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Rajputana Stainless IPO Day 2: Issue subscribed 30% so far. Check GMP, review, key dates. Apply or skip?

Rajputana Stainless IPO Day 2: Rajputana Stainless IPO was 30% subscribed on its first day. The company aims to raise ₹255 crore. The public offering allocates shares for QIBs, NIIs, and retail investors. Provisional allotment is on March 12, with expected listing on March 16.

Mar 10, 2026 &03581010202631; 02:58 UTC www.livemint.com Trending 3/5

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Negative for markets

Sentiment score: -65/100

Moderate impact Short-term (days)

WHAT THIS MEANS

Rajputana Stainless IPO shows weak demand at 30% subscription on Day 2, targeting ₹255 crore raise with allocation across QIBs, NIIs, and retail investors. Provisional allotment scheduled for March 12 and listing expected March 16, indicating potential undersubscription risk.

AI CONFIDENCE

75% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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RAJPUTANA_IPO

RAJPUTANA_IPOStock

Expected to decline

Weak IPO subscription at 30% on Day 2 suggests limited investor interest and potential undersubscription, which typically leads to poor listing performance

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IT→.MI

IT→.MIIndex

High volatility expected

Indian IPO market sentiment may weaken if Rajputana fails to meet subscription targets, affecting broader market confidence in new offerings

PRICE HISTORY

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⚡ SUGGESTED ACTION

SKIP this IPO. The 30% subscription rate on Day 2 is a red flag suggesting insufficient demand and high risk of poor listing performance. Wait for stronger IPO opportunities with better subscription momentum before committing capital.

KEY SIGNALS

Low IPO subscription rate (30%) indicates weak demandRisk of undersubscription before final dayPotential negative listing performance expectedRetail investor participation appears limitedMarket sentiment toward industrial metal IPOs weakening

SECTORS INVOLVED

Stainless Steel ManufacturingIndustrial MetalsCapital Markets

Analysis generated on Mar 10, 2026 at 03:08 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 2: Issue subscribed 30% so far. Check GMP, review, key dates. Apply or skip?

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