Rajputana Stainless IPO Details
The Rajputana Stainless IPO is a book build issue with a total issue size of ₹255 cr, comprising of fresh issue of 14650000 equity shares., and a offer for sale of 6250000 equity shares. Rajputana Stainless IPO opened for subscription on Mar 09, 2026 and closed on Mar 11, 2026. Rajputana Stainless IPO is set price band at ₹116 to ₹122 per share, with a lot size of 110 shares. Minimum investment for Retail investors was ₹13,420.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Mar 12, 2026, and listed on both the NSE and BSE on Mar 19, 2026.
Kfin Technologies Limited has been appointed as the registrar. **Nirbhay Capital Services Private Limited ** are the Book Running Lead Manager for the issue.
Before investing in the Rajputana Stainless IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 116 – 122
- Lot Size
- 110
- Issue Size
- ₹255 Cr
- Minimum Investment
- ₹13420 (110 Shares)
- Listing Date
- 19 March 2026
Current GMP
₹3 (+2.46%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Rajputana Stainless Limited
Incorporated in 1991, Rajputana Stainless Limited is engaged in the manufacturing of long and flat stainless-steel products. The company offers a diversified portfolio of stainless steel solutions across more than 80 grades, catering to a wide range of industrial requirements.
Product Portfolio
The company manufactures the following key products:
- Billets
Semi-finished stainless steel products produced from liquid steel. These serve as primary raw materials for hot working processes such as forging, rolling, and ring rolling. - Cast Ingots
Stainless steel ingots poured into molds for convenient storage, transportation, and further processing. These defect-free ingots are marked for traceability and widely used in open-die forging, re-rolling, and ring rolling applications. - Hexagonal Bars
Stainless steel bars rolled into hexagonal shapes, commonly used in the production of nuts, bolts, valves, hose ends, fasteners, and other precision components. - Rolled Black and Bright Bars
- Flat & Patti
- Other Ancillary Stainless Steel Products
Industries Served
Leveraging its technical expertise and infrastructure, the company supplies raw materials to several industries, including:
- Seamless Pipes
- Aerospace
- Forging
- Oil & Gas
- Defense
- Automotive
- Aviation
- Precision Engineering
Manufacturing Facility
The company operates a fully integrated manufacturing facility spread across 35,196.98 square meters in Kalol, Gujarat. The facility is equipped with:
- Induction Furnace
- Argon Oxygen Decarburization (AOD)
- Continuous Casting Machine (CCM)
- Heat Treatment Facilities
- Rolling Mill
- Bright Bar Shop
This integrated setup enables efficient production and quality control across various product categories.
Sales and Market Presence
Rajputana Stainless Limited primarily serves the domestic market through direct sales and trader networks. Additionally, the company exports its products to UAE, USA, Turkey, Kuwait, and Poland.
Workforce
As of September 30, 2025, the company employed 408 permanent employees and workers, including both skilled and unskilled personnel.
Rajputana Stainless IPO Promoters
- Shankarlal Deepchand Mehta
- Babulal D Mehta
- Jayesh Natvarlal Pithva
- Yashkumar Shankarlal Mehta
Promoters Holding
Holding Pre Issue
78.22%
Holding Post Issue
57.01%
Rajputana Stainless IPO Objective
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects.
- Funding capital expenditure requirements for setting up of manufacturing facility for Stainless Steel Seamless Pipes to expand the product portfolio (“Proposed Facility”)
- Funding Working capital requirement for the Proposed Facility
- Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company
- General corporate purposes
Address / Contact Info
Rajputana Stainless Limited
213, Madhwas,
Halol Kalol Road, Kalol,
Panchmahal
Halol, Gujarat, 389330
Phone: +91 63 5816 4770
Email: compliance@rajputanastainless.com
Website: http://www.rajputanastainless.com/
IPO Snapshot
Book Running Lead Managers
- Nirbhay Capital Services Private Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Rajputana Stainless IPO is a Book-building IPO with a total issue size of ₹255 crore. The Rajputana Stainless IPO price band is ₹116 to 122 per share. The Rajputana Stainless IPO subscription opens on Mon, Mar 9, 2026, and closes on Wed, Mar 11, 2026. The Rajputana Stainless IPO will be listed on the BSE,NSE. Kfin Technologies Limited is the registrar for the Rajputana Stainless IPO.
The Rajputana Stainless IPO opens on Mon, Mar 9, 2026 and closes on Wed, Mar 11, 2026
Rajputana Stainless IPO Price Band is ₹116 to 122 per share.
Rajputana Stainless IPO lot size is 110 shares, Retail investors need a minimum investment of ₹13420 based on the upper price band
The minimum investment for Rajputana Stainless IPO is ₹13420, based on one lot of 110 shares at the upper price band of ₹122 per share.
Investors can apply for the Rajputana Stainless IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Mar 11, 2026. The application amount remains blocked until the Rajputana Stainless IPO allotment is finalized.
Rajputana Stainless IPO issue size is ₹255 crores.
Rajputana Stainless IPO allotment date is Wed, Jul 1, 2026.
The registrar for Rajputana Stainless IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check Rajputana Stainless IPO allotment status, refund processing, and other IPO-related information.
The Rajputana Stainless IPO GMP (Grey Market Premium) is ₹3 as of Thu, Mar 19, 2026. Based on the upper price band of ₹122 per share, the estimated Rajputana Stainless IPO listing price is ₹125, indicating a potential listing gain of approximately 0% over the issue price.