PS Raj Steels SME IPO Subscription
ListedUpdated 19 February 2025, 9:15 AM IST· NSE SME
PS Raj Steels SME IPO subscription closed on 14 February 2025 at 9.82x overall by shares. QIB demand came in at 1.21x, NII at 21.39x, and retail at 10.03x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 17 February 2025. Listing date on NSE and BSE is 19 February 2025.
PS Raj Steels SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 12 Feb 2025 | 0.79x | 3.72x | 1.96x | 1.98x |
| Day 2 - 13 Feb 2025 | 0.79x | 12.25x | 5.37x | 5.47x |
| Day 3 - 14 Feb 2025 | 1.21x | 21.39x | 10.03x | 9.82x |
PS Raj Steels SME IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
PS Raj Steels SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 10.03x (shares) | Updating soon |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the PS Raj Steels SME IPO Allotment Status page from 17 February 2025 for your result.
PS Raj Steels SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 140.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 5.32 Cr | Rs 6.44 Cr | 1.21x |
| NII | Rs 3.99 Cr | Rs 85.36 Cr | 21.39x |
| IND | Rs 9.31 Cr | Rs 93.38 Cr | 10.03x |
| Total | Rs 18.62 Cr | Rs 185.18 Cr | 9.95x |
What Do These Subscription Numbers Mean?
9.82x overall by shares means bids covered about 10 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 1.21x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (21.39x by shares). SHNI and BHNI allotment is by lottery.
Retail at 10.03x by shares. Exact lottery chances need application data.
PS Raj Steels SME IPO GMP After Subscription
GMP for PS Raj Steels SME stands at Rs 3.00 today, giving an estimated listing price of Rs 143.00 per share.
A subscription of 9.82x combined with a GMP of 2.14% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the PS Raj Steels SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
PS Raj Steels SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 12 February 2025 |
| IPO Close Date | 14 February 2025 |
| Allotment Date | 17 February 2025 |
| Refund Initiation | 18 February 2025 |
| Share Credit to Demat | 18 February 2025 |
| Listing Date | 19 February 2025 |
| Minimum Investment | Rs 2,80,000.00 |
| Lot Size | 1000 shares |
About PS Raj Steels SME
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.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
PS Raj Steels SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
PS Raj Steels SME Details
Issue size, price, financials, and company info
PS Raj Steels SME GMP
Live grey market premium and listing estimate
PS Raj Steels SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
PS Raj Steels SME Allotment
Allotment date, chances, and check by PAN
PS Raj Steels SME Review
SWOT, strengths, risks, and IPO review
PS Raj Steels SME FAQ
Common questions on dates, GMP, and allotment
PS Raj Steels SME Registrar
Registrar website and how to check allotment
PS Raj Steels SME Timeline
Open, close, allotment, and listing dates
PS Raj Steels SME News
Updates, blogs, and latest IPO news
PS Raj Steels SME IPO Subscription FAQs
What is PS Raj Steels SME IPO subscription status today?
PS Raj Steels SME IPO subscription closed on 14 February 2025 with overall subscription of 9.82x (by shares) as of 27 August 2026, 4:32 AM IST. QIB 1.21x, NII 21.39x, IND 10.03x.
What is the overall subscription of PS Raj Steels SME IPO?
PS Raj Steels SME IPO is subscribed 9.82x overall by shares at close on 14 February 2025. QIB 1.21x, NII 21.39x, and IND 10.03x.
What is PS Raj Steels SME IPO QIB subscription?
PS Raj Steels SME IPO QIB (Qualified Institutional Buyers) subscription is 1.21x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is PS Raj Steels SME IPO IND subscription?
PS Raj Steels SME IPO IND subscription is 10.03x by shares. Retail bids are up to Rs 2 lakh per PAN.
What is PS Raj Steels SME IPO NII, SHNI, and BHNI subscription?
PS Raj Steels SME IPO NII subscription is 21.39x by shares. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) and BHNI (above Rs 10L).
What are PS Raj Steels SME IPO retail allotment chances?
PS Raj Steels SME IPO retail share subscription is 10.03x. Application data is needed for exact lottery chances.
What are PS Raj Steels SME IPO SHNI allotment chances?
PS Raj Steels SME IPO SHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
What are PS Raj Steels SME IPO BHNI allotment chances?
PS Raj Steels SME IPO BHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
When is PS Raj Steels SME IPO allotment date?
PS Raj Steels SME IPO allotment date is 17 February 2025. Check PS Raj Steels SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does PS Raj Steels SME IPO subscription close?
PS Raj Steels SME IPO subscription closed on 14 February 2025. No new applications are accepted after the close.
What is PS Raj Steels SME IPO GMP today?
PS Raj Steels SME IPO GMP is ₹3 today (+2.14% over issue price ₹140). See live GMP on the PS Raj Steels SME IPO GMP Today page.
What is PS Raj Steels SME IPO issue price and lot size?
PS Raj Steels SME IPO issue price is ₹140 per share. Lot size is 1000 shares. Minimum investment is ₹2,80,000 per lot (minimum 2 lots for SME). Issue size: ₹28.28 Cr.
When is PS Raj Steels SME IPO listing date?
PS Raj Steels SME IPO listing date is 19 February 2025 on NSE and BSE. Allotment is on 17 February 2025.
How does subscription affect PS Raj Steels SME IPO allotment?
In PS Raj Steels SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 9.82x overall, competition is moderate.
For allotment results from 17 February 2025, visit the PS Raj Steels SME IPO Allotment Status page. For listing day updates on 19 February 2025, download the IPOwiz App.
Sources
We match PS Raj Steels SME 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
- IPO RegistrarRegistrar details are on the allotment page 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 subscription data before it goes live.