The basis of allotment for the ₹254.98 crore Rajputana Stainless IPO will be announced today, 12 March 2026. The bidding window was open from March 9, 2026, to March 11, 2026, during which the IPO received a subscription of 1.12x

Procedure to Check Rajputana Stainless IPO Allotment Status Online On NSE

Visit the NSE’s IPO allotment verification status page here.
Select “Equity & SME IPO bid details”.
In Select Symbol, select “RSL”.
Enter your PAN No. and application No.
Click “Submit”.

Procedure to Check Rajputana Stainless IPO Allotment Status Online On BSE

Click here to visit the application status page.
In Issue Type, “Equity”.
In Issue Name, select “Rajputana Stainless Limited”.
Enter your “Application No" or “PAN No".
Click on “I am not a robot”.
Click “Submit”.

Procedure to Check Rajputana Stainless IPO Allotment Status on Kfin Technologies Limited (Registrar to the Issue):

Visit the Kfin Technologies’ IPO allotment status page here.
Click on any of the links.
In Select IPO, select “Rajputana Stainless LIMITED”.
Enter any of the following details.

- PAN
- App. No.
- Demat Account
Enter the captcha and click “Submit”.

Rajputana Stainless IPO Details

The Rajputana Stainless IPO is a book-build issue of ₹254.98 crore comprising a fresh issue of ₹178.73 crore and an offer for sale (OFS) of ₹76.25 crore. The price band is set between ₹116 and ₹122 per share.

The book-running lead manager for the IPO is Nirbhay Capital Services Private Limited, while KFin Technologies Limited is the registrar for the issue.

Use of Proceeds

The net proceeds from the fresh issue will be used to fund

Capital expenditure towards the expansion of the existing manufacturing facility in the Panchmahal district, Gujarat, through forward integration and diversification of the product portfolio, i.e., stainless steel seamless pipes.
Repay/prepay outstanding borrowings
General corporate purposes

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Rajputana Stainless IPO Overall Subscription Status

[11-March-2026 18:24:00 hrs]

Investor Category	Subscription (Times)
Qualified Institutional Buyers (QIBs)	2.51
Non-Institutional Investors	2.59
Retail Individual Investors (RIIs)	0.27
Total	1.12

Rajputana Stainless IPO GMP

According to media reports, the Grey Market Premium (GMP) of the Rajputana Stainless IPO is reported at ₹1 over the IPO price.

Rajputana Stainless Business Overview

Rajputana Stainless manufactures and supplies over 80 grades of stainless steel under the brand name “RSL”. Their product portfolio includes billets, forging ingots, rolled black bars, rolled bright bars, flats, pattis, and other value-added stainless-steel products.

The company operates primarily under a business-to-business (B2B) model, supplying products to manufacturers, processors, and traders.

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Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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