Rajputana Stainless IPO Opens March 9: Key Details Investors Must Know

Rajputana Stainless Ltd, a stainless steel products manufacturer, is set to open its initial public offering (IPO) on Monday, March 9, 2026. The IPO will close on March 11, with allotment expected on March 12 and listing on both BSE and NSE scheduled for March 16.  

The company aims to raise ₹254.98 crore through a combination of fresh issue and offer for sale. The fresh issue will comprise 1.47 crore shares worth ₹178.73 crore, while the OFS will include 0.63 crore shares worth ₹76.25 crore.  

Key Highlights  

• IPO size: ₹254.98 crore  
• Price band: ₹116–122 per share  
• Fresh issue: 1.47 crore shares worth ₹178.73 crore  
• Offer for sale: 0.63 crore shares worth ₹76.25 crore  
• Lot size: 110 shares, minimum investment ₹13,420 at upper price band  
• Subscription window: March 9–11, 2026  
• Allotment date: March 12, 2026  
• Listing date: March 16, 2026 on BSE and NSE  
• Retail quota: 35%, QIB quota: 50%, HNI quota: 15%  
• FY25 financials: Revenue ₹937.49 crore, profit ₹39.85 crore, showing growth from FY24  

Strategic Outlook  
Rajputana Stainless plans to use IPO proceeds for capacity expansion and debt repayment. With steady revenue growth and improved profitability, analysts believe the IPO reflects strong fundamentals. However, investors should weigh sector risks, including raw material price fluctuations and global demand cycles, before making long-term commitments.  

Sources: Business Standard, The Economic Times, IPO Watch, Chittorgarh