Rajputana Stainless IPO Day 1 Subscription Status: QIB, NII Take Lead

Mumbai, March 10: Rajputana Stainless IPO opened for subscription on March 9, 2026. The book-built public issue aims to raise approximately ₹255 crore with a price band of ₹116 to ₹122 per share. The issue will remain open for bidding until March 11, 2026 and is proposed to be listed on BSE and NSE.

Rajputana Stainless IPO Day 1 Subscription Status

Rajputana Stainless IPO was subscribed 0.30 times as of 5:08 PM, March 9, 2026 (Day 1).

Category-wise IPO Subscription Status

IPO Timeline

Brief Overview Of The Rajputana Stainless IPO

Rajputana Stainless IPO is a book-built issue aggregating approximately ₹254.98 crore. The issue consists of a fresh issue of 1.47 crore shares aggregating around ₹178.73 crore and an offer for sale of 0.63 crore shares aggregating approximately ₹76.25 crore.

The IPO price band is set at ₹116 to ₹122 per share, with a lot size of 110 shares. The minimum investment for retail investors at the upper price band is ₹13,420.

Rajputana Stainless Limited, incorporated in 1991, manufactures long and flat stainless-steel products including billets, forging ingots, rolled black and bright bars, and flat products. The company supplies products to multiple industries and exports to several international markets.

Nirbhay Capital Services Pvt. Ltd. is the book running lead manager to the issue, while KFin Technologies Limited is the registrar. The equity shares are proposed to be listed on BSE and NSE.

Summary

Rajputana Stainless IPO opened for subscription on March 9, 2026 and was subscribed 0.30 times by 5:08 PM on Day 1. The QIB segment recorded 0.99 times subscription, while NII stood at 0.65 times and retail at 0.04 times.

Source: https://www.bseindia.com/markets/publicIssues/DisplayIPO.aspx?id=4488&type=IPO&idtype=1&status=L&IPONo=7631&startdt=09/Mar/2026