Incorporated in 1991, Rajputana Stainless is an established manufacturer of long and flat stainless-steel products. Operating a massive facility in Kalol, Gujarat, the company serves critical industries including Aerospace, Defense, Oil & Gas, and Automotive.
| Event | Date |
|---|---|
| IPO Opens | Monday, Mar 9, 2026 |
| IPO Closes | Wednesday, Mar 11, 2026 |
| Basis of Allotment | Thursday, Mar 12, 2026 |
| Refund / Share Credit | Friday, Mar 13, 2026 |
| Listing Date | Monday, Mar 16, 2026 |
| Application Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 Lot | 110 | ₹13,420 |
| Retail (Maximum) | 14 Lots | 1,540 | ₹1,87,880 |
| Small HNI (Min) | 15 Lots | 1,650 | ₹2,01,300 |
| Small HNI (Max) | 74 Lots | 8,140 | ₹9,93,080 |
| Big HNI (Min) | 75 Lots | 8,250 | ₹10,06,500 |
| Period Ended | Revenue | PAT (Profit) | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|
| 30-Sep-2025 (6M) | 502.77 | 24.41 | 45.92 | 176.65 | 85.91 |
| 31-Mar-2025 | 937.49 | 39.85 | 73.79 | 151.95 | 99.75 |
| 31-Mar-2024 | 915.50 | 31.63 | 59.41 | 112.27 | 79.76 |
| 31-Mar-2023 | 950.69 | 24.04 | 43.85 | 81.17 | 79.83 |
Key Performance Indicators
ROE: 30.17% (FY25)
ROCE: 31.72% (FY25)
PAT Margin: 4.87% (Sep-25)
Debt/Equity: 0.49 (Moderate Leverage)
P/E Ratio (Post): 20.88x
Issue Structure
Total Issue Size: ₹254.98 Cr
Fresh Issue: ₹178.73 Cr
Offer for Sale: ₹76.25 Cr
Promoter Holding (Post): 57.01%
Face Value: ₹10 per share
Incorporated in 1991, Rajputana Stainless is an established manufacturer of long and flat stainless-steel products. Operating a massive facility in Kalol, Gujarat, the company serves critical industries including Aerospace, Defense, Oil & Gas, and Automotive.
Product Portfolio: Billets, Cast Ingots, and Hexagonal Bars across 80+ diverse grades. They export to the USA, UAE, Poland, Turkey, and Kuwait.
- ₹18.57 Cr: Setting up a new facility for Stainless Steel Seamless Pipes.
- ₹98.00 Cr: Full or part repayment of outstanding secured borrowings.
- Balance: General corporate purposes to fuel organizational growth.
Website: rajputanastainless.com