Rajputana Stainless Limited, with over 30 years in the stainless-steel manufacturing sector, announces its IPO to raise approximately Rs.254.98 crore. The funds will be used for a new plant, reducing debt, and expanding its product line. The IPO opens on March 9, 2026, and closes on March 11, 2026.

Rajputana Stainless Limited Launches IPO to Fuel Strategic Expansion

Rajputana Stainless Limited Launches Rs.254.98 Crore IPO

Rajputana Stainless Limited, a stalwart in the stainless steel manufacturing industry, has announced its Initial Public Offering (IPO) to raise capital from the market.

Key Details:
- IPO Opens: March 9, 2026
- IPO Closes: March 11, 2026
- Share Allotment: March 12, 2026
- Listed on: BSE and NSE on March 16, 2026
Price Range: Shares priced between Rs.116 and Rs.122

The company aims to utilize the raised funds for strategic expansion, including setting up a plant dedicated to stainless steel seamless pipes and repaying secured debt.

Strategic Objectives:
- Enhance financial health and profitability
- Bolster competitive edge in domestic and international markets

Rajputana Stainless operates primarily on a B2B model, catering to key industries such as automotive and defense. The company has recently experienced significant financial growth and is now a major player in both domestic and international markets.