Rajputana Stainless IPO Opens March 9: ₹116–122 Price Band, GMP & Full Review

The Rajputana Stainless initial public offering (IPO) will go live on March 9, 2026. The IPO will end on March 11, 2026. The mainboard book building IPO seeks to raise ₹254.98 crores.

The IPO is a combination of fresh issues and Offer for Sale (OFS). 

Here is what you should know about this IPO for dates, lot size, band, financials and GMP.

Rajputana Stainless IPO: Key Highlights

Some of the key highlights are:

About Rajputana Stainless  

The Gujarat based steel manufacturer brought flat stainless steel products and formed a  company in 1991. 

The company has an induction furnace, AOD, CCM, heat treatment facilities, bright bar shop, and rolling mill. Rajputana Steel brings in wide variety of 80 products including:

• Billets and forging ingots

• Flat and Patti

• Rolled Back and Bright Bars

• Hexagonal Bars

• Cast Ingots

The major clients from Rajputana Steels come from industries such as pipes, aerospace, defence, automotive, oil and gas, aviation, and precision engineering. Other than the domestic demands, the company caters to the international demands in countries like the USA, UAE, Turkey, Kuwait, and Poland.

Rajputana Stainless IPO Price Band and Lot Size

Rajputana Stainless IPO March 9 2026 price band ₹116-₹122 review is as under. The face value of the share is ₹10. 

Lot Size Details

Rajputana Stainless IPO Reservation-Category Wise Allocation

Rajputana Stainless Financial Performance 

The financial achievement for Rajputana Stainless is as under (as on 31st September 2025)

Rajputana Stainless Objective of the Initial Public Offering

The following is how the company intends to use the net proceeds from the new issue:

• To increase the range of products it offers, Stainless Steel Pipes is investing ₹18.57 crores to establish a new production plant.

• Full or partial prepayment of ₹98 crores of outstanding secured borrowings.

• The remaining amount will be used for general corporate purposes.

The Offer for Sale (OFS) portion of ₹76.25 will go entirely to selling shareholders and will not benefit the company directly.

Competitive Strength of Rajputana Stainless 

Why does the IPO hold relevance depends on the strengths of Rajputana Stainless:

1. Diversified product portfolio of 80 stainless steel grades catering to multiple industries.

2. Experienced promoters and management team with over three decades of industry presence.

3. Established integrated manufacturing set up at a strategic location in Kalol Gujarat-closer to the key raw material sources

4. The customer base is wide that includes both international as well as domestic clients.

5. Consistent financial growth of PAT with 66% over the last two full financial years.

Investors can check the allotment status on the website of BSE and NSE portals using their PAN or application number.

Conclusion

Rajputana Stainless IPO brings in new opportunities for the investors who are looking to get exposure in the stainless steel industry. With strategic expansion plans and revenue growth, the company appears fundamentally strong.

The price band of the share and the permanent mix of OFS share and fresh issue makes it an interesting proposition for both retail and HNI investors. Well how Rajputana Stainless unfolds we will see in coming days.

For unlisted shares details, please visit Stockify.

FAQs

What are the IPO details for Rajputana Stainless?

On March 9, 2026, Rajputana Stainless will begin its initial public offering. On March 11, 2026, it will close. The BSE and NSE are anticipated to list.

What is the value that Rajputana Stainless IPO will raise?

Rajputana Stainless plans to raise ₹254.98 crores for its corporate and other objectives.

What is the lot size of Rajputana Stainless IPO?

Retail investors can apply for a minimum 1 lot (14 shares) and a maximum of 14 lots that is 1540 shares.

Where can I check Rajputana Stainless IPO status?

Investors can check the allotment status on BSE or NSE IPO allotment portal.