands at ₹0 per share, indicating the share will likely list at ₹122.00 on its tentative listing date, 16th March 2026.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Rajputana Stainless IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends. 

Rajputana Stainless IPO GMP Review

Check out the detailed Rajputana Stainless GMP IPO review for a thorough understanding of its potential to report listing gains on 16th March 2026. The Rajputana Stainless IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the Rajputana Stainless IPO.

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.

Rajputana Stainless IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for the Rajputana Stainless IPO, with its tentative listing day set for 16th March 2026. 

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Rajputana Stainless IPO.

The P/E ratio of Rajputana Stainless Limited shares is 21.1, and its Earnings Per Share (EPS) stands at 5.78. Thus, the Rajputana Stainless IPO can deliver gains on its tentative listing date, 16th March 2026. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Rajputana Stainless Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

Rajputana Stainless IPO Subscription Status

The Rajputana Stainless IPO will open for bidding on 9th March 2026. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Rajputana Stainless IPO Subscription Status. 

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. 

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.

Rajputana Stainless Limited IPO Promoter Holdings

Shankarlal Deepchand Mehta, Babulal D Mehta, Jayesh Natvarlal Pithva and Yashkumar Shankarlal Mehta are the promoters of the company.

Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.

Aim of the Rajputana Stainless IPO

The primary aim of the Rajputana Stainless IPO is to raise ₹254.98 crores. 

Should I Invest in the Rajputana Stainless IPO?

Explore the pros and cons of Rajputana Stainless to decide whether to apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades. 

Pros of the Rajputana Stainless IPO

• Integrated manufacturing facility with in-house production capabilities
• Diversified product range of stainless steel products for various industries
• Experienced promoters with good industry understanding
• Consistent growth in revenue and profitability in recent years
• Established customer base in the engineering and manufacturing industries

Cons of the Rajputana Stainless IPO

• The company is highly dependent on a few customers
• Revenue is dependent on the domestic market
• The business is subject to cyclical fluctuations in the steel sector
• Certain legal issues faced by the company/promoters
• Performance is subject to fluctuations in the prices of raw materials (Nickel, Steel Scrap)

How to Apply for the Rajputana Stainless IPO?

Check the steps mentioned below to apply for Rajputana Stainless Ltd.

• Step 1: Conduct thorough research on the Rajputana Stainless IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Make a bid for 1 lot of 110 shares worth ₹13,420.
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Rajputana Stainless IPO across multiple demat accounts to increase your chances of allotment. 

How to Check the Rajputana Stainless IPO Allotment Status?

You can check for the Rajputana Stainless IPO allotment in different ways. These include NSE and the registrar portal. Follow the steps below to check your allotment status online.

Check On NSE

• Visit the NSE Official Site
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Rajputana Stainless IPO.  
• Choose whether to proceed with the PAN number or the application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal.
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Rajputana Stainless IPO allotment status.

Let’s Wrap

Rajputana Stainless IPO is a fixed-price issue of shares worth ₹254.98 crores. The shares of Rajputana Stainless Limited will be listed on the BSE and NSE on its tentative listing date of 16th March 2026. Researching the Rajputana Stainless IPO GMP and reviews is highly recommended to achieve your desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Rajputana Stainless IPO

How is the Rajputana Stainless IPO?

Currently, on 9th March 2026, the Rajputana Stainless GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹122.00 per share. It is a bookbuilding IPO of ₹254.98 shares. The face value of each Rajputana Stainless share is ₹10. 

What is the Rajputana Stainless IPO price?

The Rajputana Stainless IPO issue price band is set at ₹₹116 to ₹122 per share. 

Is the Rajputana Stainless IPO a good investment?

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.

Who is the registrar of the Rajputana Stainless IPO?

Kfin Technologies Limited is the registrar for the Rajputana Stainless IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Rajputana Stainless allotment and refund, you can contact Kfin Technologies Limited at rsl.ipo@kfintech.com or 04067162222, 04079611000.

What is the issue size of the Rajputana Stainless IPO? 

Rajputana Stainless IPO is a bookbuilding IPO of ₹254.98 crores. Moreover, the IPO is set to open on 9th March 2026 and close on 11th March 2026. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Rajputana Stainless IPO, download the Rajputana Stainless IPO RHP and Rajputana Stainless IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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