PS Raj Steels IPO Details
The PS Raj Steels IPO is a book build issue with a total issue size of ₹28.28 cr, comprising of fresh issue of 2020000 equity shares. PS Raj Steels IPO opened for subscription on Feb 12, 2025 and closed on Feb 14, 2025. PS Raj Steels IPO is set price band at ₹132 to ₹140 per share, with a lot size of 1000 shares. Minimum investment for Retail investors was ₹280,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Feb 17, 2025, and listed on the NSE on Feb 19, 2025.
Bigshare Services Pvt Ltd has been appointed as the registrar. **Khambatta Securities Limited ** are the Book Running Lead Manager for the issue.
Before investing in the PS Raj Steels IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 132 – 140
- Lot Size
- 1000
- Issue Size
- ₹28.28 Cr
- Minimum Investment
- ₹280000 (2000 Shares)
- Listing Date
- 19 February 2025
Current GMP
₹3 (+2.14%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About PS Raj Steels Limited
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.
PS Raj Steels IPO 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%
PS Raj Steels IPO Objective
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
Book Running Lead Managers
- Khambatta Securities Limited
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 with a total issue size of ₹28.28 crore. The PS Raj Steels IPO price band is ₹132 to 140 per share. The PS Raj Steels IPO subscription opens on Wed, Feb 12, 2025, and closes on Fri, Feb 14, 2025. The PS Raj Steels IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the PS Raj Steels IPO.
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 per share.
PS Raj Steels IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹280000 based on the upper price band
The minimum investment for PS Raj Steels IPO is ₹280000, based on one lot of 1000 shares at the upper price band of ₹140 per share.
Investors can apply for the PS Raj Steels IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Feb 14, 2025. The application amount remains blocked until the PS Raj Steels IPO allotment is finalized.
PS Raj Steels IPO issue size is ₹28.28 crores.
PS Raj Steels IPO allotment date is Wed, Jul 1, 2026.
The registrar for PS Raj Steels IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check PS Raj Steels IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.