P S Raj Steels Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 949,000 (47%) | — | ₹1,329 Cr |
| NII (HNI) | — | 285,000 (14%) | — | ₹399 Cr |
| Retail | — | 665,000 (33%) | — | ₹931 Cr |
| Market Maker | — | ,1,000 (5%) | — | ₹0 Cr |
| Σ Total | — | 2,020,000 (100%) | — | ₹28,280 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹140,000 |
| Retail (Max) | 13 | 13,000 | ₹1,820,000 |
| S-HNI (Min) | 14 | 14,000 | ₹1,960,000 |
| B-HNI (Min) | 67 | 67,000 | ₹9,380,000 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 139 | 298 | 225 |
| Profit After Tax | 4 | 6 | 4 |
| Net Worth | 34 | 31 | 24 |
| Total Assets | 55 | 52 | 74 |
| Reserves & Surplus | 29 | 30 | 24 |
| Total Borrowing | 17 | 18 | 18 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To meet the working capital requirements of the CompanyTo meet the working capital requirements of the Company –
Company Overview
Incorporated in November 2004, PS Raj Steels Limited manufactures and supplies stainless steel pipes and tubes in India.
The company's product range includes the following
- Outer Diameter (OD) Pipes (from ½ inch to 18 inches);
- Nominal Bore (NB) Pipes (from 3/8 inch to 18 inches);
- Section Pipes (square, rectangular and oval shapes);
- Slotted Pipes.
The company's products cater to various sectors, including railways, furniture, households, gate railing, door frames, rice plants, sugar mills, food processing, and heat exchangers.
The company's manufacturing unit is situated in Hissar, Haryana and is spread across an area of 3 acres.
The company has a distribution network across 18 Indian states and engages directly with OEMs for timely deliveries and tailored solutions.
The company has a strong network of 77 dealers spread across the different states of the country.
As of January 31, 2025, the company employs a total of 114 employees, including non-contract labor.
Competitive Strength
- Strong Distribution and Customer Focus.
- Experienced Promoters and senior management team.
- Integrated manufacturing facility.
- Long Association with the Stainless-Steel Industry.