PS Raj Steels IPO
Open SmeCurrent GMP
₹3 (+2.14%)
Price Band
₹ 132 – 140
Lot Size
1000
Issue Size
₹28.28 Cr
Minimum Investment
₹280000 (2000 Shares)
Listing Date
19 February 2025
Subscription
9.89x
About the Company
PS Raj Steels Limited was incorporated on November 9, 2004, as ‘P S Raj Steels Private Limited’ under the Companies Act, 1956. The company converted into a public limited entity on May 17, 2024, and was renamed to P S Raj Steels Limited on August 6, 2024, after passing a special resolution.
Business Overview:
PS Raj Steels is a leading manufacturer and supplier of stainless-steel pipes and tubes in India. Their product range includes:
- Outer Diameter (OD) Pipes (½ inch to 18 inches)
- Nominal Bore (NB) Pipes (3/8 inch to 18 inches)
- Section Pipes (square, rectangular, oval shapes)
- Slotted Pipes
The company offers more than 250 standard sizes and also provides customized solutions. Additionally, a significant portion of their revenue (approximately 29.81% as of March 31, 2024, and 25.42% as of September 30, 2024) comes from trading in stainless-steel coils, strips, sheets, plates, and bars.
Applications:
PS Raj Steels’ products are widely used in various sectors including railways, furniture, households, gates, door frames, rice plants, sugar mills, food processing, and heat exchangers. They supply to manufacturers in industries like sugar, rice, food processing, and machinery.
Infrastructure:
The company’s manufacturing unit, located in Hisar, Haryana, spans three acres and has an annual installation capacity of 13,460 metric tons. Equipped with advanced machinery, it caters to bulk client requirements.
Business Locations:
- Manufacturing Facility: Talwandi Rukka, Hisar, Haryana
- Corporate Office: IDC, Hisar, Haryana
- Delhi Marketing Office: Rani Jhansi Road, Delhi
This robust infrastructure and diverse product offerings make PS Raj Steels a significant player in the stainless-steel industry.
Promoters
- Mr Raj Kumar Gupta
- Mr Deepak Kumar
- Mr Gaurav Gupta
- Mr Vishal Gupta
- Ms Nikita Gupta
- M/s Raj Kumar HUF
- M/s Deepak Kumar HUF
- M/s Gaurav Gupta HUF
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
0.00%
Objects of the Issue
The company intends to utilize the proceeds of the Issue to meet the following objectives: -
- To meet the working capital requirements of the Company
Address / Contact Info
PS Raj Steels Limited
V & P.O Talwandi Rukka,
Hisar-125001, Haryana
Phone: +91-9812700024
Email: cs@psrajsteels.com
Website: http://www.pssrgroup.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 12 February 2025
IPO Close Date
Friday, 14 February 2025
Basis of Allotment
Monday, 17 February 2025
Initiation of Refunds
Tuesday, 18 February 2025
Credit of Shares to Demat
Tuesday, 18 February 2025
Listing Date
Wednesday, 19 February 2025 — NSE & BSE
Important Dates
Open Date
12 February 2025
Close Date
14 February 2025
Basis Of Allotment
17 February 2025
Listing Date
19 February 2025
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 55.36 | 52.07 | 74.12 | 45.94 |
| Revenue | 139.12 | 297.76 | 225.44 | 179.89 |
| Profit After Tax | 3.87 | 6.36 | 3.65 | 3.57 |
| Net Worth | 34.43 | 30.6 | 24.3 | 20.65 |
| Reserve & Surplus | 28.91 | 29.99 | 23.69 | 20.04 |
| Total Borrowings | 17.25 | 17.8 | 18.02 | 17.09 |
EPS Pre
11.53%
EPS Post
10.26%
P/E Pre
12.14
P/E (Post Issue)
13.65x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 20.79 |
| ROCE % | 20.64 |
| Debt / Equity | 0.58 |
| RoNW % | 20.79 |
| PbW | 0 |
| Pat Margin % | 2.14 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 380000 | 28.15 | 0 |
| Non-Institutional | 285000 | 21.11 | 0 |
| Retail Investors | 665000 | 49.26 | 0 |
| Employees | 20000 | 1.48 | 0 |
| Total | 1350000 | 100 | 0 |
Subscription Status ( Fri, 14 Feb 25 01:17 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 380000 | 460000 | 1.21x |
| Non-Institutional | 285000 | 6198000 | 21.75x |
| Retail Investors | 665000 | 6675000 | 10.04x |
| Employees | 20000 | 24000 | 1.2x |
| Total | 1350000 | 13357000 | 9.89x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | 140,000.00 |
| Retail (Max) | 1 | 1,000 | 140,000.00 |
| S-HNI (Min) | 2 | 2,000 | 280,000.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Khambatta Securities Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
PS Raj Steels IPO is a Book-building IPO worth ₹28.28 crores. The price band is ₹132 to 140 per share. The IPO opens on Wed, Feb 12, 2025 and closes on Fri, Feb 14, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The PS Raj Steels IPO opens on Wed, Feb 12, 2025 and closes on Fri, Feb 14, 2025
PS Raj Steels IPO Price Band is ₹132 to 140.
PS Raj Steels IPO lot size is 1000, and the minimum amount required for application is ₹280000.
The minimum investment for PS Raj Steels IPO is approximately ₹280000 based on the upper price band.
To apply for the PS Raj Steels IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Feb 14, 2025. After submission, funds are blocked until the basis of allotment of PS Raj Steels IPO is finalised.
PS Raj Steels IPO issue size is ₹28.28 crores.
PS Raj Steels IPO allotment date is Sat, Jun 27, 2026.
The registrar for PS Raj Steels IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to PS Raj Steels IPO through their official website or helpline.
The PS Raj Steels IPO GMP (Grey Market Premium) is ₹3 as of Wed, Feb 19, 2025. Based on the upper price band of ₹140 per share, the estimated PS Raj Steels IPO listing price is ₹143, indicating a potential listing gain of approximately 31% over the issue price.