PS Raj Steels IPO Allotment Status: Check Latest GMP, Steps To Verify Status

The bidding for PS Raj Steels Limited IPO started on Feb 12, 2025, and concluded on Feb 14, 2025. The basis of allotment will be finalised today, Feb 17, 2025. Know the procedure to check the allotment status on NSE SME and registrar’s websites. 

Check PS Raj Steels Limited IPO Allotment Status Online On NSE

• Head to the NSE’s IPO allotment verification status page here. 
• Select “Equity & SME IPO bid details.”
• In Select Symbol, select “PS Raj Steels Limited”
• Enter your PAN No. and application No.
• Click “Submit.”

Check PS Raj Steels Limited IPO Allotment Status On Bigshare Services Pvt Ltd

• Visit the Bigshare Services’ IPO allotment status page here. 
• Click any of the server links. 
• In Company Selection, select “PS Raj Steels Limited”
• Enter either your Application Number, Beneficiary ID or PAN. 
• Enter Captcha and Click “Search.”

IPO Details

PS Raj Steels Limited IPO is a book-built issue of Rs 28.28 crores, combining a fresh issue of Rs 20.20 lakh shares. The price band is set at ₹132 to ₹140 per share, and the tentative listing date on NSE SME is Feb 19, 2025. 

Khambatta Securities Limited is the book-running lead manager for the issue, Bigshare Services Pvt Ltd is the registrar, and Nikunj Stock Brokers Limited is the market maker.

Use of Proceeds

The net proceeds from the fresh issue will be used for the working capital requirement of the company.

PS Raj Steels Limited IPO - Overall Subscription Status

(February 14, 2025, end of the day)

PS Raj Steels Limited IPO was subscribed 9.82 times. Of these, 

• Retail investors subscribed 10.04 times, 
• Non-institutional investors (NII) subscribed 21.39 times, 
• Qualified Institutional Buyers (QIBs) subscribed 1.21 times.

GMP (Grey Market Premium) Details

As per the NDTV Profit media report on February 17, 2025, 9:30 a.m., the GMP for PS Raj Steels Limited IPO stood at Rs 0. This indicates that the expected percentage gain/loss per share is 0%.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.
Source: NDTV Profit dated February 17, 2024

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

PS Raj Steels Limited IPO Business Overview

PS Raj Steels Limited, established in November 2004, is a prominent Indian manufacturer and supplier of stainless steel pipes and tubes. The company offers a diverse product range, including Outer Diameter (OD) pipes, Nominal Bore (NB) pipes, and section pipes in square, rectangular, and oval shapes. With over 250 standard product sizes and customization options, their products cater to various sectors such as railways, furniture, food processing, and heat exchangers.

The company's manufacturing facility is located in Hisar, Haryana, spanning an area of 3 acres. This facility is equipped with advanced machinery and equipment, adhering to international standards to meet bulk requirements. 

 PS Raj Steels has established a diverse distribution network across 18 Indian states, supported by 77 dealers, and engages directly with Original Equipment Manufacturers (OEMs) to ensure timely deliveries and tailored solutions.

Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.

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