New Delhi, March 10 -- The initial public offering of Rajputana Stainless Ltd, which produces various long and flat stainless-steel products, was 30% subscribed on its first day of bidding on Monday.

Rajputana Stainless secured Rs.10 crore from anchor investor Shine Star Build Cap.

The company produces a wide array of stainless-steel items, such as billets, forging ingots, rolled black bars, rolled bright bars, flats, patti, and other related products.

In the Rajputana Stainless IPO, up to 50% of the shares in the public offering have been allocated for qualified institutional buyers (QIB), 15% for non-institutional investors (NII), and 35% of the offering is designated for retail investors.

Provisional allotment of shares for the Raj...