Rajputana Stainless Ltd.
NSE & BSE₹116–122
₹ 255 Cr
110 Shares
₹ 12,760
₹10
Financial Summary
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| 1,00,696.37 | 93,193.27 | |
| 390.33 | 537.45 | |
| 1,01,086.7 | 93,730.72 | |
| 91,428.65 | 85,818.54 | |
| 6,635.11 | 5,463.93 | |
| 4,981.84 | 3,985.14 |
Subscription Details
Subscription
IPO Timeline
IPO Offer Start
9 Mar 2026
IPO Offer Ends
11 Mar 2026
19 Mar 2026
Use of Proceeds
| # | Purpose | Amount (₹ Million) |
|---|---|---|
| 1 | Funding capital expenditure requirements in relation to the setting up of the Proposed Facility | 183.154 |
| 2 | Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Co | 980 |
| 3 | General corporate purposes | 446.428 |
Promoters
Book Running Lead Managers
Promoter Shareholding
Pre-IPO
78.21%
Promoter stake
Post-IPO
57.03%
Promoter stake
Offered to Public
2,09,00,000
shares
Post Share Capital
4,76,55,040
shares
IPO Registrar
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
About the Company
We are a growing Stainless Steel Manufacturing Unit with an annual installed capacity of 40,000 MT. In addition, we have an in-house Bright Bar manufacturing Unit having an annual installed capacity of 3,600 MT and two Wind Mill Projects at Kutchch and Rajkot respectively having an aggregate existing Power generation capacity of 2.10 MW, which we use for captive power consumption. We are one of the fastest growing manufacturers of high quality Stainless Steel Billets, RCS, Wire Rods, Hexagon, Square, Black & Bright Bars in various grades and sizes. Our Company’s Manufacturing Plant is located at 213, Madhwas, Halol Kalol Road, Kalol, Panchmahals Dist., Gujarat-389330. Our Plant is located on the Vadodara-Indore National Highway and is 55 kms from Vadodara Steel Market and 60 kms from ICD Dashrath Port. Our Company sells its goods through its Marketing offices located at Vadodara and Mumbai. In addition to that we have various dealers all across India selling our goods. Our customer profile includes Suraj Stainless Ltd., Rajratna Metals and other such Stainless Steel Players. The Company’s Revenues have grown from 3157.29 lacs in fiscal 2005 to Rs. 11281.21 lacs in fiscal 2009, at a CAGR of 37.49%. Our earnings before interest, tax, depreciation and amortization has increased from Rs. 46.21 lacs in 2005 to Rs. 657.69 lacs in 2009, at a CAGR of 94.23%. Our profit after tax has increased from Rs. 9.42 lacs in fiscal 2005 to Rs. 137.62 lacs in fiscal 2009, at a CAGR of 95.50%. This improvement in performance is due to the plant expansion carried out in 2008-09 Currently the company has an in-house Melting Unit, and Bright Bar unit and other facilities such as Drawing, Rolling etc are done by the Company outside on a job work basis. In order to achieve our goal of becoming a leading full-service integrated Stainless Steel Company with presence across the value chain, we are currently exploring options in the form of Forward Integration in the Stainless Steel Industry Value chain and are also considering certain key processes done outside currently to be done inhouse for improved productivity and profitability. We plan to setup our own Rolling Mill at a plot adjacent to our existing production Plant in order to gain the advantages of forward integration. The land procurement for the Rolling Mill Project has been completed and the shed construction for the same has already been started. We are also planning to increase our production capacity of Bright Bars to match the growing demand of this product. Also in order to further benefit from Power savings generated by owning Wind Energy Units we plan to set up one more Wind Mill having a Power generating Capacity of 1.5 MW at Gujarat.
Use of Proceeds
1. Funding capital expenditure requirements for expansion of the existing manufacturing facility at Panchmahal district, Gujarat through forward integration and diversification of product portfolio i.e., Stainless Steel Seamless Pipes (“Proposed Facility”). 2. Full or part repayment and/or prepayment of certain outstanding borrowings availed by our Company. 3. General corporate purposes.
Rajputana Stainless Ltd. Latest News
IPO FAQs
The Rajputana Stainless Ltd. IPO has a total of ₹255 crore, calculated at the upper end of the .
The Rajputana Stainless Ltd. IPO is priced at ₹116–122 per share. bids must fall within this , against a of ₹10 per share.
The for the Rajputana Stainless Ltd. IPO is 110 shares, which is also the minimum order quantity — you have to apply for at least 110 shares, and in multiples of 110 beyond that.
The minimum investment in the Rajputana Stainless Ltd. IPO is about ₹12,760 — one lot of 110 shares, calculated at the lower end of the .
Bidding at the cut-off or upper price raises the amount blocked in your account.
The Rajputana Stainless Ltd. opens on 9 Mar 2026 and closes on 11 Mar 2026.
Applications have to be in before 5:00 PM IST on the closing day, and your UPI mandate needs to be approved by then as well.
Rajputana Stainless Ltd. shares were listed on 19 Mar 2026 on BSE and NSE.
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.) is the for the Rajputana Stainless Ltd. IPO.
The registrar processes the , refunds and the credit of shares to your demat account, so allotment-status queries go to them — phone 040 - 67162222/18003094001 and email einward.ris@kfintech.com.
Rajputana Stainless Ltd. IPO shares are listed on BSE and NSE.
Each Rajputana Stainless Ltd. share has a of ₹10.
Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.
held 78.21% of Rajputana Stainless Ltd. before the IPO, which falls to 57.03% after the issue.
2,09,00,000 shares of Rajputana Stainless Ltd. are being offered to the public in this issue.
The Rajputana Stainless Ltd. IPO has been subscribed 1.12x overall — 2.51x, 2.59x and 0.27x.
figures update through the issue period until it closes.
- 1.Funding capital expenditure requirements for expansion of the existing manufacturing facility at Panchmahal district, Gujarat through forward integration and diversification of product portfolio i.e., Stainless Steel Seamless Pipes (“Proposed Facility”)
- 2.Full or part repayment and/or prepayment of certain outstanding borrowings availed by our Company
- 3.General corporate purposes
Nirbhay Capital Services Pvt Ltd. is the book running lead manager for the Rajputana Stainless Ltd. IPO.
Pre-apply means placing your Rajputana Stainless Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.
Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.
You can apply in the Rajputana Stainless Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.
Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.
Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.
You can check the Rajputana Stainless Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.