PS Raj Steels IPO Subscribed overall 9.82 times on the last day, a retail quota was subscribed over 10.04 times, NII was subscribed over 21.39 times, and QIB was 1.21 respectively.
Details About PS Raj Steels IPO
PS Raj Steels got approval from SEBI for an IPO of around ₹28.28 crores. PS Raj Steels IPO is fully a fresh issue of ₹28.28 crores with a face value of Rs 10 each. Further, PS Raj Steels had a set price band between ₹132 to ₹140 Per Share.
In PS Raj Steels IPO 1000 shares were in 1 lot size for retail minimum and maximum category as well. Moreover, 2,000 shares were in 2 lot sizes for the S-HNI category.
To invest in PS Raj Steels IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,40,000.
- SHNI (S-HNI): Minimum investment of ₹2,80,000.
PS Raj Steels IPO’s Subscription Duration
PS Raj Steels IPO was started on February 12, 2025, and closed on February 14th, 2025. The PS Raj Steels IPO’s allotment date was February 17, 2025, and they received a refund on February 18, 2025. While PS Raj Steels’s listing date is February 19, 2025.
PS Raj Steels IPO funds deployment
- PS Raj Steel funds will be utilized towards the company’s working capital requirement.
About PS Raj Steels Company
PS Raj Steel Company offers a diverse selection of products, including Outer Diameter pipes, Nominal bore pipes, Section pipes, and slotted pipes. Their offerings serve various industries, with 70% of the products used for fabrication and the remaining 30% utilized in industrial applications. These applications span sectors such as railways, furniture, household items, gate railings, door frames, rice mills, sugar mills, food processing, and heat exchangers. 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.
Financial Resort of the PS Raj Steels Company
The company reported revenue of ₹297.76 crores in 2024 against ₹225.44 crores in 2023. The company reported a profit of ₹6.36 crores in 2024 against a profit of ₹3.65 crores in 2023.
