Rajputana Stainless IPO Details, Financials, Valuation & Peers
Explore Rajputana Stainless IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Rajputana Stainless Limited, incorporated in 1991, is a manufacturer of long and flat stainless-steel products.
The company offers a diverse range of stainless steel products, including billets, forging ingots, rolled black and bright bars, and flat & patti, available in over 80 grades.
Rajputana Stainless supplies raw materials for industries such as seamless pipes, aerospace, forging, oil and gas, defense, automotive, aviation, and precision engineering.
Key highlights include:
- Manufacturing facility of 35,196.98 Sq.m in Kalol, Gujarat.
- Equipped with an induction furnace, AOD, CCM, heat treatment facilities, rolling mill, and bright bar shop.
- Domestic sales through direct channels and traders.
- Exports to five countries: UAE, USA, Turkey, Kuwait, and Poland.
- A workforce of 429 permanent employees and workers as of June 30, 2024.
Objects of the Issue
- Funding capital expenditure requirements for setting up of manufacturing facility for Stainless Steel Seamless Pipes to expand the product portfolio (“Proposed Facility”);
- Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company; and
- General corporate purposes
- Total
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 09 Mar - 11 Mar 2026 |
| IPO Price Band | ₹116 - ₹122 per share |
| Fresh Issue | 178.73 Cr |
| Offer For Sale | 76.25 Cr |
| Total IPO Size | 254.98 Cr |
| Face Value | 10 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 09 Mar 2026 |
| IPO Closing Date | 11 Mar 2026 |
| Basis Of Allotment | 12 Mar 2026 |
| Refunds | 13 Mar 2026 |
| Demat Transfer | 13 Mar 2026 |
| IPO Listing Date | 16 Mar 2026 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 | 30 Sep 2025 |
|---|---|---|---|---|
| Assets | 297.34 | 324.01 | 420.36 | 448.80 |
| Total Income | 950.69 | 915.50 | 937.49 | 502.77 |
| Profit After Tax | 24.04 | 31.63 | 39.85 | 24.41 |
| EBITDA | 43.85 | 59.41 | 73.79 | 45.92 |
| NET Worth | 81.17 | 112.27 | 151.95 | 176.65 |
| Reserves and Surplus | 46.73 | 78.36 | 83.75 | 108.16 |
| Total Borrowing | 79.83 | 79.76 | 99.75 | 85.91 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|
| Rajputana Stainless | 21.11 | 5.78 | 26.23% | 22.05 |
| Panchmahal Steel | 182.18 | 1.74 | 2.07% | 84.02 |
| Electrotherm | 3.16 | 347.06 | -278.47% | -124.6 |
| Mukand | 26.34 | 5.24 | 7.99% | 65.72 |
| Mangalam Worldwide | 22.57 | 10.29 | 11.28% | 91.37 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not more than 50% of the Net Offer |
| Non-Institutional Investor (NII/HNI) | Not more than 15% of the Net Offer |
| Retail Individual Investor (RII) | Not less than 35% of the Net Offer |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 2.51 |
| Non-Institutional Investor (NII/HNI) | 2.59 |
| Retail Individual Investor (RII) | 0.27 |
| Total | 1.12 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Lead Managers
- Nirbhay Capital Services Pvt.Ltd.
Company Address
Rajputana Stainless Ltd.
213, Madhwas,
Halol Kalol Road, Kalol,
Panchmahal
Halol, Gujarat –389330
Website:https://www.rajputanastainless.com/
Phone:+91 63 5816 4770
Email:compliance@rajputanastainless.com
FAQs
- What is the issue size of the Rajputana Stainless IPO?The Rajputana Stainless IPO has an issue size of 254.98 Cr. This includes a fresh issue of 178.73 Cr and an offer for sale (OFS) of 76.25 Cr.
- What is the price band of the Rajputana Stainless IPO?The price band for the Rajputana Stainless IPO is ₹116 - ₹122 per share.
- What are the bidding dates for the Rajputana Stainless IPO?The Rajputana Stainless IPO will open for bidding on 09 Mar 2026 and close on 11 Mar 2026.
- What is the allotment date for the Rajputana Stainless IPO?The allotment date for the Rajputana Stainless IPO is 12 Mar 2026.
- What is the minimum lot size and investment required for the Rajputana Stainless IPO?The minimum lot size for the Rajputana Stainless IPO is 110 shares and the minimum investment required is ₹13,420.
- What is the listing date for the Rajputana Stainless IPO?The listing date for the Rajputana Stainless IPO is 16 Mar 2026.
- What is the Rajputana Stainless IPO grey market premium?The grey market premium (GMP) for the Rajputana Stainless IPO is currently at ₹2, with an expected listing gain of approximately 1.64%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.