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
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.79 | 0.79 | 1.21 |
| NII | 3.72 | 12.24 | 21.39 |
| RII | 1.94 | 5.34 | 10.03 |
| Total | 1.97 | 5.46 | 9.82 |
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.
