Selecting initial public offerings (IPOs) with the potential to generate long-term returns beyond listing day…
Rajputana Stainless Limited IPO 2026: Dates, Price Band, Lot & Allotment
Rajputana Stainless Limited IPO 2026 Overview
Rajputana Stainless Limited, a major manufacturer of long and flat stainless steel products, is set to launch its mainboard IPO on major Indian exchanges. The initial public offering is being planned with a price band of ₹116 – ₹122 per share, with each share having a face value of ₹10. The company aims to raise around ₹254.98 crore from this mixed issue, comprising both fresh shares and an offer for sale. The IPO is scheduled to open for subscription in March 2026.
IPO Important Dates
| Event | Date |
|---|---|
| IPO Opening Date | 09 Mar 2026 |
| IPO Closing Date | 11 Mar 2026 |
| Basis of Allotment | 12 Mar 2026 |
| Refunds Initiated | 13 Mar 2026 |
| Credit to Demat | 13 Mar 2026 |
| Listing Date | 16 Mar 2026 |
The IPO bidding will begin on 9th March 2026, and conclude on 11th March 2026. After allotment finalisation and refund procedures, shares are expected to list on both the BSE and NSE on 16th March 2026.
Issue Price & Size
| Attribute | Details |
|---|---|
| Price Band | ₹116 – ₹122 per share |
| Face Value | ₹10 per share |
| Total Issue Size | 2,09,00,000 shares (₹254.98 Cr) |
| Fresh Issue | 1,46,50,000 shares (≈ ₹178.73 Cr) |
| Offer For Sale | 62,50,000 shares (≈ ₹76.25 Cr) |
| Listing Exchanges | BSE & NSE |
The IPO consists of a combination of fresh equity shares and an offer for sale by existing shareholders. The overall issue size is around 2.09 crore shares, expected to generate an estimated ₹254.98 crore in total.
Market Lot & Investment Amount
| Application Type | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 110 | 13,420 |
| Retail (Max) | 14 | 1,540 | 1,87,880 |
| S-HNI (Min) | 15 | 1,650 | 2,01,300 |
| S-HNI (Max) | 74 | 8,140 | 9,93,080 |
| B-HNI (Min) | 75 | 8,250 | 10,06,500 |
Investors can participate in the IPO with a minimum of 110 shares per lot, and bids must be placed in multiples of this market lot. The table above outlines the investment required across investor categories.
IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| QIB (Qualified Institutional Buyers) | Not more than 50% |
| NII (Non-Institutional Investors) | Not more than 15% |
| Retail Investors | Not less than 35% |
The IPO adheres to standard allocation norms, with a significant portion reserved for institutional and retail investors.
Company & Business Snapshot
Rajputana Stainless Limited specialises in manufacturing a broad range of stainless steel products, including billets, forging ingots, rolled black and bright bars, flats, pattis and other ancillary items across more than 80 grades. The company’s products serve diverse sectors such as forging, seamless pipes, automotive, oil & gas, and engineering industries. It markets products domestically through direct sales and distributes internationally to markets including the UAE, USA, Turkey, Kuwait and Poland.
Allotment & Listing Schedule
After the IPO closes on 11th March 2026, the allotment process is expected to be completed by 12th March 2026. Refunds will be initiated and shares credited to investors’ demat accounts by 13th March 2026, ahead of the tentative listing on 16th March 2026 on the BSE and NSE.
Related Posts
