New Delhi, March 6 -- The initial public offering (IPO) of stainless-steel products manufacturer Rajputana Stainless Ltd is set to hit Dalal Street next week with an aim to raise nearly Rs.255 crore from the primary market.

Rajputana Stainless IPO will open for public subscription on March 9, Monday, and close on March 11, Wednesday. The IPO allotment date is likely March 12, Thursday, and the IPO listing date is March 16, Monday.

The company aims to raise Rs.254.98 crore from the book-building issue which is a combination of fresh issue of 1.47 crore equity shares worth Rs.178.73 crore, and an offer for sale (OFS) component of 62.50 lakh shares aggregating to Rs.76.25 crore.

Rajputana Stainless IPO price band is set at Rs.116 to Rs.12...