Rajputana stainless ipo gmp

Rajputana Stainless IPO Update

“Rajputana Stainless Steel, valued at ~21x P/E (post issue) on FY25 earnings (at the upper band) is valued fairly in relation to its competitors,” stated Anand Rathi, highlighting the company’s competitive positioning.

The Rajputana Stainless IPO opened on March 9, 2026, and is set to close on March 11, 2026. The price band for the IPO is set between ₹116 and ₹122 per share, with the company aiming to raise ₹255 crore through this offering.

Of the total amount, ₹76 crore is reserved for the Offer for Sale (OFS), while ₹179 crore will be raised through the issuance of fresh shares. The lot size for the IPO is 110 shares, making it accessible for retail investors.

As of 12:42 PM on the first day of the IPO, it was subscribed 0.07 times overall, with the retail portion subscribed 0.03 times and the Non-Institutional Investor (NII) segment subscribed 0.20 times. The IPO’s grey market premium currently stands at ₹2, suggesting that investors are approaching the issue cautiously.

BP Wealth commented, “Given the company’s improving margins, diversified product portfolio, and potential growth from forward integration initiatives, we recommend a ‘SUBSCRIBE’ rating for this issue with a medium to long-term investment horizon.” This recommendation reflects confidence in the company’s future performance.

Rajputana Stainless, incorporated in 1991, specializes in manufacturing long and flat stainless steel products. The company’s expansion into value-added products, such as stainless steel seamless pipes, could further enhance its margins and strengthen its market position, according to Adroit Financial Services.

The allotment date for the IPO is expected to be March 12, 2026, with the listing date proposed for March 16, 2026. Investors are keenly watching these developments as the IPO progresses.

Details remain unconfirmed regarding the overall market response and future investor interest as the IPO period continues.