Rajputana Stainless IPO

The Rajputana Stainless IPO is a book-built issue of Rs 254.98 crore, comprising a fresh issue of 1.47 crore shares worth Rs 178.73 crore and an offer for sale of 0.63 crore shares worth Rs 76.25 crore, opening for subscription from Mar 9 to Mar 11, 2026, with allotment expected on Mar 12, 2026 and a tentative listing on BSE and NSE on Mar 16, 2026. The IPO’s price band is Rs 116 to Rs 122 per share, with a lot size of 110 shares, requiring a minimum retail investment of Rs 13,420, while sNII investors must apply for 15 lots (1,650 shares) amounting to Rs 2,01,300, and bNII investors for 75 lots (8,250 shares) amounting to Rs 10,06,500. Nirbhay Capital Services Pvt. Ltd. is the lead manager, and Kfin Technologies Ltd. is the registrar for the issue.

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Rajputana Stainless IPO Details

Check out the issue details for Rajputana Stainless IPO as disclosed in SEBI.

Price Band

₹ 116 - 122

Issue Size

255.00 Cr.

Issue Type

Book Built

Open

2026-03-09

Close

2026-03-11

Listing Date

2026-03-16

Company Financials

You can get the following financial statements of Rajputana Stainless as of now.

Rajputana Stainless IPO Details

The details about the Rajputana Stainless IPO are as follows:

  • The issue size of the IPO is Rs 254.98 Cr.
  • The price band for Rajputana Stainless IPO is Rs 116 to Rs 122.
  • The shares of Rajputana Stainless IPO will list on BSE and NSE.
  • The latest tentative GMP of Rajputana Stainless IPO is Rs 1.5.
  • The shares of Rajputana Stainless IPO are subscribed 1.12 Times.

 

Rajputana Stainless IPO Valuation

The approximate valuation of Rajputana Stainless IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 122
Existing Shares (Qty) 6.89 Cr
Fresh Issue Rs 178.73 Cr
Market Cap Rs 1019.31 Cr
EPS (FY25) Rs 5.78
PE Ratio 21.10x
Industry PE 58.56x

 

Rajputana Stainless IPO Issue Size

Rajputana Stainless IPO issue size is Rs 254.98 Cr.

Issue Amount
Fresh Issue Rs 178.73 Cr
Offer For Sale Rs 76.25 Cr

 

Rajputana Stainless IPO Market Lot

An individual can apply for a minimum of 1 lot of 110 shares and a maximum of 14 lots (1,540 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 110 Rs 13,420
Retail Maximum 14 1,540 Rs 1,87,880

 

Rajputana Stainless IPO Share Offer

The shares of Rajputana Stainless IPO are subscribed 1.12 Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not more than 50%
Non-Institutional Not less than 15%
Retail Individual Not less than 35%

 

Rajputana Stainless IPO GMP (Grey Market Premium)

As on GMP (Tentative)
12 March 2026 Rs 1.5

Rajputana Stainless IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

Rajputana Stainless IPO Dates

Find below the dates for Rajputana Stainless IPO

Schedule Date
Basis of Allotment 12 Mar 2026
Refunds 13 Mar 2026
Credit to Demat Account 13 Mar 2026
IPO Listing Date 16 Mar 2026

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 427.97 766.42 947.67 909.81 932.16
Total Expenditure 406.07 736.27 903.83 850.4 858.37
Operating Profit 21.9 30.15 43.85 59.41 73.79
Other Income 1.87 1.61 3.02 5.69 5.33
Interest 12.23 11.03 11.37 14.47 15.72
Depreciation 4.15 6.79 6.91 8.32 8.76
Exceptional Items 0 0 0 0 0
Profit Before Tax 7.39 13.94 28.58 42.32 54.64
Provision for Tax 5.16 5.24 4.53 10.69 14.79
Net Profit 2.23 8.7 24.04 31.63 39.85
Adjusted EPS (Rs.) 0.03 0.13 0.35 0.46 0.58

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 34.46 34.46 34.46 34.46 68.92
Total Reserves 27.93 23.3 46.71 77.81 83.03
Borrowings 16.13 33.89 24.81 19.38 17.64
Other N/C liabilities 8.92 12.48 20.17 9.63 12.14
Current liabilities 165.73 176.97 171.19 182.74 238.63
Total Liabilities 253.18 281.1 297.34 324.01 420.36
Assets
Net Block 57.49 55.19 52.72 70.46 69.55
Capital WIP 0.14 0.67 15.48 0.03 2.24
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 11.77 1.07 5.97 1.38 1.21
Other N/C Assets 0 0 0 0 0
Current Assets 183.77 224.18 223.16 252.15 347.36
Total Assets 253.18 281.1 297.34 324.01 420.36
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 7.39 13.94 28.58 42.32 54.64
Adjustment 16.94 16.53 14.82 19.55 23.56
Changes in Assets & Liabilities -5.24 -27.26 -11.63 -18.26 -63.13
Tax Paid -3.92 -5.15 -6.66 -12.13 -7.98
Operating Cash Flow 15.17 -1.94 25.1 31.49 7.08
Investing Cash Flow -2.57 -5.99 -13.1 -6.48 -11.99
Financing Cash Flow -19.57 7.88 -11.97 -25.03 4.89
Net Cash Flow -6.98 -0.04 0.03 -0.01 -0.01
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