09 Mar 2026 | 5 Mins Read
Rajputana Stainless pulls IPO book due to SEBI non-compliance
Flipitmoney
Rajputana Stainless, a Gujarat-based stainless steel company, withdrew its anchor book after attracting only one institutional investor, Shine Star Build Cap Private Limited, despite requiring at least two investors. The company is raising Rs 254.98 crore via its initial public offering, which opens on March 9. Proceeds will be used for expansion, debt repayment, and general corporate purposes.