IPO

P S Raj Steels Ltd. IPO

Min Investment
₹ 1,40,000 / 1000 shares
Price Range
₹132 - ₹ 140
Bidding Dates
12 Feb '25 - 14 Feb '25
Total Issue Value
28.28 Cr
Lot Size
1,000
Total Issue Size
28.28 Cr
Listing At
NSE SME
Subscription
9.22 times
NSE Price
305.00 (117.86%)

IPO Timeline

  • 12 Feb 2025
    Bidding Starts
  • 14 Feb 2025
    Bidding Ends
  • 17 Feb 2025
    Allotment Finalization
  • 19 Feb 2025
    Listing

About P S Raj Steels Ltd.

We are manufacturer and supplier of Stainless-Steel Pipes & Tubes in India. Our Product mainly includes Outer Diameter (OD) Pipes, Nominal Bore (NB) Pipes, Section Pipes and Slotted Pipes with an extensive array of over 250 standard sizes. In addition to our core manufacturing operations, as ... Read more

Parent organisation
Founded
P S Raj Steels Ltd.
2004

P S Raj Steels Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 5,69,000 (28.17%)
Employee Reserved 20,000 (0.99%)
Market Makers 1,01,000 (5%)
Non Institutional Investors 2,85,000 (14.11%)
Qualified Institutional Buyers (QIBs) 3,80,000 (18.81%)
Retail Individual Investors (RIIs) 6,65,000 (32.92%)

P S Raj Steels Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2025 266.31 Cr 7.41 Cr 57.40 Cr
31 Mar 2024 297.76 Cr 6.36 Cr 29.99 Cr
31 Mar 2023 225.44 Cr 3.65 Cr 23.69 Cr

P S Raj Steels Ltd. Background

Our Company was originally incorporated as ‘P S Raj Steels Private Limited’ as a private limited company under the Companies Act, 1956 on November 09, 2004 pursuant to a Certificate of Incorporation bearing CIN U27109HR2004PTC035523 issued by the Registrar of Companies, National ...

Read more

Major Events And Milestones
  • 2005
    Commenced trading in stainless-steel.
  • 2006
    Acquired land at V & P.O Talwandi Rukka, Hisar-125001, Haryana, India for setting up a manufacturing plant and began construction.
  • 2007
    Purchased 2 tube mills and other machines to establish the production line.
  • 2008
    Installed 3rd Tube Mill to the plant.
  • 2009
    Installed two new tube mills to the plant.
  • 2010
    Added two automatic polish machines and 2 tube mills to the plant.
  • 2011
    Achieved approximately 1,411 MT in production.
  • 2013
    *Received Assurance Letter from POSCO for regular supply of raw materials.
  • 2014
    Entered into new segment of NB Pipes by acquiring Stainless-steel tube mill for NB 8” pipe.
  • 2015
    Completed construction of Building-2 at our manufacturing plant set-up already in 2006 at V & P.O Talwandi Rukka, Hisar-125001, Haryana, India and also installed Slitting-line Machines.
    Achieved a turnover of more than Rs. 50 crores.
    Became a Gold Sponsor of the Indinox 2015 Exhibition in Ahmedabad, organized by the Indian Stainless Steel Development Authority (ISSDA).
  • 2016
    Participated in the Stainless-Steel Pipe Expo at Pragati Maidan, New Delhi.
  • 2018
    Received the IndiaMart Trust Seal.
    Completed construction of Building-3 at our manufacturing plant set-up already in 2006 at V & P.O Talwandi Rukka, Hisar-125001, Haryana, India.
  • 2019
    Achieved a turnover of more than Rs. 100 crores.
    Became a Gold Sponsor of the 10th Indian Stainless-steel Houseware Show in Hyderabad.
  • 2021
    Received an Expression of Gratitude from Jindal Stainless Limited.
  • 2022
    Awarded as top MOU Performer 2020-2022 in Greece by Jindal Stainless Limited.
  • 2023
    Achieved a turnover of more than Rs. 290 crores.
  • 2024
    Conversion of the Company from private limited to public limited company consequently name of the Company changed from ‘P S Raj Steels Private Limited’ to ‘P S Raj Steels Limited’.
P S Raj Steels Ltd. Object of Issues

1. Working Capital Requirement of the Company

P S Raj Steels Ltd. IPO Listing Details
Listing Date
19 Feb 2025
NSE Symbol
PSRAJSTEEL
ISIN
INE0XUS01012
Final Issue Price
₹ 140
P S Raj Steels Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price - ₹ 140.00
Open - ₹ 145.00
Low - ₹ 145.00
High - ₹ 152.25
Last Trade - ₹ 150.60
P S Raj Steels Ltd. Company Promoters

1. Mr. Raj Kumar Gupta
2. Mr. Deepak Kumar
3. Mr. Gaurav Gupta
4. Mr. Vishal Gupta
5. Ms. Nikita Gupta
6. M/s Raj Kumar HUF
7. M/s Deepak Kumar HUF
8. M/s Gaurav Gupta HUF

Industry Overview

We operate primarily in manufacturing Stainless Steel Pipes & Tubes. Our products serve a wide range of sectors such as fabrication and industrial applications. Key sectors include railways, furniture, households, gate railing, door frames, rice plants, sugar mills, food processing, heat ... Read more

P S Raj Steels Ltd. IPO Registrar
Bigshare Services Pvt. Ltd.
S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai Maharashtra - 400093
62638200
P S Raj Steels Ltd. IPO Lead Manager(s)
Khambatta Securities Ltd.
806, World Trade Tower, Tower B, Noida Sector-16, Noida Uttar Pradesh - 201301
4415469, 9953989693

FAQs

When does P S Raj Steels Ltd. IPO opens and closes?

P S Raj Steels Ltd. IPO opens from 12th February to 14th February 2025.

What is the size of P S Raj Steels Ltd. IPO?

The size of the P S Raj Steels Ltd. IPO is ₹28.28 Cr.

What is the price range of P S Raj Steels Ltd. IPO?

The price range of P S Raj Steels Ltd. IPO is at ₹132 to ₹140 per share.

What is the minimum investment and lot size required for the P S Raj Steels Ltd. IPO?

The minimum investment required is ₹1,40,000 and minimum lot size is 1000 shares.

When is P S Raj Steels Ltd. IPO listing date?

The P S Raj Steels Ltd. IPO will be listed on 19th February 2025.

What is the objective of P S Raj Steels Ltd. IPO?

1. Working Capital Requirement of the Company

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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