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Rajputana Stainless IPO Date, GMP, Price Band and Issue Details
The Rajputana Stainless Limited IPO is an upcoming public issue that has attracted attention from investors tracking opportunities in the metal and manufacturing sector. The company plans to raise funds through a combination of fresh equity shares and an offer for sale, allowing it to strengthen operations and expand its production capabilities.
Rajputana Stainless Limited operates in the stainless-steel manufacturing industry and produces long and flat stainless-steel products. The company offers more than 80 grades of stainless steel, supplying materials used across industries such as automotive, forging, utensils, seamless pipes, and engineering applications.
The business follows a strong B2B model and serves a broad customer base in both domestic and export markets. With decades of industry experience and an established manufacturing facility in Gujarat, the company has built a consistent presence in the stainless-steel segment.
The IPO structure includes both a fresh issue and an offer for sale by the promoter. The total public offering comprises around 2.09 crore equity shares, including a fresh issue of about 1.46 crore shares and an offer for sale of approximately 62.5 lakh shares.
Funds raised from the fresh issue are planned to be used primarily for capital expenditure, including setting up a new stainless-steel seamless pipes manufacturing facility. A portion of the proceeds may also be used to reduce existing debt and support general corporate purposes.
Rajputana Stainless has shown growth in financial performance over recent years. On an annualised basis, the company reported revenue of ₹912.17 crore and profit after tax of ₹42.11 crore, reflecting a steady improvement in operational performance.
Investors are closely watching the IPO details, grey market premium trends, and allotment schedule as the company prepares for its public market debut.
Rajputana Stainless Limited IPO Details
| IPO Open Date | TBA |
|---|---|
| IPO Close Date | TBA |
| Face Value | ₹10 Per Equity Share |
| Issue Type | Book Building Issue |
| Total Issue Size | 2,09,00,000 Equity Shares |
| Fresh Issue | 1,46,00,000 Equity Shares |
| Offer for Sale | 62,50,000 Equity Shares |
| Listing Exchange | BSE, NSE |
| Lead Manager | Nirbhay Capital Services Pvt Ltd |
| Registrar | KFin Technologies Ltd |
Rajputana Stainless IPO Timeline
| IPO Open Date | TBA |
|---|---|
| IPO Close Date | TBA |
| Basis of Allotment | TBA |
| Refunds | TBA |
| Credit to Demat Account | TBA |
| IPO Listing Date | TBA |
Company Overview
Founded in 1991, Rajputana Stainless Limited is engaged in the manufacturing of stainless-steel products such as billets, forging ingots, and rolled bars. The company operates a production facility in Kalol, Gujarat, and supplies its products to industries that require high-grade stainless steel for industrial applications.
The company’s product range serves sectors including oil and gas, engineering, aerospace, and automotive manufacturing. With expanding demand for stainless-steel products across various industries, the company aims to increase production capacity and strengthen its market presence through its upcoming IPO.
IPO Outlook
As the IPO moves closer to launch, investors are expected to track pricing details, grey market activity, and subscription demand. The offering could attract attention from market participants interested in companies operating in the industrial and metal manufacturing sector.
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