The PS Raj Steels IPO opens for subscription on February 12, 2025, and closes on February 14, 2025. This book-built issue raises ₹28.28 crores through a fresh issue of 20.20 lakh shares.
The IPO is offered within a price band of ₹132 to ₹140 per share. The allotment is expected to be finalized on February 17, 2025, with the company’s listing on NSE SME scheduled for February 19, 2025.
Retail investors can apply for a minimum of 1,000 shares, requiring an investment of ₹1,40,000, while High Net-worth Individuals (HNIs) must invest in at least two lots (2,000 shares) amounting to ₹2,80,000.
Overview of Contents
PS Raj Steels IPO Overview
| Details | Information |
|---|---|
| Subscription Period | February 12, 2025 – February 14, 2025 |
| Tentative Listing Date | To be announced |
| Per Share Value | ₹10 per share |
| Price Range | ₹132 to ₹140 per share |
| Minimum Lot Size | 1,000 shares |
| Total Shares Offered | 20,20,000 shares (₹28.28 Cr) |
| Newly Issued Shares | 20,20,000 shares (₹28.28 Cr) |
| Offer Structure | Book Built Issue IPO |
| Exchange Platform | NSE SME |
| Pre-Issue Equity | 55,18,314 shares |
| Post-Issue Equity | 75,38,314 shares |
| Market Maker Allocation | 1,01,000 shares |
| DRHP | Click Here |
| RHP | Click here |
PS Raj Steels IPO Lot Size
Investors must place bids in multiples of 1,000 shares, with different investment thresholds for retail and High Net-worth Individual (HNI) applicants. The table below outlines the minimum and maximum investment requirements for both categories.
| Category | Lots | Shares | Investment Amount |
|---|---|---|---|
| Retail (Min & Max) | 1 | 1,000 | ₹1,40,000 |
| HNI (Minimum) | 2 | 2,000 | ₹2,80,000 |
About PS Raj Steels IPO
Founded in November 2004, PS Raj Steels Limited is a leading manufacturer and supplier of stainless steel pipes and tubes in India. The company offers a diverse product range, including Outer Diameter (OD) pipes, Nominal Bore (NB) pipes, section pipes in various shapes, and slotted pipes.
These products cater to multiple sectors, including railways, furniture, households, gate railings, door frames, rice plants, sugar mills, food processing, and heat exchangers. With a state-of-the-art manufacturing facility in Hisar, Haryana, spread across three acres, the company has an annual production capacity of 13,460 metric tons.
PS Raj Steels boasts a strong distribution network across 18 Indian states, working directly with OEMs and maintaining a network of 77 dealers. The company is recognized for its ability to provide over 250 standard sizes of customized products, ensuring timely deliveries and tailored solutions. With experienced promoters, an integrated manufacturing facility, and a dedicated workforce of 114 employees, PS Raj Steels continues to strengthen its position in the stainless steel industry.
PJ Raj Steels IPO Dates
The PS Raj Steels IPO follows a structured timeline, with key dates for subscription, allotment, refunds, and listing. Investors should take note of the UPI mandate confirmation deadline to ensure a smooth bidding process.
| Event | Date |
|---|---|
| Subscription Opens | Wednesday, February 12, 2025 |
| Subscription Closes | Friday, February 14, 2025 |
| Allotment Finalization | Monday, February 17, 2025 |
| Refund Initiation | Tuesday, February 18, 2025 |
| Shares Credited to Demat | Tuesday, February 18, 2025 |
| Expected Listing Date | Wednesday, February 19, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on February 14, 2025 |
PS Raj Steels IPO Reservation
The PS Raj Steels IPO follows a structured reservation framework, allocating shares among different investor categories.
| Investor Category | Allocation Percentage |
|---|---|
| Qualified Institutional Buyers (QIBs) | Up to 50% of the net issue |
| Retail Individual Investors (RIIs) | At least 35% of the net issue |
| Non-Institutional Investors (HNIs) | At least 15% of the net issue |
PS Raj Steels IPO Promoter Holding
PS Raj Steels is backed by a strong promoter group, ensuring stability and strategic direction for the company.
| Promoter Group | Shareholding (%) |
|---|---|
| Before IPO | 100.00% |
| After IPO | [To be updated] |
Objects of the Issue
- To meet the working capital requirements of the Company
PS Raj Steels IPO Anchor Investors
PS Raj Steels IPO has secured ₹7.97 crore from anchor investors, with the anchor bidding scheduled for February 11, 2025. The lock-in period for these shares is divided into two phases—50% of the shares will be unlocked after 30 days, while the remaining shares will be available after 90 days.
| Anchor Investor Details | Information |
|---|---|
| Anchor Bid Date | February 11, 2025 |
| Total Shares Allotted | 5,69,000 |
| Anchor Investment Size | ₹7.97 crore |
| Lock-in Period (50% Shares) | Until March 16, 2025 |
| Lock-in Period (Remaining Shares) | Until May 15, 2025 |
PS Raj Steels IPO Financial Performance
| Financial Metrics (₹ Crore) | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Total Assets | 55.36 | 52.07 | 74.12 | 45.94 |
| Total Revenue | 139.12 | 297.76 | 225.44 | 179.89 |
| Profit After Tax | 🟢 3.87 | 🟢 6.36 | 🟢 3.65 | 🟢 3.57 |
| Net Worth | 34.43 | 30.60 | 24.30 | 20.65 |
| Reserves & Surplus | 28.91 | 29.99 | 23.69 | 20.04 |
| Total Borrowing | 17.25 | 17.80 | 18.02 | 17.09 |
PS Raj Steels IPO Valuation – FY2024
PS Raj Steels’ valuation metrics for FY2024 highlight its profitability, efficiency, and financial stability.
| Key Performance Indicator (KPI) | FY2024 Values |
|---|---|
| Return on Equity (ROE) | 20.79% |
| Return on Capital Employed (ROCE) | 20.64% |
| EBITDA Margin | 3.63% |
| Profit After Tax (PAT) Margin | 2.14% |
| Debt-to-Equity Ratio | 0.58 |
| Earnings Per Share (EPS) | ₹11.53 (Basic) |
| Price-to-Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 20.79% |
| Net Asset Value (NAV) per Share | ₹55.45 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Remi Edelstahl Tubular Limited | 1.26 | 79.37 | 3.20% | 39.57 | 118.33 Cr. |
| Venus Pipes & Tubes Limited | 42.36 | 31.82 | 21.17% | 200.09 | 805.38 Cr. |
| Suraj Limited | 11.90 | 34.45 | 17.84% | 66.68 | 334.12 Cr. |
PS Raj Steels IPO Review
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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
Company Address
PS Raj Steels Limited
V & P.O
Talwandi Rukka
Hisar-125001
Phone: +91-9812700024
Email: cs@psrajsteels.com
Website: http://www.pssrgroup.com/
IPO Lead Managers aka Merchant Bankers
- Khambatta Securities Limited
PS Raj Steels IPO FAQs
When does the PS Raj Steels IPO open and close?
The IPO opens on February 12, 2025, and closes on February 14, 2025.
What is the price band for PS Raj Steels IPO?
The price band is set at ₹132 to ₹140 per share.
What is the minimum investment required?
Retail investors need to invest a minimum of ₹1,40,000 (1,000 shares).
When is the allotment expected?
The allotment is expected to be finalized on February 17, 2025.
What is the listing date for PS Raj Steels IPO?
The IPO is expected to list on NSE SME on February 19, 2025.
How many shares are offered in the IPO?
A total of 20.20 lakh shares are being issued, aggregating to ₹28.28 crore.
What is the anchor investor portion?
The company raised ₹7.97 crore from anchor investors, with shares allocated on February 11, 2025.
What is the market lot size?
The minimum lot size is 1,000 shares, and HNIs must apply for at least 2 lots (2,000 shares).
What is the financial strength of PS Raj Steels?
As of FY2024, the company has an ROE of 20.79%, ROCE of 20.64%, and a PAT margin of 2.14%.
Where will PS Raj Steels IPO be listed?
The IPO will be listed on the NSE SME platform.
