Rajputana Stainless IPO Allotment Delayed to March 17 After SEBI Intervention

Rajputana Stainless Ltd's IPO, which closed on March 11, saw its share allotment date postponed to March 17 following Securities and Exchange Board of India (SEBI) intervention due to unsolicited emails inviting investors. SEBI allowed investors to withdraw bids until March 16. The IPO, valued at Rs 255 crore, was modestly subscribed, with strong institutional interest but weak retail demand. Shares are expected to list on NSE and BSE around March 19, with proceeds aimed at debt repayment and capital expenditure.