The spotlight is now on the Rajputana Stainless IPO allotment date after the public issue closed earlier this month. Investors who applied for the issue are now waiting to see whether shares will land in their demat accounts.
The timeline has seen a small change. After allowing investors to withdraw their bids for several trading sessions, the Rajputana Stainless IPO allotment date has been shifted to March 17.
For many market participants tracking IPO activity, this change has become the key development around the issue.
Let’s break down what happened, what it means for investors, and how you can check the Rajputana Stainless IPO allotment status once it is announced.
Market Performance
The Rajputana Stainless IPO opened for subscription between March 9 and March 11. During these three days, investors across categories placed bids for the stainless-steel manufacturer’s public issue.
After the bidding period closed, the focus naturally shifted to the Rajputana Stainless IPO allotment date and the next steps in the IPO timeline.
However, the schedule was revised after investors were provided an option to withdraw their bids for a limited period.
Key Timeline at a Glance
- IPO Opening Date: March 9
- IPO Closing Date: March 11
- Bid Withdrawal Window: March 12 to March 16 (10 AM to 5 PM)
- Rajputana Stainless IPO Allotment Date: March 17
- Shares Credit to Demat Accounts: March 18
- Expected Listing Date: March 19
- Stock Exchange Listing: BSE and NSE
This updated schedule has become important for investors tracking the Rajputana Stainless IPO allotment date and listing process.
Main News: Rajputana Stainless IPO Allotment Date Shifted
The biggest development around the issue is the change in the Rajputana Stainless IPO allotment date.
After the IPO closed on March 11, investors were allowed to withdraw their bids over three trading sessions. The bid withdrawal window remained open from March 12 to March 16, allowing investors to cancel their applications between 10 AM and 5 PM each day.
Because of this additional process, the company revised the Rajputana Stainless IPO allotment date to March 17.
Once the allotment is finalized:
- Successful applicants will receive shares in their demat accounts on March 18
- Refunds for applicants who did not receive share allotment will be processed on March 18.
- The shares are expected to list on March 19
For investors, this makes March 17 the key date to watch.
Why Investors Were Allowed to Withdraw Bids?
The IPO timeline changed after market regulator SEBI permitted investors to withdraw their bids.
This came after the circulation of emails and video materials that invited investors to participate in the public issue.
Following this development, investors were given a three-day withdrawal window.
During this period:
- Bids could be withdrawn between March 12 and March 16
- The window remained open 10 AM to 5 PM each day
This process ultimately led to the Rajputana Stainless IPO allotment date being revised.
Rajputana Stainless IPO Details
The stainless-steel products manufacturer launched its public issue through a book-building IPO.
Issue Structure
The company aimed to raise ₹254.98 crore through the public offering.
Breakdown of the issue:
- Fresh Issue:
- 1.47 crore equity shares
- Worth ₹178.73 crore
- Offer For Sale (OFS):
- 62.50 lakh shares
- Worth ₹76.25 crore
IPO Price Band
- Lower Price: ₹116 per share
- Upper Price: ₹122 per share
These details shaped the overall demand during the IPO subscription period.
Rajputana Stainless IPO Subscription Status
The Rajputana Stainless IPO received moderate participation during the bidding process.
Overall, the IPO was subscribed 1.12 times.
Investors placed bids worth ₹285.72 crore, spread across nearly 23,000 applications.
Category-wise Subscription
- Retail Individual Investors (RIIs): 27% subscription
- Non-Institutional Investors (NIIs): 2.59 times subscription
- Qualified Institutional Buyers (QIBs): 2.51 times subscription
These numbers reflect how demand was distributed across investor categories.
Company Details
Rajputana Stainless Ltd. operates in the stainless-steel products manufacturing sector.
The company approached the primary market through its public issue with the goal of raising capital through a mix of:
- Fresh issue of equity shares
- Offer for sale by existing shareholders
IPO Management
- Book Running Lead Manager: Nirbhay Capital Services Pvt. Ltd.
- IPO Registrar: Kfin Technologies Ltd.
The registrar plays a key role in processing applications and finalizing the Rajputana Stainless IPO allotment status.
How to Check Rajputana Stainless IPO Allotment Status Online?
Once the Rajputana Stainless IPO allotment date is announced, investors will be able to check their allotment status online through several official platforms.
The process is straightforward and takes only a few minutes.
Check Rajputana Stainless IPO Allotment Status on BSE
Follow these steps:
- Visit the BSE website
- Select “Equity” under Issue Type
- Choose Rajputana Stainless Limited in Issue Name
- Enter Application Number or PAN
- Verify captcha and click Search
Your Rajputana Stainless IPO allotment status will appear on the screen.
Check Rajputana Stainless IPO Allotment Status on NSE
Steps to follow:
- Visit the NSE IPO bid verification page
- Select “Equity and SME IPO bids”
- Choose Rajputana Stainless Limited
- Enter PAN and Application Number
- Click Submit
The system will display your Rajputana Stainless IPO allotment status instantly.
Check Rajputana Stainless IPO Allotment Status on Registrar Website
Investors can also check the status through Kfin Technologies, the IPO registrar.
Steps:
- Visit the registrar’s IPO status portal
- Select Rajputana Stainless Limited from the dropdown
- Choose one of the following search options:
- Application Number
- PAN
- Demat Account Number
- Enter the required details
- Fill in the captcha and click Submit
The Rajputana Stainless IPO allotment status will be displayed.
Summary
The focus for investors is clearly on the Rajputana Stainless IPO allotment date, which has now been revised to March 17.
Here is a quick recap of the key points:
- The Rajputana Stainless IPO closed on March 11
- Investors were allowed to withdraw bids from March 12 to March 16
- Rajputana Stainless IPO allotment date: March 17
- Shares credited to demat accounts: March 18
- Refunds processed: March 18
- Expected listing date: March 19 on BSE and NSE
For applicants, the next step is simple — check the Rajputana Stainless IPO allotment status on March 17 through the BSE, NSE, or registrar website.
As the IPO moves toward listing, investors will be closely watching how the next phase unfolds in the primary market.
Source: Livemint
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