Rajputana Steel IPO, March 12 -- The allotment and listing of Rajputana Steel's initial public offering (IPO) have been postponed after the company announced a three-day window for investors to withdraw their bids following the stock market regulator's action against the company.

The company shared unsolicited emails and video material, making an invitation to participate in the IPO to certain individuals and entities, promoting SEBI action, the company said. After this, Rajputana Steel has made an offer to investors to withdraw their bids in line with the SEBI directive.

Rajputana Steel IPO allotment date, which was earlier set as March 12, has now been shifted to March 17.

Investors, who placed their bids during the subscription peri...