
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
Last updated: 19 Mar 2026
Current Premium
Issue Price (Upper)
₹122
Band: ₹116 – ₹122
Estimated Listing Price
₹123
Upper price + GMP
Lot Size
110 shares
Min investment ₹13,420
Estimated Profit / Lot
₹110
110 × ₹1
Grey Market Premium trend
+₹1
▲ 0 today
Updated 1 minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 28 Sep 2026 | +₹1 | 0.8% | ₹123 |
| 26 Sep 2026 | +₹1 | 0.8% | ₹123 |
| 25 Sep 2026 | +₹1 | 0.7% | ₹123 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
The latest grey market premium for Rajputana Stainless Limited IPO is ₹1, which indicates an expected listing price of ₹123.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.