5.30x
subscribed
PS Raj Steels IPO
Steel & Iron Products
listed
5.30x
subscribed
₹1.32LMin. investment
PS Raj Steels Limited IPO Details
Issue size
₹28Cr
IPO type
SME
Market Cap
₹105.54CrLower than sector avg
Price range
₹132 – ₹140
Listing ExchangeNSE
RevenueApr 2023 - Mar 2024
₹297.74CrLower than sector avg
Lot size
1000 shares
Red Herring Prospectus
Read
Growth rate3Y CAGR
18.33%
SectorSteel & Iron Products
Price range₹132 – ₹140
IPO type
SME
Lot size1000 shares
Issue size₹28Cr
Red Herring Prospectus
Read
Market Cap
₹105.54CrLower than sector avg
RevenueApr 2023 - Mar 2024
₹297.74CrLower than sector avg
Growth rate3Y CAGR
18.33%
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Working capital requirements
The company will allocate ₹26.50 Cr for its own working capital needs.About PS Raj Steels Limited
PS Raj Steels Limited is a leading manufacturer and supplier of stainless-steel pipes and tubes in India. Offering a wide range of products in over 250 sizes, including OD, NB, section, and slotted pipes, the company also trades stainless-steel coils, sheets, plates, and bars. Serving industries like railways, food processing, and sugar mills, their products are used in applications such as machinery, gate railings, and heat exchangers. With a state-of-the-art manufacturing unit in Hisar, Haryana, PS Raj Steels ensures high-quality products and efficient bulk production.
PS Raj Steels IPO Subscription Status
Latest News on PS Raj Steels IPO
PS Raj Steels IPO allotment: The ₹28.28-crore initial public offer of the stainless steel pipes manufacturer was open for bidding from February 12 to February 14. PS Raj Steels' IPO listing has been tentatively scheduled for February 19.
4 min read
As the minimum bid quantity to apply for the PS Raj Steels IPO was 1,000 shares, successful bidders who were allotted shares in the primary issue were sitting on nominal listing gains of ₹5,000 per lot (₹5 x 1,000) as soon as the stock started trading in the secondary market.
3 min read
Frequently asked questions
How to invest in the PS Raj Steels IPO ?
Investors can apply for the PS Raj Steels IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of PS Raj Steels IPO ?
The issue size of the PS Raj Steels IPO is 28 Cr.
What is 'pre-apply' for PS Raj Steels IPO ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will PS Raj Steels IPO shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.