Rajputana Stainless IPO Opens March 9: Price, GMP, Key Details to Know

• Rajputana Stainless IPO opens for subscription on March 9 and closes on March 11, with a price band of ₹116 to ₹122 per equity share.
• The company raised ₹10 crore from anchor investor Shine Star Build Cap by allocating 8.19 lakh equity shares at ₹122 per share.
• The total issue size is ₹254.98 crore, comprising a fresh issue of ₹179 crore and an Offer for Sale (OFS) of ₹76 crore by promoter Shankarlal Deepchand Mehta.
• Shares are commanding a grey market premium (GMP) of ₹2, indicating a potential listing gain of nearly 2% over the issue price.
• Funds will be utilized for setting up a new manufacturing facility, repaying debt, and general corporate purposes.