PS Raj Steels IPO

PS Raj Steels is an NSE SME IPO listed on the NSE SME platform, priced at ₹132–₹140 per share. The stock debuted at ₹145, delivering a listing gain of 3.6%. The IPO had a lot size of ₹1000 shares and a minimum investment of ₹1,40,000.

PS Raj Steels Limited IPO

NSE SME Listed
₹1,40,000 (1000 Shares)
Minimum Investment
Check Allotment
IPO Dates
Feb 12, 2025 – Feb 14, 2025
Price band
₹132-140 per equity share
Minimum Investment
₹1,40,000
Issue size
₹28.28 Cr
Lot size
1000
Allotment Date
Feb 17, 2025
Listing
Feb 19, 2025
Listing At
NSE SME

IPO timeline

  1. Feb 12, 2025

    Open Date

    Completed

  2. Feb 14, 2025

    Close Date

    Completed

  3. Feb 17, 2025

    Allotment Date

    Completed

  4. Feb 19, 2025

    Listing Date

    Completed

PS Raj Steels IPO Essentials

PS Raj Steels IPO Details

PS Raj Steels IPO is priced at ₹132-140 per share with a total issue size of 28.28 crore. The IPO has a lot size of 1000 shares and is listed on NSE SME.

Issue price
₹132-140 per equity share
Lot size
1000 shares
Face value
₹10 Per Equity Share
Issue size
20,20,000 shares(aggregating up to ₹28.28 Cr)
Total issue size
20,20,000 shares
(aggregating up to ₹28.28 crore)
Fresh issue
20,20,000 shares
(aggregating up to ₹28.28 crore)
Listing at
NSE SME
List price
145.0
Listing date
Registrar
Bigshare Services Pvt Ltd
Lead manager
Khambatta Securities Limited

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 Documents

PS Raj Steels IPO Reservation

PS Raj Steels IPO reservation details show category-wise allocation of shares. Out of the total 20,20,000 shares, approximately 18.81% are reserved for QIB, 14.11% for NII, 32.92% for retail investors, 5% for market maker, and 28.17% for 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 Analytics

PS Raj Steels IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.

PS Raj Steels IPO Subscription Status

PS Raj Steels IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.

The IPO subscription status indicates investor demand across categories.

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

Earnings

EPS Pre IPO
₹11.53/-
EPS Post IPO
₹10.26/-
P/E Pre IPO
12.14
P/E Post IPO
13.65

Returns

ROE
20.79%
ROCE
20.64%
RoNW
20.79%
PAT Margin
2.14

Fundamentals

Debt / Equity
0.58
Price / Book
2.52

Data sourced from DRHP / RHP • For educational purposes only

PS Raj Steels Financials( In Crs.)

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

PS Raj Steels Company & Offer Insights

About PS Raj Steels

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. are the company's promoters of PS Raj Steels.

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:

  1. 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.
  2. Return on Net Worth (%) = Net profit after tax * 100 / Net worth at the end of the year.
  3. Net Asset Value per share = Net worth at the end of the year / No. of shares outstanding at the end of the year.

Contact Information

Contact Details

PS Raj Steels

+91-9812700024

cs@psrajsteels.com

http://www.pssrgroup.com/

V & P.O, Talwandi Rukka, Hisar-125001

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html

Frequently Asked Questions

Click any question to reveal the answer

PS Raj Steels IPO is a book-built IPO worth ₹28.28 crore. The price band is ₹132–₹140 per share. The IPO opens on Feb 12, 2025 and closes on Feb 14, 2025. It will be listed on NSE SME Platform. Bigshare Services Pvt Ltd is the registrar.

The price band of PS Raj Steels IPO is ₹132 to ₹140 per share.

The lot size of PS Raj Steels IPO is 1000 shares.

The minimum investment for PS Raj Steels IPO is approximately ₹1,40,000 based on the upper price band .

PS Raj Steels IPO opens on Feb 12, 2025 and closes on Feb 14, 2025.

The allotment date of PS Raj Steels IPO is Feb 17, 2025.

PS Raj Steels IPO is expected to be listed on Feb 19, 2025, on NSE SME Platform.

PS Raj Steels IPO valuation snapshot: P/E 13.65, EPS ₹10.26/-, P/B 2.52, RoNW 20.79%, and market cap N/A.

To apply for PS Raj Steels IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.

You can check the live subscription status of PS Raj Steels IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.

Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.

If you pre-apply for PS Raj Steels IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.

You can check PS Raj Steels IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the PS Raj Steels IPO allotment status on IPO Ji for quick and easy access.