PS Raj Steels IPO Subscription Status – IPO Closed

PS Raj Steels IPO subscription status started on Wednesday February 12, 2025 and will close on February 14, 2025. PS Raj Steels IPO to raise around ₹28.28 crores via IPO. The retail quota is 35%, QIB is 50% and NII is 15%. The price band is fixed at ₹132 to ₹140 per equity share.

The PS Raj Steels IPO minimum market lot is 1000 shares with ₹1,40,000 application amount. The PS Raj Steels IPO is a SME IPO, and it is to be listed on NSE.

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.


IPOWatch View

We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.

PS Raj Steels IPO Subscription Status – Day 3

CategoryDay 1Day 2Day 3
QIB0.790.791.21
NII3.7212.2421.39
RII1.945.3410.03
Total1.975.469.82


PS Raj Steels IPO Investor Categories

  • Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
  • Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
  • Retail Individual Investors (RII): Retail Individual Investors or NRIs
  • Employee (EMP): Eligible Employees
  • Others: Eligible Shareholders

PS Raj Steels IPO Review and Rating

  • May Apply For Long-term View

PS Raj Steels IPO Form

How to apply for the PS Raj Steels IPO? You can apply for PS Raj Steels IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the PS Raj Steels IPO in the Invest section. The other option is you can apply for PS Raj Steels IPO via IPO forms downloaded online. Check out the PS Raj Steels forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.

PS Raj Steels IPO Subscription Status FAQs:


When PS Raj Steels IPO Subscription will start?

The IPO subscription starts on February 12, 2025 for QIB, NII, and Retail Investors.

How to subscribe PS Raj Steels IPO?

You can go with ASBA and Non-ASBA options for a subscription. Go to your bank account and apply for IPO online via ASBA or download the form online or get the physical form and submit the filled form to your broker or bank.

How do I check live PS Raj Steels IPO Subscription Numbers Today?

One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official websites. One can check the live subscription on official websites on the particular IPO page.

How to Apply the PS Raj Steels IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “PS Raj Steels “. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the PS Raj Steels IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “PS Raj Steels “. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the PS Raj Steels IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “PS Raj Steels ” Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

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