Rajputana Stainless Ltd: A Stainless Steel IPO with Expansion Plans
Rajputana Stainless Ltd announces an IPO priced at Rs 116-122 per share, aiming to raise Rs 255 crore. The funds will support a new manufacturing facility in Gujarat, product expansion, debt repayment, and corporate purposes. Established in 1991, the company specializes in steel products, serving both domestic and international markets.
- Country:
- India
Rajputana Stainless Ltd is set to launch an initial public offering (IPO) with a price range of Rs 116-122 per share, targeting a fundraising of Rs 255 crore.
The upcoming IPO opens on March 9 and closes on March 11, featuring both fresh equity issuance and shares offered by promoter Shankarlal Deepchand Mehta.
Proceeds will finance a new manufacturing plant in Gujarat, expand product offerings, and cover financial liabilities. Established in 1991 and renamed in 2007, the company is a key player in the steel industry and exports to multiple global markets.
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