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.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 1000 | ₹1,40,000 |
Retail Maximum | 1 | 1000 | ₹1,40,000 |
S-HNI Minimum | 2 | 2000 | ₹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 Ended | Revenue | Expense | Profit After Tax | Assets |
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.
KPI | Values |
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
Company | EPS | PE Ratio | RoNW % | NAV | Income |
Remi Edelstahl Tubular Limited | 1.26 | 79.37 | 3.20% | 39.57 | 118.33 Cr. |
Venus Pipes & Tubes Limited | 42.36 | 31.82 | 21.17% | 200.09 | 805.38 Cr. |
Suraj Limited | 11.90 | 34.45 | 17.84% | 66.68 | 334.12 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/
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