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Rajputana Stainless Ltd IPO
NSE & BSE Bookbuilding IPO Fresh Capital & OFS Closed Live Chart
GMP +₹1 +0.82% Est. Listing ₹123 P&L/Lot +₹110
Issue Price
₹122
Face ₹10
GMP
+₹1
+0.82% premium
Est. Listing
₹123
GMP based
Lot Size
110
shares / lot
Min Amount
₹13,420
1 lot · 110 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
09 Mar 2026
Mon Completed
Done
Close Date
11 Mar 2026
Wed Completed
Done
Allotment
12 Mar 2026
Thu Completed
Done
Refund
13 Mar 2026
Fri Completed
Done
Demat Credit
13 Mar 2026
Fri Completed
Done
Listing Date
16 Mar 2026
Mon Completed
Issue Details
Pricing & Size
Issue Price
₹122 Face ₹10
Lot Size
110 shares
Min Investment
₹13,420
Total Issue Size
2,09,00,000 shares (agg. up to ₹255 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital & OFS
Listing Exchange
NSE & BSE
Script / Ticker
-
Allocation Breakdown
Market Maker
-
QIB Portion
20,90,000
NII / HNI
56,43,000 (27.00%)
Retail
1,31,67,000 (63.00%)
Employee
-
Net Offer to Public
-
Shareholding Pattern
Pre-Issue Shareholding
6,89,17,658 shares
Post-Issue Shareholding
8,35,67,658 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 110 ₹13,420
HNI / NII 75 8,250 ₹10,06,500
Objects of Issue
3 objectives
1
Funding capital expenditure requirements for setting up of manufacturing facility for Stainless Steel Seamless Pipes to expand the product portfolio (“Proposed Facility”);
18.57 Cr
2
Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company; and
98.00 Cr
3
General corporate purposes
Lead Managers & Market Maker
Book Running Lead Managers
Nirbhay Capital Services Pvt.Ltd
IPO Timeline
Open
09 Mar
✓ Done
Close
11 Mar
✓ Done
Allotment
12 Mar
✓ Done
Listing
16 Mar
✓ Done
Registrar Details
Kfin Technologies Ltd
SEBI Registered Registrar & Transfer Agent
Phone
04067162222, 04079611000
Email
rsl.ipo@kfintech.com
Company Contact
Email
compliance@rajputanastainless.com
Phone
+91 63 5816 4770
Address
213, Madhwas, Halol Kalol Road, Kalol, Panchmahal Halol, Gujarat, 389330
Grey Market Premium
LIVE
Current GMP
+₹1
+0.82% vs Issue Price
Issue Price
₹122
Est. Listing
₹123
Lot Size
110 shares
P&L / Lot
+₹110
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Rajputana Stainless Ltd LIVE
INR ·
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P/E
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| Price
Market Reference
IPO Issue Price
₹122
GMP
+₹1 (+0.82%)
GMP Est. Listing
₹123
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 20,90,000 ₹25.50 Cr
NII / HNI (Total) 56,43,000 (27.00%) ₹6,884.46 Cr
Retail Investors 1,31,67,000 (63.00%) ₹16,063.74 Cr
Total ** 2,09,00,000 (100.00%) ₹254,980.00 Cr
* Based on ₹122.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
20,90,000
NII
56,43,000 (27.00%)
Retail
1,31,67,000 (63.00%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in ₹ Crore
Metric30 Sep 202531 Mar 202531 Mar 2024
Revenue502.77937.49915.50
PAT24.4139.8531.63
EBITDA45.9273.7959.41
Net Worth176.65151.95112.27
Total Assets448.80420.36324.01
Reserves108.1683.7578.36
Borrowings85.9199.7579.76
Key Financial Ratios
14.86%
ROE
Return on Equity
16.55%
ROCE
Return on Capital Employed
13.82%
RONW
Return on Net Worth
4.87%
PAT Margin
PAT / Revenue
9.16%
EBITDA Mgn
EBITDA / Revenue
0.49
D/E Ratio
Debt to Equity
5.78
Pre EPS
EPS Pre-Issue
5.84
Post EPS
EPS Post-Issue
21.1
Pre P/E
P/E Pre-Issue
20.88
Post P/E
P/E Post-Issue
About Rajputana Stainless Ltd

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.

Competitive Strengths:

  • Established, integrated manufacturing setup at a strategic location.
  • Diverse Product Portfolio.
  • Established customer base and strong relationships.
  • Strong Promoters and Experienced Management Team.
  • Track Record of healthy growth.
Frequently Asked Questions
What is the issue price of Rajputana Stainless Ltd IPO?
The issue price of Rajputana Stainless Ltd IPO is ₹122 per share, face value ₹10.
What is the lot size?
Minimum lot size is 110 shares, requiring ₹13,420.
What are the IPO dates?
Opens 09 Mar 2026, closes 11 Mar 2026.
When is the listing date?
Tentative listing: 16 Mar 2026 on NSE & BSE.
What is the current GMP?
Current GMP is +₹1, estimated listing ₹123 (+0.82%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Rajputana Stainless Ltd IPO · Expected 12 Mar 2026

Check on Registrar
Post-IPO Timeline
Allotment Date
12 Mar 2026
Refund Initiation
13 Mar 2026
Demat Credit
13 Mar 2026
Listing Date
16 Mar 2026
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹1
+0.82%
Issue Price
₹122
Face ₹10
Lot Size
110
shares / lot
Min Amount
₹13,420
1 lot
Est. Listing
₹123
GMP +₹1
Key Dates
Open
09 Mar Done
Close
11 Mar Done
Listing
16 Mar Done
Registrar
Kfin Technologies Ltd
A
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