₹ 13420 /110 Shares
Pre-Apply09 Mar, 2026
Open Date11 Mar, 2026
Close Date12 Mar, 2026
Allotment Date16 Mar, 2026
Listing DateInvestors can bid for a minimum of 110 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 110 | ₹13,420 |
| Retail(max) | 14 | 1,540 | ₹1,87,880 |
| SHNI(min) | 15 | 1,650 | ₹2,01,300 |
| SHNI(max) | 74 | 8,140 | ₹9,93,080 |
| BHNI(min) | 75 | 8,250 | ₹10,06,500 |
Rajputana Stainless IPO is a book-built issue of ₹254.98 crores, The total issue size is ₹254.98 crores. The IPO of Rajputana Stainless is priced at ₹116-122 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Mar 9, 2026 and ends on Mar 11, 2026. The allotment for Rajputana Stainless IPO will be finalized on Mar 12, 2026. Rajputana Stainless IPO will be listed on BSE, NSE, with a tentative listing date fixed as Mar 16, 2026. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Ltd. is the registrar of the issue.
Retail investors can bid for a minimum of 110 shares, extendable to 13,420. S-HNIs will be able to bid for 1,650 shares at ₹2,01,300, while B-HNIs can also apply for a bid of 8,250 shares at ₹10,06,500. The book-running lead manager for the IPO is/are Nirbhay Capital Services Pvt.Ltd..
The total issue ₹254.98 crore, comprising a fresh issue of 1,46,50,000 shares ₹178.73 crore and having Offer for Sale (OFS) of 62,50,000 shares to mop up ₹76.25 crore.
The Rajputana Stainless IPO sets its price band at 116-122 for each share. A single application for Rajputana Stainless Limited IPO must contain at least 110 shares. Sentiment investors need to invest a minimum of 110 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹13,420 In order to participate in the sNII, investors must purchase at least 15 lots of 1,650 shares for ₹2,01,300, while the bNII requires 75 lots of 8,250 shares for an investment of ₹10,06,500.
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| 30-Sep-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|---|
| Assets | 448.80 | 420.36 | 324.01 | 297.34 |
| Revenue | 502.77 | 937.49 | 915.50 | 950.69 |
| Profit After Tax | 24.41 | 39.85 | 31.63 | 24.04 |
| Net Worth | 176.65 | 151.95 | 112.27 | 81.17 |
| Reserves & Surplus | 108.16 | 83.75 | 78.36 | 46.73 |
| Total Borrowing | 85.91 | 99.75 | 79.76 | 79.83 |
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.
Shankarlal Deepchand Mehta
Babulal D Mehta
Jayesh Natvarlal Pithva
Yashkumar Shankarlal Mehta
Pre Issue Share Holding : 78.22%
Post Issue Share Holding : 57.01%
Funding capital expenditure requirements for setting up of manufacturing facility for Stainless Steel Seamless Pipes to expand the product portfolio (Proposed Facility) - ₹18.57 Crores
Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company - ₹98.00 Crores
General corporate purposes
Rajputana Stainless
213, Madhwas, Halol Kalol Road, Kalol, Panchmahal Halol, Gujarat, 389330
+91 63 5816 4770
Kfin Technologies Limited
04067162222, 04079611000
Ans. Rajputana Stainless Limited IPO is a Mainboard IPO. The issue is priced at ₹116-122 per equity share. The minimum order quantity is 110 Shares. The IPO opens on Mar 9, 2026, and closes on Mar 11, 2026. Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Rajputana Stainless Limited IPO opens on Mar 9, 2026 and closes on Mar 11, 2026.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Rajputana Stainless Limited IPO is 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).
Ans. The Rajputana Stainless Limited IPO price band is set between ₹116-122 per equity share.
Ans. To apply for Rajputana Stainless Limited IPO, follow the steps given below:
Ans. The share allotment date of Rajputana Stainless Limited IPO is Mar 12, 2026.
Ans. The Rajputana Stainless Limited IPO will be listed on Mar 16, 2026.
Ans. Follow the steps to check the Rajputana Stainless Limited IPO allotment status online.
|
Offer Date |
Mar 09 - Mar 11, 2026 |
|
Offer Price |
₹ 116-122 |
|
Lot Size |
110 |
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