Rajputana Stainless IPO Final Day Subscription Status: Subscribed 0.49x So Far

Mumbai, March 11: Rajputana Stainless IPO is a book-built public issue aggregating approximately ₹254.98 crore. The issue comprises a fresh issue of 1.47 crore shares and an offer for sale of 0.63 crore shares.

The IPO opened for subscription on March 9 and closed on March 11, 2026. The price band for the issue has been fixed at ₹116 to ₹122 per share with a minimum lot size of 110 shares.

Rajputana Stainless IPO Day 3 Subscription Status

Rajputana Stainless IPO was subscribed 0.49 times as of 11:59 AM March 11, 2026 on the final day of bidding.

Category-wise IPO Subscription Status

Previous Day’s Subscription Summary

On Day 2 (March 10 2026), the IPO had been subscribed 0.42 times in total.
By Day 3 (March 11 2026), the total subscription increased to 0.49 times.

Category movement between Day 2 and Day 3:

• QIB subscription remained stable at 0.99x.
• NII subscription increased from 0.94x to 1.05x.
• Retail participation rose from 0.11x to 0.17x.

IPO Timeline

Brief Overview Of The Rajputana Stainless IPO

Rajputana Stainless Limited operates in the stainless steel products segment and supplies various stainless steel long products used across multiple industrial applications. The company has proposed listing of its equity shares on both BSE and NSE.

The book-running lead manager for the issue is Nirbhay Capital Services Pvt. Ltd., while the registrar to the issue is Kfin Technologies Ltd.

Summary

Rajputana Stainless IPO witnessed a total subscription of 0.49 times on Day 3 of bidding as of 11:59 AM March 11, 2026. The NII category crossed full subscription while QIB demand remained close to the offered portion and retail participation stayed limited.

Source: https://www.nseindia.com/market-data/issue-information?symbol=RSL&series=EQ&type=Active