P S Raj Steels IPO Allotment Status

Summary

PS Raj Steels Limited, established in November 2004, is a specialized manufacturer and supplier of stainless steel pipes and tubes in India. Their comprehensive product range includes OD Pipes, NB Pipes, Section Pipes, and Slotted Pipes, serving diverse sectors from railways to food processing. Operating from a 3-acre manufacturing facility in Hissar, Haryana, the company maintains a robust distribution network across 18 Indian states through 77 dealers, supported by 114 employees as of January 2025.

PS Raj Steels IPO comes with a total issue size of ₹28.28 crore, which is entirely a fresh issue of 20.20 lakh shares. The IPO opened on February 12, 2025, and closed on February 14, 2025. The allotment date for the PS Raj Steels IPO is expected to be finalized on Monday, February 17, 2025.

Steps to Check PS Raj Steels IPO Allotment Status on Registrar Site

• Visit Bigshare Services Pvt Ltd website
• Select "PS Raj Steels IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check PS Raj Steels IPO Allotment Status on BSE/NSE

• Navigate to the NSE SME IPO Allotment Status Page
• Choose "PS Raj Steels IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

PS Raj Steels IPO Subscription Status 

PS Raj Steels IPO received strong investor interest, being subscribed 9.82 times overall. Here is a category-wise breakdown of the subscription as of 6:54:59 PM on February 14, 2025:

• Retail Category: 10.04 times
• Qualified Institutional Buyers (QIB): 1.21 times
• Non-Institutional Investors (NII): 21.39 times

As of 6:54:59 PM

Utilization of IPO Proceeds 

The funds raised through the IPO will be utilized as follows:

• Working Capital: Meeting the working capital requirements of the company

PS Raj Steels IPO - Listing Details 

The shares are scheduled to list on February 19, 2025, on NSE SME. The impressive subscription rate of 9.82 times demonstrates strong investor confidence in PS Raj Steels' business model and growth prospects. The company has shown steady financial performance with revenue of ₹139.12 crore and profit after tax of ₹3.87 crore for the period ended September 30, 2024. Their strong distribution network, integrated manufacturing facility, and long-standing industry experience position them well for continued growth in the stainless steel manufacturing sector.