Mumbai: Rajputana Stainless Limited, a manufacturer of long and flat stainless-steel products under the brand name RSL, has raised ₹10 crore from anchor investor Shine Star Build Cap Private Limited ahead of its upcoming Initial Public Offering (IPO).

The company informed the exchanges that it has allocated 8,19,720 equity shares at ₹122 per share to the anchor investor. The IPO of Rajputana Stainless Limited will open for public subscription on Monday, March 9, 2026.

Rajputana Stainless Limited manufactures a range of stainless-steel products including billets, forging ingots, rolled black bars, rolled bright bars, flats, patti, and other ancillary products.

Nirbhay Capital Services Private Limited is the book-running lead manager, and Kfin Technologies Limited is the registrar of the offer.