Rajputana Stainless Limited IPO

Established in 1991, Rajputana Stainless Limited is a veteran manufacturer of high-quality long and flat stainless steel products, headquartered in Gujarat. Operating from an integrated 35,000-square-meter facility in Kalol, the company processes liquid steel through induction furnaces, AOD refining, and continuous casting to produce an extensive range of billets, forging ingots, and rolled bars. With a portfolio spanning over 80 diverse grades, the firm provides critical raw materials for high-performance sectors, including aerospace, defense, oil and gas, and precision engineering, serving both a robust domestic market and international clients across the UAE, USA, Turkey, Kuwait, and Poland.

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The company has demonstrated consistent financial growth, reporting a revenue of Rs.932.15 crore and a profit of Rs.39.85 crore for FY25. To fuel its next phase of expansion, Rajputana Stainless launched a Rs.255 crore Mainboard IPO on March 9, 2026, with a price band of Rs.116 to Rs.122. A significant portion of the fresh capital is earmarked for establishing a new stainless steel seamless pipe manufacturing unit, marking a strategic move into forward integration. Additionally, the company plans to utilize approximately Rs.98 crore of the proceeds to repay existing debt, significantly strengthening its balance sheet for future industrial scaling.

How do I apply for the Rajputana Stainless IPO?

You can apply for the Rajputana Stainless IPO using any supported UPI app by following two steps:

• Enter your bid on Navia App
• Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account.