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Rajputana Stainless IPO booked 30% on first day; GMP rises marginally. Check key details
Rajputana Stainless PO has seen 30% bidding so far, primarily from institutional investors, while the grey market premium suggests a potential listing price of ₹124.5.
Rajputana Stainless (RSL) IPO subscribed 30%
The offer received bids for 63.04 lakh shares as against 2.09 crore shares on offer.
Rajputana Stainless IPO Day 1 LIVE: Issue booked 4% so far. GMP hints nearly 2% listing gains. Apply or skip?
Rajputana Stainless IPO Day 1 LIVE: Rajputana Stainless IPO will be priced between ₹116 and ₹122, with subscription dates from March 9 to March 11. The firm seeks to raise ₹254.98 crore for expanding its product range and repaying debts.
Rajputana Stainless IPO day 1: GMP, date, size, subscription status, review, other details. Apply or not?
Rajputana Stainless IPO GMP today: According to the market observers, shares of the company are available at a premium of ₹2 in the grey market today
Rajputana Stainless IPO: GMP among key details to know before subscription
At the upper price band, Rajputana Stainless intends to raise ₹255 crore, which includes a fresh issue of shares worth ₹179 crore, along with an Offer for Sale (OFS) component of shares worth ₹76 crore by promoter Shankarlal Deepchand Mehta.
Rajputana Stainless Share Price Today | NSE: RJPS Stock - Investing.com India
Rajputana Stainless Share Price Today | NSE: RJPS StockInvesting.com India
Rajputana Stainless IPO opens March 9: Check 10 key things to know from RHP before investing
Rajputana Stainless Ltd is set to launch an IPO from March 9-11, 2025, aiming to raise ₹255 crore at ₹116-122 per share. The company focuses on stainless steel manufacturing and exports to nine countries.
Rajputana Stainless sets price band for ₹255 crore IPO opening March 9
Rajputana Stainless Ltd on Monday fixed a price band of Rs116-122per share for its upcoming Rs 255 crore initial public offering (IPO). The company's maiden public offering will open on March 9 and conclude on March 11, according to its statement. The IPO is a combination of a fresh issuance of up to 1.46crore equity shares and an offer-for-sale of up to 62.5 lakh shares by promoter Shankarlal Deepchand Mehta. This aggregates the total fund raising to Rs 255 crore at the higher end of the price band. The company will use the proceeds from the fresh issue to set up a manufacturing facility at Panchmahal district, Gujarat, expand its product portfolio, repay debt, and cover general corporate purposes. Incorporated in 1991 as Rajputana Steel Castings, the company transitioned into Rajputana Stainless in 2007 after a strategic restructuring. Rajputana Stainless specialises in manufacturing long and flat stainless-steel products which include billets, forging ingots and rolled black ..
Rajputana Stainless fixes the price band for its IPO
At the upper end of the price band, the company intends to raise ₹254.98 crore, which includes a fresh issue of shares worth ₹179 crore, along with an Offer for Sale (OFS) component of shares worth ₹76 crore.
Stocks to Watch Today: Rajputana Stainless, Cosmic CRF, Gaudium IVF, Ahluwalia Contracts, Manappuram, Nazara Tech, GR Infraprojects, Belrise in focus on 19 March
Stocks to Warch, 19 March: Stocks like Gaudium IVF and Women Health, Ahluwalia Contracts, Manappuram Finance, Nazara Technologies, G R Infraprojects, Belrise Industries, Puravankara, Mazagon Dock Shipbuilders, Natco Pharma, United Breweries, and Vedanta will be in focus on March 19.
Craft Emerging Market Fund buys 2.57% stake in Rajputana Stainless on listing day
Rajputana Stainless shares remained below its issue price of Rs 122 after gap-down opening, closing 7.35 percent lower at Rs 113.03 on the National Stock Exchange.