Promoters’ details
Mr. Raj Kumar Gupta, Mr. Deepak Kumar, Mr. Vishal Gupta, and Mr. Gaurav Gupta are the company’s promoters. They are qualified professionals and they also have experience of 50 years in the field of Steel Pipes & Tubes industry. They have been famous as the core members since the company started.
Lead Managers
Khambatta Securities Limited is in charge of managing the offer, and Bigshare Services Private Limited is responsible for handling the registration process.
Funds utilizations
A total of Rs 23.5 crore proceeds will be utilized for working capital requirements such as margin money. The rest of the money would be utilized for IPO expenses itself.
About Company
Hisar-based P S Raj Steel Company is one of the fastest and strongest companies in terms of pipe and tubes in India. Moreover, PSSR caters to around 250 different sizes of NB (Nominal Bore) and OD (Outer Diameter) series. This firm also has an advanced peer group due to providing larger diameter pipes and special sizes for various manufacturers. It is fruitful for various industries like railways, furniture, households, gates, door frames, rice plants, sugar mills, food processing, and heat exchangers with approx 70% of products going to fabrication, while 30% are used in industrial applications.
Further, this firm has around 13,460 metric tons per year, covering 3 acres of manufacturing unit capacity in Hisar and Haryana.
Additionally, this company sells its finished products which have a PSSR” brand” in 19 different states across India including Uttar Pradesh, Haryana, Punjab, Madhya Pradesh, Delhi, and Rajasthan.
PSSR mainly received its raw materials from one of the biggest stainless steel producers in India named “Jindal Stainless Limited (JSL)” and has 12 years of strong relationships with JSL.
Financially, this firm has revenue of Rs 297.74 crore and PAT(Profit After Tax) Rs. 6.36 crore in fiscal year 2024. This is more than 2023 as revenue was Rs. 225.42 crore and PAT was Rs. 3.65 crore.
