Rajputana Stainless IPO Day 2 Subscription Status: Issue Subscribed 0.42x
By HDFC SKY | Published at: Mar 10, 2026 06:15 PM IST
Rajputana Stainless IPO was subscribed 0.42 times by 4:49 PM on 10 March 2026 (Day 2), with QIB at 0.99x, NII at 0.94x, and retail investors at 0.11x.
Rajputana Stainless Limited launched its book-built public issue aggregating approximately ₹255 crore. The IPO consists of a fresh issue of shares along with an offer for sale component. The price band for the issue has been fixed at ₹116 to ₹122 per share, with the bidding window open from 9 March 2026 to 11 March 2026.
Rajputana Stainless IPO Day 2 Subscription Status
Rajputana Stainless IPO was subscribed 0.42 times as of 4:49 PM on 10 March 2026 (Day 2), according to the latest data available from the exchanges.
Category-wise IPO Subscription Status
| Category | Subscription (Times) |
| QIB (Ex Anchor) | 0.99x |
| NII / HNI | 0.94x |
| Retail Individual Investors | 0.11x |
| Total | 0.42x |
Previous Day’s Subscription Summary
On Day 1 (9 March 2026), the IPO was subscribed 0.30 times in total.
| Category | Day 1 Subscription (Times) |
| QIB (Ex Anchor) | 0.99x |
| NII / HNI | 0.65x |
| Retail Individual Investors | 0.04x |
| Total | 0.30x |
By the end of Day 2, the overall subscription increased from 0.30 times to 0.42 times, with participation rising in the NII and retail segments.
IPO Timeline
| Event | Date |
| Issue Open Date | 9 March 2026 |
| Issue Close Date | 11 March 2026 |
| Basis of Allotment | 12 March 2026 |
| Initiation of Refunds | 13 March 2026 |
| Credit of Shares | 13 March 2026 |
| Listing Date | 16 March 2026 |
Brief Overview Of The Rajputana Stainless IPO
Rajputana Stainless IPO is a book-building issue aggregating approximately ₹254.98 crore. The public issue comprises a fresh issue of around 1.47 crore shares worth about ₹178.73 crore and an offer for sale of around 0.63 crore shares worth approximately ₹76.25 crore.
The IPO price band has been set at ₹116 to ₹122 per share, with a lot size of 110 shares. The minimum investment required for retail investors at the upper price band is ₹13,420.
The issue opened for subscription on 9 March 2026 and will close on 11 March 2026. The company is scheduled to list on BSE and NSE on 16 March 2026.
Nirbhay Capital Services Pvt. Ltd. is the book-running lead manager to the issue, while Kfin Technologies Ltd. serves as the registrar.
Summary:
Rajputana Stainless IPO has been subscribed 0.42 times by the end of Day 2, according to data available at 4:49 PM on 10 March 2026. The ₹255 crore book-built issue is open for subscription from 9 March to 11 March 2026 and is scheduled to list on BSE and NSE.
Source: https://www.bseindia.com/markets/publicIssues/DisplayIPO.aspx?id=4488&type=IPO&idtype=1&status=L&IPONo=7631&startdt=09/Mar/2026
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