Rajputana Stainless made a muted debut, listing at Rs 123.95 on BSE, a 1.6% premium over its Rs 122 issue price, while NSE saw it at par. The Rs 255 crore IPO, combining a fresh issue and offer-for-sale, raised funds for expansion and debt repayment. Subscriptions were modest, with strong institutional interest but weak retail participation at 0.27 times.

Rajputana Stainless shares make a muted debut, list at 2% premium over IPO price

Synopsis

Rajputana Stainless made a muted debut, listing at Rs 123.95 on BSE, a 1.6% premium over its Rs 122 issue price, while NSE saw it at par. The Rs 255 crore IPO, combining a fresh issue and offer-for-sale, raised funds for expansion and debt repayment. Subscriptions were modest, with strong institutional interest but weak retail participation at 0.27 times.

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