P S Raj Steels IPO
IPO Listing Details
- Listing Date
19 Feb 2025
- Listing Price
₹ 145.00
- Listing Change
3.57%
- Last Traded Price
₹ 126.00
IPO Details
-
Bidding starts
12 Feb 2025
-
Bidding ends
14 Feb 2025
-
Listing
19 Feb 2025
- IPO Price Range
₹ 132 to ₹ 140
- IPO Size
₹ 28.28 Cr
- Listing Exchange
NSE SME
IPO Timeline
P S Raj Steels IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 12-Feb-25 | 0.79 | 3.72 | 1.93 | 1.96 |
| 13-Feb-25 | 0.79 | 12.25 | 5.36 | 5.46 |
| 14-Feb-25 | 1.21 | 21.39 | 10.03 | 9.82 |
Last Updated: 17 February 2025 10:42 AM by 5Paisa
PS Raj Steels' ₹28.28 crore IPO comprises a fresh issue of 0.20 crore shares. The subscription opens on February 12, 2025, and closes on February 14, 2025. The company manufactures stainless steel pipes and tubes, catering to industries like railways, furniture, and food processing. With a 3-acre plant in Hissar, Haryana, it operates across 18 states through 77 dealers. Key strengths include a strong distribution network, experienced leadership, and an integrated manufacturing facility. It employs 114 people.
Established in: 2004
Managing Director: Mr.Deepak Kumar
Peers
Edelstahl Tubular Ltd
Venus Pipes & Tubes Ltd
Suraj Ltd
Objectives
To meet the working capital requirements of the Company
P S Raj IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹28.28 Cr. |
| Offer For Sale | - |
| Fresh Issue | ₹28.28 Cr. |
P S Raj IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | 132,000 |
| Retail (Max) | 1 | 1000 | 132,000 |
| HNI (Min) | 2 | 2000 | 264,000 |
P S Raj IPO IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 1.21 | 3,80,000 | 4,60,000 | 6.44 |
| NII (HNI) | 21.39 | 2,85,000 | 60,97,000 | 85.36 |
| Retail | 10.03 | 6,65,000 | 66,70,000 | 93.38 |
| Total** | 9.82 | 13,50,000 | 1,32,51,000 | 185.51 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
P S Raj IPO Anchor Allocation
| Anchor Bid Date | 11 February , 2025 |
| Shares Offered | 5,69,000 |
| Anchor portion Size (In ₹ Cr.) | 7.97 |
| Anchor lock-in period end date for 50% shares (30 Days) | 16 March, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | 15 May, 2025 |
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | 179.89 | 225.44 | 297.76 |
| EBITDA | 6.71 | 6.95 | 10.80 |
| PAT | 3.57 | 3.65 | 6.36 |
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Total Assets | 45.94 | 74.12 | 52.07 |
| Share Capital | 0.61 | 0.61 | 0.61 |
| Total Borrowings | 17.09 | 18.02 | 17.80 |
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 0.42 | 2.56 | 4.87 |
| Net Cash Generated From / (used in) investing activities | -0.62 | -0.94 | 0.97 |
| Net Cash Generated From / (used in) financing activities | -1.35 | -1.63 | -4.24 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.04 | - | 0.02 |
Strengths
1. Strong distribution network across 18 states with 77 dealers.
2. Experienced leadership team with deep industry knowledge.
3. Integrated manufacturing facility for better efficiency and quality control.
4. Diverse product range catering to multiple industries.
5. Direct engagement with OEMs for tailored solutions and timely deliveries.
Risks
1. Limited geographical reach outside India.
2. Dependence on stainless steel prices, impacting margins.
3. High competition from established and unorganized players.
4. Relatively small scale compared to industry giants.
5. Economic slowdowns can reduce demand in key sectors.
in 3
easy steps
Using 5paisa App or
Website
to block Payment
Open Free Demat Account
Be a part of 5paisa community - The first listed discount broker of India.
By proceeding, you agree to all T&C*
FAQs
PS Raj Steels IPO opens from 12 February 2025 to 14 February 2025.
The size of PS Raj Steels IPO is ₹28.28 Cr.
The price of PS Raj Steels IPO is fixed at ₹132 to ₹140 per share.
To apply for PS Raj Steels IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the PS Raj Steels IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of PS Raj Steels IPO is 1,000 shares and the investment required is ₹132,000.
The share allotment date of PS Raj Steels IPO is 17 February 2025
The PS Raj Steels IPO will be listed on 19 February 2025.
Khambatta Securities Ltd is the book running lead manager for PS Raj Steels IPO.
PS Raj Steels plans to utilise the raised capital from the IPO for:
1. To meet the working capital requirements of the Company
