{"id":22702,"date":"2026-03-11T17:58:28","date_gmt":"2026-03-11T12:28:28","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=22702"},"modified":"2026-03-11T17:58:28","modified_gmt":"2026-03-11T12:28:28","slug":"rajputana-stainless-ipo-closes-with-moderate","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/ipo-news\/rajputana-stainless-ipo-closes-with-moderate\/","title":{"rendered":"Rajputana Stainless IPO Closes with Moderate Demand \u2014 Falling GMP Raises Questions on Listing Day Performance"},"content":{"rendered":"

Rajputana Stainless IPO<\/a>: Issue Size, Price Band, Subscription Status, GMP Trend and Key Details<\/p>\n

Rajputana Stainless Limited is entering the primary market with a \u20b9254.98 crore book-built public issue. The IPO is structured as a mix of fresh issue and offer for sale (OFS). While the fresh issue will help the company raise new capital to fund expansion and repay debt, the OFS allows existing shareholders to partially exit their holdings.<\/p>\n

The IPO opened for subscription on March 9, 2026, and closed on March 11, 2026. Following the completion of the bidding process, the basis of allotment is expected to be finalized on March 12, 2026, and the shares are likely to be credited to successful investors\u2019 demat accounts on March 13, 2026. The company is expected to make its stock market debut on March 16, 2026, with the shares proposed to be listed on both BSE and NSE.<\/p>\n

The IPO price band has been set at \u20b9116 to \u20b9122 per share, allowing investors to place bids within this range depending on demand during the book-building process.<\/p>\n

Rajputana Stainless IPO Details<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Particulars<\/th>\nDetails<\/th>\n<\/tr>\n<\/thead>\n
IPO Date<\/td>\nMarch 9 \u2013 March 11, 2026<\/td>\n<\/tr>\n
Listing Date<\/td>\nMarch 16, 2026<\/td>\n<\/tr>\n
Face Value<\/td>\n\u20b910 per share<\/td>\n<\/tr>\n
Price Band<\/td>\n\u20b9116 to \u20b9122<\/td>\n<\/tr>\n
Lot Size<\/td>\n110 Shares<\/td>\n<\/tr>\n
Issue Type<\/td>\nBookbuilding IPO<\/td>\n<\/tr>\n
Sale Type<\/td>\nFresh Issue + OFS<\/td>\n<\/tr>\n
Listing At<\/td>\nBSE, NSE<\/td>\n<\/tr>\n
Total Issue Size<\/td>\n2,09,00,000 Shares (\u20b9254.98 Cr)<\/td>\n<\/tr>\n
Fresh Issue<\/td>\n1,46,50,000 Shares (\u20b9178.73 Cr)<\/td>\n<\/tr>\n
Offer for Sale<\/td>\n62,50,000 Shares (\u20b976.25 Cr)<\/td>\n<\/tr>\n
Pre-Issue Shareholding<\/td>\n6,89,17,658 Shares<\/td>\n<\/tr>\n
Post-Issue Shareholding<\/td>\n8,35,67,658 Shares<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

The IPO is being managed by Nirbhay Capital Services Pvt. Ltd., which is acting as the book running lead manager, while Kfin Technologies Ltd. has been appointed as the registrar to the issue.<\/p>\n

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