Rajputana Stainless IPO GMP today is Rs 0. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
RAJSTAINLESS
Rajputana Stainless
Rajputana Stainless IPO GMP, price band, subscription status, listing date, financials aur complete IPO details yahan track karein.
IPO Details
Complete IPO information
| Current GMP | ₹0 |
|---|---|
| Estimated Listing Gain | +0.00% |
| Price Band | ₹116.00 - ₹122.00 |
| Issue Price | ₹122.00 |
| Listing Price | ₹122.00 |
| Lot Size | 110 Shares |
| Issue Type | Mainboard |
| Issue Size | TBA |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | 0.42x |
| Listing Date | 19 Mar 2026 |
| Minimum Investment | ₹13,420 |
Timeline
IPO roadmap at a glance
01
Bidding Opens
09 Mar 2026
02
Bidding Closes
11 Mar 2026
03
Allotment
TBA
04
Listing
19 Mar 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 18 Mar 2026 | ₹3.00 | +₹1.00 | 2.46% |
| 16 Mar 2026 | ₹2.00 | +₹0.25 | 1.64% |
| 11 Mar 2026 | ₹1.75 | - | 1.43% |
| 10 Mar 2026 | ₹1.75 | - | 1.43% |
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 110 | ₹13,420 |
| Retail Maximum | 14 Lot | 1,540 | ₹1,87,880 |
| S-HNI Minimum | 15 Lot | 1,650 | ₹2,01,300 |
| S-HNI Maximum | 74 Lot | 8,140 | ₹9,93,080 |
| B-HNI Minimum | 75 Lot | 8,250 | ₹10,06,500 |
Analysis
Rajputana Stainless IPO Details
| IPO Open Date | March 9, 2026 |
|---|---|
| IPO Close Date | March 11, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹116 – ₹122 Per Share |
| Issue Size | Approx ₹254.98 Crores |
| Fresh Issue | Approx ₹178.73 Crores |
| Offer for Sale | Approx 62,50,000 Equity Shares |
| Issue Type | Book Build Issue |
| IPO Listing | BSE, NSE |
Analysis
Rajputana Stainless IPO Reservation
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | – % |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII (HNI) | – Shares | 15% |
| Retail | – Shares | 35% |
Analysis
Rajputana Stainless IPO Anchor Investors
| Details | Information |
|---|---|
| Anchor Bidding Date | March 6, 2026 |
| Anchor Investors List | To be announced |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock‑in Period End (50% Shares – 30 Days) | 2026 |
| Lock‑in Period End (50% Shares – 90 Days) | 2026 |
Analysis
Rajputana Stainless IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | March 9, 2026 |
| IPO Close Date | March 11, 2026 |
| Basis of Allotment | March 12, 2026 |
| Refunds | March 13, 2026 |
| Credit to Demat Account | March 13, 2026 |
| IPO Listing Date | March 16, 2026 |
| IPO Bidding Cut‑off Time | March 11, 2026 – 5 PM |
Analysis
Rajputana Stainless IPO Promoters & Holding
The promoters of the company are Shankarlal Deepchand Mehta, Babulal D Mehta, Jayesh Natvarlal Pithva, and Yashkumar Shankarlal Mehta.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 6,89,17,658 | 78.22% |
| Promoter Holding Post Issue | 8,35,67,658 | 57.01% |
Analysis
Rajputana Stainless IPO – Objects of the Issue
| Purpose | Amount (₹ Crores) |
|---|---|
| Funding capital expenditure for setting up a manufacturing facility for Stainless Steel Seamless Pipes to expand the product portfolio | ₹18.57 |
| Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company | ₹98.00 |
| General Corporate Purpose | – |
Analysis
About Rajputana Stainless IPO
Rajputana Stainless, founded in 1991, is one of the leading companies to manufacture long and flat stainless steel products. Its product portfolio includes a wide range of stainless steel products such as billets, forging ingots, rolled black and bright bars, flat & patti, and other ancillary products available in more than 80 different grades.
The firm sells its products via direct sales and traders, as well as exporting to other countries, including the UAE, the USA, Turkey, Kuwait, and Poland. Moreover, the firm also supplies its raw materials to various industries includes seamless pipes, aerospace, forging, oil and gas, defense, automotive, aviation, and precision engineering. Its manufacturing unit is situated in Kalol, Gujarat, covering 35,196.98 sq. m. Its facilities include modern equipment like an induction furnace, AOD, continuous casting machine (CCM), heat treatment unit, rolling mill, and bright bar shop.
Analysis
Rajputana Stainless IPO – Financial Report
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2023 | ₹950.69 | ₹922.11 | ₹24.04 | ₹297.34 |
| 2024 | ₹915.50 | ₹873.18 | ₹31.63 | ₹324.01 |
| 2025 | ₹937.49 | ₹882.85 | ₹39.85 | ₹420.36 |
| Sep 2025 | ₹502.77 | ₹470.45 | ₹24.41 | ₹448.80 |
Analysis
Rajputana Stainless IPO – Valuation (FY2025)
| KPI | Values |
|---|---|
| ROE | 30.17% |
| ROCE | 31.72% |
| EBITDA Margin | 7.92% |
| PAT Margin | 4.28% |
| Debt to Equity Ratio | 0.66 |
| Earning Per Share (EPS) | ₹5.78 (Basic) |
| Price/Earning (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 26.23% |
| Net Asset Value (NAV) | ₹22.05 |
Analysis
Rajputana Stainless IPO – Peer Group Comparison
| Company | EPS | P/E Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Mangalam Worldwide Ltd | 10.59 | 22.57 | 11.28% | ₹91.37 | ₹1,060.71 Cr. |
| Mukand Ltd | 5.24 | 26.34 | 7.99% | ₹65.72 | ₹4,889.99 Cr. |
| Electrotherm Ltd | 347.06 | 3.16 | (278.47%) | (₹124.60) | ₹4,115.37 Cr. |
| Panchmahal Steel Ltd | 1.74 | 182.18 | 2.07% | ₹84.02 | ₹383.10 Cr. |
Analysis
IPO Lead Managers aka Merchant Bankers
- Nirbhay Capital Services Pvt. Ltd.
FAQ
Rajputana Stainless IPO FAQs
Rajputana Stainless IPO price band is Rs 116.00 to Rs 122.00. Check the latest issue price, lot size and GMP together before applying.
Rajputana Stainless IPO open date is 09 Mar 2026, close date is 11 Mar 2026, and listing date is 19 Mar 2026.
Rajputana Stainless IPO lot size is 110 shares. The minimum retail investment is Rs 13,420.
Rajputana Stainless is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Rajputana Stainless IPO subscription status currently shows Retail 0.11x, QIB 0.99x, Overall 0.42x.
Rajputana Stainless is currently being tracked on GMP IPO Watch for GMP, subscription, price band and listing updates.
Rajputana Stainless IPO issue size is TBA and the expected allotment date is TBA.
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