IPO Guru
Listed Mainboard

Rajputana Stainless IPO Review

Rajputana Stainless IPO has been reviewed by 13 analysts, and the overall consensus is Apply — carrying a score of 75. Out of the 13 analysts who have covered this IPO, 8 recommend subscribing while 5 advise caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹116-122 per share, with a minimum application size of 110 shares (minimum investment of approximately ₹13,420 at the upper band). Subscription ran from 09 Mar 2026 to 11 Mar 2026. The issue size is ₹255 crore. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
75/ 100
Apply 8 of 13 recommend subscribing
How analysts voted
Apply 8
Neutral 2
Avoid 3
Not rated 1

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Rajputana Stainless manufactures stainless steel products. Revenue was ₹937.49 crore in FY25 and ₹502.77 crore for the half year to September 2025, with EBITDA improving to ₹45.92 crore in that half. Coverage leaned positive: eight of the fourteen analysts said subscribe, three said avoid and two stayed neutral.

Listing gains

The notes cluster the valuation between about 21 and 25.6 times earnings, on a market cap near ₹1,020 crore, against peers cited at roughly 18.6 and 30.9 times. Most call it fairly valued, while the avoid ratings call it expensive. That points to a moderate listing rather than a strong one.

Short-term strategy

Revenue growth has been flat, at ₹915.50 crore in FY24 and ₹937.49 crore in FY25, which one note flags directly. Margins did improve, with EBITDA rising from ₹59.41 crore to ₹73.79 crore. Fresh money funds expansion at the Panchmahal facility and reduces debt.

Long-term strategy

The positive notes recommend a medium to long-term horizon, resting on capacity expansion, product diversification into new stainless steel lines and gradual debt reduction. The risk they flag is customer concentration, with a significant share of revenue from the top ten customers and no long-term contracts securing it.

How this is written: an AI-assisted summary of the 14 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Rajputana Stainless IPO?

The analyst consensus for Rajputana Stainless IPO tracked on this page is Apply, with a score of 75/100. Out of 13 analysts who have reviewed this IPO, 8 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 75 mean for Rajputana Stainless IPO?

The score of 75 is an aggregate of all analyst ratings tracked for Rajputana Stainless IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

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% (₹0 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Rajputana Stainless IPO?

Rajputana Stainless IPO was priced at ₹116-122 per share. The minimum lot size is 110 shares, making the minimum investment approximately ₹13,420 at the upper end of the price band. Subscription ran from 09 Mar 2026 to 11 Mar 2026.

Explore Rajputana Stainless IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Rajputana Stainless IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

Join the WhatsApp channel Full IPO details

Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Apply
Score
75 / 100
Listed at
₹122
Full IPO details