The price band of the IPO 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 Listing Date Delayed. Here's Why

The shares for the Rajputana Stainless IPO will now be listed in the stock exchanges on Thursday, March 19, while the allotment date was posptoned to Tuesday, March 17.

Why Rajputana Stainless IPO listing has been delayed?

The change in dates comes after the company allowed investors to withdraw their bids over a three-day window on March 12, March 13 and March 16.

The shares of Rajputana Stainless are scheduled to be listed on the BSE and NSE. The shares were originally scheduled to be alloted on March 12.

“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.

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The bids which are not withdrawn during the specified dates will remain valid and will be considered during the share allotment process.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 further noted.

On Wednesday, March 18, Rajputana Stainless will process refunds for non-allottees. These shares will be transferred to the demat accounts of the allottees on the same day.

ALSO READ: Rajputana Stainless IPO Final Day: Check Subscription Status, Price Band, Latest GMP

Rajputana Stainless IPO details

On March 11, Rajputana Stainless IPO was subscribed 1.12 times on the third and final day of bidding. 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. The Non-Institutional Investors' (NIIs) category was subscribed 2.59 times. Retail investors booked their quota 0.27 times.

The price band of the IPO 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 manufactures long, flat stainless-steel products and plans to use proceeds from the IPO to fund capital expenditure, pay off debt and for general corporate purposes.