Livemint EN

Rajputana Stainless IPO Day 1 LIVE: Issue booked 3% so far. GMP hints nearly 2% listing gains. Apply or skip?

Rajputana Stainless IPO Day 1 LIVE: Rajputana Stainless IPO will be priced between ₹116 and ₹122, with subscription dates from March 9 to March 11. The firm seeks to raise ₹254.98 crore for expanding its product range and repaying debts.

Mar 09, 2026 &03490909202631; 04:49 UTC www.livemint.com Trending 4/5

Read original on www.livemint.com ↗

↘

Negative for markets

Sentiment score: -35/100

Low impact Short-term (days)

WHAT THIS MEANS

Rajputana Stainless IPO shows weak demand on Day 1 with only 3% subscription and modest 2% listing gains expected based on GMP. The ₹254.98 crore offering at ₹116-122 price range appears to lack strong investor interest despite the company's expansion and debt repayment plans.

AI CONFIDENCE

65% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

↓

RAJPUTANASTEEL

RAJPUTANASTEELStock

Expected to decline

Weak IPO subscription at 3% on Day 1 with minimal listing gains expected, indicating limited investor confidence

⇅

FTSE MIB (Italy)

FTSEMIB.MIIndex

High volatility expected

Indian IPO market sentiment may face headwinds from weak subscription patterns

PRICE HISTORY

Loading chart...

⚡ SUGGESTED ACTION

SKIP this IPO. The 3% Day 1 subscription and 2% GMP gains suggest weak demand and limited upside. Monitor if subscription improves significantly by March 11, but current risk-reward is unfavorable for new investors.

KEY SIGNALS

IPO subscription at only 3% on Day 1 - significantly below healthy levelsGMP indicating ~2% listing gains - minimal upside potentialWeak investor demand despite ₹254.98 crore fundraising objectiveSubscription period extends to March 11 - time to assess demand improvement

SECTORS INVOLVED

Stainless Steel ManufacturingIndustrial MetalsCapital Markets

Analysis generated on Mar 09, 2026 at 15:03 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by Livemint. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Rajputana Stainless IPO Day 1 LIVE: Issue booked 3% so far. GMP hints nearly 2% listing gains. Apply or skip?

RELATED INTELLIGENCE