Rajputana Stainless Limited's Initial Public Offering to open on Monday, March 9, 2026, price band set at Rs 116 – Rs 122 per Equity Share
Mumbai, March 2, 2026: Rajputana Stainless Limited has fixed the price band of Rs 116 - to Rs 122 - per Equity Share of face value Rs 10/- each for its maiden initial public offer. The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Monday, March 9, 2026, for subscription and close on Wednesday, March 11, 2026. Investors can bid for a minimum of 110 Equity Shares and in multiples of 110 Equity Shares thereafter. Equity shares outstanding as on date 6,89,17,658 Equity Shares of Rs 10 each. The IPO is a fresh issue for up to 1,46,50,000 equity shares and an offer-for-sale for up to 62,50,000 shares by the promoter Selling Shareholder- Shankarlal Deepchand Mehta. The proceeds from the fresh issue to the extent of Rs 18.57 crore will be for funding capital expenditure requirements for expansion of the existing manufacturing facility at Panchmahal district, Gujarat through forward integration and diversifica...