IPO Issue Details
Issue Price / Price Band₹122 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size110 Shares per Lot
Total Issue Size2,09,00,000 shares (agg. up to ₹255 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital & OFS
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 09 Mar 2026
Subscription CloseWed, 11 Mar 2026
Anchor AllotmentSun, 08 Mar 2026
Basis of AllotmentThu, 12 Mar 2026
Initiation of RefundsFri, 13 Mar 2026
Credit of Shares to DematFri, 13 Mar 2026
Listing DateMon, 16 Mar 2026
UPI Mandate Deadline5:00 PM on 11 Mar 2026 (Day 3)
Application & Investment Details
Retail — Min (1 Lots)₹13,420 — 110 shares
Retail — Max (13 Lots)₹174,460 (13 Lots)
HNI — Min (75 Lots)₹10,06,500 — 8,250 shares
EPS (Pre-IPO)₹5.78
EPS (Post-IPO)₹5.84
P/E Ratio (Pre-IPO)21.1x
P/E Ratio (Post-IPO)20.88x
Pre-IPO Promoter Holding6,89,17,658 shares
Post-IPO Promoter Holding8,35,67,658 shares
Fresh Issue Shares1,46,50,000 shares (agg. up to ₹179 Cr)
Offer for Sale Shares62,50,000 shares of ₹10 (agg. up to ₹76 Cr)
About Rajputana Stainless Ltd
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:Billet: The company produces stainless steel billets, semi-finished products made from liquid steel, used as optimal inputs for hot working processes such as forging, rolling, and ring rolling.Cast ingots: The company produces cast ingots, metal masses poured into molds for easy storage, transportation, and further processing. These ingots are free from defects, marked for traceability, and used in open die forgings, re-rolling, and ring rolling.Hexagon al Bars: The company produces hexagonal bars, stainless steel rolled into hexagonal shapes, used in manufacturing nuts, valves, hose ends, fasteners, and hex bolts.As of September 30, 2025, the company had 408 permanent employees and workers comprising skilled and unskilled workers.Competitive Strengths:Established, integrated manufacturing setup at a strategic location.Diverse Product Portfolio.Established customer base and strong relationships.Strong Promoters and Experienced Management Team.Track Record of healthy growth.
Objects of the Issue
Rajputana Stainless Ltd proposes to utilise the net proceeds from the Issue for the following objects:
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
Shareholding & Lock-in
Pre-IPO Promoter Holding
6,89,17,658 shares
Post-IPO Promoter Holding
8,35,67,658 shares