PS Raj Steels IPO
- IPO Date12 Feb, 2025 to 14 Feb, 2025
- Listing Date19 Feb, 2025
- Face Value₹10 per share
- Issue Price₹132 to ₹140 per share
- Lot Size1000 Shares
- Minimum Investment₹1,40,000
- Listing AtNSE SME
- Total Issue Size20,20,000 Shares
(aggregating up to ₹28.28 Cr) - Fresh Issue20,20,000 Shares
(aggregating up to ₹28.28 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue55,18,314
- Shareholding post issue75,38,315
IPO Dates
Closing Date
14 Feb, 2025
Initiation of Refunds
18 Feb, 2025
Listing Date
19 Feb, 2025
12 Feb, 2025
Opening Date
17 Feb, 2025
Basis of Allotment
18 Feb, 2025
Credit of Shares
PS Raj Steels Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,40,000 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 1000 | ₹1,40,000 |
| S-HNI (Max) | - | - | - |
| S-HNI (Min) | 2 | 2000 | ₹2,80,000 |
PS Raj Steels Promoter Holding
The promoters of the company are Mr Raj Kumar Gupta, Mr Deepak Kumar, Mr Gaurav Gupta, Mr Vishal Gupta, Ms Nikita Gupta, M/s Raj Kumar HUF, M/s Deepak Kumar HUF and M/s Gaurav Gupta HUF.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | - |
PS Raj Steels COMPANY INFORMATION
PS Raj Steels IPO is a book built issue of Rs 28.28 crores. The issue is entirely a fresh issue of 20.20 lakh shares. PS Raj Steels IPO opens for subscription on February 12, 2025 and closes on February 14, 2025. The allotment for the PS Raj Steels IPO is expected to be finalized on Monday, February 17, 2025. PS Raj Steels IPO will list on NSE SME with tentative listing date fixed as Wednesday, February 19, 2025. PS Raj Steels IPO price band is set at ₹132 to ₹140 per share. The minimum lot size for an application is 1000. The minimum amount of investment required by retail investors is ₹1,40,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹2,80,000. Khambatta Securities Limited is the book running lead manager of the PS Raj Steels IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for PS Raj Steels IPO is Nikunj Stock Brokers Limited. Refer to PS Raj Steels IPO RHP for detailed information.
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.
P S Raj Steels IPO
IPO Overview and Key Highlights
P S Raj Steels Limited, a Haryana-based company engaged in steel manufacturing and trading, is launching its Initial Public Offering (IPO). The IPO consists of a fresh issue of up to 20,20,000 equity shares with a face value of ₹10 per share. There is no Offer for Sale (OFS), making it a 100% fresh issue. The funds raised will be utilized for business expansion, working capital, and general corporate purposes. The shares will be listed on the NSE EMERGE platform.
Key IPO Details
- Type of Issue • Fixed Price Issue
- Total Issue Size • 20,20,000 equity shares
- Face Value • ₹10 per share
- Issue Price • To be determined
- Offer Opens • To be determined
- Offer Closes • To be determined
- Listing Exchange • NSE EMERGE
Company Overview
P S Raj Steels Limited was originally incorporated as P S Raj Steels Private Limited in 2004. The company was later converted into a public limited company in 2024. It is engaged in manufacturing and trading of steel products for various industrial applications.
- Promoters • Not explicitly mentioned in the document snippet
- Headquarters • Hisar, Haryana
- Corporate Identification Number (CIN) • U27109HR2004PLC035523
Financial Overview
P S Raj Steels Limited has demonstrated consistent revenue growth, leveraging its strong market presence in the steel industry. The IPO proceeds will be used to increase production capacity, improve infrastructure, and strengthen financial stability.
Key Strengths of P S Raj Steels
- Established Market Presence • Operating since 2004 with a strong domestic presence.
- No OFS • Entire issue is a fresh issue, ensuring funds go directly into business growth.
- Expansion Plans • Focus on increasing production and product diversification.
- Experienced Management • Led by professionals with in-depth industry knowledge.
IPO Pros and Cons
Pros
- Growing Steel Industry • Rising demand for steel products in construction and manufacturing.
- Proceeds Utilization • Funds allocated for working capital and expansion.
- Listing on NSE EMERGE • Offers better visibility and credibility.
Cons
- Market Dependency • Revenue depends on steel industry trends and demand.
- Competitive Industry • Faces competition from larger domestic and international steel manufacturers.
- Raw Material Costs • Fluctuating material prices may impact profitability.
Risk Factors
Potential investors should consider the following risks before investing:
- Industry Volatility • Dependence on raw material pricing and market demand.
- Operational Challenges • Scaling production while maintaining efficiency.
- Regulatory Compliance • Adherence to environmental and safety regulations.
Conclusion
The P S Raj Steels Limited IPO presents an opportunity to invest in a well-established steel manufacturing company with strong industry experience. With no Offer for Sale, all funds raised will be used for business expansion, making it an attractive investment. However, investors should consider factors like market dependency, competition, and raw material costs before making a decision.
FAQs About Ps Raj Steels Ipo
PS Raj Steels IPO will open on 12 Feb, 2025 and close on 14 Feb, 2025. Investors must apply within this period to participate.
The PS Raj Steels IPO price band is set between ₹132.00 and ₹140.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹140000.00.
The PS Raj Steels IPO shares are expected to be listed on 19 Feb, 2025, subject to regulatory approvals and final allotment.
You can track your PS Raj Steels IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The PS Raj Steels IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.