Rajputana Stainless IPO to Open March 9 with ₹255 Crore Target and Noted Risks

Rajputana Stainless Ltd plans to raise approximately ₹255 crore through an IPO opening March 9 and closing March 11, priced between ₹116 and ₹122 per share. The issue includes a fresh share sale and an offer for sale, with proceeds aimed at expanding manufacturing, repaying debt, and general purposes. Grey market premiums indicate listing near issue price. The company faces risks including customer dependency and geographic concentration in Gujarat, as detailed in its prospectus.