Rajputana Steel IPO Allotment and Listing Dates Postponed Following SEBI Action

Rajputana Steel IPO Update

The allotment and listing of Rajputana Steel's initial public offering (IPO) have been postponed due to regulatory action by the Securities and Exchange Board of India (SEBI).

Postponed Dates:

• Allotment Date: Moved from March 12 to March 17
• Listing Date: Moved from March 18 to March 19

Read also: SMR Jewels IPO Successfully Lists with Institutional Support

Withdrawal of Bids:

Investors who placed bids during the subscription period can withdraw their bids between March 12 and March 16. Bids that are not withdrawn within the specified window will remain valid and will continue to be considered during the share allotment process.

Subscription Details:

• Qualified Institutional Buyers (QIBs) Quota: Subscribed 2.51 times
• Non-Institutional Investor (NII) Category: Subscribed 2.59 times
• Retail Segment: Subscribed 0.27 times
• Total Subscription: 1.12 times, with bids received for 2,34,19,550 shares against the 2,09,00,000 shares on offer.

Read also: Zepto Nears $1 Billion Quarterly Net Order Value Milestone Before IPO

Listing Price:

The shares of Rajputana Steel are trading at a premium of ₹1.5 in the grey market ahead of allotment and listing. Estimated listing price is likely to be ₹123.5, which is 1.23% higher than the IPO price of ₹122.

IPO Details:

• Issue Size: ₹255 crore
• Price Band: ₹116-₹122 per share
• Funds Raised: ₹178.73 crore from a fresh issue of 1.47 crore shares and ₹76.25 crore from an offer for sale (OFS) by promoter Shankarlal Deepchand Mehta.

How to Check Allotment Status:

Investors can check the allotment status on:

• BSE IPO Allotment Page: https://www.bseindia.com/investors/appli_check.aspx
• NSE IPO Allotment Page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• KFin Technologies IPO Allotment Page: https://ipostatus.kfintech.com/