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RAJPUTANA · NSE,BSE · Iron & Steel Manufacturing
Rajputana Stainless IPO listed on 16 Mar 2026 on NSE,BSE at ₹122.00, a gain of 0.00% over the issue price of ₹122.00. The IPO was subscribed 1.12x overall.
Rajputana Stainless IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 09 Mar 2026 |
| IPO Close Date | 11 Mar 2026 |
| Basis of Allotment | 12 Mar 2026 |
| Initiation of Refunds | 13 Mar 2026 |
| Credit of Shares to Demat | 13 Mar 2026 |
| Listing Date | 16 Mar 2026 |
Listing day gain
+0%
Listed at ₹122 (issue ₹122)
Issue
₹122
Listing
₹122
Current
₹111.03
-8.99% vs issue
Day range
₹111.16 – ₹122.1
Issue Size
20,900,000 shares
(aggregating up to ₹255.00 Cr)
Issue Price
₹116 – ₹122
Face Value
₹10/share
Market Lot
110 shares
Retail Min Investment
₹13,420
Listing At
NSE,BSE
Sale Type
both
Fresh Issue
14,650,000 shares
(aggregating up to ₹179 Cr)
Offer for Sale
6,250,000 shares
(aggregating up to ₹76 Cr)
Issue Type
book building
Open Date
09 Mar
Close Date
11 Mar
Allotment
12 Mar
Listing
16 Mar
Last updated: 6 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 18 Mar 2026 Latest | ₹122 | ₹3 | ₹125 | ₹3 |
2.46%
|
3:35 PM |
| 17 Mar 2026 | ₹122 | ₹3 | ₹125 | ₹3 |
2.46%
|
2:45 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 11 Mar 2026
| Category | Subscribed (x) |
|---|---|
| QIB | 2.51x |
| NII | 2.59x |
| bNII (bids above ₹10L) | 3.74x |
| sNII (bids below ₹10L) | 0.31x |
| Retail Investors | 0.27x |
| Total | 1.12x |
Showing the latest subscription snapshot.
View full subscription historyShankarlal Deepchand Mehta, Babulal D Mehta, Jayesh Natvarlal Pithva and Yashkumar Shankarlal Mehta are the promoters of the company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹13,420 |
| Retail (Max) | 14 | 1,540 | ₹187,880 |
| S-HNI (Min) | 15 | 1,650 | ₹201,300 |
| S-HNI (Max) | 74 | 8,140 | ₹993,080 |
| B-HNI (Min) | 75 | 8,250 | ₹1,006,500 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 2,090,000 (10.00%) |
| NII (HNI) Shares Offered | 5,643,000 (27.00%) |
|
•
bNII > ₹10L
|
3,762,000 (18.00%) |
|
•
sNII < ₹10L
|
1,881,000 (9.00%) |
| Retail Shares Offered | 13,167,000 (63.00%) |
| Total Shares Offered | 20,900,000 (100.00%) |
Rajputana Stainless Limited is a Rajasthan-based manufacturer specializing in stainless steel and alloy steel products like billets, bars, and rods. They operate a modern manufacturing facility in Bhilwara where they process scrap and raw materials into high-quality steel used in various industries like construction, automotive, and engineering.
Strength:
Growth:
The company has shown steady financial growth, with its revenue increasing from ₹211.51 Cr in FY22 to over ₹309.43 Cr in FY24. This growth is driven by the rising demand for stainless steel in India’s infrastructure and manufacturing sectors. By launching this IPO, the company aims to strengthen its capital base and fund its working capital requirements, which will allow them to scale up production and capture a larger share of the growing domestic steel market.
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Revenue | 950.69 | 915.5 | 937.49 |
| Profit After Tax (PAT) | 24.04 | 31.63 | 39.85 |
| EBITDA | 43.85 | 59.41 | 73.79 |
| Total Assets | 297.34 | 324.01 | 420.36 |
| Net Worth | 81.17 | 112.27 | 151.95 |
| Reserves & Surplus | 46.73 | 78.36 | 83.75 |
| Total Borrowing | 79.83 | 79.76 | 99.75 |
Revenue & Profit Trend
The basis of allotment for Rajputana Stainless IPO was finalised on 12 Mar 2026. You can check your allotment status using your PAN number or application number on the KFin Technologies Limited portal or BSE.
The Rajputana Stainless IPO is expected to open in Mar 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Rajputana Stainless IPO is ₹116.00 - ₹122.00 per share.
As per market sources, Rajputana Stainless IPO GMP is currently ₹3.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Rajputana Stainless IPO stands at 1.12x overall.
The listing date for Rajputana Stainless IPO is 16 Mar 2026.
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