Rajputana Stainless IPO Subscription Status
Rajputana Stainless IPO closed on 11 March 2026 with an overall subscription of 1.12x based on shares applied. QIB demand came in at 2.51x, NII at 2.59x, and retail at 0.27x.
Allotment will be finalised on 17 March 2026. The stock is scheduled to list on NSE and BSE on 20 March 2026.
Issue Price
Rs 122.00
GMP Today
Rs 3.00 (+2.46%)
Overall Subscription
1.12x
Issue Size
₹254.98 Cr
Allotment Date
17 Mar 2026
Listing Date
20 Mar 2026
Rajputana Stainless IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 122.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 25.50 Cr | Rs 63.92 Cr | 2.51x |
| FII | - | Rs 43.81 Cr | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 20.12 Cr | - |
| NII | Rs 68.84 Cr | Rs 178.61 Cr | 2.59x |
| bNII (above Rs 10L) | Rs 45.90 Cr | Rs 171.57 Cr | 3.74x |
| Corporate | - | Rs 5.27 Cr | - |
| Individual | - | Rs 152.25 Cr | - |
| Other | - | Rs 14.05 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 22.95 Cr | Rs 7.04 Cr | 0.31x |
| Corporate | - | Rs 4.56 L | - |
| Individual | - | Rs 6.74 Cr | - |
| Other | - | Rs 26.03 L | - |
| Retail | Rs 160.64 Cr | Rs 43.18 Cr | 0.27x |
| Cut-off price | - | Rs 34.46 Cr | - |
| Fixed price | - | Rs 8.73 Cr | - |
| Total | Rs 254.98 Cr | Rs 285.72 Cr | 1.12x |
Rajputana Stainless IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 20,90,000 | 20 | 0.00x |
| FII | - | 9 | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | 11 | - |
| NII | 3,420 | 1,381 | 0.40x |
| bNII (above Rs 10L) | 2,280 | 1,093 | 0.48x |
| Corporate | - | 9 | - |
| Individual | - | 1,021 | - |
| Other | - | 63 | - |
| sNII (Rs 2L to Rs 10L) | 1,140 | 288 | 0.25x |
| Corporate | - | 2 | - |
| Individual | - | 275 | - |
| Other | - | 11 | - |
| Retail | 1,19,700 | 22,779 | 0.19x |
| Cut-off price | - | 18,729 | - |
| Fixed price | - | 4,050 | - |
| Total | 22,13,120 | 24,180 | 0.01x |
What Do These Subscription Numbers Mean?
A subscription of 1.12x by shares means the IPO received bids for 1 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 2.51x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 2.51x, it reflects serious institutional conviction.
NII at 0.40x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 0.48x and sNII at 0.25x by applications. Share subscription was 2.59x. Allotment uses application count, not share volume.
null Retail allotment is done by lottery when oversubscribed.
Rajputana Stainless IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Application subscription: 0.19x.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 0.25x.
BHNI (above Rs 10 lakh)
- •Application subscription: 0.48x.
- •Share subscription was 3.74x. Allotment uses application count, not share volume.
Check the Rajputana Stainless IPO Allotment Status page from 17 March 2026 for your allotment result.
Rajputana Stainless IPO GMP After Subscription
GMP for Rajputana Stainless IPO stands at Rs 3.00 today, giving an estimated listing price of Rs 125.00 per share.
A subscription of 1.12x combined with a GMP of 2.46% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Rajputana Stainless IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Rajputana Stainless IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 9 Mar 2026 | 0.99x | 0.65x | 0.04x | 0.30x |
| Day 2 - 10 Mar 2026 | 0.99x | 0.94x | 0.11x | 0.42x |
| Day 3 - 11 Mar 2026 | 2.51x | 2.59x | 0.27x | 1.12x |
Rajputana Stainless IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 9 March 2026 |
| IPO Close Date | 11 March 2026 |
| Allotment Date | 17 March 2026 |
| Refund Initiation | 18 March 2026 |
| Share Credit to Demat | 18 March 2026 |
| Listing Date | 20 March 2026 |
| Minimum Investment | Rs 13,420.00 |
| Lot Size | 110 shares |
About Rajputana Stainless IPO
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Rajputana Stainless IPO Subscription FAQs
What is Rajputana Stainless IPO IPO subscription status today?
Rajputana Stainless IPO IPO subscription closed on 11 March 2026 with overall subscription of 1.12x (by shares) as of 27 June 2026, 2:47 AM IST. QIB 2.51x, NII 0.40x, Retail 0.19x.
What is the overall subscription of Rajputana Stainless IPO IPO?
Rajputana Stainless IPO IPO is subscribed 1.12x overall by shares at close on 11 March 2026. QIB 2.51x, NII 0.40x, and Retail 0.19x.
What is Rajputana Stainless IPO IPO QIB subscription?
Rajputana Stainless IPO IPO QIB (Qualified Institutional Buyers) subscription is 2.51x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Rajputana Stainless IPO IPO Retail subscription?
Rajputana Stainless IPO IPO Retail subscription is 0.19x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Rajputana Stainless IPO IPO NII subscription?
Rajputana Stainless IPO IPO NII (Non-Institutional Investors) subscription is 0.40x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Rajputana Stainless IPO IPO for retail?
Rajputana Stainless IPO IPO retail allotment chances depend on final application oversubscription. Allotment is by lottery when retail subscription exceeds 1x.
When is Rajputana Stainless IPO IPO allotment date?
Rajputana Stainless IPO IPO allotment date is 17 March 2026. Check Rajputana Stainless IPO Allotment Status on IPOwiz from that day using your PAN.
When does Rajputana Stainless IPO IPO subscription close?
Rajputana Stainless IPO IPO subscription closed on 11 March 2026. No new applications are accepted after the close.
What is Rajputana Stainless IPO IPO GMP today?
Rajputana Stainless IPO IPO GMP is ₹3 today (+2.46% over issue price ₹122). See live GMP on the Rajputana Stainless IPO GMP Today page.
What is Rajputana Stainless IPO IPO issue price and lot size?
Rajputana Stainless IPO IPO issue price is ₹122 per share. Lot size is 110 shares. Minimum investment is ₹13,420 per lot. Issue size: ₹254.98 Cr.
When is Rajputana Stainless IPO IPO listing date?
Rajputana Stainless IPO IPO listing date is 20 March 2026 on NSE and BSE. Allotment is on 17 March 2026.
How does subscription affect Rajputana Stainless IPO IPO allotment?
Allotment odds in Rajputana Stainless IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 1.12x overall, competition is moderate.
For allotment results from 17 March 2026, visit the Rajputana Stainless IPO Allotment Status page. For listing day updates on 20 March 2026, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.