RAJPUTANA STAINLESS IPO Overview
RAJPUTANA STAINLESS IPO is a Mainboard public issue offered through a Book Building issue with a total issue size of ₹255 Cr. The IPO price band is set at ₹116 to ₹122 per share, and retail investors can apply with a minimum investment of ₹13,420 as per IPO guidelines.
The RAJPUTANA STAINLESS IPO opens on 9 Mar 2026 and closes on 11 Mar 2026. The IPO allotment is expected to be finalized on 12 Mar 2026, and the equity shares are proposed to be listed on BSE,NSE on 16 Mar 2026.
Investors can refer to the RAJPUTANA STAINLESS IPO RHP-DRHP for detailed information. The issue is managed by Nirbhay Capital Services Pvt.Ltd. as the book running lead manager, while Kfin Technologies Limited is the registrar to the IPO. Before investing, market participants often review IPO details, valuation, PE ratio, financials, and risk factors.
About RAJPUTANA STAINLESS
The company offers a range of stainless steel products, including billets, forging ingots, rolled black and bright bars, flat & patti, and other ancillary products, in over 80 diverse grades.
The company primarily sells its products domestically through direct sales and traders, while also exporting to five countries: UAE, USA, Turkey, Kuwait, and Poland.
The company uses its expertise and infrastructure to supply raw materials for various industries, including seamless pipes, aerospace, forging, oil and gas, defense, automotive, aviation, and precision engineering.
The company operates a 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 for efficient production.
Product Portfolio:
Billet: The company produces stainless steel billets, semi-finished products made from liquid steel, used as optimal inputs for hot working processes such as forging, rolling, and ring rolling.
Cast ingots: The company produces cast ingots, metal masses poured into molds for easy storage, transportation, and further processing. These ingots are free from defects, marked for traceability, and used in open die forgings, re-rolling, and ring rolling.
Hexagon al Bars: The company produces hexagonal bars, stainless steel rolled into hexagonal shapes, used in manufacturing nuts, valves, hose ends, fasteners, and hex bolts.
As of September 30, 2025, the company had 408 permanent employees and workers comprising skilled and unskilled workers.
Competitive Strengths:
Established, integrated manufacturing setup at a strategic location.
Diverse Product Portfolio.
Established customer base and strong relationships.
Strong Promoters and Experienced Management Team.
Track Record of healthy growth.
Investment Objective
Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company; and
General corporate purposes
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