Rajputana Stainless IPO Allotment Date Revised to March 17
Rajputana Stainless IPO Update
The initial public offering (IPO) of Rajputana Stainless Ltd, a manufacturer of stainless-steel products, has completed its public subscription period on March 11. The allotment process has been revised, with the new allotment date set for March 17.
Investors had the option to withdraw their bids between March 12 and March 16, with the last day for withdrawal being March 16. The company's shares will be listed on both the NSE and BSE stock exchanges on March 19.
Rajputana Stainless IPO Allotment Details
- Allotment date: March 17
- Credit of shares to Demat accounts: March 18
- Refunds to unsuccessful bidders: March 18
Investors can check their allotment status online through the websites of BSE, NSE, and Kfin Technologies, the IPO registrar.
IPO Subscription Status
The mainboard IPO was open for public subscription from March 9 to March 11. The subscription size has been impacted by the withdrawal of 2.22 lakh shares, with the subscription now below the minimum required.
Read also: SMR Jewels IPO Successfully Lists with Institutional Support
Grey Market Premium (GMP)
The grey market premium (GMP) for Rajputana Stainless shares is currently at ₹2 per share, indicating a muted trend in the unlisted market. This translates to an estimated listing price of ₹124 per share, at a premium of 1.64% to the issue price of ₹122 per share.
Investor Takeaway
Investors in Rajputana Stainless IPO should note the revised allotment date and potential listing date.
More in IPO
SpaceX Seeks Record $75 Billion IPO, Potentially Positioning Elon Musk as the World's First Trillionaire
SMR Jewels IPO Successfully Lists with Institutional Support
Zepto Nears $1 Billion Quarterly Net Order Value Milestone Before IPO
