Mumbai, March 9 -- Rajputana Stainless (RSL) received bids for 63,04,430 shares as against 2,09,00,000 shares on offer, according to stock exchange data at 17:00 IST on Monday (9 March 2026). The issue was subscribed 0.30 times.

The issue opened for bidding on 9 March 2026, and it will close on 11 March 2026. The price band of the IPO is fixed between Rs 116 and 122 per share. An investor can bid for a minimum of 110 equity shares and in multiples thereof.

The Rs 254.98 crore IPO comprises a fresh issue of 1,46,50,000 equity shares to raise Rs 178.73 crore and an offer for sale (OFS) of up to 62,50,000 equity shares worth up to Rs 76.25 crore at higher price band of Rs 122. Shankarlal Deepchand Mehta will offload a part of his stake in ...