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
- 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
-
Feb 12, 2025
Open Date
Completed
-
Feb 14, 2025
Close Date
Completed
-
Feb 17, 2025
Allotment Date
Completed
-
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 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
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:
- 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 Information
Contact Details
PS Raj Steels
+91-9812700024
V & P.O, Talwandi Rukka, Hisar-125001
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
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.