PS Raj Steels IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Wed, 12 Feb 2025
Close Date
Fri, 14 Feb 2025
Price Band
₹ 132 – 140
Lot Size
1000
Issue Size
₹ 28.28 Cr
Minimum Investment
₹ 280,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
PS Raj Steels IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹28.28 Crore, comprising a fresh issue of 20.20 Lakh equity shares aggregating to ₹28.28 Crore.
The PS Raj Steels IPO remained open for subscription from February 12, 2025, to February 14, 2025. The basis of allotment was finalized on February 17, 2025, and the company's shares were listed on NSE SME Platform on February 19, 2025.
The company had fixed the price band at ₹132 to ₹140 per share, with a lot size of 1000 shares. Retail investors were required to make a minimum investment of ₹280,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Khambatta Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, PS Raj Steels Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
PS Raj Steels IPO Timeline (Tentative)
- IPO Open Date
- Wed, 12 Feb 25
- IPO Close Date
- Fri, 14 Feb 25
- Basis of Allotment
- Mon, 17 Feb 25
- Initiation of Refunds
- Tue, 18 Feb 25
- Credit of Shares to Demat
- Tue, 18 Feb 25
- Listing Date
- Wed, 19 Feb 25 — NSE & BSE
Open Date
12 February 2025
Close Date
14 February 2025
Basis Of Allotment
17 February 2025
Listing Date
19 February 2025
IPO Subscription
Check Live Subscription →The PS Raj Steels IPO has received bids for 1,33,57,000 shares against 13,50,000 shares offered, resulting in an overall subscription of 9.89x. the NII category is subscribed 21.75x, Retail Investors 10.04x, Employees 1.2x, and QIBs 1.21x.
QIB
1.21x
NII
21.75x
RII
10.04x
EMP
1.2x
Total
9.89x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 6,65,000 shares, representing 49.26% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 3,80,000 shares (28.15%), while Non-Institutional Investors (NIIs) receive 2,85,000 shares (21.11%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 380,000 | 28.15% |
| Non-Institutional | 285,000 | 21.11% |
| Retail Investors | 665,000 | 49.26% |
| Employees | 20,000 | 1.48% |
| Total | 1,350,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
PS Raj Steels Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 20.79 |
| ROCE % | 20.64 |
| Debt / Equity | 0.58 |
| RoNW % | 20.79 |
| Pat Margin % | 2.14 |
Peers Comparison
No Peer Comparision Available
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
PS Raj Steels Limited Address / Contact Details
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
PS Raj Steels IPO Lot Size
The PS Raj Steels IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹1,40,000 by applying for 1 lot (1,000 shares). The maximum application allowed for the retail category is 1 lots (1,000 shares), requiring an investment of ₹1,40,000.
| 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 |
Issue Reservation
- QIB — 28.15%
- NII — 21.11%
- RII — 49.26%
- EMP — 1.48%
Book Running Lead Managers
- Khambatta Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the PS Raj Steels 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.
When will the PS Raj Steels IPO open for subscription?
The PS Raj Steels IPO opens on Wed, Feb 12, 2025 and closes on Fri, Feb 14, 2025
What is PS Raj Steels IPO Price Band?
PS Raj Steels IPO Price Band is ₹132 to 140 per share.
What is PS Raj Steels IPO Lot Size?
PS Raj Steels IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹280000 based on the upper price band
What is the minimum investment for PS Raj Steels IPO?
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.
How to apply for PS Raj Steels IPO?
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.
What is PS Raj Steels IPO Issue Size?
PS Raj Steels IPO issue size is ₹28.28 crores.
What is the PS Raj Steels IPO Allotment Date?
PS Raj Steels IPO allotment date is Mon, Feb 17, 2025.
Who is the PS Raj Steels IPO Registrar?
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.
What is the PS Raj Steels IPO GMP?
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 2.14% over the issue price.
Who is the PS Raj Steels IPO Lead Manager?
The book-running lead managers (BRLMs) for the PS Raj Steels IPO are Khambatta Securities Limited . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the PS Raj Steels IPO Red Herring Prospectus (RHP).