GMP IPO Watch
Rajputana Stainless IPO Final Call: Steady Growth Meets a "Steel" Valuation?
Gujarat-based Rajputana Stainless is wrapping up its ₹255 crore mainboard IPO today, March...
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R
Mainboard IPO
LISTED
NSE, BSE
RAJSTAINLESS
Rajputana Stainless IPO
Rajputana Stainless IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹0
+0.0%
Est. Listing: ₹122.00
Price Band
₹116 - ₹122
Per equity share
Lot Size
110 Shares
Min Invest: ₹13,420
Issue Size
₹122 Cr
Total Public Offering
Issue Dates
8 March 2026 – 10 March 2026
Bidding period
Subscription
0.42x
Total overall demand
Rajputana Stainless IPO Details
Key facts at a glance| IPO Open Date | 8 March 2026 | IPO Close Date | 10 March 2026 |
|---|---|---|---|
| Basis of Allotment | TBA | Listing Date | 18 March 2026 |
| Price Band | ₹116 - ₹122 per share | Face Value | ₹10 per share |
| Market Lot Size | 110 Shares | Min Investment (Retail) | ₹13,420 |
| Total Issue Size | ₹122 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | NSE, BSE | Issue Category | Mainboard Issue |
| Registrar | TBA | ||
Rajputana Stainless IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 8 March 2026 | Confirmed |
| IPO Close Date | 10 March 2026 | Confirmed |
| Basis of Allotment | TBA | Tentative |
| Initiation of Refunds | TBA | Tentative |
| Credit of Shares to Demat | TBA | Tentative |
| IPO Listing Date | 18 March 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 5:00 PM on Closing Day | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Rajputana Stainless IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 110 Shares | ₹13,420 |
| Retail (Max) | 14 Lots | 1,540 Shares | ₹1,87,880 |
| S-HNI (Min) | 15 Lots | 1,650 Shares | ₹2,01,300 |
| S-HNI (Max) | 74 Lots | 8,140 Shares | ₹9,93,080 |
| B-HNI (Min) | 75 Lots | 8,250 Shares | ₹10,06,500 |
Rajputana Stainless IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹0 +0.0%
Estimated Listing Price
₹122.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 18 Mar 2026 | ₹3 | ₹125.00 | +2.46% |
| 16 Mar 2026 | ₹2 | ₹124.00 | +1.64% |
| 11 Mar 2026 | ₹1.75 | ₹123.75 | +1.43% |
| 10 Mar 2026 | ₹1.75 | ₹123.75 | +1.43% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Rajputana Stainless IPO Subscription Status
Demand breakdown by investor category
Retail
0.11x
QIB
0.99x
NII / HNI
—
Total
0.42x
About Rajputana Stainless
Rajputana Stainless IPO Reservation & Share Quotas
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | – % |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII (HNI) | – Shares | 15% |
| Retail | – Shares | 35% |
Rajputana Stainless IPO Important 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.
Rajputana Stainless IPO Important 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 |
Rajputana Stainless Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Rajputana Stainless Objects of the Issue & Utilisation of Proceeds
| 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 | – |
Rajputana Stainless Company Financial Report
To Be Updated Soon
Rajputana Stainless Company Valuation & Key Performance Indicators
To Be Updated Soon
Rajputana Stainless Peer Group Comparison
To Be Updated Soon
Rajputana Stainless 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. |
Rajputana Stainless Lead Managers & Merchant Bankers
- Nirbhay Capital Services Pvt. Ltd.
Rajputana Stainless IPO FAQs
Rajputana Stainless IPO opens for subscription on 8 March 2026 and closes on 10 March 2026.
The price band for Rajputana Stainless IPO is set at ₹116.00 to ₹122.00 per share.
The minimum market lot size is 110 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 110 Shares (₹13,420).
The latest Grey Market Premium (GMP) for Rajputana Stainless IPO is ₹0.00. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Rajputana Stainless IPO is tentatively scheduled for TBA, and shares are expected to list on the stock exchanges on 18 March 2026.
The registrar details will be confirmed in the official prospectus.
Rajputana Stainless IPO Analysis & Articles
