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Allotment

P S Raj Steels Limited

P S Raj Steels is launching an IPO through a book-building issue of ₹28.28 crore, comprising entirely a fresh issue of 0.20 crore shares. The IPO is aimed at raising capital to support the company’s growth plans and expansion initiatives.

Issue Details
The price band for the IPO is fixed at ₹140 per share. Investors can apply for a minimum of 1,000 shares, with bids in multiples of 1,000 shares thereafter. For retail investors, the minimum investment is ₹1,32,000 (1 lot), while High Net Worth Individuals (HNIs) must invest in at least 2 lots (2,000 shares) amounting to ₹2,80,000. Additionally, the issue includes a reservation of up to 20,000 shares for employees, offered at no discount to the issue price.

Timeline
The IPO opened on February 12, 2025, and closed on February 14, 2025. Allotment was finalized on February 17, 2025, and the shares were subsequently listed on NSE SME on February 19, 2025.

Key Participants
Khambatta Securities Ltd. is the Book Running Lead Manager, while Bigshare Services Pvt. Ltd. serves as the Registrar of the Issue. The company’s Market Maker is Nikunj Stock Brokers Ltd., ensuring liquidity and smooth trading post-listing.

P S Raj Steels Limited IPO & Charts
₹140

0%

Open

₹140

HIgh - Low

₹140

Previous Close

₹140

Total Traded Value

0

52 Weeks High

₹140

52 Weeks Low

₹140

Updates On

Feb 5, 2025

IPO. Open

Feb 12, 2026

IPO. Close

Feb 14, 2026

IPO. Price

₹140.00

IPO Market price

₹105.54 Cr

IPO Details

IPO Date 19 Feb
IPO Listing Date 19 Feb
IPO Face Value ₹10 per share
IPO Price Range ₹140.00
IPO Issue Size 20,20,000 shares
IPO Sale Type Fresh Capital
Employee Discount -
IPO Issue Type Bookbuilding IPO
IPO Listing NSE SME Platform
Share Holding Pre Issue 55,18,314 shares

IPO Timeline

IPO Open Date 12 Feb
IPO Close Date 14 Feb
IPO Allotment (Tentative) 17 Feb
Refunds 18 Feb
Credit to Demat Account 18 Feb
IPO Listing Date 19 Feb

IPO Reservation

Category Offer
QIB Shares Offered 9,49,000 Shares
NII (HNI) Shares Offered 2,85,000 (14.11%) Shares
Retail Shares Offered 6,65,000 Shares

IPO Lot Size

Investors can bid for a minimum of 1,000 shares and in multiples of 1,000 shares thereafter.

Application Lots Share Amount
Retail (Min) 1 1,000 ₹1,40,000
Retail (Max) 1 1,000 ₹1,40,000
S-HNI (Min) 2 2,000 ₹2,80,000
S-HNI (Max) - - -
B-HNI (Min) - - -
About Company

Incorporated in November 2004, PS Raj Steels Limited is a leading manufacturer and supplier of stainless steel pipes and tubes in India. The company offers a diverse product range, including Outer Diameter (OD) pipes (½ inch to 18 inches), Nominal Bore (NB) pipes (3/8 inch to 18 inches), section pipes (square, rectangular, and oval), and slotted pipes. Its products serve multiple industries such as railways, furniture, households, gate railings, door frames, rice plants, sugar mills, food processing, and heat exchangers.

Manufacturing and Operations
PS Raj Steels operates an integrated manufacturing facility in Hissar, Haryana, spread over 3 acres. The company has built a robust distribution network across 18 states and works directly with OEMs to provide timely deliveries and customized solutions. It also maintains a strong network of 77 dealers across the country to ensure wider market reach.

Workforce
As of January 31, 2025, PS Raj Steels employs 114 personnel, including non-contract labor, reflecting its commitment to maintaining a skilled and dedicated workforce.

Competitive Strengths
The company’s key strengths include a strong distribution network and customer focus, an experienced promoter and senior management team, an integrated manufacturing facility, and a long-standing association with the stainless steel industry, which has helped it build credibility and expertise over the years.

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Company Financials (Consolidated)

Assets 55.36 52.07 74.12
Total Income 139.12 297.76 225.44
Profit After Tax 3.87 6.36 3.65
EBITDA - - -
NET Worth 34.43 30.6 24.3
Reserves and Surplus 28.91 29.99 23.69
Total Borrowing 17.25 17.8 18.02

Key Performance Indicator (KPI)

ROE 20.79%
ROCE 20.64%
Debt/Equity 0.58
RoNW 20.79%
PAT Margin 2.14%
EBITDA Margin -
Price to Book Value 2.52
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries -
2 To meet out the expenses of Working Capital Requirement 26.5
3 To meet out the General Corporate Purposes; -
4 Offer for Sale (OFS) -

Contact Details

P S Raj Steels Ltd. Address
V & P.O
Talwandi Rukka
Hisar
Hisar, Haryana, 125001
+91-9812700024
cs@psrajsteels.com

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Detail Registrar

IPO Registrar

Bigshare Services Pvt.Ltd.
+91-22-6263 8200
ipo@bigshareonline.com
https://ipo.bigshareonline.com/IPO_Status.html

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