
Materials & Industrials · NSE / BSE
Established in 1991, Rajputana Stainless Limited operates in the stainless-steel manufacturing sector, producing both long and flat stainless-steel products across more than 80 grades to serve industries such as seamless pipes, aerospace, forging, oil & gas, defense, automotive, aviation, and precision engineering. The company’s diversified portfolio includes billets, forging ingots, rolled black and bright bars, flat and patti products, and other ancillary items, with sales driven primarily through domestic direct sales and trader networks, along with exports to markets such as the UAE, USA, Turkey, Kuwait, and Poland. Its integrated manufacturing facility, spread over 35,196.98 sq. m. in Kalol, Gujarat, is equipped with advanced infrastructure including an induction furnace, AOD converter, continuous casting machine (CCM), heat treatment units, rolling mill, and bright bar shop, enabling efficient end-to-end production. Key products include billets used in forging and rolling processes, cast ingots for open-die forging and re-rolling with ensured traceability, and hexagonal bars widely used in nuts, valves, fasteners, hose ends, and hex bolts.
Price Band
₹116 – ₹122
Issue Size
₹2090.00 L Cr
Lot Size
110 shares
GMP
+0.8%
Est. Listing
₹123
at current GMP
Subscribed
1.12x
overall
Open
9 Mar 2026
Close
11 Mar 2026
Allotment
17 Mar 2026
Refund
18 Mar 2026
Demat Credit
19 Mar 2026
Listing
19 Mar 2026
Designated Registrar: Kfin Technologies Limited
Allotment Date
17 Mar 2026
Basis finalization
Refunds Initiate
18 Mar 2026
Mandate release
Demat Credit
19 Mar 2026
Shares in demat
Listing Debut
19 Mar 2026
Trading begins
Rajputana Stainless Limited is bringing an initial public offering (IPO) in the Materials & Industrials sector with an aggregate issue size of ₹2,09,00,000 Crores. The shares are offered at a price band of ₹116 to ₹122 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 110 shares (approx. ₹13,420 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-03-19, while un-allotted funds or UPI block mandates will be released on 2026-03-18.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.