IPO Listed — 19 Mar 2026

Listing Price: ₹122 (+0% vs ₹122)

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Rajputana Stainless IPO Review

Q: 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).

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

Rajputana Stainless IPO is 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.

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. Scroll down for the full analyst breakdown and analyst-wise verdicts.

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.

Disclaimer: This review is an AI summary derived from the reviews of all analysts.

Analyst Verdict & Score
Detailed Review
Analyst Reviews
Frequently Asked Questions

Analyst Sentiment

Analytical Score

How it's calculated?

Apply

75 / 100

Recommend Subscribe

Based on 13 analyst reviews

8 / 13

Higher consensus indicates broader analyst agreement.

Analyst Review

Analyst	Verdict	View
Canara Bank Securities	Apply
Adroit Financial Services	Apply
Anand Rathi	Apply
GEPL Capital	Apply
SBI Securities	Apply
BP Equities	Apply
Marwadi Shares & Finance	Avoid
Capital Market	Avoid
Swastika Investmart	Avoid
Ventura Securities	Apply
SMC Global	Neutral
Hem Securities	Apply
Vibhor Varshney	Neutral
Axis Capital	Not Rated

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Frequently Asked Questions

Should I apply for Rajputana Stainless IPO?

Based on analyst coverage tracked on this page, the overall verdict for Rajputana Stainless IPO is Apply. Out of 13 analysts who have reviewed this IPO, 8 recommend subscribing. Always cross-check with the full analyst reviews below and consult a SEBI-registered advisor before making any investment decision.

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. Scroll down to read individual analyst verdicts 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.

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