Rajputana Stainless made a muted debut, listing at Rs 123.95 on BSE, a 1.6% premium over its Rs 122 issue price, while NSE saw it at par. The Rs 255 crore IPO, combining a fresh issue and offer-for-sale, raised funds for expansion and debt repayment. Subscriptions were modest, with strong institutional interest but weak retail participation at 0.27 times.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets