PS Raj Steels Limited IPO

P S Raj Steels Ltd

₹1,32,000 /1000 sharesMinimum Investment

PS Raj Steels Limited IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹140.00₹145.00₹5.00 (3.57%)

PS Raj Steels Limited IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
12 Feb ‘25 - 14 Feb ‘25₹1,32,0001,000₹132 - ₹140
Issue SizeIPO Doc
28.28Cr
RHP PDF

Subscription rate

As of 14 Feb'25, 04:00 PM
Qualified Institutional Buyers1.21x
Non-Institutional Investor14.42x
Retail Individual Investor8.35x
Employees1.20x
Total7.00x

About PS Raj Steels Limited

PS Raj Steel Limited is in the business of manufacturing stainless steel pipes and tubes. The company's product range includes outer diameter, nominal bore, square, rectangular, oval, and slotted pipes, offering over 250 standard sizes for different industrial applications. PS Raj Steels provides products for various industries, including railways, furniture, household items, gate railings, door frames, rice plants, sugar mills, food processing, and heat exchangers. The company sells its products to both manufacturers and traders/stockists. These manufacturers use the products in industries such as railways, rice plants, sugar mills, food processing, machinery, decorative items, and furniture. Some of the products produced by these manufacturers include stainless steel trolleys for airports and pipes used in plant and machinery for sugar, rice, and food processing industries.;
Founded in
2004
Managing director
Mr. Deepak Kumar
Parent organisation
P S Raj Steels Ltd

Strengths & Financials of PS Raj Steels Limited

Strengths
Risks
The company is ISO 9001:2015 certified for quality management systems, ISO 14001:2015 certified for environmental management systems and ISO 45001:2018 certified for occupational health and safety (OH&S) management systems.
The company states that it has a cost-effective supply chain due to their proximity and partnership with Jindal Stainless Limited (“JSL”). JSL is located in close proximity. This decreases transportation costs and increases profitability.
The company claims to have a strong distribution network, spread over 18 states of India. They also have direct engagement with Original Equipment Manufacturers (OEMs).
The company also claims to be technologically updated and its manufacturing unit is well-equipped with machineries.
The company has seen a consistent increase in the revenue from operations and profit after tax (PAT) over the years. Revenue from operations increased from Rs 179.72 crore in FY22 to Rs 225.43 crore in FY23 to Rs 297.75 crore in FY24. PAT increased from Rs 3.57 crore in FY22 to Rs 3.65 crore in FY23 to Rs 6.36 crore in FY24.

PS Raj Steels Limited Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of PS Raj Steels Limited IPO

Apply asPrice bandApply upto
Regular132 - 140₹2 Lakh
Employee132 - 140₹2 Lakh
High Networth Individual132 - 140₹2 - 5 Lakh
For PS Raj Steels Limited IPO, eligible investors can apply as Regular & Employee.
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