PS Raj Steels IPO Date, Review, Price, Allotment Details

PS Raj Steels IPO open date is February 12, 2025 and the IPO will close on February 14, 2025. PS Raj Steels IPO is a Book Built Issue. The company to raise around ₹28.28 crores via IPO that comprises fresh issue of ₹28.28 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

PS Raj Steels IPO price band is ₹132 to ₹140 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. PS Raj Steels IPO to list on NSE on February 19, 2025. The allotment of PS Raj Steels IPO date is February 17, 2025.

The company reported revenue of ₹297.76 crores in 2024 against ₹225.44 crore in 2023. The company reported profit of ₹6.36 crores in 2024 against profit of ₹3.65 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.

PS Raj Steels IPO

PS Raj Steels IPO Details

IPO Open Date:February 12, 2025
IPO Close Date:February 14, 2025
Face Value:₹10 Per Equity Share
IPO Price Band:₹132 to ₹140 Per Share
Issue Size:Approx ₹28.28 Crores
Fresh Issue:Approx ₹28.28 Crores
Issue Type:Book Built Issue
IPO Listing:NSE SME
Retail Quota:Not more than 35%
QIB Quota:Not more than 50%
NII Quota:Not more than 15%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

PS Raj Steels IPO Market Lot

The PS Raj Steels IPO minimum market lot is 1000 shares with ₹1,40,000 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum11000₹1,40,000
Retail Maximum11000₹1,40,000
S-HNI Minimum22000₹2,80,000

PS Raj Steels IPO Dates

The PS Raj Steels IPO date is February 12 and the close date is February 14. The PS Raj Steels IPO allotment will be finalized on February 17 and the IPO listing on February 19.

IPO Open Date:February 12, 2025
IPO Close Date:February 14, 2025
Basis of Allotment:February 17, 2025
Refunds:February 18, 2025
Credit to Demat Account:February 18, 2025
IPO Listing Date:February 19, 2025

Promoters of PS Raj Steels IPO

The promoters of the company are 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 and M/s Gaurav Gupta HUF.

About PS Raj Steels IPO

Founded in November 2004, P S Raj Steel Limited is one of the growing companies engaged in the manufacturing and supplier of stainless steel pipes and tubes in India. PS Raj Steel Company provides a comprehensive range of products including Outer Diameter pipes, Nominal bore pipes, Section pipes, and slotted pipes. Their products cater to a wide range of sectors, 70% of products for fabrication and 30% in industrial applications that include railways, furniture, households, gate railing, door frames, rice plants, sugar mills, food processing heat exchangers, etc. The company comprises of large manufacturing unit that can produce up to 13,460 metric tons per year, covering an area of three acres in Hisar, Haryana. P S Raj Steel Limited is renowned for being one of the few manufacturers of pipes and tubes providing over 250 standard sizes of customized products curated according to the customer’s preferences.

PS Raj Steels IPO Company Financial Report

The company reported revenue of ₹297.76 crores in 2024 against ₹225.44 crore in 2023. The company reported profit of ₹6.36 crores in 2024 against profit of ₹3.65 crores in 2023.

Amount ₹ in Crores

Period EndedRevenueExpenseProfit After TaxAssets
2022₹179.89₹175.17₹3.57₹45.94
2023₹225.44₹220.56₹3.65₹74.12
2024₹297.76₹289.29₹6.36₹52.07
September 2024₹139.12₹133.95₹3.87₹55.36

PS Raj Steels IPO Valuation – FY2024

Check PS Raj Steels IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

KPIValues
ROE:20.79%
ROCE:20.64%
EBITDA Margin:3.63%
PAT Margin:2.14%
Debt to equity ratio:0.58
Earning Per Share (EPS):₹11.53 (Basic)
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):20.79%
Net Asset Value (NAV):₹55.45

Peer Group Comparison

CompanyEPSPE RatioRoNW %NAVIncome
Remi Edelstahl Tubular Limited1.2679.373.20%39.57118.33 Cr.
Venus Pipes & Tubes Limited42.3631.8221.17%200.09805.38 Cr.
Suraj Limited11.9034.4517.84%66.68334.12 Cr.

Objects of the Issue

  • To meet the working capital requirements of the Company

PS Raj Steels IPO Review

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PS Raj Steels IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/IPO_Status.html

IPO Lead Managers aka Merchant Bankers

  • Khambatta Securities Limited

Company Address

PS Raj Steels Limited
V & P.O
Talwandi Rukka
Hisar-125001
Phone: +91-9812700024
Email: [email protected]
Website: http://www.pssrgroup.com/

PS Raj Steels IPO FAQs

What is PS Raj Steels IPO?

PS Raj Steels IPO is a SME IPO. The company is going to raise ₹28.28 Crores via IPO. The issue is priced at ₹132 to ₹140 per equity share. The IPO is to be listed on NSE.

When PS Raj Steels IPO will open for subscription?

The IPO is to open on February 12, 2025 for QIB, NII, and Retail Investors. The IPO will close on February 14, 2025.

What is PS Raj Steels IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the PS Raj Steels IPO?

You can apply for PS Raj Steels IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is PS Raj Steels IPO Issue Size?

PS Raj Steels IPO issue size is ₹28.28 crores.

What is PS Raj Steels IPO Price Band?

PS Raj Steels IPO Price Band is ₹132 to ₹140.

What is PS Raj Steels IPO Lot Size?

The minimum bid is 1000 Shares with ₹1,40,000 amount.

What is the PS Raj Steels IPO Allotment Date?

PS Raj Steels IPO allotment date is February 17, 2025.

What is the PS Raj Steels IPO Listing Date?

PS Raj Steels IPO listing date is February 19, 2025. The IPO is to list on NSE.

Note: The PS Raj Steels IPO price band and date are officially announced. The (PS Raj Steels IPO grey market premium) will be added to the IPO GMP page as it will start).
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