Mainboard
IPO ·
BSE, NSE
Rajputana Stainless Ltd
Listed
Incorporated in 1991, Rajputana Stainless Limited is engaged in manufacturing long and flat stainless-steel products.
Issue details
Price band
₹116 – ₹122
Face value
₹10
Lot size
110 shares
Minimum investment
₹13,420
Issue size
₹254.98 Cr
Fresh issue
₹178.73 Cr
Offer for sale
₹76.25 Cr
Issue type
Book Built
Exchange
BSE, NSE
Key dates
Opens
9 Mar 2026
Closes
11 Mar 2026
UPI mandate cut-off
5:00 PM on 11 Mar 2026
Allotment
17 Mar 2026
Refunds
18 Mar 2026
Shares in demat
19 Mar 2026
Listing
19 Mar 2026
Subscription and listing
Subscription
1.06x
Listing price
₹122
Registrar
Kfin Technologies Ltd
Lead manager
Nirbhay Capital Services
Subscription by category
Total
1.06x
Total applications
20,131
Listing day
Issue price
₹122
Open
₹122.00
High
₹122.10
Low
₹111.16
Day close
₹113.03
Listing gain at open
0.00%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
20,90,000
10.00%
NII Shares Offered
56,43,000
27.00%
bNII > ₹10L
37,62,000
18.00%
sNII < ₹10L
18,81,000
9.00%
Retail Shares Offered
1,31,67,000
63.00%
Total Shares Offered
2,09,00,000
100.00%
Finaccle’s quick read
Neutral
FY25 income up 2%, PAT up 26%, ROE 14.86%, D/E 0.49, post-issue P/E 20.88x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the 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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
14.86%
ROCE
16.55%
Debt / equity
0.49
PAT margin
4.87%
P/E post issue
20.88
Market cap
₹1,019.53 Cr
Use of IPO money
Funding capital expenditure requirements for expansion of the existing manufacturing facility at Panchmahal district, Gujarat through forward integration and di
₹18.57 Cr
Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company
₹98.00 Cr
General corporate purposes
₹44.64 Cr
Issue Expenses
₹24.99 Cr
Strengths
✓
: Established, integrated manufacturing setup at a strategic location
✓
Diverse Product Portfolio
✓
PAT up 26% in FY25 to ₹39.85 Cr
✓
Moderate leverage: debt to equity 0.49
Risks to watch
!
Thin PAT margin of 4.87%
!
30% of the issue is an offer for sale by existing shareholders
Planning to take your own company public?
Every listing on this page started with a growing business that got its numbers, governance and paperwork ready for investors. If you are a promoter weighing an SME or main board IPO, we can tell you where you stand and what it will take.
Talk to our IPO Advisory team for readiness planning, or our IPO Consultancy team to run the listing end to end.
Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.