Rajputana Stainless IPO Opens March 9 With Price Band Of Rs 116-122

Rajputana Stainless Ltd, a leading stainless steel manufacturer, is set to open its initial public offering (IPO) on Monday, March 9, 2026. The IPO, valued at Rs 254.98 crore, will remain open for subscription until Wednesday, March 11, 2026. The company has fixed the price band at Rs 116-122 per equity share, with a face value of Rs 10.  

The offering includes a fresh issue of 1.47 crore shares worth Rs 178.73 crore and an offer for sale (OFS) of 0.63 crore shares worth Rs 76.25 crore. Promoter Shankarlal Deepchand Mehta is the sole selling shareholder under the OFS. The proceeds from the IPO will be utilized for capacity expansion, debt repayment, and strengthening the company’s balance sheet.  

Key Highlights  

• Rajputana Stainless IPO opens March 9 and closes March 11  
• Price band fixed at Rs 116-122 per share  
• Total issue size Rs 254.98 crore  
• Fresh issue of 1.47 crore shares and OFS of 0.63 crore shares  
• Anchor investor allocation scheduled for March 6  
• Tentative listing date on BSE and NSE set for March 16  

Industry Significance  
Rajputana Stainless has reported steady revenue growth and improved profitability in FY25, positioning itself strongly in the stainless steel sector. Analysts note that the IPO reflects rising demand for stainless steel products in infrastructure, construction, and industrial applications. The offering is expected to attract investor interest given the company’s growth trajectory and sectoral outlook.  

Sources: The Economic Times, Business Standard, Mint, Chittorgarh