PS Raj Steels IPO subscription started on Wednesday, February 12, 2025, and will close on February 14, 2025, as per the schedule. The price band is set at ₹132 to ₹140 per share with a face value of ₹10.
PS Raj Steels IPO Subscription Status
PS Raj Steels IPO Subscribed over 1.97x on its First day till 5.00 PM on February 12th, 2025.
- PS Raj Steels IPO subscription QIB investors’ portion was 0.79 times, while NII subscribers subscribed 3.72 times, and RII investors subscribed 1.94 times.
- The company has received bids for 26,57,000 shares against 13,50,000 on offer for the First-day subscription.
- PS Raj Steels IPO subscribed over 1.97x on its First day.
About PS Raj Steels Company
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 Financial Report
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.
PS Raj Steels IPO GMP
PS Raj Steels IPO GMP was ₹10 as of Wednesday, 12th February 2025. That indicates the IPO is trading at ₹150 with ₹10 premium in the grey market against the issue price of ₹140.
