Welcome to your complete guide for the Rajputana Stainless IPO on ipogreymarket.in. Whether you are looking for the latest Grey Market Premium (GMP), Kostak rates, or Subject to Sauda updates, we have you covered.
As of today, the Rajputana Stainless IPO GMP has not yet started, currently sitting at ₹0. The grey market usually heats up closer to the subscription dates, so let’s wait for the momentum to build. Bookmark this page and stay tuned—we will update the live IPO GMP numbers as soon as the unofficial market activity begins!
Rajputana Stainless IPO Details & Timetable
The Rajputana Stainless IPO is a Mainboard issue set to raise ₹254.98 crores, which includes a fresh issue of ₹178.73 crores and an Offer for Sale (OFS) of ₹76.25 crores. The IPO price band is set between ₹116 and ₹122 per share.
Here is a quick glance at the essential dates and details for investors:
| IPO Open Date | March 9, 2026 |
| IPO Close Date | March 11, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹116 to ₹122 Per Share |
| Issue Size | Approx ₹254.98 Crores |
| Fresh Issue | Approx ₹178.73 Crores |
| Offer for Sale: | Approx 62,50,000 Equity Shares |
| Issue Type | Book build Issue |
| IPO Listing | BSE, NSE |
Rajputana Stainless IPO GMP Live Rates day by day with Kostak rates.
| Date | IPO GMP | GMP Trend | Gain |
| 5 March | ₹- | – | -% |
| 4 March | ₹- | – | -% |
| 3 March | ₹- | – | -% |
| 2 March | ₹- | – | -% |
| 28 Feb | ₹- | – | -% |
Rajputana Stainless IPO Lot Size & Investment Limits
Retail investors and High Net-worth Individuals (HNIs) must apply for shares in specific lot sizes. The market lot for this IPO is fixed at 110 shares.
| Investor Category | Lots | Shares | Minimum Investment (at upper band) |
| Retail (Min) | 1 Lot | 110 | ₹13,420 |
| Retail (Max) | 14 Lots | 1,540 | ₹1,87,880 |
| sNII (Min) | 15 Lots | 1,650 | ₹2,01,300 |
| bNII (Min) | 75 Lots | 8,250 | ₹10,06,500 |
Rajputana Stainless: Business Overview
Established in 1991, Rajputana Stainless Limited has cemented its position as a leading manufacturer of long and flat stainless steel products. Over the past three decades, the company has built a robust reputation for quality and scale.
Key Highlights of the Business:
- Diverse Product Portfolio: The company manufactures an extensive array of stainless steel goods, including billets, forging ingots, rolled bright and black bars, flats, and pattis. These are available in over 80 different technical grades.
- State-of-the-Art Manufacturing: Their massive production facility spans 35,196.98 sq. meters in Kalol, Gujarat. It is fully equipped with modern machinery such as induction furnaces, continuous casting machines (CCM), an Argon Oxygen Decarburization (AOD) setup, rolling mills, heat treatment units, and a dedicated bright bar shop.
- Global Reach & Clientele: While they have a strong domestic presence through direct sales and trade networks, Rajputana Stainless is also a prominent exporter. Their products reach international markets like the USA, UAE, Kuwait, Turkey, and Poland.
- Industries Served: The raw materials and finished goods supplied by Rajputana are critical to several high-demand sectors, including aerospace, defence, automotive, aviation, oil & gas, precision engineering, and seamless pipe manufacturing.
Objectives of the Issue
The company plans to utilize the net proceeds from the fresh issue for the following core purposes:
- Capacity Expansion: ₹18.57 crores will be directed toward capital expenditure for setting up a brand-new manufacturing facility for Stainless Steel Seamless Pipes.
- Debt Repayment: ₹98.00 crores will be used to prepay or repay outstanding secured borrowings, improving the company’s balance sheet.
- General Corporate Purposes: The remaining funds will be deployed for operational growth and general corporate needs.