Rajputana Stainless IPO Day 3 Subscription Status: Issue Subscribed 1.12x On Final Day
By HDFC SKY | Published at: Mar 11, 2026 06:19 PM IST
Mumbai, March 11: Rajputana Stainless IPO is a book-built public issue with a total issue size of ₹254.98 crore. The offering consists of a fresh issue of 1.47 crore shares aggregating to ₹178.73 crore and an offer for sale of 0.63 crore shares aggregating to ₹76.25 crore.
The IPO opened for subscription on March 9 and is scheduled to close today. As of now, the public issue remains open for bidding. The price band for the issue has been fixed at ₹116 to ₹122 per share.
Rajputana Stainless IPO Day 3 Subscription Status
Rajputana Stainless IPO has been subscribed 1.12 times so far as of 4:59 PM, March 11, 2026 (Day 3). The IPO is currently still open for subscription on the final day of bidding.
Category-wise IPO Subscription Status
| Category | Subscription (Times) |
| QIB (Ex Anchor) | 2.51x |
| NII | 2.59x |
| Retail | 0.27x |
| Total | 1.12x |
Previous Day’s Subscription Summary
On Day 2, March 10, 2026, the Rajputana Stainless IPO was subscribed 0.42 times. The QIB portion stood at 0.99 times, the NII category at 0.94 times, and the retail category at 0.11 times.
As of Day 3, March 11, 2026, the overall subscription has reached 1.12 times so far, with stronger participation visible in the QIB and NII categories while the retail segment continues to remain below full subscription. The IPO is still open for bidding today.
IPO Timeline
| Event | Date |
| Issue Open Date | March 09 2026 |
| Issue Close Date | March 11 2026 |
| Basis of Allotment | March 12 2026 |
| Initiation of Refunds | March 13 2026 |
| Credit of Shares | March 13 2026 |
| Listing Date | March 16 2026 |
Brief Overview Of The Rajputana Stainless IPO
Rajputana Stainless IPO has a total issue size of ₹254.98 crore. The public offering includes a fresh issue of 1,46,50,000 shares and an offer for sale of 62,50,000 shares.
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 is ₹13,420 at the upper end of the price band.
Rajputana Stainless Limited operates in the stainless steel products segment and manufactures stainless steel long products used across multiple industrial applications. The company plans to list its shares on the BSE and NSE following the completion of the IPO process.
Summary
Rajputana Stainless IPO has been subscribed 1.12 times so far on Day 3, the final day of bidding, as of 4:59 PM, March 11, 2026. The NII portion has been subscribed 2.59 times and the QIB segment 2.51 times, while the retail category stands at 0.27 times. The public issue remains open for subscription today.
Source; https://www.nseindia.com/market-data/issue-information?symbol=RSL&series=EQ&type=Active
Disclaimer
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
