P S Raj Steels Ltd IPO
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P S Raj Steels Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 20.2 L | TBA | ₹ 6.65 L | ₹ 55.18 L | NSE | ₹ 28.28 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 12 Feb, 25 | 14 Feb, 25 | 1000 | ₹ 1,32,000 | Book Building - SME | 19 Feb, 25 |
P S Raj Steels Ltd IPO Dates
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 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
P S Raj Steels Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 9.29 | 5.69 | 5.66 |
| EBITDA | 10.11 | 6.49 | 6.60 |
| PAT | 6.36 | 3.65 | 3.57 |
| Total Assets | 47.58 | 69.43 | 41.41 |
| Share Capital | 0.61 | 0.61 | 0.61 |
| Total Borrowings | 28.73 | 29.13 | 24.44 |
| Operating Activities (Net Cash) | 7.18 | 4.45 | 4.51 |
| Investing Activities (Net Cash) | 0.01 | 0.01 | 0.01 |
| Financing Activities (Net Cash) | 28.73 | 29.13 | 24.44 |
| Net Cashflow | 0.05 | 0.03 | 0.04 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- Remi Edelstahl Tubulars Ltd
- Venus Pipes & Tubes Ltd
- Suraj Ltd
P S Raj Steels Ltd IPO 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.
- 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.
How To Apply for P S Raj Steels Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
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.
