Rajputana Stainless IPO Subscription Day 2

Here, the Rajputana Stainless IPO launched on 9th March 2026. Bidding for the issue will close today, 11th March 2026. The primary aim of the Rajputana Stainless IPO is to raise ₹254.98 crores from the market. Also, the Rajputana Stainless IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the Rajputana Stainless IPO subscription and details. 

Rajputana Stainless IPO Details 

The price band for Rajputana Stainless IPO has been set at ₹116 to ₹122 per share, and a total of 2,09,00,000 shares are being issued. Let’s segregate the share quota fixed for different categories of investors. 

Rajputana Stainless IPO Subscription Status

As of now, the Rajputana Stainless IPO has been subscribed to 0.30 times. Of these, 0.04 times are subscribed by retail investors, 0.65 times by non-institutional investors, and 0.99 times by QII (Qualified Institutional Investors).  

The healthy subscription status indicates that investors are expecting higher returns at the time of Rajputana Stainless’s IPO listing on 16th March 2026. Rajputana Stainless also has a positive outlook behind the fresh issue of 1.47 crore shares, which will raise around Rs 254.98 crores.

Rajputana Stainless IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the Rajputana Stainless IPO GMP for 10th March 2026. 

The grey market premium for this IPO rises to ₹1.50 per share. It indicates that the estimated listing price per share is Rs 123.50. Numerous factors played a pivotal role in this jump in the GMP of Rajputana Stainless IPO. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs.

About Rajputana Stainless Ltd.

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.

Technical Indicators

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

Rajputana Stainless IPO Listing Expectations

Rajputana Stainless IPO Highlights: IPO allotment is still pending, as the bid will close today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A fall of 1.23% in Rajputana Stainless Highlight GMP suggests the estimated listing price per share will be around Rs. 1.5.

It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation. 

Rajputana Stainless IPO Dates

Note: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct their research before investing in it.

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