Mumbai: The Initial Public Offering of Rajputana Stainless Limited was subscribed 1.12 times on the final day of bidding.

The issue received bids of 2,34,19,550 equity shares against the offered 2,09,00,000 equity shares, at a price band of Rs 116 to Rs 122 per share, according to data available on the stock exchanges.

Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs) portions were subscribed 2.51 times and 2.59 times, respectively, while the Retail portion was subscribed 0.27 times.