Rajputana Stainless IPO GMP History
Rajputana Stainless IPO has been listed on March 19, 2026 at a listing price of ₹122, against the issue price of ₹122 — a gain of ₹0 (+0%). The GMP peaked at ₹2.25 on 13 March 2026 and reached a low of ₹0 on 18 March 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Rajputana Stainless IPO raised ₹255 Cr. through its IPO at a price band of ₹116 to ₹122 per share, with a lot size of 110 shares. The IPO was open for subscription from 09 Mar 2026 to 11 Mar 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 27 Aug, 12:00 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 18 Mar 2026 | ₹ 0 | ▼ | -- | — | — |
| 17 Mar 2026 | ₹ 1 | — | 1% | — | — |
| 16 Mar 2026 | ₹ 1 | ▼ | 1% | — | — |
| 13 Mar 2026 | ₹ 2.25 | ▲ | 2% | — | — |
| 12 Mar 2026 | ₹ 1 | — | 1% | — | — |
| 11 Mar 2026 | ₹ 1 | — | 1% | — | — |
| 10 Mar 2026 | ₹ 1 | ▼ | 1% | — | — |
| 09 Mar 2026 | ₹ 2 | ▲ | 2% | — | — |
| 07 Mar 2026 | ₹ 0 | — | -- | — | — |
| 06 Mar 2026 | ₹ 0 | — | -- | — | — |
| 05 Mar 2026 | ₹ 0 | — | -- | — | — |
| 04 Mar 2026 | ₹ 0 | — | -- | — | — |
| 02 Mar 2026 | ₹ 0 | — | -- | — | — |
Rajputana Stainless IPO dates
Key dates from opening to listing. Today is 28 October.
- Open 09 Mar 2026
- Close 11 Mar 2026
- Allotment 12 Mar 2026
- Refund/credit 13 Mar 2026
- Listing 19 Mar 2026
Rajputana Stainless IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹122 |
|---|---|
| Listing gain / loss | +₹0 per share |
| Listing date | 19 Mar, 2026 |
| Actual listing price | ₹122 (+0%) |
Is Rajputana Stainless IPO GMP reliable?
Grey market premium for Rajputana Stainless IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Rajputana Stainless IPO full review for a fundamentals-based assessment before making any grey market trades.
Rajputana Stainless IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Rajputana Stainless IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Rajputana Stainless IPO
Rajputana Stainless Limited is an Indian stainless steel manufacturer with roots going back to 1991, originally incorporated as Rajputana Steel Castings before becoming Rajputana Stainless in 2007 after restructuring, led by promoters including Shankarlal Deepchand Mehta and family. The company operates a modern facility in Panchmahal, Gujarat, producing a wide range of long and flat stainless steel products such as billets, forging ingots, rolled black and bright bars, flats and pattis across over 80 grades.
Rajputana Stainless follows a B2B business model, selling primarily to manufacturers, traders and industrial clients in sectors such as engineering, fasteners, pipes and automotive, with both domestic distribution and exports to markets like the UAE, USA, Turkey, Kuwait and Poland. The company emphasises quality, backed by industry certifications, and focuses on reliable supply, customer-centric service and operational scale to maintain long-term client relationships
Frequently asked
What is the GMP of Rajputana Stainless IPO?
The current Grey Market Premium (GMP) of Rajputana Stainless IPO is not yet started or active in the market.
What is the Kostak Price of Rajputana Stainless IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Rajputana Stainless IPO is not available.
What is the Subject to Sauda Price of Rajputana Stainless IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Rajputana Stainless IPO?
Rajputana Stainless IPO listed on March 19, 2026 at ₹122, against the issue price of ₹122 — a gain of +0%.
How did the GMP of Rajputana Stainless IPO trend before listing?
The GMP of Rajputana Stainless IPO was falling in its final days before listing. The GMP peaked at ₹2.25 on 13 March 2026. View the day-wise table above for the complete GMP history.
Explore Rajputana Stainless IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
