Rajputana Stainless
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
|
IPO Open Date |
March 9, 2026 |
|
IPO Close Date |
March 11, 2026 |
|
Face Value |
₹10 Per Equity Share |
|
IPO 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 |
|
IPO Listing |
BSE, NSE |
|
DRHP Draft Prospectus |
|
|
RHP Draft Prospectus |
|
Rajputana Stainless IPO Review & Key Points
- Review:
Rajputana 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.
|
Application |
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 |
IPO Reservation
|
Investor Category |
Share Offered |
Shares (%) |
|
Anchor Investor |
Shares |
-% |
|
QIB (Ex. Anchor) |
Shares |
50% |
|
NII Shares Offered |
Shares |
15% |
|
Retail Shares Offered |
Shares |
35% |
Rajputana Stainless IPO Anchor Investors
|
Anchor Bidding Date |
March 6, 2026 |
|
Anchor Investors List |
|
|
Shares Offered |
[.] Shares |
|
Anchor Size |
[.] Cr. |
|
lock-in period end date 50% shares (30 Days) |
2026 |
|
lock-in period end date 50% shares (90 Days) |
2026 |
Rajputana Stainless IPO Dates
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 Open Date: |
March 9, 2026 |
|
IPO Close Date: |
March 11, 2026 |
|
Basis of Allotment: |
March 12, 2026 |
|
Refunds: |
March 13, 2026 |
|
Credit to Demat Account: |
March 13, 2026 |
|
IPO Listing Date: |
March 16, 2026 |
|
IPO Bidding Cut-off Time: |
March 11, 2026 5 PM |
Promoters and Holding Pattern
The promoters of the company are Shankarlal
Deepchand Mehta, Babulal D Mehta, Jayesh Natvarlal Pithva and Yashkumar Shankarlal
Mehta.
|
Particular |
Shares |
% Share |
|
Promoter Holding Pre Issue |
6,89,17,658 |
78.22% |
|
Promoter Holding Post Issue |
8,35,67,658 |
57.01% |
Objects of the Issue & Utilisation
of proceeds
|
Purpose |
Crores |
|
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 |
₹- |
About Rajputana Stainless IPO
Rajputana Stainless, founded in 1991, is one of the leading companies to manufacture long and flat stainless
steel products. Its product portfolio includes a wide range of stainless steel products such as billets, forging ingots,
rolled black and bright bars, flat & patti, and
other ancillary products available in more than 80 different grades.
The firm sells its products via direct sales and traders, as
well as exporting to other countries, including the UAE, the USA, Turkey,
Kuwait, and Poland. Moreover, the firm also supplies its raw materials to
various industries includes seamless pipes, aerospace,
forging, oil and gas, defense, automotive, aviation, and precision engineering.
Its manufacturing unit is situated in Kalol, Gujarat, covering 35,196.98 sq. m.
Its facilities include modern equipment like an induction furnace, AOD,
continuous casting machine (CCM), heat treatment unit, rolling mill, and bright
bar shop.
Rajputana Stainless IPO Company Financial Report
Amount ₹ in Crores
|
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 FY2025
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.
|
KPI |
Values |
|
ROE: |
30.17% |
|
ROCE: |
31.72% |
|
EBITDA Margin: |
7.92% |
|
PAT Margin: |
4.28% |
|
Debt to equity ratio: |
0.66 |
|
Earning Per Share (EPS): |
₹5.78 (Basic) |
|
Price/Earning P/E Ratio: |
N/A |
|
Return on Net Worth (RoNW): |
26.23% |
|
Net Asset Value (NAV): |
₹22.05 |
Peer Group Comparison
|
Company |
EPS |
PE Ratio |
RoNW % |
NAV |
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. |
IPO Lead Managers aka Merchant
Bankers
- Nirbhay
Capital Services Pvt. Ltd.
Company Address
Rajputana Stainless Ltd.
213, Madhwas,
Halol Kalol Road, Kalol,
Panchmahal
Halol, Gujarat, 389330
Phone: +91 63 5816 4770
Email: compliance@rajputanastainless.com
Website: https://www.rajputanastainless.com/
IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: rsl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Rajputana Stainless IPO FAQs
What is Rajputana Stainless IPO?
Rajputana Stainless IPO is Mainboard IPO. The company is
going to raise ₹254.98 Crores via IPO. The issue is priced at ₹116
to ₹122 per equity share. The IPO is to be listed on BSE & NSE.
When Rajputana Stainless IPO will
open for subscription?
The IPO is to open on March 9, 2026
for QIB, NII, and Retail Investors. The IPO will close on March 11, 2026.
What is Rajputana Stainless IPO Investors Portion?
The investors portion for QIB is 50%, NII is 15%, and
Retail is 35%.
How to Apply the Rajputana Stainless IPO?
You can apply for Rajputana Stainless IPO via ASBA online
via your bank account. You can also apply for ASBA
online via UPI through your stock brokers.
You can also apply via your stock brokers by filling
up the offline form.
What is Rajputana Stainless IPO Issue Size?
Rajputana Stainless IPO issue size is ₹255 crores.
What is Rajputana Stainless IPO Price Band?
Rajputana Stainless IPO Price Band is ₹116 to
₹122.
What is Rajputana Stainless IPO Lot Size?
The minimum bid is 110 Shares with ₹13,420
amount.
What is the Rajputana Stainless IPO Allotment Date?
Rajputana Stainless IPO allotment date is March 12, 2026.
What is the Rajputana Stainless IPO Listing Date?
Rajputana Stainless IPO listing date is March 16, 2026. The
IPO is to list on BSE & NSE.
Note: The Rajputana Stainless IPO price band and date are officially
announced. The (Rajputana Stainless IPO grey market premium)
will be added to the IPO GMP page as it will start).