Rajputana Stainless Limited: It is a manufactures stainless steel products and is an Indian company. like bars, billets, and wire rods. They products are widely used in industries such as automotive, construction, engineering, and oil & gas. The company has more than 30 years of experience in this field steel industry. sells it as a product in India as well as in several international markets.
Rajputana Stainless Limited is a long-established steel manufacturer in India known for producing a wide variety of stainless-steel bars and industrial products for domestic and international markets.
Investors who wish to apply for the Rajputana Stainless IPOs can submit their application through the ASBA facility available via online banking or trading platforms. After logging in, applicants can select the IPO in the issue section, enter the required bid details including lot size and price, and confirm the application. The application amount remains blocked in the investor’s bank account until the allotment process is completed.
Rajputana Stainless Limited IPO Details and Objectives
| Details | Information |
| IPO Date | Mar 9, 2026 to Mar 11, 2026 |
| Issue Size | 2,09,00,000 shares (agg. up to ₹255 Cr) |
| Price Band | ₹116 to ₹122 per share |
| Lot Size | 110 shares |
| Listing At | BSE, NSE |
Timeline Zone of Rajputana Stainless Limited IPO
| Event | Date |
| IPO Open Date | Mon, Mar 9, 2026 |
| IPO Close Date | Wed, Mar 11, 2026 |
| Tentative Allotment | Thu, Mar 12, 2026 |
| Initiation of Refunds | Fri, Mar 13, 2026 |
| Credit of Shares to Demat | Fri, Mar 13, 2026 |
| Tentative Listing Date | Mon, Mar 16, 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Mar 11, 2026 |
Minimum Lot Size and Application Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 110 | ₹13,420 |
| Retail (Max) | 14 | 1,540 | ₹1,87,880 |
| S-HNI (Min) | 15 | 1,650 | ₹2,01,300 |
| S-HNI (Max) | 74 | 8,140 | ₹9,93,080 |
| B-HNI (Min) | 75 | 8,250 | ₹10,06,500 |
Shares Offered in Rajputana Stainless IPO
| Investor Category | Shares Offered |
| Anchor Investors | 62,70,000 (30.00%) |
| Non-Institutional Investor | 31,35,000 (15.00%) |
| Qualified Institutional Buyers | 41,80,000 (20.00%) |
| Retail Individual Investor | 73,15,000 (35.00%) |
| Total Shares Offered | 2,09,00,000 (100.00%) |
About Rajputana Stainless IPO :
Rajputana Stainless Limited Its stainless-steel manufacturing company established in 1991 in India or headquartered in Kalol, Gujarat in India. The company specializes in producing a wide range of long and flat stainless-steel products used in various industrial sectors.
Company Overview :
- Founded: 1991 in Kalol, Gujarat in India.
- Industry: The Stainless Steel Manufacturing Limited.
- Headquarters: Kalol, Panchmahal, Gujarat, India
- Manufacturing Facility: ~35,000 sq. meters integrated steel plant
- Experience: approximately 30 years in the steel industry
Products
The company manufactures steels more than 80 grades of stainless steel products, including:
Billets ,Forging ingots ,Round bars (black & bright) ,Flat bars ,Square and hex bars
Market & Customers :
- Serves industrial, engineering, and manufacturing sector
- Products sold across multiple Indian states
- Export presence in countries like UAE, Turkey, Kuwait, and Poland
Growth
The company has shown steady growth, with revenue increasing from about ₹36 crore in 2006 to approximately ₹900 crore in FY2024, reflecting its strong expansion in operations.
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Key Financial Metrics
- Total Assets: Grew from ₹297.34 crore in FY23 to ₹448.80 crore as of Sept 2025.
- Total income: Recorded at ₹502.77 crore in Sept 2025, as compared to ₹950.69 crore in FY23.
- Profit After Tax (PAT): Reported at ₹24.41 crore in Sept 2025, and ₹24.04 crore in FY23.
- Net Worth: Recorded at ₹176.65 crore in Sept 2025 in comparison to ₹81.17 crore in FY23.
- Reserves & Surplus: Stood at ₹108.16 crore in Sept 2025, as compared to ₹46.73 crore in FY23.
- Total Borrowing: Stood at ₹85.91 crore in Sept 2025, as compared to ₹79.83 crore in FY23.
- EBITDA: Stood at ₹45.92 crore in Sept 2025 in comparison to ₹43.85 crore in FY23.
Investment Risks and Opportunities
Potential Risks of Investing in the IPO
The company’s operations are linked to industrial demand across sectors such as engineering, forging, and automotive components. Changes in activity levels within these sectors may influence demand for stainless-steel products and could affect business operations.
The company has reported borrowings as part of its capital structure, and a portion of the IPO proceeds is intended for repayment or prepayment of certain outstanding borrowings. The level of debt and associated financial obligations may influence financial flexibility.
Opportunities and Growth Potential
The company plans to utilise a portion of the IPO proceeds for capital expenditure aimed at expanding its manufacturing facility in Gujarat and diversifying its product portfolio through forward integration into stainless-steel seamless pipes.
The company supplies stainless-steel products to a range of industrial sectors and also exports to selected international markets. This presence across multiple industries and geographies may support business operations and market reach.
Rajputana Stainless Limited
213, Madhwas, Halol Kalol Road, Kalol, Panchmahal Halol, Gujarat, 389330
Phone: +91 63 5816 4770
Email: compliance@rajputanastainless.com
Website: https://www.rajputanastainless.com/
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Conclusion :
The Rajputana Stainless Limited IPO offers investors a chance to invest in a growing stainless-steel manufacturer in india with improving revenue and profits. The company plans to use IPO funds for expansion and debt repayment, which may strengthen its financial position. However, risks include dependence on steel demand cycles and limited customers, so investors should evaluate carefully before investing.
F&Q
What is Rajputana Stainless Limited IPO?
Rajputana Stainless Limited IPO is a public issue where the company offers shares to investors to raise funds for business expansion and corporate purposes.
What are the IPO opening and closing dates?
The IPO is expected to open on 9 March 2026 and close on 11 March 2026.
What is the price band of the Rajputana Stainless IPO?
The price band for the IPO is ₹116 to ₹122 per share.
What is the minimum investment for the IPO?
Investors need to apply for one lot of 110 shares, which requires about ₹13,420 at the upper price band.
Where will the shares be listed?
The shares are proposed to be listed on the National Stock Exchange of India and Bombay Stock Exchange.
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