Rajputana Stainless GMP IPO Date, Review, Price, Allotment Details
Rajputana Stainless IPO Summary
IPO Open Date: 09 Mar 2026
IPO Close Date: 16 Mar 2026
Price Band: ₹116 to ₹122 Per Share
Issue Size: Approx ₹254.98 Crores
Listing Exchange: BSE NSE
Website: https://www.rajputanastainless.com/
Rajputana Stainless IPO Overview
Rajputana Stainless IPO open date is March 9, 2026 and the IPO will close on March 11, 2026. Rajputana Stainless IPO is a Book build Issue. The company to raise around ₹255 crores via IPO that comprises fresh issue of ₹178.73 crores and offer for sale up to 62,50,000 equity shares with face value of ₹10 each.
Rajputana Stainless IPO price band is ₹116 to ₹122 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Rajputana Stainless IPO to list on BSE, NSE on March 16, 2026. The allotment of Rajputana Stainless IPO date is March 12, 2026.
The company reported revenue of ₹937.49 crores in 2025 against ₹915.50 crores in 2024. The company reported profit of ₹39.85 crores in 2025 against profit of ₹31.63 crores in 2024. As per the financials the IPO investors should apply the IPO for a long term.
Rajputana Stainless IPO Details
| Company Name | Rajputana Stainless Ltd. |
| IPO Open Date | 09 Mar 2026 |
| IPO Close Date | 16 Mar 2026 |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹116 to ₹122 Per Share |
| Issue Size | Approx ₹254.98 Crores |
| Fresh Issue | Approx ₹178.73 Crores |
| Offer for Sale | Approx 62,50,000 Equity Shares |
| Issue Type | Book build Issue |
| Listing On | BSE, NSE |
Rajputana Stainless IPO Review & Key Points
NeutralRajputana Stainless IPO Market Lot
The Rajputana Stainless IPO minimum market lot is 110 shares with ₹13,420 application amount. The retail investors can apply up-to 13 lots with 1,540 shares of ₹1,87,880 amount.
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 110 | ₹13,420 |
| Retail Maximum | 14 | 1,540 | ₹1,87,880 |
| S-HNI Minimum | 15 | 1,650 | ₹2,01,300 |
| S-HNI Maximum | 74 | 8,140 | ₹9,93,080 |
| B-HNI Minimum | 75 | 8,250 | ₹10,06,500 |
Rajputana Stainless IPO Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Anchor Investor | 8,19,720 Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII / HNI | – Shares | 15% |
| Retail | – Shares | 35% |
Anchor Bidding Date: 06 Mar 2026
Anchor Issue Size: 10.00 Cr.
30 Days Lock-in: 11 Apr 2026
90 Days Lock-in: 10 Jun 2026
Rajputana Stainless IPO Dates & Allotment
The Rajputana Stainless IPO date is March 9 and the close date is March 11. The Rajputana Stainless IPO allotment will be finalized on March 12 and the IPO listing on March 16.
| IPO Opening Date | 09 Mar 2026 |
| IPO Closing Date | 16 Mar 2026 |
| Bidding Cutoff Time | 5 PM |
| Basis of Allotment | 17 Mar 2026 |
| Refunds Initiation | 17 Mar 2026 |
| Credit to Demat | 18 Mar 2026 |
| IPO Listing Date | 19 Mar 2026 |
Rajputana Stainless IPO Objects of the Issue & Utilization of Proceeds
| Description | Amount |
|---|---|
| Funding capital expenditure requirements for setting up of manufacturing facility for Stainless Steel Seamless Pipes to expand the product portfolio (“Proposed Facility”); | ₹18.57 |
| Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company; and | ₹98.00 |
| General Corporate Purpose | ₹- |
Rajputana Stainless Ltd. Financials
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹950.69 | ₹922.11 | ₹24.04 | ₹297.34 |
| 2024 | ₹915.50 | ₹873.18 | ₹31.63 | ₹324.01 |
| 2025 | ₹937.49 | ₹882.85 | ₹39.85 | ₹420.36 |
| Sep 2025 | ₹502.77 | ₹470.45 | ₹24.41 | ₹448.80 |
Rajputana Stainless IPO Valuation
Check Rajputana Stainless IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Parameter | Value |
|---|---|
| Earnings Per Share (EPS) | ₹5.78 (Basic) |
| P/E Ratio | N/A |
| Return on Equity (ROE) | 30.17% |
| Return on Capital Employed (ROCE) | 31.72% |
| Return on Net Worth (RoNW) | 26.23% |
| Net Asset Value (NAV) | ₹22.05 |
| EBITDA Margin | 7.92% |
| PAT Margin | 4.28% |
| Debt to Equity Ratio | 0.66 |
Rajputana Stainless IPO Peer Group Comparison
| Company | EPS | P/E | RoNW % | NAV | Total Income |
|---|---|---|---|---|---|
| Mangalam Worldwide Ltd | 10.59 | 22.57 | 11.28% | 91.37 | 1,060.71 Cr. |
| Mukand Ltd | 5.24 | 26.34 | 7.99% | 65.72 | 4,889.99 Cr. |
| Electrotherm Ltd | 347.06 | 3.16 | (278.47%) | (124.60) | 4,115.37 Cr. |
| Panchmahal Steel Ltd | 1.74 | 182.18 | 2.07% | 84.02 | 383.10 Cr. |
Rajputana Stainless IPO Promoters & Holding Pattern
The promoters of the company are Shankarlal Deepchand Mehta, Babulal D Mehta, Jayesh Natvarlal Pithva, and Yashkumar Shankarlal Mehta.
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 6,89,17,658 | 78.22% |
| Promoter Holding Post Issue | 8,35,67,658 | 57.01% |
Rajputana Stainless IPO Lead Managers (Merchant Bankers)
- Nirbhay Capital Services Pvt. Ltd.
About Rajputana Stainless Ltd.
Rajputana Stainless is a premier manufacturer and exporter of high-quality stainless steel products based in India. Specializing in the production of billets, rounds, and bright bars, the company adheres to stringent global industrial standards. Their commitment to technological innovation and rigorous quality assurance has established them as a reliable partner in the international metallurgical sector.
Rajputana Stainless Ltd. Address
Halol, Gujarat, 389330Phone: +91 63 5816 4770
Email: [email protected]
Rajputana Stainless IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://ipostatus.kfintech.com/