When did the Rajputana Stainless IPO start and end?

The Rajputana Stainless IPO started on March 9, 2026, and is scheduled to end on March 11, 2026.

How much was the Rajputana Stainless IPO subscribed on March 9, 2026?

On March 9, 2026, the Rajputana Stainless IPO garnered bids for only 30% of the shares on offer.

What are the plans for the funds raised by the Rajputana Stainless IPO?

The funds raised will be used to set up a manufacturing facility in Gujarat, expand the product portfolio, repay debt, and cover general corporate purposes.

Home / Business and Economy / Rajputana IPO Slow Start: Only 30% Bid!

Rajputana IPO Slow Start: Only 30% Bid!

9 Mar

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Summary

IPO garnered only 30% bids by March 9, 2026.
QIB segment saw 99% booking, retail at only 4%.
Company plans expansion funded by IPO proceeds.

The initial public offering (IPO) for Rajputana Stainless commenced on Monday, March 9, 2026, with a subdued response, securing bids for only 30% of the shares available. The subscription period is set to conclude on Wednesday, March 11, 2026. Data from BSE indicated that out of 2,09,00,000 shares on offer, 63,04,540 bids were received.

The Qualified Institutional Buyer (QIB) segment demonstrated the strongest interest, reaching 99% subscription. This was followed by the Non-Institutional Investor (NII) quota at 65%, while the retail investor portion saw minimal engagement at 4%. Despite a preceding anchor book launch on March 6, 2026, the IPO failed to generate substantial demand, not meeting SEBI's requirements.

Rajputana Stainless has established a price band of ₹116-122 per share, with investment lots set at 110 shares. Proceeds are earmarked for establishing a manufacturing facility in Panchmahal district, Gujarat, broadening its product portfolio, servicing debt, and general corporate needs. The company specializes in long and flat stainless-steel products, exporting to nine countries.

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