Rajputana Stainless
19 Mar '26MAINBOARD
Min. Investment
₹12,760
Issue size
₹254.98 Cr
GMP
Locked
Overall subscription: 1.12x
Check allotment status
Expert verdict
IPO dates
09 Mar
Opening
16 Mar
Closing
12 Mar
Allotment
19 Mar
Listing
*Refunds will be initiated on 13 Mar '26
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹13,420 |
| HNI (Min) | 15 | 1650 | ₹2,01,300 |
Subscription (as on 31 March 2026, 08:30 AM)
Overall1.12x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 1991|MD: Mr. Shankarlal Deepchand Mehta
- Rajputana Stainless is engaged in the manufacturing of long and flat stainless-steel products under the brand name "RSL." Its product portfolio includes billets, forging ingots, rolled black bars, rolled bright bars, flat & patti, and other ancillary stainless-steel products. The company offers products in more than 80 grades of stainless steel, catering to varied technical specifications and application-specific requirements. It operates exclusively on a business-to-business (B2B) model, supplying primarily to manufacturers and traders.
- The company's products are used across multiple industries, including bar processing, seamless pipes, forging, wire manufacturing, engineering, casting, fasteners, utensil manufacturing, pumps and shafts, and the automotive sector. Sales are predominantly domestic, executed through direct sales and trader networks. In addition to the Indian market, the company exports to nine countries, including Turkey, the UAE, Poland, Portugal, the USA, South Africa, South Korea, the Czech Republic, and Kuwait.
- Operations are carried out at its manufacturing facility at Kalol, Gujarat. The company also utilises third-party job work units for specific processing requirements to manage incremental demand.
- Use of proceeds:
- The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:
- Funding capital expenditure requirements for expansion of the existing manufacturing facility in Gujarat — Rs 18.57 crore
- Full or part repayment and/or prepayment of certain outstanding borrowings availed by the company — Rs 98 crore
- General corporate purposes— undefined
Issue Details & Objective
Lot size
110 Shares
Price band
₹116 to 122
Face value
₹10 per share
Financials
IPO reservation
QIB - 10.00%
HNI - 27.00%
Retail - 63.00%
Download DRHP (IPO Doc)FAQs
Should I apply for the Rajputana Stainless IPO?
Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
What is the issue size of Rajputana Stainless IPO?
The issue size of Rajputana Stainless IPO is ₹254.98 Cr
What are the open and close dates for Rajputana Stainless IPO?
The Rajputana Stainless IPO will be open for applications from 09 Mar '26 to 16 Mar '26
What is the lot size and minimum order quantity of Rajputana Stainless IPO?
The lot size of Rajputana Stainless IPO is 110 Shares and its minimum investment amount is ₹12,760.
What is the GMP value of Rajputana Stainless IPO?
Grey market premium (GMP) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. The GMP for Rajputana Stainless IPO is 1.64
