Rajputana Stainless IPO Allotment Date Revised; Shares to List with Muted Market Debut

Rajputana Stainless Ltd's IPO, open from March 9 to 11, saw modest subscription with strong institutional interest but weak retail demand. The IPO allotment date was revised to March 17 after SEBI allowed investors to withdraw bids over three days due to regulatory concerns, including anchor investor allocation issues. The company's shares are expected to list on March 19 on NSE and BSE, with grey market indications suggesting a largely flat market debut. Proceeds will fund debt repayment and capital expenditure.