The allotment of shares for the Rajputana Stainless IPO, originally slated for March 12, has been deferred until Tuesday, March 17. The delay comes after the company allowed investors to withdraw their bids over a three-day window on March 12, March 13 and March 16.
“As per SEBI directions, investors/bidders in the IPO of Rajputana Stainless Ltd. are provided an additional window to withdraw their bids on March 12, 2026 (Thursday), March 13, 2026 (Friday) and March 16, 2026 (Monday) between 10:00 AM to 5:00 PM due to circulation of emails and video material making invitation to participate in the IPO. Accordingly, investors/bidders who wish to withdraw their application may do so through their broker/SCSB/UPI mechanism,” the company said.
Bids that are not withdrawn during the specified window will remain valid and will continue to be considered during the share allotment process.
"Investors/bidders should further note that bidding in the offer is closed on March 11, 2026, and accordingly, no further bids will be accepted in the offer," the company added.
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The company will process refunds for non-allottees on March 18. Shares will be transferred to the Demat accounts of the allottees on the same day.
Shares of Rajputana Stainless are scheduled to be listed on the BSE and NSE on March 19.
The initial public offering (IPO) of Rajputana Stainless was subscribed 1.12 times on the third and final day of bidding on March 11.
The IPO received bids for 2,34,19,550 shares against 2,09,00,000 offered.
The Qualified Institutional Buyers (QIBs) booked the issue 2.51 times. The Non-Institutional Investors' (NIIs) category was subscribed 2.59 times. Retail investors booked their quota 0.27 times.
The IPO price band was set at Rs 116 to Rs 122 per share. Rajputana Stainless IPO was a book-build issue of Rs 254.98 crore. It comprised a fresh issue of 1.47 crore shares worth Rs 178.73 crore and an offer-for-sale (OFS) of 63 lakh shares amounting to Rs 76.25 crore.
The company manufactures long, flat stainless-steel products.
It will use proceeds from the IPO to fund capital expenditure, clear debt and for general corporate purposes.
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Investors who participated in the IPO can check the allotment status on the websites of BSE, NSE and the issue registrar, KFin Technologies.
Steps To Check Rajputana Stainless IPO Allotment Status On BSE
- Visit the BSE IPO allotment page here.
- Choose the issue type as “Equity”.
- Select “Rajputana Stainless Ltd.” from the dropdown menu.
- Enter your application number or PAN (Permanent Account Number).
- Complete the Captcha for verification.
- Click on the “Search” button to check your allotment status.
Steps To Check Rajputana Stainless IPO Allotment Status On NSE
- Visit the IPO allotment page on the NSE website here.
- Select “Equity & SME IPO bid details”.
- Pick the company symbol from the dropdown list.
- Enter your PAN and Application Number.
- Click “Submit” to check your share allotment status.
Steps to Check Rajputana Stainless IPO Allotment Status On KFin Technologies
- Visit the KFinTech IPO allotment page here.
- From the dropdown menu, choose “Rajputana Stainless Ltd.” as the IPO name.
- Select one of the available identification options – PAN number, Application number or DP ID/client ID.
- Enter the details based on the option you selected.
- Click on the “Submit” button.
- Your IPO allotment status will be displayed on the screen.
Rajputana Stainless IPO GMP Today
According to InvestorGain, the GMP for the Rajputana Stainless IPO stood at Rs 1.5 on March 12. It indicates a listing price of Rs 123.5 per share, a 1.23% premium to the upper limit of the price band.
Note: GMP does not represent official data and is based on speculation.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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