PS Raj Steels SME IPO
ListedNSE SMEOpens 12 February 2025Closes 14 February 2025
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…
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.
Show moreShow less
Key ratios
As per RHP / filingsTimeline
IPO Opens
12 Feb
IPO Closes
14 Feb
Allotment
17 Feb
Listing
19 Feb
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 12 February 2025 |
| IPO Close Date | 14 February 2025 |
| Allotment Date | 17 February 2025 |
| Listing Date | 19 February 2025 |
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.
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 |
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
Frequently Asked Questions
See live numbers on GMP, Subscription, and Allotment pages.
PS Raj Steels SME IPO News & Updates
Follow the latest updates for PS Raj Steels SME IPO, including grey market moves and allotment news.
PS Raj Steels SME IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
PS Raj Steels SME IPO Details
Issue size, price, financials, and company info
PS Raj Steels SME IPO GMP
Live grey market premium and listing estimate
PS Raj Steels SME IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
PS Raj Steels SME IPO Allotment
Allotment date, chances, and check by PAN
PS Raj Steels SME IPO Review
SWOT, strengths, risks, and IPO review
PS Raj Steels SME IPO FAQ
Common questions on dates, GMP, and allotment
PS Raj Steels SME IPO Registrar
Registrar website and how to check allotment
PS Raj Steels SME IPO Timeline
Open, close, allotment, and listing dates
PS Raj Steels SME IPO News
Updates, blogs, and latest IPO news
Sources
We match PS Raj Steels SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Bigshare Services Pvt LtdOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.