P S Raj Steels Ltd
Price Range
₹132 - ₹140
Min. Quantity
1,000
Closes on
14 February 2025
Min. investment
₹1,40,000/1,000 Shares
P S Raj Steels Ltd IPO Timeline
P S Raj Steels Limited was originally incorporated as P S Raj Steels Private Limited' as a Private Company on November 09, 2004 pursuant to a Certificate of Incorporation issued by the Registrar of Companies. Thereafter, the status of the Company was converted into a Public Company and the name changed to P S Raj Steels Limited' following a fresh Certificate of Incorporation on August 06, 2024 issued by Registrar of Companies, NCT of Delhi and Haryana. The Company operate primarily in manufacturing Stainless Steel Pipes & Tubes. Key sectors include railways, furniture, households, gate railing, door frames, rice plants, sugar mills, food processing, heat exchanger etc.
| Event | Date |
|---|---|
| P S Raj Steels Ltd IPO Opening Date | 12 February 2025 |
| P S Raj Steels Ltd IPO Closing Date | 14 February 2025 |
| Basis of Allotment | 17 February 2025 |
| Initiation of Refunds | 18 February 2025 |
| Credit of Shares to Demat | 18 February 2025 |
| P S Raj Steels Ltd IPO Listing Date | 19 February 2025 |
P S Raj Steels Ltd IPO Details
| P S Raj Steels Ltd IPO Date | 12 February 2025 to 14 February 2025 |
| P S Raj Steels Ltd IPO Face Value | ₹10 per share |
| P S Raj Steels Ltd IPO Price | ₹132 to ₹140 per share |
| P S Raj Steels Ltd IPO Lot Size | 1,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹28.28 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹28.28 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | Not more than 3,80,000 of the Net Offer |
| Retail Shares Offered | Not less than 6,65,000 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 2,85,000 of the Net Offer |
| Company Promoters | Raj Kumar Gupta, Deepak Kumar, Gaurav Gupta |
P S Raj Steels Ltd IPO Lot Size
The P S Raj Steels Ltd IPO lot size is 1,000 shares. A retail-individual investor can apply for up to 1 lots (1,000 shares or ₹1,40,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,000 | ₹1,40,000 |
| Maximum | 1 | 1,000 | ₹1,40,000 |
- Strengths
- Risks
- Opportunities
- Strong, experienced and dedicated senior management team and qualified workforce.
- Long term relationship with Jindal Stainless Limited.
- Cost effective supply chain.
- Ability to provide good quality services and customer satisfaction.
- Ability to scout for new opportunities and capitalising the same.
- Consistent track record of growth and financial performance.
- Well known name in Stainless Steel Pipes & Tubes.
- Geographical presence in more than 18 states of India.
- Ability to serve diverse customer needs.
Company Financials
P S Raj Steels Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 52.07 | 297.76 | 6.36 |
| 03-2023 | 74.12 | 225.44 | 3.65 |
| 03-2022 | 45.94 | 179.89 | 3.57 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Working Capital Requirement including margin money
P S Raj Steels Ltd IPO Promoter Holding
| Pre Issue Share Holding | 19.51% |
| Post Issue Share Holding | 14.28% |
P S Raj Steels Ltd IPO Subscription Status (Bidding Detail)
The P S Raj Steels Ltd IPO is subscribed 9.2054 times on 14 February 2025 05:00:00 PM. The public issue subscribed 10.0376 times in the retail category, 1.2105 times in the QIB category, and 21.7474 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 1.2105 | 21.7474 | 10.0376 | 1.2 | 9.2054 |
P S Raj Steels Ltd IPO Prospectus
P S Raj Steels Ltd IPO Listing Date
| Listing Date | 19 February 2025 |
| BSE Script | 93995 |
| NSE Symbol | PSRAJ |
| Listing In | NSE - SME |
| ISIN | INE0XUS01012 |
| IPO Price | ₹140 |
| Face Value | ₹10 |
Company Contact Information
V & P.O Talwandi Rukka,Hissar-125001
Phone: +91 98127 00024
Email: cs@psrajsteels.com
Website: www.pssrgroup.com
P S Raj Steels Ltd IPO Registrar
P S Raj Steels Ltd IPO Lead Manager(s)
- Khambatta Securities Ltd
FAQ
What is the issue size of P S Raj Steels Ltd IPO?
I have pre-applied for P S Raj Steels Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.