Expansion to include Stainless Steel Seamless Pipe unit
Rajputana Stainless Limited (RSL) of Gujarat said an approximately Rs.254.98 crore raised from the capital market through initial public offer (IPO) during 9-11 Mar is for growing business including a Rs.18.57 crore new manufacturing unit of ‘Stainless Steel Seamless Pipes’ to enhance its portfolio.
The company also exports its products to countries like the United States (USA), UAE, Turkey, Kuwait and Poland in addition to the Indian market.
The company’s products are used as raw materials in high-tech industries like aerospace, defense, automotive, aviation and oil & gas. As of September 2025, the company employs over 400 skilled employees.
The company, with price band of Rs.116 to Rs.122 per share, listed on BSE and NSE.
RSL is engaged in the manufacturing of long and flat stainless-steel products under its brand RSL. Its product portfolio includes billets, forging ingots, rolled black bars, rolled bright bars, flats, coils and other ancillary products. Offered in over 80 stainless steel grades.
The company operates on a B2B model, primarily catering to manufacturers and traders. Its products serve diverse industries such as seamless pipes, forging, wire manufacturing, engineering, casting, fasteners, vessels, pumps and shafts and the automotive sector.
A leading company with over three decades of strong business heritage in the niche stainless/specialty products sector, the mill is based in Panchmahal, Vadodara.
Established in 1991, Rajputana Stainless has vast experience in stainless steel long and flat products. The modern manufacturing unit spread over 35,196 sq m at Kalol, Gujarat is equipped with facilities like Induction Furnace, AOD, CCM and Rolling Mill.
The company has shown significant growth in the last few years:
• Total Revenue: Revenue was Rs.937.49 crore in FY25.
• Profit (PAT): Net profit at the end of March 2025 was Rs.39.85 crore, which has increased to Rs.24.41 crore in the half-year ended September 2025.
• Net Worth: The company’s net worth has increased to Rs.176.65 crore as of September 2025. Fiinews.com
