Rajputana Stainless Sets Sights on Dalal Street with Highly Anticipated IPO Listing
Rajputana Stainless IPO Listing Report
IPO Listing Date: Thursday, 19 March 2026
The equity shares of Rajputana Stainless Ltd will make their debut in the Indian stock market today, following the conclusion of its initial public offering (IPO). The public issue was open from 9-11 March, and the investors were allowed to withdraw their bids till 16 March. The Rajputana Stainless IPO allotment date was revised to 17 March, while the Rajputana Stainless IPO listing date is 19 March.
Listing Details:
The company's shares will be listed on both the stock exchanges - NSE and BSE. The trading members may please note that the above-mentioned scrip will be a part of Special Pre-open Session (SPOS) on 19 March, and the stock will be available for trading from 10:00 AM.
Grey Market Premium (GMP) Update:
Ahead of the Rajputana Stainless IPO listing, investors are watching the trends in the grey market market (GMP) to gauge the estimated listing price. The Rajputana Stainless IPO GMP today signals a muted debut of shares, with a grey market premium (GMP) of ₹3 per share. This indicates that in the grey market, the stock is trading higher by ₹3 apiece than its IPO price.
Listing Price Estimate:
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The Rajputana Stainless IPO GMP today signals that the estimated listing price of the stock would be ₹125 apiece, which is at a premium of 2.46% to the issue price of ₹122 per share.
IPO Subscription Status:
The bidding for the mainboard IPO commenced on 9 March and concluded on 11 March. The company raised ₹254.98 crore from the book-building issue, which was a combination of a fresh issue of 1.47 crore equity shares worth ₹178.73 crore, and an offer for sale (OFS) component of 62.50 lakh shares aggregating to ₹76.25 crore. The IPO was subscribed 1.12 times in total, with the Retail Individual Investors (RIIs) segment booked 27%, the Non Institutional Investors (NII) category subscribed 2.59 times, and the Qualified Institutional Buyers (QIBs) category received 2.51 times subscription.
Key IPO Details:
- Rajputana Stainless IPO price band: ₹116 to ₹122 per share
- Book running lead manager: Nirbhay Capital Services Pvt. Ltd.
- Registrar: Kfin Technologies Ltd.
Investor Takeaway
Rajputana Stainless shares will be listed on the Indian stock market today.
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