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Rajputana Industries Limited is a manufacturer of a diverse range of non-ferrous metal products, including billets, rods, tubes, bus bars, and winding wires made from copper, aluminium, and brass. The company's primary business model involves recycling scrap metal sourced from open markets at its in-house manufacturing facility in Sikar, Rajasthan. Its products are supplied to various industries such as electrical and electronics, automotive, construction, and renewable energy. Rajputana Industries is currently expanding its product portfolio by entering into the manufacturing of cables for the construction and motor industries.
Mar 09, 2026
Mar 11, 2026
Mar 16, 2026
Mainboard
Upcoming
23.88 Cr
1.47 Cr
0.63 Cr
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Our company proposes to utilize the net proceeds towards funding the following objects:
Funding the working capital requirements of the company with an allocation of ₹14.00 crores to support increased production, manage higher inventory levels for new product lines, and facilitate expansion into new customer segments.
Purchase of a 1000 KW On-Grid Solar Power Generating System for an estimated cost of ₹4.50 crores. This initiative aims to reduce energy costs, ensure an uninterrupted power supply, and promote environmentally sustainable operations.
Allocating up to ₹2.81 crores towards general corporate purposes, including but not limited to strategic initiatives, brand-building exercises, funding growth opportunities, and meeting ongoing general corporate exigencies.
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5.78
14.86%
16.55%
13.82%
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4.87%
9.16%
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Led by an experienced senior management team with strong engineering qualifications and over two decades of industry expertise.
Maintains long-standing relationships with a diverse clientele, resulting in a high rate of repeat orders and consistent business.
Strong focus on quality control, supported by an in-house testing laboratory and multiple ISO certifications (9001, 14001, 45001).
Possesses an established, well-equipped manufacturing facility that allows for end-to-end production and better quality control.
High dependence on promoter group entities for a significant portion of revenue and raw material purchases.
Significant concentration in the supplier base, with the top 10 suppliers accounting for a large percentage of total purchases.
History of negative working capital in fiscal year 2022, indicating potential liquidity management challenges.
The primary trademark used by the company is registered in the name of a promoter, not the company itself, posing a potential risk.
Diversification into new, high-growth product segments, such as the manufacturing of cables for the construction and motor industries.
Growing demand from key end-user industries including renewable energy, electric vehicles, and infrastructure development.
Potential to expand customer base by reducing reliance on related-party sales and aggressively targeting external domestic and international markets.
Leveraging government initiatives like 'Make in India' to boost domestic manufacturing and capture a larger market share.
Exposure to significant volatility in the prices of key raw materials such as copper, brass, and aluminium scrap.
Intense competition from a fragmented market consisting of numerous organized and unorganized players.
Potential conflicts of interest arising from promoters and group companies being engaged in similar lines of business.
Stringent and evolving safety, health, and environmental regulations that could lead to increased compliance costs.
Rajputana Industries Limited is a manufacturer of a diverse range of non-ferrous metal products, including billets, rods, tubes, bus bars, and winding wires made from copper, aluminium, and brass. The company's primary business model involves recycling scrap metal sourced from open markets at its in-house manufacturing facility in Sikar, Rajasthan. Its products are supplied to various industries such as electrical and electronics, automotive, construction, and renewable energy. Rajputana Industries is currently expanding its product portfolio by entering into the manufacturing of cables for the construction and motor industries.
The Rajputana Stainless Ltd. IPO is scheduled to open for subscription on Mar 09, 2026 and close on Mar 11, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Rajputana Stainless Ltd. IPO is yet to be announced. Investors can place bids within this range once the issue opens.
The minimum lot size for the Rajputana Stainless Ltd. IPO is yet to be announced shares. The minimum investment amount will be known once the price band is finalized.
The total issue size of the Rajputana Stainless Ltd. IPO is approximately ₹23.88. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Rajputana Stainless Ltd. IPO has been subscribed data will be available once the issue opens. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Rajputana Stainless Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Rajputana Stainless Ltd. are expected to list on stock exchanges on Mar 16, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Rajputana Stainless Ltd. IPO are proposed to be used for Our company proposes to utilize the net proceeds towards funding the following objects:, Funding the working capital requirements of the company with an allocation of ₹14.00 crores to support increased production, manage higher inventory levels for new product lines, and facilitate expansion into new customer segments., Purchase of a 1000 KW On-Grid Solar Power Generating System for an estimated cost of ₹4.50 crores. This initiative aims to reduce energy costs, ensure an uninterrupted power supply, and promote environmentally sustainable operations., Allocating up to ₹2.81 crores towards general corporate purposes, including but not limited to strategic initiatives, brand-building exercises, funding growth opportunities, and meeting ongoing general corporate exigencies.
Before applying for the Rajputana Stainless Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
