Rajputana Stainless IPO vs Sambhv Steel Tubes IPO

Comparison between Rajputana Stainless IPO and Sambhv Steel Tubes IPO.

IPO Details

Rajputana Stainless IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Sambhv Steel Tubes IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Rajputana Stainless IPO is up to ₹254.98 Cr whereas the issue size of the Sambhv Steel Tubes IPO is up to ₹540.00 Cr. The final issue price of Rajputana Stainless IPO is ₹122.00 per share and of Sambhv Steel Tubes IPO is ₹82.00 per share.

 Rajputana Stainless IPOSambhv Steel Tubes IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹116.00 per share₹77.00 per share
Issue Price (Upper)₹122.00 per share₹82.00 per share
Issue Price (Final)₹122.00 per share₹82.00 per share
Discount (Retail)
Discount (Employee)₹4.00 per share
Market Lot Size110 shares182 shares
Fresh Issue Size1,46,50,000 shares5,36,69,429 shares
Fresh Issue Size (Amount)up to ₹178.73 Crup to ₹440.02 Cr
OFS Issue Size62,50,000 shares1,21,95,120 shares
OFS Issue Size (Amount)up to ₹76.25 Crup to ₹99.98 Cr
Issue Size Total2,09,00,000 shares6,58,64,549 shares
Issue Size Total (Amount)up to ₹254.98 Crup to ₹540.00 Cr

IPO Timetable

Rajputana Stainless IPO opens on Mar 09, 2026, while Sambhv Steel Tubes IPO opens on Jun 25, 2025. The closing date of Rajputana Stainless IPO and Sambhv Steel Tubes IPO is Mar 11, 2026, and Jun 27, 2025, respectively.

 Rajputana Stainless IPOSambhv Steel Tubes IPO
Anchor Bid DateJun 24, 2025
Issue OpenMar 09, 2026Jun 25, 2025
Issue CloseMar 11, 2026Jun 27, 2025
Basis Of Allotment (Tentative)Mar 17, 2026Jun 30, 2025
Initiation of Refunds (Tentative)Mar 18, 2026Jul 01, 2025
Credit of Share (Tentative)Mar 19, 2026Jul 01, 2025
Listing date (Tentative)Mar 19, 2026Jul 02, 2025
Anchor Lockin End date 1Jul 29, 2025
Anchor Lockin End date 2Sep 27, 2025

Financials & KPIs

Rajputana Stainless IPO P/E ratio is 21.1, as compared to Sambhv Steel Tubes IPO P/E ratio of 23.97.

 Rajputana Stainless IPOSambhv Steel Tubes IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets448.80420.36324.01297.34
Total Income502.77937.49915.50950.69
Profit After Tax24.4139.8531.6324.04
EBITDA45.9273.7959.4143.85
NET Worth176.65151.95112.2781.17
Reserves and Surplus108.1683.7578.3646.73
Total Borrowing85.9199.7579.7679.83
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets1,411.82940.13552.14458.51
Total Income1,018.811,289.38939.00820.75
Profit After Tax40.6982.4460.3872.11
EBITDA106.37159.87117.30124.52
NET Worth478.46438.28210.40149.30
Reserves and Surplus197.28190.31129.21
Total Borrowing619.15346.88282.77241.29
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)78.2271.9
Promoter Shareholding (Post-Issue)57.0157.4
P/E Ratio21.123.97
Market Cap₹1019.53 Cr.₹2416.22 Cr.
ROE30.17%25.42%
ROCE31.72%17.66%
Debt/Equity0.660.80
EPS₹5.78₹3.42
RoNW26.23%25.42%

Shares Offered

In the Rajputana Stainless IPO Retail Individual Investors (RII) are offered 1,31,67,000 shares while in Sambhv Steel Tubes IPO retail investors are offered 1,31,67,000 shares. Qualified Institutional Buyers (QIB) are offered 20,90,000 shares in Rajputana Stainless IPO and 1,31,09,756 shares in Sambhv Steel Tubes IPO.

 Rajputana Stainless IPOSambhv Steel Tubes IPO
Anchor Investor Reservation0 shares1,96,64,633 shares
Market Maker Reservation0 shares0 shares
QIB20,90,000 shares1,31,09,756 shares
NII56,43,000 shares98,32,317 shares
RII1,31,67,000 shares2,29,42,073 shares
Employee0 shares3,20,512 shares
Others
Total2,09,00,000 shares6,58,69,291 shares

Bids Received (Subscription)

Rajputana Stainless IPO subscribed 1.12x in total, whereas Sambhv Steel Tubes IPO subscribed 30.33x.

 Rajputana Stainless IPOSambhv Steel Tubes IPO
QIB (times)2.51x66.36x
NII (times)2.59x33.88x
Big NII (times)3.74x35.82x
Small NII (times)0.31x30.01x
RII (times)0.27x8.56x
Employee (times)5.71x
Other (times)
Total (times)1.12x30.33x

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Rajputana Stainless IPO Vs Sambhv Steel Tubes IPO