Rajputana Stainless IPO: GMP, Price, Important dates and more...
- Gabriela Galeena
- 2 days ago
- 2 min read
The company has set a price band of ₹116 to ₹122 per equity share, with a lot size of 110 shares, translating to a minimum investment of ₹13,420 for retail investors.
IPO Snapshots
Detail | Value |
Total Issue Size | ₹255 Cr |
Fresh Issue | ₹179 Cr |
Offer for Sale | ₹76 Cr |
Face Value | ₹10 |
Price Band | ₹116 to ₹122 |
Lot Size | 110 |
Minimum Investment | ₹13,420 |
Listing | BSE, NSE |
Opens | 9 March 2026 |
Closes | 11 March 2026 |
Rajputana Stainless Limited, incorporated in 1991 and based in Kalol, Gujarat, manufactures long and flat stainless-steel products across 80+ grades, including billets, ingots, bars, and flats, through its integrated facility. Catering to industries such as oil & gas, aerospace, defence, and automotive, the company primarily serves the domestic market while exporting to the UAE, USA, Turkey, Kuwait, and Poland, supported by an experienced management team and a strong customer base.
Financial Performance
Period Ended | Revenue from Operations (₹ Cr) | Profit After Tax (₹ Cr) |
FY 2025 | 9,321.56 | 39.85 |
FY 2024 | 9,098.08 | 31.63 |
FY 2023 | 9,476.74 | 24.04 |
GMP (Grey Market Premium)
Currently, the Grey Market Premium (GMP) of Rajputana Stainless IPO is ₹0, hinting at a potential listing price of ₹122 (cap price + latest GMP). This implies an expected gain/ loss of 0% per share at listing.
Peer Comparison
Company | CMP (₹) | Market Cap (₹Cr) | P/E | Sales (₹ Cr) | OPM % | NP(12 M) |
Mangalam Worldwide Ltd | 269 | 800 | 19.4 | 1,267 | 6.10 | 43.2 |
Electrotherm Ltd | 682 | 869 | 17.6 | 3,713 | 1.98 | 156 |
Panchmahal Steel Ltd | 324 | 618 | - | 369 | 2.02 | -2.17 |
Use of Proceeds
The company proposes to utilise ₹18.57 crore from the proceeds towards funding capital expenditure for setting up a new manufacturing facility for stainless steel seamless pipes to expand its product portfolio. Additionally, ₹98.00 crore will be used for full or partial repayment/prepayment of certain outstanding secured borrowings, with the balance allocated towards general corporate purposes.
Disclaimer: This content is for educational purposes only; please conduct personal research and consult a qualified investment advisor before making any investment decisions.
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