Rajputana Stainless Limited IPO Review
Neutral₹116 – ₹122 · Mainboard
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Analyst Verdict
Rajputana Stainless Limited IPO
Neutral
IPO at a Glance
Price Band
₹116 – ₹122
Issue Size
255cr
Min. Investment
₹13,420
Opens
2026-03-09
Closes
2026-03-11
Listing
2026-03-19
Category
Mainboard
Key Strengths
✓Diversified portfolio of 80+ stainless steel grades under the “RSL” brand.
✓Strong B2B presence across multiple end-use industries.
✓Established promoter group with a long operating history since 1991.
✓Strategic expansion into seamless pipes for forward integration.
✓Consistent revenue base with improving profitability metrics..
Key Risks
⚠High revenue dependence on top customers without long-term contracts.
⚠Significant ongoing litigations and contingent liabilities.
⚠Geographic concentration of manufacturing operations in Gujarat.
⚠Dependence on limited key raw material suppliers.
⚠The majority of revenue is derived from domestic markets, especially select states.
Frequently Asked Questions
Should I apply for Rajputana Stainless Limited IPO?
Based on our analysis, our rating for Rajputana Stainless Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of Rajputana Stainless Limited IPO?
High revenue dependence on top customers without long-term contracts. Significant ongoing litigations and contingent liabilities. Geographic concentration of manufacturing operations in Gujarat.
What are the strengths of Rajputana Stainless Limited IPO?
Diversified portfolio of 80+ stainless steel grades under the “RSL” brand. Strong B2B presence across multiple end-use industries. Established promoter group with a long operating history since 1991.
What is the price band of Rajputana Stainless Limited IPO?
The price band for Rajputana Stainless Limited IPO is ₹116 – ₹122. The IPO has closed.
Full Analysis Available
Financials, DRHP breakdown, peer comparison, shareholding pattern & more