Rajputana Stainless Limited Launches IPO to Fuel Strategic Expansion

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, a veteran in the stainless steel manufacturing industry, has officially announced its Initial Public Offering (IPO) as it aims to raise Rs.254.98 crore from the capital market. The IPO, opening on March 9, 2026, will offer shares priced between Rs.116 and Rs.122.

The company plans to utilize the raised funds for strategic expansion, including setting up a plant dedicated to stainless steel seamless pipes and repaying secured debt. This initiative is expected to bolster its financial health and enhance profitability. The issue will close on March 11, 2026, with share allotment slated for March 12, before listing on BSE and NSE on March 16, 2026.

Renowned for its diverse product range, Rajputana Stainless operates primarily on a B2B model, catering to key industries such as automotive and defense. With recent financial growth, the company stands as a significant player in both domestic and international markets, exporting to countries such as the USA and UAE, among others.

(With inputs from agencies.)