Rajputana Stainless IPO open date is March 9, 2026, and the IPO will close on March 11, 2026. Rajputana Stainless IPO is a book-building issue. The company plans to raise around ₹255 crores via IPO that comprises a fresh issue of ₹178.73 crores and offer for sale up to 62,50,000 equity shares with a face value of ₹10 each.
The company reported revenue of ₹937.49 crores in 2025 against ₹915.50 crores in 2024. The company reported a profit of ₹39.85 crores in 2025 against profit of ₹31.63 crores in 2024. As per the financials, the IPO investors should apply for the IPO for the long term.(IPO UPDATES)
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 the Rajputana Stainless IPO date is March 12, 2026.
The Rajputana Stainless Ltd IPO is one of the major public offerings in March 2026, offering investors exposure to the stainless steel manufacturing sector. The company plans to raise around ₹255 crore through this IPO, which includes a mix of fresh issue and offer-for-sale shares. (The Economic Times)
📅 IPO Key Dates
| Event | Date / Timeline |
|---|---|
| IPO Open Date | 9 March 2026 |
| IPO Close Date | 11 March 2026 |
| Basis of Allotment Finalised | 12 March 2026 |
| Refunds Initiated | 13 March 2026 |
| Shares Credited to Demat | 13 March 2026 |
| Listing Date | 16 March 2026 |
The shares are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE). (The Economic Times)
💰 IPO Price Band & Issue Size
- Price Band: ₹116 – ₹122 per equity share (The Economic Times)
- Face Value: ₹10 per share
- Total IPO Size: ~₹254.98 crore (mint)
- Fresh Issue: ₹178.73 cr approx (Upstox – Online Stock and Share Trading)
- Offer For Sale (OFS): ₹76.25 cr approx (Upstox – Online Stock and Share Trading)
This mix allows the company to raise new capital while some promoters sell existing shares through OFS. (The Economic Times)
📦 Lot Size & Minimum Investment
Retail investors can apply for one or more lots in multiples of 110 shares. (Zerodha)
📊 Issue Allocation
| Category | Allocation |
|---|---|
| QIBs (Qualified Institutional Buyers) | Up to 50% (mint) |
| NIIs (Non-Institutional Investors) | ~15% (mint) |
| Retail Investors | ~35% (mint) |
This allocation pattern is fairly typical for mainboard IPOs aiming to attract diverse investor interest. (mint)
🏭 About the Company
Founded in 1991, Rajputana Stainless Ltd is a Gujarat-based manufacturer of stainless steel products including:(IPO UPDATES)
- Billets
- Forging ingots
- Rolled black bars
- Rolled bright bars
- Flat bars and patti products
The company serves a wide range of industries such as oil & gas, aerospace, automotive, and precision engineering. It also exports products to countries including the UAE, USA, Turkey, Kuwait, Poland, South Korea, and others. (mint)
The manufacturing facility is located in Kalol, Gujarat and offers a diversified product range across more than 80 stainless steel grades. (The Economic Times)
📈 Use of IPO Proceeds
The company plans to use the net proceeds from the fresh issue for:
- Setting up a new manufacturing facility for stainless steel seamless pipes
- Repaying or prepaying secured borrowings
- General corporate purposes
This indicates a mix of expansion and balance-sheet strengthening. (Business Today)
📊 Financial Performance (Latest)
According to the company’s filings:
- FY25 Revenue: ₹937.49 cr (~2% growth from FY24) (The Economic Times)
- FY25 Profit After Tax: ₹39.85 cr (up from ₹31.63 cr in FY24) (The Economic Times)
Growth in profitability suggests improving operational efficiency, even in a capital-intensive sector. (The Economic Times)
📌 How to Apply
Investors can apply for the IPO via:
- NSE or BSE ASBA through bank internet banking
- UPI-based applications via brokers (e.g., Zerodha, Groww, Upstox, Angel One)
Make sure to submit the UPI mandate before the IPO close time on the last bidding day. (Zerodha)
🗓️ Allotment & Listing Process
✔ Allotment: Finalised on or around 12 March 2026 (Zerodha)
✔ Refunds Initiated: 13 March 2026 (Zerodha)
✔ Shares Credited: 13 March 2026 (Zerodha)
✔ Listing: 16 March 2026 on BSE & NSE (Zerodha)
You can check allotment status through the registrar’s website (like KFin Technologies) or directly via exchange IPO pages after the allotment date. (Zerodha)
💡 Investment Review
👍 Strengths
- Established player in stainless steel manufacturing with diversified product range (Upstox – Online Stock and Share Trading)
- Exports expand market reach beyond India (Upstox – Online Stock and Share Trading)
- Funds deployment aimed at expansion and debt reduction (Business Today)
⚠️ Risks
- Steel manufacturing can be cyclical with commodity price volatility
- Capital expenditures for expansion may increase financial leverage
- IPO listing gains not guaranteed; markets can be volatile
🏢 Registered Office Address
Rajputana Stainless Ltd
📍 Registered Office:
Survey No. 194 & 195,
Village: Rancharda,
Taluka: Kalol,
District: Gandhinagar – 382721,
Gujarat, India
📞 Phone: As per RHP filing
🌐 Industry: Stainless Steel Manufacturing
The company operates its manufacturing facility in Gujarat and supplies stainless steel products across domestic and international markets.
📄 IPO Registrar Office Details
KFin Technologies Ltd
(Registrar to the Issue)
📍 Registered & Corporate Office:
Selenium Tower B, Plot No. 31 & 32,
Financial District, Nanakramguda,
Serilingampally,
Hyderabad – 500032, Telangana, India
📞 Phone: +91-40-6716 2222
📧 Email: ipo@kfintech.com
🌐 Website: https://ipostatus.kfintech.com
📌 Registrar Responsibilities:
- IPO Allotment Processing
- Refund Initiation
- Share Credit to Demat Accounts
- Handling Investor Queries
Investors can check allotment status on KFin Technologies website using:
- PAN Number
- Application Number
- DP Client ID
DISCLAMER
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