PS Raj Steels Limited IPO
NSE SMEListed On: Feb 19, 2025 at ₹ 145.0
₹ 280000 /2000 Shares
*Min Investment
12 Feb, 2025
Open Date14 Feb, 2025
Close Date17 Feb, 2025
Allotment Date19 Feb, 2025
Listing DatePS Raj Steels IPO Issue Details
- Issue Price ₹132-140 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 20,20,000 shares(aggregating up to ₹28.28 crore)
- Fresh Share 20,20,000 shares(aggregating up to ₹28.28 crore)
- Listing at NSE SME
- List Price 145.0
- Listing Date 2025-02-19
- Lead Manager Khambatta Securities Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1000 | ₹1,40,000 |
| Retail(max) | 1 | 1000 | ₹1,40,000 |
| NII (min) | 2 | 2,000 | ₹2,80,000 |
PS Raj Steels IPO Reservation
PS Raj Steels IPO offers total 20,20,000 shares. Out of which 3,80,000 (18.81%) allocated to QIB, 2,85,000 (14.11%) allocated to NII,6,65,000 (32.92%) allocated to RII, NA (NA%) allocated to employees and 5,69,000 (28.17%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 5,69,000 (28.17%) | |
| Market Maker Shares Offered | 1,01,000 (5%) | |
| QIB Shares Offered | 3,80,000 (18.81%) | |
| NII (HNI) Shares Offered | 2,85,000 (14.11%) | |
| Retail Shares Offered | 6,65,000 (32.92%) | |
| Total Shares Offered | 20,20,000 (100%) |
PS Raj Steels IPO Details
PS Raj Steels Limited IPO is an SME IPO, priced at ₹132-140 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 20,20,000 equity shares, aggregating up to ₹28.28 crores..
The IPO bidding window is open from Feb 12, 2025 to Feb 14, 2025. The allotment is expected to be finalized on Feb 17, 2025, and the tentative listing date is Feb 19, 2025.
The minimum lot size for retail investors is 1000 shares, with a minimum investment of ₹1,40,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,80,000.
Khambatta Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Nikunj Stock Brokers Limited will act as the market maker for this issue.
PS Raj Steels IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 3,80,000 / 2,85,000 | 6,65,000 | 13,50,000 |
Day 1 12-02-25 06:00 PM | 0.79 / 3.72 x | 1.96 x | 1.98 x |
Day 2 13-02-25 06:00 PM | 0.79 / 12.25 x | 5.37 x | 5.47 x |
Day 3 14-02-25 06:00 PM | 1.21 / 21.75 x | 10.04 x | 9.89 x |
PS Raj Steels Valuations
PS Raj Steels Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 52.07 | 74.12 | 45.94 |
| Revenue | 297.76 | 225.44 | 179.89 |
| Profit After Tax | 6.36 | 3.65 | 3.57 |
| Net Worth | 30.6 | 24.3 | 20.65 |
| Reserves & Surplus | 29.99 | 23.69 | 20.04 |
| Total Borrowing | 17.8 | 18.02 | 17.09 |
About PS Raj Steels Company
Incorporated in November 2004, PS Raj Steels Limited is an India-based company engaged in the manufacturing and supply of stainless steel pipes and tubes.
The company offers the following:
Outer Diameter (OD) Pipes from ½ inch to 18 inches
Nominal Bore (NB) Pipes from 3/8 inch to 18 inches
Section Pipes square, rectangular and oval shape
Slotted Pipes.
The company's products cater to a variety of sectors, such as railways, furniture, households, gate railing, door frames, rice plants, sugar mills, food processing, and heat exchangers.
The manufacturing unit of the company is located in Hissar, Haryana, and spans an area of 3 acres.
The company has a network of distribution in 18 Indian states and deals directly with OEMs for prompt deliveries and customized solutions.
The company has a strong network of 77 dealers spread across the different states of the country.
As of January 31, 2025, the company employs a total of 114 employees, including non-contract labor.
PS Raj Steels - Promoter(s)
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.
Pre Issue Share Holding : 100%
Post Issue Share Holding : %
PS Raj Steels IPO - Issue Objectives
To meet the working capital requirements of the Company
PS Raj Steels IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| PS Raj Steels Limited | 11.53 | 11.53 | 55.45 | N/A | 20.79 | 2.55 | Standalone |
| Remi Edelstahl Tubulars Limited | 1.26 | 1.26 | 39.57 | 79.37 | 3.2 | 1.77 | Consolidated |
| Venus Pipes & Tubes Limited | 42.36 | 42.36 | 200.09 | 31.82 | 21.17 | 9.46 | Consolidated |
| Suraj Ltd. | 11.9 | 11.9 | 66.68 | 34.45 | 17.84 | 3.3 | Consolidated |
Notes:
- P/E figures for the peer group are computed based on closing market prices as on February 01, 2025, available at www.bseindia.com, divided by Basic EPS for FY 2024 reported in the filings made with stock exchanges.
- Return on Net Worth (%) = Net profit after tax * 100 / Net worth at the end of the year.
- Net Asset Value per share = Net worth at the end of the year / No. of shares outstanding at the end of the year.
Contact Details
PS Raj Steels
V & P.O, Talwandi Rukka, Hisar-125001
+91-9812700024
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
PS Raj Steels IPO - FAQs
Ans. PS Raj Steels Limited IPO is a SME IPO. The issue is priced at ₹132-140 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on Feb 12, 2025, and closes on Feb 14, 2025. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The PS Raj Steels Limited IPO opens on Feb 12, 2025 and closes on Feb 14, 2025.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of PS Raj Steels Limited IPO is 20,20,000 shares(aggregating up to ₹28.28 Cr).
Ans. The PS Raj Steels Limited IPO price band is set between ₹132-140 per equity share.
Ans. To apply for PS Raj Steels Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find PS Raj Steels Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of PS Raj Steels Limited IPO is Feb 17, 2025.
Ans. The PS Raj Steels Limited IPO will be listed on Feb 19, 2025.
Ans. Follow the steps to check the PS Raj Steels Limited IPO allotment status online.
