The IPO of Rajputana Stainless Limited will open for public subscription on Monday, March 9, 2026.
FinTech BizNews Service
Mumbai, March 7, 2026: Rajputana Stainless Limited, a manufacturer of long and flat stainless-steel products under the brand name RSL, has raised Rs10 crore from anchor investor Shine Star Build Cap Private Limited ahead of its upcoming Initial Public Offering (IPO).
The company informed the exchanges that it has allocated 8,19,720 equity shares at Rs122 per share to the anchor investor. The IPO of Rajputana Stainless Limited will open for public subscription on Monday, March 9, 2026.
Rajputana Stainless Limited manufactures a range of stainless-steel products including billets, forging ingots, rolled black bars, rolled bright bars, flats, patti, and other ancillary products.
Nirbhay Capital Services Private Limited is the book-running lead manager, and Kfin Technologies Limited is the registrar of the offer.
IPO Details
The IPO is a fresh issue of 1,46,50,000 equity shares and an offer for sale of 62,50,000 shares by promoter – Shankarlal Deepchand Mehta. The issue size is up to Rs 255 crore.
The Initial Public Offering (“IPO” or “Issue”) of the Company will open on Monday, 9 March, 2026, for subscription and close on Wednesday, 11 March, 2026.
Investors can bid for a minimum of 110 Equity Shares and in multiples of 110 Equity Shares thereafter.
The issue is being made through the book-building process, in line with SEBI ICDR Regulations, with up to 50% reserved for Qualified Institutional Buyers (QIBs), not less than 15% for Non-Institutional Investors (NIIs), and at least 35% for Retail Individual Investors (RIIs).
