 |
 |
 |
Search Issue:
Rajputana Stainless IPO is a mainboard IPO aggregating up to 254 crore 98 lakh rupees. The issue consists of a fresh issue of 1,46,50,000 shares (aggregating up to 178 crore 73 lakh rupees) and an offer for sale of 62,50,000 shares (aggregating up to 76 crore 25 lakh rupees).
The IPO opened for subscription on 9 March 2026 and closes on 11 March 2026. The basis of allotment was finalised on 17 March 2026. The shares were listed on NSE and BSE on 19 March 2026.
The price band for the IPO is set at ₹116 to ₹122 per share. The minimum amount required for a retail investor is ₹13,420 (110 shares, 1 lot). The minimum amount required for an sHNI investor is ₹2,01,300 (1,650 shares, 15 lots).
The final allotment price for the Rajputana Stainless IPO was fixed at ₹122 per share. The shares successfully listed on the BSE at ₹123.95 per share (with a listing gain of 1.59%) and on the NSE at ₹122.00 per share (with a listing gain of 0.00%).
Nirbhay Capital Services Pvt Ltd is the lead manager and KFin Technologies is the registrar of the IPO.
Refer to Rajputana Stainless RHP for more detailed information.
Rajputana Stainless Share Price Analysis API (Live)
▼
₹176.74
-0.92 (-0.52%)
As of 01 Sep, 2026
Open
₹177.30
Day High - Low
₹183.53 - ₹175.95
Volume
348,027
52 Weeks High
₹183.53
on 01 Sep 2026
52 Weeks Low
₹101.70
on 30 Mar 2026
RSI (14)
80.5 (O.Bought)
50 DMA
145.03
200 DMA
-
Loading...
Due to unsolicited emails and video material making an invitation to participate in the Initial Public Offering (IPO) of Rajputana Stainless, which the Company has inadvertently shared through email to certain individuals and entities. Securities and Exchange Board of India (SEBI) directed to have an option to withdraw their (investors) bids. Refer to NOTICE TO INVESTORS FOR OPTION OF WITHDRAWAL OF BIDS for more details.
Rajputana Stainless IPO Details Listed
IPO Date
9 March 2026 to 11 March 2026The opening and closing dates during which investors can apply for the IPO.
Listing Date
19 March 2026The date when shares start trading on the stock exchanges.
Face Value
₹10 per shareThe nominal value of a security stated in the company books. Mainly used as the base for dividends and accounting
Price Band
₹116 to ₹122 per shareThe minimum and maximum price range within which investors can bid for IPO shares.
Lot Size
110 SharesThe minimum number of shares an investor must apply for in a single IPO application.
Allotment Price
₹122 per shareThe final price at which shares are allocated to investors after the bidding process closes.
Listing Price (NSE)
122.00The opening trade price of the stock on its first day on the exchange (National Stock Exchange)
Listing Gain (NSE)
0.00%The percentage change between the allotment price and the listing price on listing day at NSE
Listing Price (BSE)
123.95The opening trade price of the stock on its first day on the exchange (Bombay Stock Exchange).
Listing Gain (BSE)
1.59%The percentage change between the allotment price and the listing price on listing day at BSE
Issue Type
Book Built Issue The method used to price the IPO. In a Book Built Issue, the price is determined by investor demand within the price band.
Listing At
NSE, BSEThe stock exchange(s) where the company shares will be officially listed and traded.
IPO Issue Details
Issue Size
2,09,00,000 shares (₹2,54,98,00,000)Total number of shares multiplied by the issue price.
Issue (Sale Type)
Fresh issue and Offer for saleIndicates whether the IPO includes new shares (Fresh Issue), existing shares sold by promoters (OFS).
Fresh Issue
1,46,50,000 shares (₹1,78,73,00,000)New shares created and sold by the company. Proceeds go directly to the company for business use.
Offer for Sale
62,50,000 shares (₹76,25,00,000)Existing shares sold by promoters or investors. Proceeds go to the sellers, not the company.
Share Holding (Pre Issue)
6,89,17,658 sharesTotal number of shares outstanding before the IPO.
Share Holding (Post Issue)
8,35,67,658 sharesTotal number of shares outstanding after the fresh issue shares are added.
ISIN Number
INE313L01016A unique 12 character international code that identifies a specific security for trading and settlement.
BSE Scrip Code
544731A unique numeric code assigned by the Bombay Stock Exchange to identify a listed company.
NSE Symbol
RSLA unique ticker symbol assigned by the National Stock Exchange to identify a listed company.
The Rajputana Stainless IPO is a mainboard IPO with issue size 2,09,00,000 shares (aggregating up to 254 crore 98 lakh rupees). The issue is priced at ₹116 to ₹122 per share and is a mix of a fresh issue of 1,46,50,000 shares (aggregating up to 178 crore 73 lakh rupees) and an offer for sale of 62,50,000 shares (aggregating up to 76 crore 25 lakh rupees).
Rajputana Stainless IPO Lot Size & Required Amount
Rajputana Stainless IPO has set a price band of per share and lot size is of shares.
Retail investors can bid for a minimum of 1 lot (110 shares), requiring minimum investment of ₹13,420,
and maximum upto 14 lots (1540 shares), requiring maximum investment of ₹1,87,880.
Small HNI investors can bid for a minimum of 15 lots (1650 shares), requiring an investment of ₹2,01,300,
small hni (sHNI) investors can bid for a maximum of 74 lots (8140 shares), requiring an investment of ₹9,93,080 and big hni (bHNI) investors can bid for a minimum of 75 Lots (8250 shares), requiring an investment of ₹10,06,500.
Calculated at the cut-off price ₹ per share (the upper end of the price band).
Number of Shares Per Lot = Shares
| Application | Lot(s) | Shares | Amount |
|---|---|---|---|
|
Retail (Min) Minimum investment required for Retail Individual Investors (RII). |
1 | 110 | ₹13,420 |
|
Retail (Max) Maximum investment allowed for Retail Individual Investors (Must be under ₹2 Lakhs). |
14 | 1540 | ₹1,87,880 |
|
S-HNI (Min) Minimum investment for Small High Net-worth Individuals (sHNI) (Must be above ₹2 Lakhs). |
15 | 1650 | ₹2,01,300 |
|
S-HNI (Max) Maximum investment for Small High Net-worth Individuals (sHNI) (Must be up to ₹10 Lakhs). |
74 | 8140 | ₹9,93,080 |
|
B-HNI (Min) Minimum investment for Big High Net-worth Individuals (bHNI) (Must be above ₹10 Lakhs). |
75 | 8250 | ₹10,06,500 |
IPO Reservation
Rajputana Stainless IPO offers total 2,09,00,000 shares (100%) . Out of which Not more than 50% of the net offer allocated to QIB, Not more than 15% of the net offer allocated to NII, Not less than 35% of the net offer allocated to RII.
| Investor Category | Shares Offered |
|---|---|
|
QIB Shares Offered
Qualified Institutional Buyers (e.g., mutual funds, banks). |
Not more than 50% of the net offer |
|
NII (HNI) Shares Offered
Non-Institutional Investors, also known as High Net-worth Individuals. |
Not more than 15% of the net offer |
|
Retail Shares Offered
Retail Individual Investors applying for up to ₹2 Lakh. |
Not less than 35% of the net offer |
| Total Shares Offered | 2,09,00,000 shares (100%) |
IPO Anchor Investors
Rajputana Stainless IPO raises ₹10 crore from anchor investors. Rajputana Stainless IPO anchor bid date was 6 March 2026.
💼 Anchor Investors Allocation Letter (PDF)Bid Date
The date on which anchor investors can bid for the shares.
6 March 2026
Shares Offered
Total number of shares allocated specifically to anchor investors.
8,19,720 shares (withdrawn)
Anchor Portion (₹ Cr.)
Total value of the shares allocated to anchor investors in crores.
10
Rajputana Stainless IPO anchor investors allocation has been withdrawn, refer to anchor allocation withdrawn notice for more details.
Rajputana Stainless
Annual Performance (31 Mar 25 vs 31 Mar 24)
Rajputana Stainless's Assets increased by 29.7%, Revenue increased by 2.4%, Profit After Tax increased by 26%, EBITDA increased by 24.2%, Net Worth increased by 35.3%, Total Borrowing increased by 25.1%, Reserves & Surplus increased by 6.9% compared to the previous financial year.
Assets
▲ 29.7%
(96.35)
Revenue
▲ 2.4%
(21.99)
Profit After Tax
▲ 26%
(8.22)
EBITDA
▲ 24.2%
(14.38)
Net Worth
▲ 35.3%
(39.68)
Total Borrowing
▲ 25.1%
(19.99)
Reserves & Surplus
▲ 6.9%
(5.39)
Previous Financial Year Growth (31 Mar 24 vs 31 Mar 23)
Comparing 31 Mar 24 with 31 Mar 23, Assets increased by 9%, Revenue dropped by 3.7%, Profit After Tax increased by 31.6%, EBITDA increased by 35.5%, Net Worth increased by 38.3%, Total Borrowing dropped by 0.1%, Reserves & Surplus increased by 67.7%.
Assets (Prev Yr)
▲ 9%
(26.67)
Revenue (Prev Yr)
▼ 3.7%
(-35.19)
Profit After Tax (Prev Yr)
▲ 31.6%
(7.59)
EBITDA (Prev Yr)
▲ 35.5%
(15.56)
Net Worth (Prev Yr)
▲ 38.3%
(31.1)
Total Borrowing (Prev Yr)
▼ 0.1%
(-0.07)
Reserves & Surplus (Prev Yr)
▲ 67.7%
(31.63)
2-Year Performance Change (31 Mar 23 To 31 Mar 25)
Between 31 Mar 25 and 31 Mar 23, Assets increased by 41.4%, Revenue dropped by 1.4%, Profit After Tax increased by 65.8%, EBITDA increased by 68.3%, Net Worth increased by 87.2%, Total Borrowing increased by 25%, Reserves & Surplus increased by 79.2%.
Assets (2-Yr Change)
▲ 41.4%
(123.02)
Revenue (2-Yr Change)
▼ 1.4%
(-13.2)
Profit After Tax (2-Yr Change)
▲ 65.8%
(15.81)
EBITDA (2-Yr Change)
▲ 68.3%
(29.94)
Net Worth (2-Yr Change)
▲ 87.2%
(70.78)
Total Borrowing (2-Yr Change)
▲ 25%
(19.92)
Reserves & Surplus (2-Yr Change)
▲ 79.2%
(37.02)
| 30 Sep 25 In Cr. | 31 Mar 25 In Cr. | 31 Mar 24 In Cr. | 31 Mar 23 In Cr. | |
|---|---|---|---|---|
| Assets | 448.8 | 420.36 | 324.01 | 297.34 |
| Revenue | 502.77 | 937.49 | 915.5 | 950.69 |
| Profit After Tax | 24.41 | 39.85 | 31.63 | 24.04 |
| EBITDA | 45.92 | 73.79 | 59.41 | 43.85 |
| Net Worth | 176.65 | 151.95 | 112.27 | 81.17 |
| Total Borrowing | 85.91 | 99.75 | 79.76 | 79.83 |
| Reserves & Surplus | 108.16 | 83.75 | 78.36 | 46.73 |
Financial Performance Indicator (FPI)
| FPI | 30 Sep 2025 | 31 March 2025 |
|---|---|---|
ROE Return on Equity (ROE) is a measure of financial performance... | 14.86% | 30.17% |
ROCE Return on Capital Employed indicates how efficiently a company uses its capital. | 16.55% | 31.72% |
Debt/Equity A ratio comparing total liabilities to shareholder equity. | 0.49 | 0.66 |
RoNW RoNW (Return on Net Worth) is the percentage of profit earned relative to the company's net worth and reflects overall profitability for shareholders. | 13.82% | 26.23% |
PAT Margin Profit After Tax as a percentage of revenue. Shows how much net profit is retained from every rupee of sales. | 4.87% | 4.28% |
EBITDA Margin EBITDA Margin indicates earnings before interest, tax, depreciation, and amortisation as a percentage of revenue; reflects core operating efficiency. | 9.16% | 7.92% |
Price to Book Value Compares the stock's market price to its book value per share. A higher ratio may indicate market premium. | 5.53 |
| Pre IPO | Post IPO | |
|---|---|---|
EPS Rs Earnings Per Share is a company's profit divided by outstanding shares. | 5.78 | 5.84 |
P/E (x) Price to Earnings ratio is the ratio of a stock's market price to its earnings per share. Indicates how much investors pay per rupee of earnings. | 21.1 | 20.88 |
Promoter Holding The percentage of total shares held by the company's founders or promoter group. | 78.22% | 57.01% |
Market Cap Total market value of a company's outstanding shares. | ₹1,019.53 crore | |
IPO Peer Comparison
| Company Name | P/E ratio | EPS (Basic) | EPS (Diluted) | NAV (per share) | RoNW (%) | P/BV |
|---|---|---|---|---|---|---|
| Panchmahal Steel | 182.18(Panchmahal) | 1.74(Panchmahal) | 1.74(Panchmahal) | 84.02(Panchmahal) | 2.07(Panchmahal) | (Panchmahal) |
| Electrotherm | 3.16(Electrotherm) | 347.06(Electrotherm) | 347.06(Electrotherm) | -124.60(Electrotherm) | -278.47(Electrotherm) | (Electrotherm) |
| Mukand | 26.34(Mukand) | 5.24(Mukand) | 5.24(Mukand) | 65.72(Mukand) | 7.99(Mukand) | (Mukand) |
| Mangalam Worldwide | 22.57(Mangalam) | 10.59(Mangalam) | 10.29(Mangalam) | 91.37(Mangalam) | 11.28(Mangalam) | (Mangalam) |
| Rajputana Stainless | (Rajputana) | 5.78(Rajputana) | 5.78(Rajputana) | 22.05(Rajputana) | 26.23(Rajputana) | (Rajputana) |
IPO Subscription Status
Loading Latest IPO Data...