PS Raj Steels Limited manufactures and supplies stainless steel pipes and tubes in India.
The company’s product range includes 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 shapes);
- Slotted Pipes.
The company’s products cater to various sectors, including railways, furniture, households, gate railing, door frames, rice plants, sugar mills, food processing, and heat exchangers.
The company’s manufacturing unit is situated in Hissar, Haryana and is spread across an area of 3 acres.
The company has a distribution network across 18 Indian states and engages directly with OEMs for timely deliveries and tailored solutions. PS Raj Steels 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 IPO – Details
| IPO Opening Date | 12 February 2025 |
| IPO Closing Date | 14 February 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 20,20,000 Shares Worth ₹28.28 Crore Fresh Issue: 20,20,000 Shares Worth ₹28.28 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹132 – ₹140 per share |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
PS Raj Steels IPO – Date Schedule
| IPO Open Date | 12 February 2025 |
| IPO Close Date | 14 February 2025 |
| Basis of Allotment | 17 February 2025 |
| Initiation of Refund | 18 February 2025 |
| Credit of Shares to Demat Account | 18 February 2025 |
| IPO Listing Date | 19 February 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 14, 2025 |
PS Raj Steels IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,40,000 |
| Retail (Max) | 1 | 1000 | ₹1,40,000 |
| HNI (Min) | 2 | 2000 | ₹2,80,000 |
Competitive Strengths
- Strong Distribution and Customer Focus.
- Experienced Promoters and senior management team.
- Integrated manufacturing facility.
- Long Association with the Stainless-Steel Industry.
Company Promoters
- 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
- M/s Gaurav Gupta HUF
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 179.89 | 175.17 | 3.57 | 17.09 |
| 31 March 2023 | 225.44 | 220.56 | 3.65 | 18.02 |
| 31 March 2024 | 297.76 | 289.29 | 6.36 | 17.80 |
| 31 December 2024 | 139.11 | 133.94 | 3.86 | 17.25 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 20.79% |
| ROCE | 20.64% |
| Debt/Equity | 0.58 |
| RoNW | 20.79% |
| PAT Margin | 2.14 |
| Price to Book Value | 2.52 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 11.53 | 10.26 |
| P/E (x) | 12.14 | 13.65 |
Object Of The Issue
- To meet the working capital requirements of the Company.
PS Raj Steels IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
PS Raj Steels IPO Prospectus
Company Contact Information
| PS Raj Steels Limited V & P.O Talwandi Rukka Hisar-125001 Phone: +91-9812700024 Email: cs@psrajsteels.com Website: http://www.pssrgroup.com/ |
PS Raj Steels IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
PS Raj Steels IPO Lead Manager(s)
| 1. Khambatta Securities Limited |
PS Raj Steels IPO FAQs
| What is PS Raj Steels IPO? PS Raj Steels IPO is a SME IPO. The issue is priced at ₹132 to ₹140 per equity share. The IPO is to be listed on NSE SME. |
| When PS Raj Steels IPO will open? The IPO is to open on 17 February 2025 for QIB, NII, and Retail Investors. |
| What is PS Raj Steels IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the PS Raj Steels IPO? You can apply PS Raj Steels IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the PS Raj Steels IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “PS Raj Steels IPO”. 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 Angle One. |
| How to Apply the PS Raj Steels IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “PS Raj Steels IPO“. 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 5 Paisa. |
| 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 IPO”. 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 IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “PS Raj Steels IPO“. 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 IIFL. |
| What is PS Raj Steels IPO Size? PS Raj Steels IPO size is ₹28.28 Crore. |
| What is the PS Raj Steels IPO Price Band? PS Raj Steels IPO Price Band is ₹132 to ₹140. |
| What is PS Raj Steels IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1000 Shares with ₹1,40,000 amount while the maximum bid is 1000 Shares with ₹1,40,000. |
| What is the PS Raj Steels IPO Allotment Date? PS Raj Steels IPO allotment date is 17 February 2025. |
| What is the PS Raj Steels IPO Listing Date? PS Raj Steels IPO listing date is 19 February 2025. The IPO is to be listed on NSE SME. |
