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PS Raj Steels IPO
5.30xsubscribed

PS Raj Steels IPO

Steel & Iron Products
listed
₹1.32LMin. investment

PS Raj Steels Limited IPO Details

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%

PS Raj Steels IPO Subscription Status

Date
QIB
NII
Retail
Total
12-Feb-25
0.79 times (X)
0.0 times (X)
1.95 times (X)
1.2 times (X)
13-Feb-25
0.79X
0.0X
5.38X
2.92X
14-Feb-25
1.21X
0.0X
9.91X
5.3X

As on 12-Feb-25, 5:30 PM

PS Raj Steels IPO Timeline

  1. Pre-apply
    10 Feb 2025
  2. Bid start
    12 Feb 2025
  3. Bid end
    14 Feb 2025
  4. Allotment
    17 Feb 2025
  5. Release of funds
    18 Feb 2025
  6. Demat transfer
    18 Feb 2025
  7. Listing
    19 Feb 2025

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.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
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Objectives of Ps Raj Steels Limited IPO

Working capital requirements
The company will allocate ₹26.50 Cr for its own working capital needs.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹297.74Cr18.33%₹6.36Cr₹105.54Cr12.140.58
This sector (avg.)₹3,652.65Cr0%₹112.07Cr₹6,638.34Cr114.910.53
₹1,68,824Cr---₹3,491Cr₹2,96,623Cr39.881.50
₹2,18,542.51Cr---₹3,173.78Cr₹2,41,094.5Cr35.361.04
₹39,312.21Cr---₹2,499.72Cr₹67,753.99Cr23.050.38

*Revenue for financial year 2023-24. Lower P/E and D/E ratios are generally preferred.

PS Raj Steels IPO Contact Details

Company NamePS Raj Steels Limited

How to apply for PS Raj Steels IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Ps Raj Steels Limited IPO FAQs