P S Raj Steels Limited IPO is opening on 12 February 2025 and will run until 14 February 2025. This SME IPO will be raising ₹28.28 crore from a fresh issue of equity shares only. It will issue 20.20 lakh shares for the same purpose.
The P S Raj Steels IPO allotment date will be finalized on Monday, 17 February 2025. P S Raj Steels shares will probably be listed on NSE SME on Wednesday, 19 February 2025.
P S Raj Steels IPO price band has been set between ₹132 to ₹140 per share. The IPO lot size is 1000 per application, making the minimum investment for retail investors stand at ₹132000. For the HNIs, the minimum number of lots they have to buy is 2 which means 2000 shares summing up to ₹280000.
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P S Raj Steels NSE SME IPO Details
| Detail | Information |
| IPO Opening Date | February 12, 2025 |
| IPO Closing Date | February 14, 2025 |
| Tentative IPO Listing Date | February 19, 2025 |
| Face Value | ₹10 per share |
| Price Range | ₹132 ₹140 per share |
| Lot Size | 1000 shares |
| Total Issue Size | 2020000 Shares (₹28.28 Cr) |
| Fresh Issue | 2020000 Shares (₹28.28 Cr) |
| IPO Segment | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre-Issue | 5518314 shares |
| Share Holding Post-Issue | 7538314 shares |
P S Raj Steels Limited | Company Overview
P S Raj Steels Limited was established in 2004 and engaged in the manufacturing of stainless-steel pipes and tubes and it also deals in supplying these products.
Product Profile
- Outer Diameter (OD) Pipes: The diameter of these pipes varies from ½ inch to 18 inches
- Section Pipes: There are different section pipes which include square, rectangular, and oval shapes.
- Nominal Bore (NB) Pipes: These vary in length from 3/8 inch to 18 inches
- Slotted Pipes
The clientele of the firm includes companies from different sectors –
- Railways
- Household
- Gate railing
- Rice plants
- Furniture
- Food processing units
- Sugar mills
- Heat exchangers
The manufacturing units of the company are located in Hissar Haryana which is spread across three acres. It has a distribution network in 18 states and 77 dealerships within the country. Apart from these, the company engages directly with OEMs for all deliveries and customized solutions.
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P S Raj Steels Limited IPO | Key Details
- P S Raj Steels IPO Opening Date: February 12, 2025,
- P S Raj Steels IPO Closing Date: February 14, 2025.
- Allotment Date: February 17, 2025
- Price Band: ₹132 To ₹140 per share
- Lot Size: 1000 shares
- Refunds Initiated: February 14, 2025
- Shares Credited to Demat: February 14, 2025
- Listing Date: February 19, 2025
P S Raj Steels Ltd: Financial Overview
P S Raj Steels Limited’s profits rose by 74.25% in FY24 from an increase of 32.07% rise in the revenue.
Here are the details of the financials of the firm
Amounts in ₹ Crore
| Financial Information | 31-Mar-24 | 31-Mar-23 | Change | Change (%) |
| Assets | 52.07 | 74.12 | -22.05 | -29.7490556 |
| Revenue | 297.76 | 225.44 | 72.32 | 32.079489 |
| Profit After Tax | 6.36 | 3.65 | 2.71 | 74.24657534 |
| Net Worth | 30.6 | 24.3 | 6.3 | 25.92592593 |
| Reserve & Surplus | 29.99 | 23.69 | 6.3 | 26.59349937 |
| Total Borrowing | 17.8 | 18.02 | -0.22 | -1.2208657 |
P S Raj Steels Ltd IPO | FAQs
P S Raj Steels Ltd is engaged in the manufacturing of stainless-steel pipes and tubes and deals in supplies as well.
The tentative IPO listing date of P S Raj Steels has been fixed as Wednesday, February 19, 2025.
The bidding date for the P S Raj Steels IPO is February 12 2025, and it will continue until February 14 2025.
The minimum IPO lot size for P S Raj Steels is 1000 shares and for HNIs, the minimum number of lots is 2.
The IPO allotment is expected to be finalized on Monday, February 17, 2025.
The IPO face value is set at ₹10 per share.
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