Rajputana Stainless Steel to List on BSE, IPO Set to Open on March 9 with Price Band of Rs 116-122 Per Share

Rajputana Stainless IPO Details

IPO Launch Date: March 9 Anchor Book Opening Date: March 6 IPO Closing Date: March 11 Listing Date: March 16

IPO Details

• Price Band: Rs 116–122 per share
• Total Issue Size: Rs 254.98 crore
• Number of Shares: 2.09 crore equity shares
• Comprising: Fresh issue of 1.46 crore shares and offer-for-sale of 62.5 lakh shares by promoter Shankarlal Deepchand Mehta

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Valuation

• Upper End of Price Band: Rs 1,019.5 crore

Share Allotment and Listing

• Share Allotment: Expected to be finalized by March 12
• Listing on Stock Exchanges: March 16

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Investor Details

• Minimum Investment: 110 equity shares
• Maximum Investment: In multiples of 110 shares thereafter
• Retail Investors: Minimum investment of Rs 13,420, maximum investment of Rs 1,87,880

Company Overview

• Company Name: Rajputana Stainless
• Incorporated: 1991
• Product Range: Long and flat stainless steel products, including billets, forging ingots, and rolled black bars
• Geographic Presence: Primarily domestic sales through direct sales and a network of traders, with exports to nine countries

Use of Proceeds

• Expansion of Manufacturing Facility: Rs 18.57 crore
• Debt Repayment: Rs 98 crore
• General Corporate Purposes: Remaining funds

Financial Performance

• Year Ended March 2025: Profit of Rs 39.85 crore (26% increase from previous year), revenue of Rs 932.2 crore (2.5% increase from previous year)
• Six-Month Period Ended September 2025: Profit of Rs 24.4 crore, revenue of Rs 501.5 crore