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Rajputana Stainless Ltd
Closed NSE & BSE Bookbuilding IPO

Rajputana Stainless Ltd IPO

GMP Today
+₹1
+0.8%
Issue Price
₹122.00
Est. Listing: ₹123
IPO Overview
Issue Price
₹122.00
Lot Size
110.00 Shares
Min. Investment
₹13,420
Issue Size
2,09,00,000 shares (agg. up to ₹255 Cr) Cr
Face Value
₹10.00
Issue Type
Bookbuilding IPO
Listing Exchange
NSE & BSE
Script Code
Important Dates
IPO Open
09 Mar 2026
Done
IPO Close
11 Mar 2026
Done
Allotment
12 Mar 2026
Done
Refund Init.
13 Mar 2026
Done
Demat Credit
13 Mar 2026
Done
Listing Date
16 Mar 2026
Done
Rajputana Stainless Ltd Stock Price
NSE
Open
High
Low
Points
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Chart data unavailable
Data via Yahoo Finance · For informational use only
Subscription Allocation
Category Shares Offered Lots Amount (₹)
QIB (Qualified) 20,90,000
NII (HNI) 56,43,000 (27.00%) 75 ₹₹10,06,500
Retail 1,31,67,000 (63.00%) 1 ₹₹13,420
Fresh Issue 1,46,50,000 shares (agg. up to ₹179 Cr)
OFS 62,50,000 shares of ₹10 (agg. up to ₹76 Cr)
Retail (1 Lot)
1 Lots
110 Shares
₹₹13,420
HNI (sHNI)
75 Lots
8,250 Shares
₹₹10,06,500
Financial Highlights

Amount in ₹ Crore

Metric 30 Sep 2025 31 Mar 2025 31 Mar 2024
Revenue 502.77937.49915.50
PAT 24.4139.8531.63
EBITDA 45.9273.7959.41
Net Worth 176.65151.95112.27
Total Assets 448.80420.36324.01
Reserves 108.1683.7578.36
Borrowings 85.9199.7579.76
ROE
14.86%
ROCE
16.55%
RONW
13.82%
PAT Margin
4.87%
EBITDA Mgn
9.16%
D/E Ratio
0.49
Pre EPS
5.78
Post EPS
5.84
Pre P/E
21.1
Post P/E
20.88
Objects of Issue
  • Funding capital expenditure requirements for setting up of manufacturing facility for Stainless Steel Seamless Pipes to expand the product portfolio (“Proposed Facility”);
  • Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company; and
  • General corporate purposes
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.
Apply for This IPO
₹122.00
Min. ₹13,420 · 110.00 shares/lot
Expected Listing ₹123
GMP +₹1 (+0.8%)
Close Date 11 Mar 2026
Check Allotment
Pre-Issue
6,89,17,658 shares%
Post-Issue
8,35,67,658 shares%
Company Contact
Registrar
Kfin Technologies Ltd
  • 04067162222, 04079611000
  • rsl.ipo@kfintech.com
Lead Managers
  • Nirbhay Capital Services Pvt.Ltd
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