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P S Raj Steels IPO is a book build issue of ₹28.28 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹28.28 crore.
P S Raj Steels IPO bidding started from Feb 12, 2025 and ended on Feb 14, 2025. The allotment for P S Raj Steels IPO was finalized on Feb 17, 2025. The shares got listed on NSE SME on Feb 19, 2025.
P S Raj Steels IPO price band is set at ₹140.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,32,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,80,000.
The issue includes a reservation of up to 20,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Khambatta Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to P S Raj Steels IPO RHP for detailed Information.
| IPO Date | February 12, 2025 to February 14, 2025 |
| Listing Date | February 19, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹132 to ₹140 per share |
| Issue Price Final | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 20,20,000 shares (aggregating up to ₹28.28 Cr) |
| Reserved for Market Maker | 1,01,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹1.41 Cr) |
| Net Offered to Public | 19,19,000 shares (aggregating up to ₹26.87 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 55,18,314 shares |
| Share Holding Post Issue | 75,38,314 shares |
P S Raj Steels IPO offers total 20,20,000 shares. Out of which 9,49,000 (46.98%) allocated to QIB, 3,80,000 (18.81%) allocated to QIB (Ex- Anchor), 2,85,000 (14.11%) allocated to NII, 6,65,000 (32.92%) allocated to RII and 5,69,000 (28.17%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,01,000 (5.00%) |
| QIB Shares Offered | 9,49,000 (46.98%) |
| − Anchor Investor Shares Offered | 5,69,000 (28.17%) |
| − QIB (Ex. Anchor) Shares Offered | 3,80,000 (18.81%) |
| NII (HNI) Shares Offered | 2,85,000 (14.11%) |
| Retail Shares Offered | 6,65,000 (32.92%) |
| Employee Shares Offered | 20,000 (0.99%) |
| Total Shares Offered | 20,20,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
P S Raj Steels IPO raises ₹7.97 crore from anchor investors. P S Raj Steels IPO Anchor bid date is February 11, 2025. P S Raj Steels IPO Anchor Investors list
| Bid Date | February 11, 2025 |
| Shares Offered | 5,69,000 |
| Anchor Portion Size (In Cr.) | 7.97 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 19, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 18, 2025 |
P S Raj Steels IPO opens on February 12, 2025, and closes on February 14, 2025.
| IPO Open Date | Wed, Feb 12, 2025 |
| IPO Close Date | Fri, Feb 14, 2025 |
| Tentative Allotment | Mon, Feb 17, 2025 |
| Initiation of Refunds | Tue, Feb 18, 2025 |
| Credit of Shares to Demat | Tue, Feb 18, 2025 |
| Tentative Listing Date | Wed, Feb 19, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 14, 2025 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,40,000 |
| Retail (Max) | 1 | 1,000 | ₹1,40,000 |
| HNI (Min) | 2 | 2,000 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
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
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 55.36 | 52.07 | 74.12 | 45.94 |
| Total Income | 139.12 | 297.76 | 225.44 | 179.89 |
| Profit After Tax | 3.87 | 6.36 | 3.65 | 3.57 |
| Net Worth | 34.43 | 30.6 | 24.3 | 20.65 |
| Reserves and Surplus | 28.91 | 29.99 | 23.69 | 20.04 |
| Total Borrowing | 17.25 | 17.8 | 18.02 | 17.09 |
| Amount in ₹ Crore | ||||
The market capitalization of P S Raj Steels IPO is ₹105.54 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 20.79% |
| ROCE | 20.64% |
| Debt/Equity | 0.58 |
| RoNW | 20.79% |
| PAT Margin | 2.14% |
| Price to Book Value | 2.52 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 11.53 | 10.26 |
| P/E (x) | 12.14 | 13.65 |
The company intends to utilize the proceeds of the Issue to meet the following objectives: -
[Dilip Davda] PRSL is manufacturing and supplying SS Pipes and Tubers. It is also trading in SS Coils, strips, sheets, plates and bars. The company posted steady growth in its top and bottom lines for the reported periods. Based on recent financial performance, the issue appears fully priced. Small paid-up equity post-IPO indicates longer gestation period for migration. Well-informed investors may park moderate funds for long term. Read detail review...
| Listing Date | February 19, 2025 |
| BSE Script Code | |
| NSE Symbol | PSRAJ |
| ISIN | INE0XUS01012 |
| Final Issue Price | ₹140 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹140.00 |
| Open | ₹145.00 |
| Low | ₹145.00 |
| High | ₹152.25 |
| Last Trade | ₹150.60 |
P S Raj Steels Ltd.
V & P.O
Talwandi Rukka
Hisar
Hisar, Haryana, 125001
Phone: +91-9812700024
Email: cs@psrajsteels.com
Website: http://www.pssrgroup.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
P S Raj Steels IPO is a SME IPO of 20,20,000 equity shares of the face value of ₹10 aggregating up to ₹28.28 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000.
The IPO opens on February 12, 2025, and closes on February 14, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in P S Raj Steels IPO using UPI as a payment gateway. Zerodha customers can apply in P S Raj Steels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in P S Raj Steels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The P S Raj Steels IPO opens on February 12, 2025 and closes on February 14, 2025.
P S Raj Steels IPO lot size is 1000, and the minimum amount required for application is ₹1,40,000.
You can apply in P S Raj Steels IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for P S Raj Steels IPO will be done on Monday, February 17, 2025, and the allotted shares will be credited to your demat account by Tuesday, February 18, 2025. Check the P S Raj Steels IPO allotment status.
The P S Raj Steels IPO listing date is on Wednesday, February 19, 2025.
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