IPO - Check IPO Date, Price, Lot Size

P S Raj Steels Ltd IPO

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 on September 30, 2024 and March 31, 2024 approximately 25.42% and 29.81% respectively of our revenue comes from trading in Stainless Steel Coils & Strips, Sheets & Plates, and Bars. We serve a wide range of sectors including railways, furniture, households, gate railing, door frames, rice plants, sugar mills, food processing and heat exchanger etc.

P S Raj Steels Ltd IPO Details

Total Shares Offered

₹ 20,20,000

Offer to Public

TBA

Retail Max (Shares)

₹ 6,65,000

Pre Issue Promoters Holding

₹ 55,18,314

Exchange

NSE

Issue size

₹ 28.28 Cr

IPO Open Date

Feb 12, 2025

Close Date

Feb 14, 2025

Lot Size

1000

Min Investment

₹ 1,32,000

Issue Type

Book Building - SME

Listing Date

Feb 19, 2025

P S Raj Steels Ltd IPO Dates

Feb 12, 2025

Opening date

Feb 14, 2025

Closing date

Feb 17, 2025

Basis of Allotment

Feb 18, 2025

Initiation of Refunds

Feb 18, 2025

Credit of Shares

Feb 19, 2025

Listing date

Details

Sector	Type
Sector	Steel - Medium
Sub Sector	Small
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	0.48x	949000	460000
NII	21.75x	285000	6198000
Retail	10.04x	665000	6675000
Employee	1.2x	20000	24000
Total	6.61x	2020000	13357000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

0.48x

21.75x

10.04x

1.2x

6.61x

949000

285000

665000

20000

2020000

460000

6198000

6675000

24000

13357000

P S Raj Steels Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	10.93	9.29	5.69
EBITDA	11.89	10.11	6.49
PAT	7.41	6.34	3.65
Total Assets	68.16	47.50	69.43
Share Capital	7.54	0.61	0.61
Total Borrowings	21.85	28.65	29.13
Operating Activities (Net Cash)	8.37	7.16	4.45
Investing Activities (Net Cash)	-1.33	0.00	0.01
Financing Activities (Net Cash)	21.85	28.65	29.13
Net Cashflow	0.88	0.06	0.03

About P S Raj Steels Ltd

Our Company was originally incorporated as `P S Raj Steels Private Limited' as a private limited company under the provisions of Companies Act, 1956 on November 09, 2004 pursuant to a Certificate of Incorporation bearing CIN U27109HR2004PTC035523 issued by the Registrar of Companies, National Capital Territory of Delhi & Haryana. Thereafter, our Company was converted into a public limited company from a private limited company pursuant to a special resolution passed by the shareholders of our Company on May 17, 2024 consequent to which the name of our Company changed from P S Raj Steels Private Limited' to P S Raj Steels Limited' and a fresh Certificate of Incorporation bearing no. U27109HR2004PLC035523 was issued by the Registrar of Companies, National Capital Territory of Delhi & Haryana on August 06, 2024.

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 exchanger etc.

Peer Comparison:

Remi Edelstahl Tubulars Ltd
Venus Pipes & Tubes Ltd
Suraj Ltd

P S Raj Steels Ltd Key Points

Strengths

Strong, experienced and dedicated senior management team and qualified workforce.

Long term relationship with Jindal Stainless Limited.

Cost effective supply chain.

Ability to provide good quality services and customer satisfaction.

Ability to scout for new opportunities and capitalising the same.

Risk

The Company's sale from trading is expected to decrease in F.Y. 2025 due to decrease in sales to group entity.

The part of the revenue earned by the Company is from the Related Parties/ Group Entities. The loss of any of them may affect the revenue of the Company negatively.

Its business is largely concentrated in four states (States) and is affected by various factors associated with these states.

Strategy

Expansion of our footprint in domestic market.

Continue to enhance our core strengths by attracting, retaining and training qualified personnel.

Continue to improve operating efficiencies through technology enhancements.

Strengthen our Goodwill.

How To Apply for P S Raj Steels Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

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

P S Raj Steels Ltd's IPO offers shares for up to 28.28 It begins on Feb 12, 2025 and ends on Feb 14, 2025.

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

The price of P S Raj Steels Ltd IPO ranges between ₹132 to ₹140 per share.

What are the open and close dates for the P S Raj Steels Ltd IPO?

The P S Raj Steels Ltd IPO opens on Feb 12, 2025 and closes on Feb 14, 2025.

When will the P S Raj Steels Ltd IPO be allotted?

The allotment for the P S Raj Steels Ltd IPO will be finalised on Feb 17, 2025. The shares will be listed on BSE and NSE on Feb 19, 2025.

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

The minimum lot size for P S Raj Steels Ltd IPO is 1000 shares, priced between ₹132 to ₹140 per share.

What is the GMP of P S Raj Steels Ltd IPO?

The GMP (Grey Market Premium) of P S Raj Steels Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of P S Raj Steels Ltd IPO?

To check the allotment status of P S Raj Steels Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the P S Raj Steels Ltd IPO getting listed?

The P S Raj Steels Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Feb 12, 2025, and closes on Feb 14, 2025. The allotment is finalised on Feb 17, 2025.

How do you apply for the P S Raj Steels Ltd IPO?

To apply for the P S Raj Steels Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.