PS Raj Steels IPO: Key Details and Summary
PS Raj Steels IPO Overview
PS Raj Steels IPO is set to open for subscription on February 12, 2025, and will close on February 14, 2025. This IPO follows a Book Built Issue format, aiming to raise approximately ₹28.28 crores, comprising a fresh issue of ₹28.28 crores.
The price band for PS Raj Steels IPO is set between ₹132 to ₹140 per share. The retail investor quota is 35%, while Qualified Institutional Buyers (QIBs) get 50%, and Non-Institutional Investors (NIIs) or HNIs get 15%.
PS Raj Steels IPO is scheduled for listing on the NSE SME platform on February 19, 2025. The basis of allotment will be finalized on February 17, 2025.
Company Financial Performance
- Revenue Growth: ₹297.76 crores in 2024 vs. ₹225.44 crores in 2023.
- Profit Increase: ₹6.36 crores in 2024 vs. ₹3.65 crores in 2023.
- IPO Outlook: Based on financials, the IPO is recommended for long-term investment.
PS Raj Steels IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | February 12, 2025 |
| IPO Close Date | February 14, 2025 |
| Face Value | ₹10 per equity share |
| Price Band | ₹132 to ₹140 per share |
| Issue Size | Approx ₹28.28 crores |
| Fresh Issue | ₹28.28 crores |
| Issue Type | Book Built Issue |
| IPO Listing | NSE SME |
| Retail Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII/HNI Quota | Not more than 15% |
PS Raj Steels IPO Market Lot
The minimum lot size for retail investors is 1,000 shares, requiring an investment of ₹1,40,000.
| Investor Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1000 | ₹1,40,000 |
| Retail Maximum | 1 | 1000 | ₹1,40,000 |
| S-HNI Minimum | 2 | 2000 | ₹2,80,000 |
PS Raj Steels IPO Important Dates
| Event | Date |
|---|---|
| IPO Open Date | February 12, 2025 |
| IPO Close Date | February 14, 2025 |
| Basis of Allotment | February 17, 2025 |
| Refund Initiation | February 18, 2025 |
| Credit to Demat | February 18, 2025 |
| IPO Listing Date | February 19, 2025 |
Promoters of PS Raj Steels IPO
The promoters of the company include:
- 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
- M/s Gaurav Gupta HUF
About PS Raj Steels Ltd
Founded in November 2004, PS Raj Steels Limited is a leading manufacturer and supplier of stainless steel pipes and tubes in India. The company’s product range includes:
- Outer Diameter Pipes
- Nominal Bore Pipes
- Section Pipes
- Slotted Pipes
Their products cater to fabrication (70%) and industrial applications (30%) across industries such as:
- Railways
- Furniture & Household Items
- Gate Railings & Door Frames
- Rice & Sugar Mills
- Food Processing & Heat Exchangers
PS Raj Steels operates a large manufacturing unit in Hisar, Haryana, covering three acres with a production capacity of 13,460 metric tons per year. The company specializes in customized pipe and tube products, offering 250+ standard sizes to meet diverse customer needs.
PS Raj Steels IPO Financial Report
| Year / Period | Revenue (₹ Cr) | Expense (₹ Cr) | Profit After Tax (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2022 | ₹179.89 | ₹175.17 | ₹3.57 | ₹45.94 |
| 2023 | ₹225.44 | ₹220.56 | ₹3.65 | ₹74.12 |
| 2024 | ₹297.76 | ₹289.29 | ₹6.36 | ₹52.07 |
| September 2024 | ₹139.12 | ₹133.95 | ₹3.87 | ₹55.36 |
PS Raj Steels IPO Valuation (FY2024)
| KPI | Value |
|---|---|
| ROE (Return on Equity) | 20.79% |
| ROCE (Return on Capital Employed) | 20.64% |
| EBITDA Margin | 3.63% |
| PAT Margin | 2.14% |
| Debt to Equity Ratio | 0.58 |
| EPS (Earnings Per Share) | ₹11.53 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 20.79% |
| Net Asset Value (NAV) | ₹55.45 |
Peer Group Comparison
| Company | EPS (₹) | PE Ratio | RoNW (%) | NAV (₹) | Income (₹ Cr) |
|---|---|---|---|---|---|
| Remi Edelstahl Tubular Ltd. | 1.26 | 79.37 | 3.20% | 39.57 | 118.33 Cr. |
| Venus Pipes & Tubes Ltd. | 42.36 | 31.82 | 21.17% | 200.09 | 805.38 Cr. |
| Suraj Limited | 11.90 | 34.45 | 17.84% | 66.68 | 334.12 Cr. |
Objects of the Issue
The proceeds from the IPO will be used to:
- Meet the working capital requirements of the company.
- Fund general corporate purposes to support business growth.
PS Raj Steels IPO Registrar
Bigshare Services Pvt Ltd
📞 Phone: +91-22-6263 8200
📧 Email: ipo@bigshareonline.com
🌐 Website: Bigshare Online IPO Status
PS Raj Steels IPO Lead Manager
Khambatta Securities Limited
Company Contact Details
📍 Address:
PS Raj Steels Limited,
V & P.O Talwandi Rukka, Hisar-125001
📞 Phone: +91-9812700024
📧 Email: cs@psrajsteels.com
🌐 Website: PS Raj Steels
PS Raj Steels IPO FAQs
✅ What is PS Raj Steels IPO?
PS Raj Steels IPO is an SME IPO raising ₹28.28 crores, priced at ₹132-₹140 per share, to be listed on NSE SME.
✅ When will PS Raj Steels IPO open?
The IPO will open on February 12, 2025, and close on February 14, 2025.
✅ What is the PS Raj Steels IPO listing date?
The IPO is scheduled to list on February 19, 2025.