The PS Raj Steels IPO Allotment Status is now available. The IPO subscription had started on February 12, 2025, and ended on February 14, 2025, Friday. The allotment was released on February 17, 2025, Monday, after the basis of allotment was finalized. The investors who applied for the IPO will be able to check the PS Raj Steels IPO Allotment Online on the Bigshare Services Pvt Ltd website or the NSE website.
The PS Raj Steels IPO was subscribed 9.82 times overall, with significant demand across all investor categories. Anchor Investors subscribed to 5,69,000 shares, Market Makers took 1,01,000 shares, Qualified Institutions subscribed 1.21 times for 4,60,000 shares, Non-Institutional Buyers oversubscribed 21.39 times for 60,97,000 shares, and Retail Investors subscribed 10.04 times for 66,75,000 shares. In total, 13,50,000 shares were offered, with 1,32,56,000 shares bid for, raising Rs 185.58 crore from 7,013 applications.
The last GMP for PS Raj Steels SME IPO is ₹0. With a price band of ₹140, the estimated listing price is ₹140, resulting in an expected percentage gain/loss of 0.00%.
Overview of Contents
PS Raj Steels IPO Dates
| 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 |
How to Check PS Raj Steels IPO Allotment Status
Investors who applied for PS Raj Steels IPO can check their allotment status through 4 different methods: Bigshare, NSE, Demat Account, and Bank Account. Follow the steps below to check your IPO allotment status.
Step: How to Check PS Raj Steels IPO Allotment Status On Bigshare:
- Visit Bigshare.com and go to the PS Raj Steels IPO allotment page.
- From the drop-down menu, select ‘PS Raj Steels.’
- Choose whether to search using your PAN, Application Number, or DP ID.
- Enter the respective details and hit the ‘Search’ button.
- View your allotment status on the screen.
Step 2: How to Check PS Raj Steels IPO Allotment Status On NSE:
- Go to the NSE IPO allotment page at NSEIndia.com.
- Select ‘PS Raj Steels’ from the IPO list.
- Choose to search by PAN, Application Number, or DP ID.
- Enter your details and click ‘Search.’
- Your allotment details will be displayed on the screen.
Step 3: How to Check PS Raj Steels IPO Allotment In Your Demat Account:
- Log in to your Demat/Trading account or contact your broker.
- Check if the shares have been credited to your account.
- If allotted, the shares will appear in your Demat account.
Step 4: How to Check PS Raj Steels IPO Allotment Status In Your Bank Account:
- Log in to the bank account you used to apply for the IPO.
- Go to the balance section and check the status.
- If allotted, the IPO amount will be debited from your account.
- If not allotted, the amount will be refunded, and you will receive an SMS confirming the transaction.
About Company
Established in November 2004, PS Raj Steels Limited is a prominent manufacturer and supplier of stainless steel pipes and tubes in India. The company offers a wide variety of products, including Outer Diameter (OD) pipes, Nominal Bore (NB) pipes, section pipes in multiple shapes, and slotted pipes.
Serving diverse industries such as railways, furniture, households, gate railings, door frames, rice mills, sugar factories, food processing units, and heat exchangers, PS Raj Steels operates from a modern manufacturing facility in Hisar, Haryana, spanning three acres with an annual production capacity of 13,460 metric tons.
The company has built a robust distribution network, reaching 18 states across India. It works closely with OEMs and maintains strong ties with 77 dealers. Known for its capacity to deliver over 250 customized product sizes, PS Raj Steels ensures timely delivery and precise solutions. With experienced promoters, an integrated manufacturing setup, and a dedicated workforce of 114 employees, the company continues to enhance its foothold in the stainless steel industry.
PS Raj Steels IPO Allotment Status
When is PS Raj Steels IPO Allotment Date?
PS Raj Steels IPO allotment will be available on February 17, 2025, Monday.
What will be PS Raj Steels IPO Refund Date?
The IPO refund date is February 18, 2025, Tuesday.
How to Check PS Raj Steels IPO Allotment Status?
You can check the PS Raj Steels IPO allotment status via your PAN number, application number, or the amount deducted in your bank account.
