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Rajputana Stainless IPO Day 3: Last day to buy; check GMP, subscription status, and key details - Apply or not?
Rajputana Stainless IPO opened on March 9 and closes today, aiming to raise ₹255 crore. The price band is set at ₹116-122 per share. Investor sentiment is muted with a grey market premium of ₹1. Subscription status shows limited interest across various categories.
Read original on www.livemint.com ↗Negative for markets
Sentiment score: -35/100
Low impact
Immediate effect (hours)
WHAT THIS MEANS
Rajputana Stainless IPO closes today with weak investor sentiment, evidenced by minimal grey market premium of ₹1 and limited subscription across categories. The ₹255 crore offering at ₹116-122 per share shows muted demand, suggesting cautious market reception for this stainless steel company.
AI CONFIDENCE
72% High
SENTIMENT GAUGE
NEWS POWER SCORE
AFFECTED ASSETS
↓
RAJPUTANA_IPO
RAJPUTANA_IPOStock
Expected to decline
Weak grey market premium (₹1) and low subscription indicate poor investor demand; likely to list at or near lower end of price band
⇅
IT→.MI
IT→.MIIndex
High volatility expected
Indirect exposure through Indian industrial/stainless steel sector sentiment; weak IPO reception may signal broader manufacturing sector caution
PRICE HISTORY
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⚡ SUGGESTED ACTION
Avoid applying on final day unless seeking long-term value play; weak GMP suggests limited upside potential at listing. Monitor listing day performance before considering secondary market entry.
KEY SIGNALS
SECTORS INVOLVED
Analysis generated on Mar 11, 2026 at 05:18 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.
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