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 IPO GMP & Allotment
Rajputana Stainless is a Mainboard IPO with a price band of Rs 116.00 to Rs 122.00 that listed on 19 Mar 2026 at a listing gain of 0.00%. Track its full GMP history, subscription data and listing details here.
- IPO Price Band
- ₹116.00 - ₹122.00
- Lot Size
- 110 Shares
- Bidding Closes
- 11 Mar 2026
- Listing Date
- 19 Mar 2026
Quick Answer & Highlights
Rajputana Stainless IPO GMP Today & Key Takeaways
Last updated: 18 Mar 2026
Rajputana Stainless IPO officially listed on 19 Mar 2026 at Rs 122.00, delivering a +0.00% listing gain compared to its issue price of Rs 122.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹0.
Rajputana Stainless IPO officially listed on 19 Mar 2026 at ₹122.00, delivering a +0.00% listing gain compared to its issue price of ₹122.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹0.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹0 | +0% vs upper band (18 Mar 2026) |
| Est. Listing Price | ₹122.00 | +0.00% Est. Listing Gain |
| Price Band | ₹116.00 - ₹122.00 | Mainboard IPO |
| Retail Minimum Investment | ₹13,420 | 1 Lot (110 Shares) |
| Bidding Window | 09 Mar 2026 – 11 Mar 2026 | Listed |
| Allotment & Listing Dates | Allotment: TBA | Listing: 19 Mar 2026 |
Current GMP Status
₹0
+0% vs upper band
Est. Listing Gain
+0.00%
Last Trend
18 Mar 2026
Listing Price
₹122.00
Retail Entry
₹13,420
IPO Details
Complete IPO information
| IPO Open Date | 09 Mar 2026 |
|---|---|
| IPO Close Date | 11 Mar 2026 |
| IPO Price Band | ₹116.00 - ₹122.00 |
| Lot Size | 110 Shares |
| Current GMP | ₹0 |
| Estimated Listing Gain | +0.00% |
| Issue Size | - |
| Fresh Issue | - |
| Issue Type | Mainboard |
| IPO Listing | NSE, BSE |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 0.42x |
| Minimum Investment | ₹13,420 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus | - |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Rajputana Stainless is priced at ₹122 per share. With a minimum lot size of 110 shares, a retail investor applying for one lot would need approximately ₹13,420 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Rajputana Stainless stands at ₹0, implying an estimated listing gain of around 0.00% over the issue price if it holds until listing. This is up ₹1 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Rajputana Stainless's IPO was subscribed 0.42x overall, with a category-wise breakdown of Retail 0.11x, QIB 0.99x.
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
09 Mar 2026
✓
Bidding Closes
11 Mar 2026
✓
Allotment
TBA
✓
Listing
19 Mar 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 09 Mar 2026 | Completed |
| Bidding Closes | 11 Mar 2026 | Completed |
| Allotment | TBA | Completed |
| Listing | 19 Mar 2026 | Completed |
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% |
Swipe to see more →
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 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
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 Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 09 Mar 2026 |
| IPO Close Date | 11 Mar 2026 |
| Basis of Allotment | - |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 19 Mar 2026 |
Note: The timeline for Rajputana Stainless IPO is tentative and subject to change.
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 Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
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
Rajputana Stainless Company Financials
To Be Updated Soon
Analysis
Rajputana Stainless Company Valuation – FY2026
To Be Updated Soon
Analysis
Rajputana Stainless IPO Peer Group Comparison
To Be Updated Soon
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.
Comparison
Compare Rajputana Stainless IPO with similar IPOs
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.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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