Description

Rajputana Stainless Limited (symbol: RSL) equity shares admitted to dealings on NSE Capital Market segment effective March 19, 2026, pursuant to its IPO at an issue price of Rs. 122 per share.

Summary

NSE has notified the listing of equity shares of Rajputana Stainless Limited (symbol: RSL) on the Capital Market segment effective March 19, 2026. The company completed its IPO at an issue price of Rs. 122 per share with a total of 83,567,658 equity shares of Rs. 10 face value admitted to trading.

Key Points

  • Symbol: RSL | Series: EQ | ISIN: INE313L01016
  • Face Value: Rs. 10/- | Issue Price: Rs. 122/-
  • Total shares listed: 83,567,658 equity shares
  • Market lot size: 1 share
  • Shares are pari passu with existing equity shares
  • RSL will participate in the pre-open session for IPO and Other category scrips per SEBI circular CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012

Regulatory Changes

No new regulatory changes introduced. Listing is in pursuance of:

  • Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A — admission of securities to dealings
  • Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A — lot sizes

Compliance Requirements

  • Members must identify the security only by its designated code (RSL) for trading purposes
  • Trading must be conducted in the specified lot size of 1
  • Members to note RSL’s inclusion in the pre-open IPO session category

Important Dates

  • Circular Date: March 18, 2026
  • Effective Date (listing): March 19, 2026
  • Lock-in dates:
    • 6,250,000 shares: Free (no lock-in)
    • 45,953,154 shares: Locked until September 26, 2026
    • 16,714,504 shares: Locked until September 26, 2027
    • 14,650,000 shares: Free (no lock-in)

Impact Assessment

This is a standard IPO listing circular for Rajputana Stainless Limited, a Gujarat-based stainless steel company. With 83.57 million shares at an issue price of Rs. 122, the implied market cap at listing is approximately Rs. 10,195 million (~Rs. 1,020 crore). A significant portion of shares (approximately 75%) are subject to lock-in periods extending to September 2026 and September 2027, limiting near-term float. Impact is primarily relevant to IPO allottees and traders monitoring new listings; no broader market or systemic impact anticipated.

Impact Justification

Standard IPO listing notification for a small-cap company; relevant to investors participating in the IPO and those tracking new listings, but limited broader market impact.