IPO Details
| IPO Date | 9 to 11 Mar, 2026 |
| Listing Date | Mon, Mar 16, 2026 T |
| Face Value | ₹ 10 per share |
| Price Band | ₹116 to ₹122 |
| Lot Size | 110 Shares |
| Sale Type | Fresh Capital & OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,09,00,000 shares (agg. up to ₹ 255 Cr) |
| Fresh Issue | 1,46,50,000 shares (agg. up to ₹ 179 Cr) |
| Offer for Sale | 62,50,000 shares of ₹ 10 (agg. up to ₹ 76 Cr) |
| Share Holding Pre Issue | 6,89,17,658 shares |
| Share Holding Post Issue | 8,35,67,658 shares |
IPO Important Dates
| IPO Open | Mon, Mar 9, 2026 |
| IPO Close | Wed, Mar 11, 2026 |
| Allotment | Thu, Mar 12, 2026 |
| Refund | Fri, Mar 13, 2026 |
| Credit of Shares | Fri, Mar 13, 2026 |
| Listing | Mon, Mar 16, 2026 |
IPO Lot Size
| Retail (Min) | 1 | 110 | ₹13,420 |
| Retail (Max) | 14 | 1,540 | ₹1,87,880 |
| S-HNI (Min) | 15 | 1,650 | ₹2,01,300 |
| S-HNI (Max) | 74 | 8,140 | ₹9,93,080 |
| B-HNI (Min) | 75 | 8,250 | ₹10,06,500 |
Key Performance Indicator
| ROE | 14.86% |
| ROCE | 16.55% |
| Debt/Equity | 0.49 |
| RoNW | 13.82% |
| PAT Margin | 4.87% |
| EBITDA Margin | 9.16% |
| Price to Book Value | |
Peers Comparison
| Rajputana Stainless | 5.78 | 5.78 | 22.05 | | 26.23 |
| Mangalam Worldwide | 10.59 | 10.29 | 91.37 | 22.57 | 11.28 |
| Mukand | 5.24 | 5.24 | 65.72 | 26.34 | 7.99 |
| Electrotherm | 347.06 | 347.06 | -124.60 | 3.16 | -278.47 |
| Panchmahal Steel | 1.74 | 1.74 | 84.02 | 182.18 | 2.07 |
Information about company
Incorporated in 1991, Rajputana Stainless Limited is engaged in manufacturing long and flat stainless-steel products.
The company offers a range of stainless steel products, including billets, forging ingots, rolled black and bright bars, flat & patti, and other ancillary products, in over 80 diverse grades.
The company primarily sells its products domestically through direct sales and traders, while also exporting to five countries: UAE, USA, Turkey, Kuwait, and Poland.
The company uses its expertise and infrastructure to supply raw materials for various industries, including seamless pipes, aerospace, forging, oil and gas, defense, automotive, aviation, and precision engineering.
The company operates a manufacturing facility of 35,196.98 Sq.m in Kalol, Gujarat, equipped with an induction furnace, AOD, CCM, heat treatment facilities, rolling mill, and bright bar shop for efficient production.
Product Portfolio:
As of September 30, 2025, the company had 408 permanent employees and workers comprising skilled and unskilled workers.
Competitive Strengths:
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding capital expenditure requirements for setting up of manufacturing facility for Stainless Steel Seamless Pipes to expand the product portfolio (“Proposed Facility”); 18.57 2 Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company; and 98.00 3 General corporate purposes Total 116.57
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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Day Wise GMP
| 02-03-2026 | 122.00 | 0(0.00%) | 122 |
| 01-03-2026 | | 0(0.00%) | (0.00%) |
| 28-02-2026 | | 0(%) | (%) |
IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
