P S Raj Steels Limited

Website

RHP

Anchor List

Allotment

P S Raj Steels Limited

P S Raj Steels is a leading manufacturer and supplier of stainless-steel pipes and tubes in India, offering over 250 standard sizes including OD pipes, NB pipes, section pipes, and slotted pipes. In addition to manufacturing, the company also trades in stainless-steel coils, strips, sheets, plates, and bars—accounting for around 25–30% of its revenue as of March and September 2024. Their products cater to diverse sectors such as railways, furniture, households, gate railings, door frames, rice plants, sugar mills, food processing, and heat exchangers.

Price Band ₹132 - ₹140
Dates 12 Feb - 14 Feb
GMP ₹0 (0.00%)
Subscriptions 8.68 times
Issue Size ₹28.28 Crs

P S Raj Steels IPO Key Dates

Opening Date

12 Feb 25

Closing Date

14 Feb 25

Basis Of Allotment

17 Feb 25

Initiations Of Refund

18 Feb 25

Credit Of Shares

18 Feb 25

Listing Date

19 Feb 25

P S Raj Steels IPO Objects

To meet the working capital requirements of the Company

P S Raj Steels IPO Details

Price Band ₹132 - ₹140
Listing At NSE SME
IPO Issue Type 100% Book Built Offer
Fresh Issue ₹28.28 Cr (0.20 Cr Shares)
Offer For Sale ₹0.00 (0.00 Shares)
Total Issue ₹28.28 Cr (0.20 Cr Shares)
Face Value ₹10 per equity share

P S Raj Steels IPO Lot Information

Investor Category		Lot	Shares	Amount
Retail	Minimum 1 1,000 1,40,000 Maximum 1 1,000 1,40,000
NII	Minimum 2 2,000 2,80,000

P S Raj Steels IPO Subscription

Updated as on 14-Feb-2025 19:00:18 hrs

Investor Category	Subscription (times)	Shares Offered	Shared Bid
QIB	0.81	5,69,000	4,60,000
NII	21.75	2,85,000	61,98,000
Retail	10.04	6,65,000	66,75,000
Employee	1.20	20,000	24,000
Total	8.68	15,39,000	1,33,57,000

P S Raj Steels IPO GMP

The estimated Grey Market Premium of P S Raj Steels IPO is ₹0 per share (0.00%)

1. GMPs are available for IPOs with listing dates from May 1, 2025, onwards.

2. The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.

Category Allocation

Particulars	Allocation
QIB %	Not more than 50% of net offer
NII %	Not less than 15% of net offer
Retail %	Not less than 35% of net offer
Market Maker	1,01,000 EQ Share

P S Raj Steels IPO Financials

(Rs. in crores)

Particulars	Sep-24	Mar-24	Mar-23	Mar-22
Revenue from Operations	139.11	297.75	225.43	179.72
Profit after Tax	3.87	6.36	3.65	3.57
Net Worth	34.43	30.60	24.30	20.65
Total Borrowing	17.25	17.80	18.02	17.09
Total Assets	55.36	52.07	74.12	45.94
NAV per share (in ₹)	62.39	55.45	44.04	37.42
EPS - Basic (in ₹)	7.01	11.53	6.62	6.47

The financial information presented is on a consolidated basis

Key Performance Indicators

KPI	KPI
EBITDA	3.63%
PAT	2.14%
ROE	20.79%
ROCE	20.64%
Debt to Equity	0.58
PE Ratio	12.14
PB Ratio	2.52
Mkt Cap (in Crs.)	105.54

All Ratios are based on Mar 24
PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.

P S Raj Steels IPO Peer Comparision

(Rs. in crores)

Particulars	Co.	Remi Edelstahl Tubular	Venus Pipes & Tubes	Suraj
Revenue from Ops (in Crs.)	297.75	117.13	802.20	330.67
PAT (In Crs.)	6.36	1.39	85.98	21.85
EPS - Basic	11.53	1.26	42.36	11.90
NAV per share	55.45	39.57	200.09	66.68
RONW	20.79%	3.20%	21.17%	17.84%
EBITDA	3.63%	6.02%	18.64%	13.24%
PAT Margin	2.14%	1.19%	10.72%	6.61%
Price to earning (PE)	12.14	79.37	31.82	34.45
Debt to Equity	0.58	0.70	0.37	0.27

All the information pertains to FY 2023-24
The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 31, 2024 for Peers

P S Raj Steels IPO Peer Comparision

(Rs. in crores)

Particulars	Co.
Revenue from Ops (in Crs.)	297.75
PAT (In Crs.)	6.36
EPS - Basic	11.53
NAV per share	55.45
RONW	20.79%
EBITDA	3.63%
PAT Margin	2.14%
Price to earning (PE)	12.14
Debt to Equity	0.58

Remi Edelstahl Tubular	Venus Pipes & Tubes	Suraj
117.13	802.20	330.67
1.39	85.98	21.85
1.26	42.36	11.90
39.57	200.09	66.68
3.20%	21.17%	17.84%
6.02%	18.64%	13.24%
1.19%	10.72%	6.61%
79.37	31.82	34.45
0.70	0.37	0.27

All the information pertains to FY 2023-24
The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 31, 2024 for Peers

Promoter Details

Name	Shareholding
Raj Kumar Gupta	19.51%
Vishal Gupta	14.31%
Gaurav Gupta	10.82%
M/s Raj Kumar HUF	10.71%
Other Promoter	30.21%

Management Details

Name	Designation
Mr. Deepak Kumar	MD
Mr. Vinod Kumar	CFO

Company Details

Name : P S RAJ STEELS LIMITED

Address : V & P.O Talwandi Rukka, Hisar 125001, Haryana, India

Number : +91-9812700024

Email : cs@psrajsteels.com

Website : www.pssrgroup.com

Book Running Lead Managers (BRLMs)

Khambatta Securities

Visit Website

RTAs

Bigshare Services

Visit Website

Frequently Asked questions?

Find answers to common questions that come in your mind related to IPO.

P S Raj Steels IPO is a SME IPO having an issue size of Rs. ₹28.28 Crs. P S Raj Steels IPO is priced at ₹132 - ₹140 per share. The issue opens on 12 Feb 25 and closes on 14 Feb 25.

P S Raj Steels IPO opens on 12 Feb 25 and closes on 14 Feb 25.

The estimated Grey Market Premium of P S Raj Steels IPO is ₹0 per share (0.00%).

The minimum lot size of P S Raj Steels IPO is 1000 shares & the minimum application amount is Rs. 140000.

The allotment date of P S Raj Steels IPO is 17 Feb 25.

The listing date of P S Raj Steels IPO is 19 Feb 25.

P S Raj Steels IPO is subscribed 8.68 times.

P S Raj Steels IPO is priced at ₹132 - ₹140 per share.

Click the allotment link on P S Raj Steels IPO page of IPO360.

Go to Kite App → Tap on Bids → Tap on IPO
Select the IPO → Tap on apply → Enter UPI ID
Enter Qty and Price
Submit the application
Approve the UPI Mandate on your UPI app

Go to Groww App → Stocks Section → Select IPO option
Select the IPO you want to apply
Enter your bid details and price
Enter UPI ID & submit
Approve the UPI Mandate on your UPI app

Log in to your bank's net banking portal.
Navigate to the 'IPO' or 'ASBA' section.
Select P S Raj Steels IPO from the list of available IPOs.
Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
Submit the application.
Money will remain blocked till the refund date

We are a one-stop destination for all your IPO needs. Get reliable, accurate, and timely information for all the IPOs in India!

Quick Links

IPO Education Contact Us Allocate Funds Disclaimer & Privacy Statement

Developed By JAY Innovations

P S Raj Steels Limited

P S Raj Steels Limited

Price Band

Dates

GMP

Subscriptions

Issue Size

P S Raj Steels IPO Key Dates

Opening Date

Closing Date

Basis Of Allotment

Initiations Of Refund

Credit Of Shares

Listing Date

P S Raj Steels IPO Objects

P S Raj Steels IPO Details

Price Band

Listing At

IPO Issue Type

Fresh Issue

Offer For Sale

Total Issue

Face Value

P S Raj Steels IPO Lot Information

P S Raj Steels IPO Subscription

P S Raj Steels IPO GMP

Category Allocation

P S Raj Steels IPO Financials

Key Performance Indicators

P S Raj Steels IPO Peer Comparision

P S Raj Steels IPO Peer Comparision

Promoter Details

Management Details

Company Details

Book Running Lead Managers (BRLMs)

Khambatta Securities

RTAs

Bigshare Services

Frequently Asked questions?

What is P S Raj Steels IPO?

When will P S Raj Steels IPO open?

What is the GMP of P S Raj Steels IPO?

What is the lot size of P S Raj Steels IPO?

When is the allotment of P S Raj Steels IPO?

What is the listing date of P S Raj Steels IPO?

What is the subscription of P S Raj Steels IPO?

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

How to check allotment status of P S Raj Steels IPO?

How to apply P S Raj Steels IPO in Zerodha?

How to apply P S Raj Steels IPO in Groww?

How to apply P S Raj Steels IPO using ASBA?

Quick Links