Synopsis: The basis of allotment for the Rajputana Stainless Limited IPO is expected to be finalized today, Thursday, March 12, 2026. Despite a volatile market and a muted 1.12x subscription, investors are now awaiting the credit of shares. Successful bidders will see shares in their demat accounts by March 13, ahead of the tentative listing on March 16.

Rajputana Stainless IPO Allotment Status: Check Online Today

The ₹255 crore public issue of the Gujarat-based stainless steel manufacturer closed on March 11. While the IPO “sailed through” on the final day, the retail portion saw a lackluster response, being subscribed only 0.27 times.

This means most retail applicants are highly likely to receive a full allotment of the lots they bid for.

Where to Check Rajputana Stainless IPO Allotment

Investors can verify their allotment status through three primary official channels. You will need your PAN card number, Application Number, or DP Client ID.

1. Registrar Website (KFin Technologies)

KFin Technologies is the official registrar for this IPO. It is usually the fastest platform to reflect the “Basis of Allotment.”

• Step 1: Visit the KFintech IPO Status Portal.
• Step 2: Select “Rajputana Stainless Limited” from the “Select IPO” dropdown.
• Step 3: Enter your PAN or Application Number.
• Step 4: Submit the captcha and click “Submit” to view the number of shares allotted.

2. BSE (Bombay Stock Exchange)

• Step 1: Go to the BSE IPO Application Check page.
• Step 2: Select “Equity” as the Issue Type.
• Step 3: Choose “Rajputana Stainless Limited” from the dropdown menu.
• Step 4: Enter your Application Number or PAN and click “Search.”

Subscription Summary & GMP Update

The IPO’s modest subscription levels suggest that the “Grey Market” sentiment remains cautious.

• Final Subscription: 1.12 times (Overall).
• NII Portion: 2.59 times.
• QIB Portion: 2.51 times.
• Retail Portion: 0.27 times.
• Latest GMP: As of March 12, the Grey Market Premium (GMP) is hovering around ₹1 to ₹1.5, indicating a potential flat listing near the upper price band of ₹122. Check Latest GMP here.

What Happens Next? (Timeline)

If you are not allotted shares, the refund process or the unblocking of funds in your bank account will begin on the next working day.

Disclaimer: The views expressed are for informational purposes only and do not constitute financial advice. Investing in stocks and IPOs involves significant risk.

forgeup.in is not liable for any financial losses. Always consult a certified investment advisor before making any decisions.