Rajputana Stainless Ltd. has announced public offering of 20900000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 112.00 per share. The gross proceeds of the issue are expected to be Rs 25,498.00 lakhs.
The company's initial public offer (IPO) will open on 09 March 2026 and is expected to close on 11 March 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 116.00-122.00 per share.
The IPO includes a fresh Issue of 20900000 Equity Shares of the Company at an price of Rs 122.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 110 shares with bids in multiples of 110.
Rajputana Stainless Ltd. anticipates using the proceeds of the issue for .
Nirbhay Capital Services Pvt. Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.