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Rajputana Stainless Ltd. IPO Details – Price, Date, GMP & Analysis
Listed
Mainboard
Price Range:
Rs.122.00
Issue Size:
Rs.254.98 Cr
Lot Size:
110 shares
Open Date:
March 9
Rajputana Stainless Ltd. IPO Overview
Bidding Dates
March 9 - March 11
Min Investment
₹13,420
Price Range
₹122.00
Issue Size
₹254.98 Cr
IPO DRHP Doc
Not Available
Company Overview
Incorporated in 1991, Rajputana Stainless Limited manufactures long and flat stainless-steel products, including billets, forging ingots, and rolled bars in over 80 grades. The company sells products domestically and exports to five countries: UAE, USA, Turkey, Kuwait, and Poland. It supplies raw materials for various industries such as aerospace, oil and gas, and automotive. The manufacturing facility in Kalol, Gujarat spans 35,196.98 Sq.m and is equipped with advanced production technology. As of September 30, 2025, the company employed 408 permanent workers.
IPO Timeline
Timeline information will be updated when available.
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 10.00% | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 27.00% | Oversubscribed |
| RII (Retail Individual Investors) | 63.00% | Oversubscribed |
| Total Subscription | Undersubscribed |
Last updated: Percentage of shares offered
Current GMP:
Rs.3
Est. Listing:
Rs.125
Est. Gain:
+2.5%
Star Rating:
★★★★★(1/5)
Financial Information
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Risks
Potential challenges and risk factors
- High revenue dependence on top customers without long-term contracts.
- Significant ongoing litigations and contingent liabilities.
- Geographic concentration of manufacturing operations in Gujarat.
- Dependence on limited key raw material suppliers.
- The majority of revenue is derived from domestic markets, especially select states.
IPO Details
IPO Reservation
Share Reservation Distribution
Retail
13,167,000 shares (63%)
HNI (NII)
5,643,000 shares (27%)
bNII (>₹10L)
3,762,000 shares (18%)
sNII (<₹10L)
1,881,000 shares (9%)
IPO Subscription Status
Key Dates
Open Date:March 9
Close Date:March 11
Listing Date:March 19
