Rajputana Stainless IPO Sees 42% Subscription on Second Day

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Rajputana Stainless IPO Subscribed 42% on Day 2; QIBs Lead with 99%

Representational image (Image: News18)

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News18•10-03-2026, 19:15

Rajputana Stainless IPO Subscribed 42% on Day 2; QIBs Lead with 99%

•Rajputana Stainless Ltd IPO subscribed 42% on its second day of bidding, Tuesday.
•The IPO received bids for 8,817,270 shares against 20,900,000 shares on offer.
•Qualified Institutional Buyers (QIBs) category saw 99% subscription, non-institutional investors 94%, and Retail Individual Investors (RIIs) 11%.
•The price range for the offer is Rs 116-122 per share, with bidding concluding on Wednesday.
•The company, a stainless-steel products manufacturer, raised Rs 10 crore from anchor investor Shine Star Build Cap.

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