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Rajputana Stainless Sets IPO Price Band
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Rajputana Stainless IPO: Price Band Fixed, Opens March 9
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CNBC TV18
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02-03-2026, 07:12
Rajputana Stainless IPO: Price Band Fixed, Opens March 9
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Rajputana Stainless has set its IPO price band between ₹116 to ₹122 per equity share.
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The IPO opens for subscription on March 9 and closes on March 11, with anchor investor bidding on March 6.
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The company aims to raise ₹254.98 crore, including a ₹179 crore fresh issue and a ₹76 crore OFS by promoter Shankarlal Deepchand Mehta.
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Funds will be used for a new stainless steel seamless pipe manufacturing facility, debt repayment, and general corporate purposes.
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Rajputana Stainless manufactures various long and flat stainless-steel products and will list on BSE and NSE around March 16.
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