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Open
9 Mar 2026
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Close
11 Mar 2026
3
Allotment
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Listing
Thu, Mar 19, 2026
Price Band
₹116 to ₹122
Issue Size
2,09,00,000 shares (agg. up to ₹255 Cr)
Lot Size
110 Shares
Listing Date
Thu, Mar 19, 2026
Latest GMP
₹3
Est. Gain
2.46%
✦ AI Insight
GMP Trend
19-03-2026₹3Est. ₹125+2.46%
18-03-2026₹3Est. ₹125+2.46%
17-03-2026₹3Est. ₹125+2.46%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.06x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 448.80 | 420.36 | 324.01 | 297.34 |
| Total Income | 502.77 | 937.49 | 915.50 | 950.69 |
| Profit After Tax | 24.41 | 39.85 | 31.63 | 24.04 |
| EBITDA | 45.92 | 73.79 | 59.41 | 43.85 |
| NET Worth | 176.65 | 151.95 | 112.27 | 81.17 |
| Reserves and Surplus | 108.16 | 83.75 | 78.36 | 46.73 |
| Total Borrowing | 85.91 | 99.75 | 79.76 | 79.83 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| VMS TMT Ltd. | Mainboard | ₹148.50 Cr | ₹99 | 22.24 | ₹99.65 | +0.66% | ₹45.23 (+0.00%) |
| Sambhv Steel Tubes Ltd. | Mainboard | ₹540.00 Cr | ₹82 | 23.97 | ₹97.59 | +19.01% | ₹120.61 (-0.78%) |
| Scoda Tubes Ltd. | Mainboard | ₹220.00 Cr | ₹140 | 33.81 | ₹147.00 | +5.00% | ₹144.37 (-3.01%) |
| Kasturi Metal Composite Ltd. | SME | ₹17.61 Cr | ₹64 | 23.59 | ₹63.16 | -1.31% | ₹48.17 (+0.35%) |
| Shri Kanha Stainless Ltd. | SME | ₹46.28 Cr | ₹90 | 16.23 | ₹83.60 | -7.11% | ₹24.25 (-1.02%) |
| Mittal Sections Ltd. | SME | ₹52.91 Cr | ₹143 | 31.15 | ₹108.70 | -23.99% | ₹28.00 (-3.05%) |
| M P K Steels (I) Ltd. | SME | ₹25.74 Cr | ₹79 | 9.04 | ₹83.50 | +5.70% | ₹118.90 (+0.76%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements for expansion of the existing manufacturing facility at Panchmahal district, Gujarat through forward integration and diversification of product portfolio i.e., Stainless Steel Seamless Pipes | 18.57 |
| 2 | Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company | 98.00 |
| 3 | General corporate purposes | 44.64 |
| 4 | Issue Expenses | 24.99 |
| Total | 186.20 |
About Rajputana Stainless IPO
Incorporated in 1991, Rajputana Stainless Limited is engaged in manufacturing long and flat stainless-steel products. 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 fo
Contact Details
Rajputana Stainless Ltd. Address213, MadhwasHalol Kalol Road, KalolPanchmahalHalol, Gujarat, 389330+91 63 5816 4770compliance@rajputanastainless.comVisit Website