Rajputana Stainless IPO Opens For Subscription

India’s primary market has stayed active in early 2026, with several companies approaching the public markets to raise funds for expansion.

The latest of these is the Rajputana Stainless Limited initial public offering (IPO) that opened to subscriptions today, 9 March 2026, and is catching the eyes of investors who follow the metals and manufacturing sector.

The Rajputana Stainless IPO is a book-built issue valued at approximately ₹254.98 cr. The public issue includes a fresh issue of 1.47 crore equity shares as well as an offer for sale component.

For retail investors, the minimum lot size has been set at 110 shares. At the issue price, this works out to an investment of about ₹13,420 for one lot. After the issue, the company is expected to debut on the stock exchange.

Below are the main details of the Rajputana Stainless IPO.

Rajputana Stainless IPO Allocation Details

The company has divided the IPO allocation among investor categories as follows:

• Qualified Institutional Buyers (QIBs): 50%

• Non-Institutional Investors (NIIs): 35%

• Retail Investors: 15%

About Rajputana Stainless

Rajputana Stainless Limited is an Indian stainless steel manufacturer with over three decades of experience in the steel industry. The company was founded in the year 1991, and it has its manufacturing plant in Kalol, Panchmahals district, Gujarat.

The company produces a wide range of stainless steel products used across industrial and engineering applications. Its product lines comprise billets, forging ingots, round bars, square bars, hex bars, wire rods, flat bars, and other long and flat stainless steel products.

Rajputana Stainless serves both domestic and international markets. Besides delivery to the customers in various states in India, the company also exports its products to other countries like the UAE, the USA, Turkey, Kuwait, and Poland.

The firm has an integrated manufacturing plant fitted with a steel melting shop, hot rolling mills, heat treatment units, and cold finishing sections. This integrated setup helps maintain quality control and production efficiency across different stages of manufacturing.

Rajputana Stainless has, over the years, established a well-differentiated client base in various industries, which include engineering, manufacturing, and infrastructure. The company has over 20 years of experience in operating the business and a wide product portfolio consisting of various grades of stainless steel, which makes it an emerging force in the stainless steel manufacturing industry of India.

Also Read - Fractal Analytics Reports ₹100.1 Crore Q3 Profit

What Does This Mean For Investors?

The Rajputana Stainless IPO gives investors a way to participate in India’s stainless steel manufacturing space. Demand in this segment continues to come from infrastructure projects, engineering activity, and wider industrial use.

The company is also working on expanding its manufacturing capacity. At the same time, it plans to keep debt levels under control. If executed well, this could support the business as it grows in the coming years. Simultaneously, investors can also keep track of the price fluctuations of raw materials, steel demand cycles, and industry competition in the metals industry.

During the subscription window, the market participants must ensure that they monitor the level of subscriptions, the involvement of institutions, and closely gauge the interest of the investors in the issue.

Sources:

Chittorgarh

CNBC TV 18

SEBI