P S Raj Steels is a prominent manufacturer and supplier of Stainless-Steel Pipes & Tubes in India.
Product Portfolio:
- Outer Diameter ranging from 1/2 inch to 18 inches
- Nominal Bore (NB) Pipes from 3/8th inch to 18 inches
- Section Pipes available in square, rectangular, and oval shapes
- Slotted Pipes
The company offers over 250 standard sizes, positioning it as one of the leading manufacturers in terms of product variety. As of March 31, 2024, 29.81% of the company’s revenue comes from Stainless Steel Coils and Strips, Sheets & Plates, and Bars. Its products cater to diverse industries, including railways, furniture, households, door frames, rice plants, sugar mills, food processing, and more. Additionally, the company supplies SS pipes to heat exchanger and boiler manufacturers. P S Raj Steels operates a state-of-the-art manufacturing facility with an installed capacity of 13,460 metric tons per annum, spread across 3 acres in Hisar, Haryana.
PS Raj Steels IPO open date is February 12, 2025 and the IPO will close on February 14, 2025. PS Raj Steels IPO price band is ₹132 to ₹140 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%.
PS Raj Steels IPO to list on NSE on February 19, 2025. The allotment of PS Raj Steels IPO date is February 17, 2025. The company reported revenue of ₹297.76 crores in 2024 against ₹225.44 crore in 2023. The company reported profit of ₹6.36 crores in 2024 against profit of ₹3.65 crores in 2023.
PS Raj Steels IPO Details
| IPO Open Date: | February 12, 2025 |
| IPO Close Date: | February 14, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹132 to ₹140 Per Share |
| Issue Size: | Approx ₹28.28 Crores |
| Fresh Issue: | Approx ₹28.28 Crores |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
PS Raj Steels IPO Timeline
| IPO Open Date: | February 12, 2025 |
| IPO Close Date: | February 14, 2025 |
| Basis of Allotment: | February 17, 2025 |
| Refunds: | February 18, 2025 |
| Credit to Demat Account: | February 18, 2025 |
| IPO Listing Date: | February 19, 2025 |
PS Raj Steels SME IPO Lots
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹132.00-140.00 |
| Market Lot: | 1,000 Shares |
| 1 Lot Amount: | ₹1,40,000 |
| Min Small HNI Lots(2-10 Lakh): | 2000 shares (2 lots) – ₹2,80,000 |
| Min Big HNI Lots(10+ Lakh): | 8000 shares (8 lots) – ₹11,20,000 |
PS Raj Steels Limited: A Deep Dive into Financial Performance
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 55.36 | 52.07 | 74.12 | 45.94 |
| Revenue | 139.12 | 297.76 | 225.44 | 179.89 |
| Profit After Tax | 3.87 | 6.36 | 3.65 | 3.57 |
| Net Worth | 34.43 | 30.6 | 24.3 | 20.65 |
| Reserves and Surplus | 28.91 | 29.99 | 23.69 | 20.04 |
| Total Borrowing | 17.25 | 17.8 | 18.02 | 17.09 |
