Rajputana Stainless IPO

Rajputana Stainless is engaged in the manufacturing of long and flat stainless-steel products under the brand name "RSL." Its product portfolio includes billets, forging ingots, rolled black bars, rolled bright bars, flat & patti, and other ancillary stainless-steel products. The company offers products in more than 80 grades of stainless steel, catering to varied technical specifications and application-specific requirements. It operates exclusively on a business-to-business (B2B) model, supplying primarily to manufacturers and traders. The company's products are used across multiple industries, including bar processing, seamless pipes, forging, wire manufacturing, engineering, casting, fasteners, utensil manufacturing, pumps and shafts, and the automotive sector. Sales are predominantly domestic, executed through direct sales and trader networks. In addition to the Indian market, the company exports to nine countries, including Turkey, the UAE, Poland, Portugal, the USA, South Africa, South Korea, the Czech Republic, and Kuwait. Operations are carried out at its manufacturing facility at Kalol, Gujarat. The company also utilises third-party job work units for specific processing requirements to manage incremental demand. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:​ Funding capital expenditure requirements for expansion of the existing manufacturing facility in Gujarat — Rs 18.57 crore Full or part repayment and/or prepayment of certain outstanding borrowings availed by the company — Rs 98 crore General corporate purposes— undefined;