Rajputana Stainless ipo

Rajputana Stainless new ipo listing

Rajputana Stainless plans to enter capital markets– for setting up power plant and business expansion. Rajputana has filed DRHP (Draft Red Herring Prospectus) with the SEBI(Securities and Exchange Board of India) for Rs 108 crore initial public offer.

The company has stainless steel manufacturing unit (annual installed capacity 40,000 MT) and has an in-house bright bar manufacturing unit(annual installed capacity 3,600 MT). Rajputana Stainless will use issue proceed for upgrading various existing and proposed manufacturing facilities at Kalol and setting up of Wind Energy unit.

Rajputana manufacturing RCS, wire rods, hexagon, high quality stainless steel billets, square, black & bright bars in various grades and sizes.

Aryaman Financial Service, Nirbhay Capital Services and Adroit Corporate Services are the book-running lead managers to the issue – new ipo listing.

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