Rajputana Stainless IPO has opened for subscription today, attracting attention from investors looking for new opportunities in the steel sector. With a price band of ₹116–₹122 and a ₹255 crore issue size, the IPO offers both fresh shares and an offer for sale, making it an important public offering to watch this week.
Rajputana Stainless IPO Date, Price Band and Issue Details
The much-awaited Rajputana Stainless IPO opened for bidding on 9 March 2026 and will remain open until 11 March 2026. Investors can apply within the announced price band of ₹116 to ₹122 per share. Meanwhile, the company aims to raise approximately ₹255 crore through this public offering.
Moreover, the IPO consists of two components. The company plans to raise around ₹179 crore through fresh issue of shares. On the other hand, promoters will sell shares worth ₹76 crore through an Offer for Sale (OFS). Consequently, the fresh funds will support business expansion and other corporate purposes.
| IPO Feature | Details |
|---|---|
| IPO Opening Date | 9 March 2026 |
| IPO Closing Date | 11 March 2026 |
| Price Band | ₹116 – ₹122 per share |
| Total Issue Size | ₹255 crore |
| Fresh Issue | ₹179 crore |
| Offer for Sale (OFS) | ₹76 crore |
| Lot Size | 110 shares |
Additionally, the IPO is structured as a book-built issue, allowing institutional and retail investors to participate in the offering.
Also Read: Meesho Share Price Crashes 10% After ₹1,499 Crore Tax Demand — What Investors Should Know
Rajputana Stainless IPO Lot Size and Minimum Investment
The lot size for Rajputana Stainless IPO has been fixed at 110 shares. Therefore, retail investors must apply for at least one lot when submitting their IPO application.
If an investor applies at the upper price band of ₹122, the minimum investment required for one lot would be around ₹13,420. However, investors may apply for multiple lots depending on their investment capacity and regulatory limits.
| Investment Type | Details |
|---|---|
| Lot Size | 110 shares |
| Price Band Upper Limit | ₹122 |
| Minimum Investment | ₹13,420 (Approx) |
Meanwhile, retail investors typically consider both company fundamentals and grey market trends before making an IPO investment decision.
Rajputana Stainless IPO Grey Market Premium (GMP) Today
The Rajputana Stainless IPO GMP today indicates mild market interest. According to market observers tracking the grey market, the company’s shares are currently trading at a premium of around ₹2 per share.
Therefore, based on the upper price band of ₹122, the estimated listing price could be around ₹124. However, investors should remember that grey market premiums are unofficial and can change quickly depending on market sentiment.
Moreover, GMP should never be the sole factor when deciding whether to apply for an IPO. Instead, investors should evaluate the company’s financial performance, growth potential, and industry position.
Also Read: PNB FD Rate Hike 2026: 7.40% on 444-Day Deposit Beats SBI & BoB – Check Full Comparison
Rajputana Stainless IPO Subscription Status Day 1
On the first day of bidding, the IPO witnessed a modest start in terms of subscription numbers. By around 12:42 PM on Day 1, the overall issue was subscribed approximately 0.07 times.
Meanwhile, the Non-Institutional Investor (NII) segment showed relatively stronger interest compared to other categories. On the other hand, retail participation remained limited during the early hours of bidding.
| Investor Category | Subscription Status |
|---|---|
| Total Subscription | 0.07 times |
| Retail Investors | 0.03 times |
| NII Segment | 0.20 times |
However, IPO subscriptions often increase significantly on the final day. Consequently, market experts usually recommend monitoring subscription trends throughout the bidding period.
Rajputana Stainless IPO Allotment and Listing Date
After the subscription window closes on 11 March 2026, the share allotment process will begin shortly afterward. The tentative allotment date is expected to be 12 March 2026.
Meanwhile, the company plans to list its shares on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). If the timeline remains unchanged, the shares are likely to debut on the stock exchanges on 16 March 2026.
| IPO Event | Date |
|---|---|
| IPO Closing Date | 11 March 2026 |
| Allotment Date | 12 March 2026 |
| Listing Date | 16 March 2026 |
| Stock Exchanges | BSE and NSE |
Additionally, KFin Technologies has been appointed as the official registrar for the IPO, responsible for managing investor applications and share allotments.
Rajputana Stainless IPO Review: Should You Apply?
Brokerage firms have shared mixed yet generally positive views about the IPO. Several market analysts believe the company’s valuation appears reasonable compared with industry peers.
According to a report by Anand Rathi, the company is valued at around 21x P/E based on FY25 earnings at the upper price band. Moreover, the brokerage highlighted the firm’s consistent performance and strong financial indicators.
Therefore, Anand Rathi has recommended a “Subscribe” rating for the IPO.
Similarly, analysts at BP Wealth have suggested that investors consider applying for the issue. The brokerage noted that the company’s improving margins, diversified product portfolio, and expansion initiatives could support future growth.
In addition, several other firms including Adroit Financial Services, SBI Capital Securities, and Ventura Securities have also given a “Subscribe” recommendation.
However, not all brokerages share the same view. Swastika Investmart has issued an “Avoid” rating for the IPO, suggesting that some investors may prefer to wait for clearer growth signals.
Consequently, investors should carefully assess both the potential risks and opportunities before making their final decision.
Key Factors Investors Should Consider Before Applying
Before applying for any IPO, investors should analyze several important factors rather than relying solely on market hype.
First, reviewing the company’s financial performance and growth trajectory is essential. A consistent revenue and profit trend often signals business stability.
Second, understanding the industry outlook is equally important. Stainless steel demand remains linked to infrastructure, manufacturing, and construction sectors.
Third, valuation plays a major role in IPO investment decisions. Even strong companies may deliver limited returns if the issue price already reflects most future growth.
Finally, long-term investors typically focus on companies with strong expansion strategies, diversified product lines, and efficient operations.
Therefore, investors should evaluate Rajputana Stainless from both short-term listing gains and long-term investment perspectives.
Frequently Asked Questions
1. What is the Rajputana Stainless IPO date?
The Rajputana Stainless IPO opened on 9 March 2026 and will close on 11 March 2026.
2. What is the price band of Rajputana Stainless IPO?
The company has fixed the price band at ₹116 to ₹122 per share.
3. What is the lot size for Rajputana Stainless IPO?
Investors must apply for a minimum lot of 110 shares.
4. What is the expected listing date of Rajputana Stainless IPO?
The IPO is expected to list on the stock exchanges on 16 March 2026.
5. What is the Rajputana Stainless IPO GMP today?
According to market observers, the current grey market premium is around ₹2 per share.
6. Should investors apply for the Rajputana Stainless IPO?
Several brokerage firms have recommended subscribing to the IPO, although investors should evaluate their own risk tolerance and investment goals before applying.