Rajputana Steel IPO Dates Delayed After Sebi Action

Rajputana Steel IPO Faces Delay Amid Regulatory Concerns

Rajputana Steel’s IPO allotment and listing are postponed following SEBI action due to unsolicited promotional materials.

• Investor Option: Bidders can withdraw applications from March 12-16.
• Revised Dates: Allotment is now March 17; listing, March 19 (BSE/NSE).
• Subscription Status: IPO subscribed 1.12 times overall.
• Retail Response: Retail segment under-subscribed at 0.27 times.
• Check Allotment: Status available March 17 via BSE, NSE, KFin Technologies.
• Grey Market Premium: Shares trading at a ₹1.5 premium.
• Funds Usage: Proceeds for facility expansion and debt repayment.

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