IPO Guru

IPO Listed — 19 Mar 2026

Listing Price: ₹122

vs Issue Price ₹122 +₹0 (+0%)

Rajputana Stainless IPO GMP History | Listing Price ₹122 & Kostak Rate

IPO
Final GMP
₹ 0
--
Final Kostak
Retail ₹ 0
SHNI ₹ 0
BHNI ₹ 0
Final Sub. to Sauda
Retail ₹ 0
SHNI ₹ 0
BHNI ₹ 0

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.

GMP Trend Chart

Day-wise GMP Trend

Date GMP ↑↓ % Kostak Sub. Sauda
18 Mar 2026 ₹ 0 -- ₹ 0 ₹ 0
17 Mar 2026 ₹ 1 1% ₹ 0 ₹ 0
16 Mar 2026 ₹ 1 1% ₹ 0 ₹ 0
13 Mar 2026 ₹ 2.25 2% ₹ 0 ₹ 0
12 Mar 2026 ₹ 1 1% ₹ 0 ₹ 0
11 Mar 2026 ₹ 1 1% ₹ 0 ₹ 0
10 Mar 2026 ₹ 1 1% ₹ 0 ₹ 0
09 Mar 2026 ₹ 2 2% ₹ 0 ₹ 0
07 Mar 2026 ₹ 0 -- ₹ 0 ₹ 0
06 Mar 2026 ₹ 0 -- ₹ 0 ₹ 0
05 Mar 2026 ₹ 0 -- ₹ 0 ₹ 0
04 Mar 2026 ₹ 0 -- ₹ 0 ₹ 0
02 Mar 2026 ₹ 0 -- ₹ 0 ₹ 0

Rajputana Stainless IPO Dates

Event Date
Open Date 09 Mar, 2026
Close Date 11 Mar, 2026
Allotment Date 12 Mar, 2026
Refund Date 13 Mar, 2026
Credit to Demat 13 Mar, 2026
Listing Date 19 Mar, 2026

Rajputana Stainless IPO Actual Listing Price

Basis Value
Issue Price ₹122
Actual Listing Price ₹122 (+0%)
Listing Gain / Loss +₹0 per share
Listing Date 19 Mar, 2026

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:

  • Subscription 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?
  • Timing 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.
  • Grey 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.
  • Cross-check before acting: Review the Rajputana Stainless IPO full review for a fundamentals-based assessment before making any grey market trades.

Rajputana Stainless IPO IPO Kostak Rate Explained

The Kostak rate for Rajputana Stainless IPO was not active during the subscription period, as no grey market premium was established. 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 active 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 Questions about Rajputana Stainless IPO

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 : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.

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 : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.

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

For a complete picture before making your investment decision, explore these resources:

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