Rajputana stainless ipo gmp
Rajputana Stainless IPO Overview
“Rajputana Stainless Steel, valued at ~21x P/E (post issue) on FY25 earnings (at the upper band) is valued fairly in relation to its competitors,” stated Anand Rathi, highlighting the company’s competitive positioning in the market.
The Rajputana Stainless IPO, which opened for subscription on March 9, 2026, is set to close on March 11, 2026. The price band for the IPO is ₹116 to ₹122 per share, aiming to raise a total of ₹255 crore. This amount includes ₹76 crore reserved for Offer for Sale (OFS) and ₹179 crore to be raised through fresh shares.
As of today, the Grey Market Premium (GMP) stands at ₹2, indicating a modest interest among investors. By 12:42 PM on the first day of bidding, the IPO was subscribed 0.07 times overall, with a retail portion subscription rate of 0.03 times and a Non-Institutional Investor (NII) segment subscription rate of 0.20 times.
The lot size for the IPO is set at 110 shares, making it accessible for retail investors. The likely allotment date for shares is March 12, 2026, with a proposed listing on the BSE and NSE scheduled for March 16, 2026.
BP Wealth has recommended a ‘SUBSCRIBE’ rating for this issue, citing the company’s improving margins, diversified product portfolio, and potential growth from forward integration initiatives. This recommendation suggests a favorable outlook for investors considering a medium to long-term investment horizon.
Rajputana Stainless, incorporated in 1991, specializes in manufacturing long and flat stainless steel products, positioning itself as a significant player in the industry.
As the IPO progresses, market participants will be closely monitoring subscription rates and overall investor sentiment. The current subscription figures reflect a cautious approach among retail investors, which may evolve as the closing date approaches.
Details remain unconfirmed regarding the final subscription numbers as the IPO draws to a close. Investors are advised to stay updated on the latest developments surrounding the Rajputana Stainless IPO.
