PS Raj Steels SME: Check IPO Date, Live Subscription and Key Details
PS Raj Steels Limited, established in November 2004, manufactures and supplies stainless steel pipes and tubes in India. The company offers a variety of products, including OD pipes (½ inch to 18 inches), NB pipes (3/8 inch to 18 inches), section pipes (square, rectangular, and oval), and slotted pipes. Its products serve industries such as railways, furniture, households, gate railings, door frames, rice plants, sugar mills, food processing, and heat exchangers.
Price Range
₹132.0 - ₹140.0
Issue Size
₹28.28 Cr
Lot Size
1,000 shares
IPO Type
NSE SME
GMP
₹3(+2.14%)
Est. Listing Price
₹143
Estimate Profit
₹6,000
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
10.26
P/E Ratio
13.65
RoNW
20.79%
ROE
20.79%
Debt to Equity
0.58
Advertisement
Timeline
IPO Opens
12 Feb
IPO Closes
14 Feb
Allotment
17 Feb
Listing
19 Feb
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 12 February 2025 | Subscription starts |
| IPO Close Date | 14 February 2025 | Subscription ends |
| Allotment Date | 17 February 2025 | Allotment |
| Listing Date | 19 February 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,80,000 |
SHNI (Min) | 3 | ₹4,20,000 |
SHNI (Max) | 7 | ₹9,80,000 |
BHNIAbove ₹10,00,000 | 8 | ₹11,20,000 |
IPO Objectives
- To meet the working capital requirements of the Company
Strengths
- Wide dealer network with 77 dealers across 18 states.
- Experienced leadership team with deep industry knowledge.
- Integrated manufacturing facility for better efficiency and quality control.
- Variety of products used in different industries.
- Works directly with OEMs for custom solutions and on-time delivery.
Weaknesses
- Limited presence outside India.
- Profits depend on changing stainless steel prices.
- Faces tough competition from big and small companies.
- Smaller business size compared to industry leaders.
- Slow economy can reduce demand in key industries.
Advertisement
Financial Performance
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 55.36 | 52.07 | 74.12 | 45.94 |
| Revenue (₹ Cr.) | 139.12 | 297.76 | 225.44 | 179.89 |
| PAT (₹ Cr.) | 3.87 | 6.36 | 3.65 | 3.57 |
| Net Worth (₹ Cr.) | 34.43 | 30.6 | 24.3 | 20.65 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| PS Raj Steels Limited | 2.55 | 13.65 | 20.79% | 34.43 |
| Remi Edelstahl Tubulars | 1.77 | 79.37 | 3.2% | 43.46 |
| Venus Pipes & Tubes Ltd. | 9.46 | 31.82 | 21.17% | 406 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.79x | 0.79x | 1.21x |
| NII | 3.72x | 12.25x | 21.39x |
| RII | 1.96x | 5.37x | 10.03x |
| Total | 1.98x | 5.47x | 9.82x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 3,80,000 | 4,60,000 | 6.44 |
| NII | 2,85,000 | 60,97,000 | 85.36 |
| RII | 6,65,000 | 66,70,000 | 93.38 |
| Total | 13,50,000 | 1,32,51,000 | 185.51 |
Advertisement
Company Details
- PS Raj Steels Limited
- V & P.O Talwandi Rukka Hisar-125001
- +91-9812700024
- cs@psrajsteels.com
- http://www.pssrgroup.com/
Registrar Details
- Bigshare Services Pvt Ltd
- +91-22-6263 8200
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/ipo_status.html
Loading comments...