Rajputana Stainless Limited plans a major IPO in 2026, targeting Rs.254.98 crore. Operating in the stainless-steel sector, they aim to boost production and cut debt. They will issue 1.47 crore new shares and offer 62.50 lakh shares for sale. Funds will enhance production and reduce debt.
Rajputana Stainless Limited Gears Up for March 2026 IPO, Aiming for Rs. 254.98 Crore
Rajputana Stainless Limited, a veteran in the stainless-steel manufacturing sector, is set to launch its much-anticipated Initial Public Offering (IPO) in March 2026. With plans to raise Rs.254.98 crore, the company aims for significant strategic expansion.
The IPO will open on March 9, 2026, and close on March 11, 2026, offering a price band of Rs.116 to Rs.122 per share. Managed by Nirbhay Capital Services and Kfin Technology Limited, the initiative includes the release of 1.47 crore fresh shares and an Offer for Sale comprising 62.50 lakh shares.
Proceeds from the IPO are earmarked for key expansions, including a new plant for stainless steel seamless pipes and substantial debt repayment. This move positions Rajputana Stainless to enhance its market influence and financial health, leveraging over three decades of industry expertise.
(With inputs from agencies.)
