Rajputana Stainless IPO Opens March 9 - Fresh Issue and OFS to Raise ₹255 Crore

Rajputana Stainless Ltd., a manufacturer of long and flat stainless steel products, is set to debut on Dalal Street with its ₹255-crore IPO opening on March 9, 2026. The offering will remain open until March 11, 2026, giving investors three days to participate.

Key Highlights

• IPO Size & Structure: The issue totals ₹255 crore, comprising a fresh issue of 1.46 crore shares and an offer-for-sale (OFS) of 62.5 lakh shares by promoter Shankarlal Deepchand Mehta.
• Price Band: Shares are priced between ₹116 and ₹122 per share, making the IPO accessible to retail investors.
• Use of Proceeds: Funds raised will be directed toward capacity expansion, debt repayment, and general corporate purposes, strengthening the balance sheet.
• Business Profile: Rajputana Stainless manufactures stainless steel products used across infrastructure, automotive, and industrial sectors, reporting steady revenue growth and improved profitability in FY25.
• Market Context: With stainless steel demand rising in India’s construction and industrial sectors, analysts expect strong investor interest. The IPO also comes amid a robust pipeline of mid-cap offerings in March.

Timeline:

• Opens: March 9, 2026
• Closes: March 11, 2026
• Listing: Expected on both BSE and NSE.

Why It Matters
This IPO represents an opportunity for investors to tap into India’s growing steel and infrastructure story. Rajputana Stainless’ focus on expansion and debt reduction signals a long-term growth strategy, while its competitive pricing band may attract retail and institutional participation alike.

Sources: The Economic Times, Moneycontrol, Business Standard, ET Now