Rajputana Stainless IPO: Shares of Rajputana Stainless made a flat debut in the D-Street on Thursday, March 19, amid a weak trend in the stock market.
Rajputana Stainless share price listed at Rs 122 against the initial public offering (IPO) price of Rs 122 on NSE. Following the listing, the shares dropped 6.27% to 114.35 at around 10:20 am.
Rajputana Stainless IPO opened from March 9 to 11, while the investors were permitted to withdraw their bids until March 16. The public issue allotment date was postponed to March 17, and the listing date to March 19. The shares are listed on both the NSE and the BSE.
“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 earlier said.
Rajputana Stainless IPO Details
Rajputana Stainless 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, including a fresh issue of 1.47 crore shares amounting to Rs 178.73 crore and an offer-for-sale (OFS) of 63 lakh shares worth Rs 76.25 crore.
Rajputana Stainless IPO was subscribed 1.12 times on March 11, the third and final day of bidding. Out of the 2,09,00,000 shares offered, the IPO received bids for 2,34,19,550 shares. The Qualified Institutional Buyers (QIBs) booked the issue 2.51 times, while the Non-Institutional Investors' (NIIs) category was subscribed 2.59 times. The retail investors booked their quota 0.27 times.
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