New Delhi, 09 March (H.S.): Rajputana Stainless Limited, a stainless steel manufacturer, launched its ₹254.98 crore IPO today, open for subscription until March 11. Allotment finalizes March 12, demat credit March 13, with tentative BSE/NSE listing on March 16.Priced at ₹116-122 per share (face value ₹10), the lot size is 110 shares—retail minimum ₹13,420 (1 lot), maximum ₹1,87,880 (14 lots).

The issue comprises 1.465 crore fresh shares (₹179 crore) and 62.5 lakh OFS shares (₹75.98 crore), totaling 2.09 crore shares.Allocation: 50% QIBs, 35% retail, 15% NIIs. Nirmay Capital Services leads, KFin Technologies registers.

Financial Snapshot

Per DRHP filings, net profit soared: FY23 ₹24.04 Cr → FY24 ₹31.63 Cr → FY25 ₹39.85 Cr; H1 FY26 (Apr-Sep 2025) ₹24.41 Cr. Revenue fluctuated: FY23 ₹950.69 Cr → FY24 ₹915.50 Cr → FY25 ₹937.49 Cr; H1 FY26 ₹502.77 Cr.

Debt edged up: FY23 ₹79.83 Cr → FY24 ₹79.76 Cr → FY25 ₹99.75 Cr; Q1 FY26 ₹85.91 Cr. Reserves grew steadily: FY23 ₹46.73 Cr → FY24 ₹78.36 Cr → FY25 ₹83.75 Cr → H1 FY26 ₹108.16 Cr. EBITDA climbed: FY23 ₹43.85 Cr → FY24 ₹59.41 Cr → FY25 ₹73.79 Cr → H1 FY26 ₹45.92 Cr.

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Hindusthan Samachar / Jun Sarkar