PS Raj Steels Limited IPO (PS Raj Steels IPO) Detail

PS Raj Steels IPO is a book built issue of Rs 28.28 crores. The issue is entirely a fresh issue of 20.20 lakh shares.

PS Raj Steels IPO bidding started from February 12, 2025 and ended on February 14, 2025. The allotment for PS Raj Steels IPO was finalized on Monday, February 17, 2025. The shares got listed on NSE SME on February 19, 2025.

PS Raj Steels IPO price band is set at ₹140 per share. The minimum lot size for an application is 1000. The minimum amount of investment required by retail investors is ₹1,32,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,40,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹2,80,000.

Khambatta Securities Limited is the book-running lead manager of the PS Raj Steels IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for PS Raj Steels IPO is Nikunj Stock Brokers Limited.

Refer to PS Raj Steels IPO RHP for detailed information.

PS Raj Steels IPO Details

PS Raj Steels IPO Reservation

PS Raj Steels IPO offers 20,20,000 shares. 3,80,000 (18.81%) to QIB, 2,85,000 (14.11%) to NII, 6,65,000 (32.92%) to RII and 5,69,000 (28.17%) to Anchor investors.

PS Raj Steels IPO Anchor Investors Details

PS Raj Steels IPO raises Rs 7.97 crore from anchor investors. PS Raj Steels IPO Anchor bid date is February 11, 2025. PS Raj Steels IPO Anchor Investors list

PS Raj Steels IPO Timeline (Tentative Schedule)

PS Raj Steels IPO opens on February 12, 2025, and closes on February 14, 2025.

PS Raj Steels IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

PS Raj Steels IPO Promoter Holding

Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue

About PS Raj Steels Limited

Incorporated in November 2004, PS Raj Steels Limited manufactures and supplies stainless steel pipes and tubes in India.

The company’s product range includes the following

1. Outer Diameter (OD) Pipes (from ½ inch to 18 inches);
2. Nominal Bore (NB) Pipes (from 3/8 inch to 18 inches);
3. Section Pipes (square, rectangular and oval shapes);
4. 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.

The company 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.

Competitive Strength

1. Strong Distribution and Customer Focus.
2. Experienced Promoters and senior management team.
3. Integrated manufacturing facility.
4. Long Association with the Stainless-Steel Industry.

Company Financials

PS Raj Steels Limited Financial Information (Restated)

Key Performance Indicator (KPI)

The market capitalization of PS Raj Steels IPO is Rs 105.54 Cr.

KPI as of Sun, Mar 31, 2024.

• The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
• The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

Objects of the Issue (PS Raj Steels IPO Objectives)

The company intends to utilize the proceeds of the Issue to meet the following objectives: –

1. To meet the working capital requirements of the Company

PS Raj Steels IPO Review May apply

[Dilip Davda]  PRSL is manufacturing and supplying SS Pipes and Tubers. It is also trading in SS Coils, strips, sheets, plates and bars. The company posted steady growth in its top and bottom lines for the reported periods. Based on recent financial performance, the issue appears fully priced. Small paid-up equity post-IPO indicates longer gestation period for migration. Well-informed investors may park moderate funds for long term. Read detail review…

PS Raj Steels IPO Subscription Status (Bidding Detail)

The PS Raj Steels IPO is subscribed 9.82 times on February 14, 2025 6:54:59 PM (Day 3). The public issue subscribed 10.04 times in the retail category, 1.21 times in the QIB category, and 21.39 times in the NII category. Check Day by Day Subscription Details (Live Status)

Total Application : 7,013

*Market Maker portion is not included to NII/HNI.

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