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PS Raj Steels Limited IPO Details – Price, Date, GMP & Analysis
Listed
SME
Price Range:
Rs.140.00
Issue Size:
Rs.28.28 Cr
Lot Size:
1 shares
Open Date:
February 12
PS Raj Steels Limited IPO Overview
Bidding Dates
February 12 - February 14
Min Investment
₹140
Price Range
₹140.00
Issue Size
₹28.28 Cr
IPO DRHP Doc
Company Overview
PS Raj Steels Limited, incorporated in November 2004, manufactures and supplies stainless steel pipes and tubes in India. Its products serve various sectors, including railways, furniture, and food processing. The manufacturing unit is located in Hissar, Haryana, covering 3 acres, with a distribution network across 18 states and 77 dealers. As of January 31, 2025, the company employs 114 individuals.
IPO Timeline
Opens
Feb 12
Closes
Feb 14
Allotment
Feb 17
Refunds
Feb 18
Shares Credit
Feb 18
Listing
Feb 19
Opens
Feb 12
Closes
Feb 14
Allotment
Feb 17
Refunds
Feb 18
Shares Credit
Feb 18
Listing
Feb 19
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 1.21x | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 21.39x | Oversubscribed |
| RII (Retail Individual Investors) | 10.04x | Oversubscribed |
| Total Subscription | 9.82x | Oversubscribed |
Last updated: Feb 14, 2025, 06:56 PM
Current GMP:
Rs.3
Est. Listing:
Rs.143
Est. Gain:
+2.1%
Star Rating:
★★★★★(1/5)
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2024 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Assets | ₹52.07 Cr | ₹52.07 Cr | ₹74.12 Cr | ₹45.94 Cr |
| Net Worth | ₹30.6 Cr | ₹30.6 Cr | ₹24.3 Cr | ₹20.65 Cr |
| Profit After Tax | ₹6.36 Cr | ₹6.36 Cr | ₹3.65 Cr | ₹3.57 Cr |
| Reserves and Surplus | ₹29.99 Cr | ₹29.99 Cr | ₹23.69 Cr | ₹20.04 Cr |
| Revenue | ₹297.76 Cr | ₹297.76 Cr | ₹225.44 Cr | ₹179.89 Cr |
| Total Borrowing | ₹17.8 Cr | ₹17.8 Cr | ₹18.02 Cr | ₹17.09 Cr |
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Strengths
Competitive advantages and positive aspects
- Diverse product range with over 250 sizes and customization options.
- Cost-effective supply chain through a partnership with Jindal Stainless Limited (JSL).
- Strong distribution across 18 states, with OEMs and dealers contributing to revenue.
- Significant revenue from dealers (60%) and direct sales (40%).
- Continuously upgraded manufacturing facility to meet market demands.
IPO Details
PS Raj Steels IPO Details
| Face Value | ₹10 per share |
| Fresh Issue | 20,20,000 shares (aggregating up to ₹28.28 Cr) |
| IPO Date | February 12, 2025 to February 14, 2025 |
| Issue Price | ₹140 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Listing Date | February 19, 2025 |
| Lot Size | 1,000 Shares |
| Share Holding Post Issue | 75,38,314 shares |
| Share Holding Pre Issue | 55,18,314 shares |
| Total Issue Size | 20,20,000 shares (aggregating up to ₹28.28 Cr) |
PS Raj Steels IPO Reservation
Share Reservation Distribution
Retail
665,000 shares (32.92%)
Anchor Investors
569,000 shares (28.17%)
QIB
380,000 shares (18.81%)
HNI (NII)
285,000 shares (14.11%)
Market Maker
101,000 shares (5%)
PS Raj Steels IPO Promoter Holding
| Share Holding Post Issue | |
| Share Holding Pre Issue | 100.00% |
PS Raj Steels IPO Listing Details
| ₹140 per share |
| February 19, 2025 |
| INE0XUS01012 |
| PSRAJ |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹140.00 |
| High | ₹152.25 |
| Last Trade | ₹150.60 |
| Low | ₹145.00 |
| Open | ₹145.00 |
Key Dates
Open Date:February 12
Close Date:February 14
Listing Date:February 19
