Rajputana Stainless Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Rajputana Stainless Ltd IPO

We are engaged in the business of manufacturing of long and flat stainless-steel products comprising of billets, forging ingots, rolled black bar, rolled bright bar, flat & patti and other ancillary products under the brand name of RSL. We offer our products in more than eighty (80) diverse grades of stainless steel.

Rajputana Stainless Ltd IPO Details

Total Shares Offered

₹ 2,09,00,000

Offer to Public

62,50,000

Retail Max (Shares)

₹ 1,31,67,000

Pre Issue Promoters Holding

₹ 5,39,05,040

Exchange

BSE

Issue size

₹ 254.98 Cr

IPO Open Date

Mar 9, 2026

Close Date

Mar 11, 2026

Lot Size

110

Min Investment

₹ 12,760

Issue Type

Book Building

Listing Date

Mar 19, 2026

Rajputana Stainless Ltd IPO Dates

Mar 9, 2026

Opening date

Mar 11, 2026

Closing date

Mar 17, 2026

Basis of Allotment

Mar 18, 2026

Initiation of Refunds

Mar 18, 2026

Credit of Shares

Mar 19, 2026

Listing date

Details

Sector	Type
Sector	Steel - Medium
Sub Sector	Small
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	2.51x	2090000	5239630
NII	2.59x	5643000	14640340
Retail	0.27x	13167000	3539580
Employee	0x	0	0
Total	1.12x	20900000	23419550

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2.51x

2.59x

0.27x

1.12x

2090000

5643000

13167000

20900000

5239630

14640340

3539580

23419550

Rajputana Stainless Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	63.40	50.64	35.49
EBITDA	72.16	58.96	42.40
PAT	39.85	31.63	24.04
Total Assets	345.51	252.69	223.16
Share Capital	68.92	34.46	34.46
Total Borrowings	138.45	126.92	98.51
Operating Activities (Net Cash)	48.61	39.95	30.95
Investing Activities (Net Cash)	0.46	0.16	-10.54
Financing Activities (Net Cash)	138.45	126.92	98.51
Net Cashflow	11.19	9.38	7.18

About Rajputana Stainless Ltd

Our Company was incorporated as `Rajputana Steel Castings Private Limited' under the erstwhile Companies Act, 1956, pursuant to a certificate of incorporation dated on April 2, 1991, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, pursuant to a special resolution dated June 1, 2007, our Company was converted to a public limited company, and the name of our Company was changed from `Rajputana Steel Castings Private Limited' to `Rajputana Steel Castings Limited', and a fresh certificate of incorporation dated June 18, 2007, was issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Thereafter, the name of our Company was changed to `Rajputana Stainless Limited' and consequent to change in name, a fresh certificate of incorporation dated July 12, 2007, was issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli.

India is the second largest consumer and the third largest producer of stainless steel globally, with estimated installed capacity 6.6-6.8 Mn Tons, the country has the capability to manufacture a wide range of steel grades and products, including stainless-steel and special steel for diversified application. Talking about India's position in the global stainless-steel market, India with average 7% share in global SS steel output (during 2016-20), remained the second largest stainless-steel producer behind China till 2020. Due to this wide end consumer base, demand for long and flat steel products is closely linked to the overall all economic growth industrial as well as consumer demand scenario.

Peer Comparison:

Mukand Ltd

Rajputana Stainless Ltd Key Points

Strengths

Established, integrated manufacturing setup at strategic location.

Diverse Product Portfolio.

Established customer base and relationships.

Promoters and Experienced Management Team.

Track Record of healthy growth.

Risk

The company derives a significant portion of the company's revenue from operations from its top 10 customers, and the company does not have long-term contracts with all these customers. If one or more such customers choose not to source their requirements from the company or to terminate its contracts or purchase orders, the company's business, cash flows, financial condition and results of operations may be adversely affected.

The Company, Promoters, Directors, KMPs and SMPs are parties to certain legal proceedings. Litigations involving the Company aggregate amounting to Rs.12,861.77 Lakhs which is 72.81% of the company's net worth Any adverse decision in such proceedings may have a material adverse effect on the company's business, results of operations and financial condition.

The company's Manufacturing Facility and Proposed Facility is located in Gujarat and therefore its operation is highly vulnerable to regional conditions and economic downturns in the region.

Strategy

Setting up of Stainless-Steel Seamless Pipes Unit.

Strengthening its foothold in its existing markets and expanding its customer base.

Continue to improve operations and profitability through strategic initiatives.

Continue its efforts towards training of manpower

Focus on rationalizing its indebtedness.

How To Apply for Rajputana Stainless Ltd IPO Online?

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From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Rajputana Stainless Ltd IPO?

Rajputana Stainless Ltd's IPO offers shares for up to 178.73 It begins on Mar 9, 2026 and ends on Mar 11, 2026.

What is the price of the Rajputana Stainless Ltd IPO?

The price of Rajputana Stainless Ltd IPO ranges between ₹116 to ₹122 per share.

What are the open and close dates for the Rajputana Stainless Ltd IPO?

The Rajputana Stainless Ltd IPO opens on Mar 9, 2026 and closes on Mar 11, 2026.

When will the Rajputana Stainless Ltd IPO be allotted?

The allotment for the Rajputana Stainless Ltd IPO will be finalised on Mar 17, 2026. The shares will be listed on BSE and NSE on Mar 19, 2026.

What is the minimum lot size required for Rajputana Stainless Ltd IPO?

The minimum lot size for Rajputana Stainless Ltd IPO is 110 shares, priced between ₹116 to ₹122 per share.

What is the GMP of Rajputana Stainless Ltd IPO?

The GMP (Grey Market Premium) of Rajputana Stainless Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Rajputana Stainless Ltd IPO?

To check the allotment status of Rajputana Stainless Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Rajputana Stainless Ltd IPO getting listed?

The Rajputana Stainless Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Mar 9, 2026, and closes on Mar 11, 2026. The allotment is finalised on Mar 17, 2026.

How do you apply for the Rajputana Stainless Ltd IPO?

To apply for the Rajputana Stainless Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.