P S Raj Steels Limited

P S Raj Steels Limited

SME NSE SME 100% Book Built Offer
Closed

Price Band

₹132 - ₹140

Total Issue

₹28.28 Cr

Bid Dates

12 Feb - 14 Feb

Subscription

8.68x

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

P S Raj Steels is a leading manufacturer and supplier of stainless-steel pipes and tubes in India, offering over 250 standard sizes including OD pipes, NB pipes, section pipes, and slotted pipes. In addition to manufacturing, the company also trades in stainless-steel coils, strips, sheets, plates, and bars—accounting for around 25–30% of its revenue as of March and September 2024. Their products cater to diverse sectors such as railways, furniture, households, gate railings, door frames, rice plants, sugar mills, food processing, and heat exchangers.

Lot Info

Lot Information for P S Raj Steels IPO
Category Lots Shares Amount
Individual (Min) 1 1,000 ₹1,40,000
Individual (Max) 1 1,000 ₹1,40,000
S-HNI (Min) 2 2,000 ₹2,80,000
S-HNI (Max) 7 7,000 ₹9,80,000
B-HNI (Min) 8 8,000 ₹11,20,000
Market Maker
1,01,000 EQ Share
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹28.28 Cr
Fresh Issue
₹28.28 Cr (0.20 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹0
Est. Price ₹140
Est. Gain 0.00%

P S Raj Steels IPO Peer Comparison

(Rs. in crores)

P S Raj Steels IPO Peer Comparison Table
Particulars Co. Remi Edelstahl Tubular Venus Pipes & Tubes Suraj
Revenue from Ops (in Crs.) 297.75 117.13 802.20 330.67
PAT (In Crs.) 6.36 1.39 85.98 21.85
EPS - Basic 11.53 1.26 42.36 11.90
NAV per share 55.45 39.57 200.09 66.68
RONW 20.79% 3.20% 21.17% 17.84%
EBITDA 3.63% 6.02% 18.64% 13.24%
PAT Margin 2.14% 1.19% 10.72% 6.61%
Price to earning (PE) 12.14 79.37 31.82 34.45
Debt to Equity 0.58 0.70 0.37 0.27
  • All the information pertains to FY 2023-24
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 31, 2024 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for P S Raj Steels IPO
Particulars Sep-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 139.11 297.75 225.43 179.72
Profit after Tax 3.87 6.36 3.65 3.57
Net Worth 34.43 30.60 24.30 20.65
Total Borrowing 17.25 17.80 18.02 17.09
Total Assets 55.36 52.07 74.12 45.94
NAV per share (in ₹) 62.39 55.45 44.04 37.42
EPS - Basic (in ₹) 7.01 11.53 6.62 6.47

KPIs

EBITDA

3.63%

PAT

2.14%

ROE

20.79%

ROCE

20.64%

Debt to Equity

0.58

PE Ratio

12.14

PB Ratio

2.52

Mkt Cap (in Crs.)

105.54

  • All Ratios are based on Mar 24
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.

Shareholding

Promoter

30.21%

Public

69.79%

Raj Kumar Gupta 19.51%
Vishal Gupta 14.31%
Gaurav Gupta 10.82%
M/s Raj Kumar HUF 10.71%

Management

Mr. Deepak Kumar MD
Mr. Vinod Kumar CFO

Registrar & Lead Managers

Registrar

Bigshare Services

Bigshare Services

Lead Managers (1)

Khambatta Securities Khambatta Securities

Subscription Status

Updated as on 14-Feb-2025 19:00:18 hrs

Category Sub (x) Offered Bids
QIB 0.81x 5,69,000 4,60,000
NII 21.39x 2,85,000 60,97,000
Retail 10.04x 6,65,000 66,75,000
Employee 1.20x 20,000 24,000
Total 8.61x 15,39,000 1,32,56,000

Frequently Asked Questions

What is P S Raj Steels IPO?
P S Raj Steels IPO is a SME IPO having an issue size of ₹28.28 Crs. P S Raj Steels IPO is priced at ₹132 - ₹140 per share. The issue opens on 12 Feb 25 and closes on 14 Feb 25.
When will P S Raj Steels IPO open?
P S Raj Steels IPO opens on 12 Feb 25 and closes on 14 Feb 25.
What is the GMP of P S Raj Steels IPO?
The estimated Grey Market Premium of P S Raj Steels IPO is ₹0 per share (0.00%).
What is the lot size of P S Raj Steels IPO?
The minimum lot size of P S Raj Steels IPO is 1000 shares & the minimum application amount is Rs. 140000.
When is the allotment of P S Raj Steels IPO?
The allotment date of P S Raj Steels IPO is 17 Feb 25.
What is the listing date of P S Raj Steels IPO?
The listing date of P S Raj Steels IPO is 19 Feb 25.
What is the subscription of P S Raj Steels IPO?
P S Raj Steels IPO is subscribed 8.68 times.
What is the price band of P S Raj Steels IPO?
P S Raj Steels IPO is priced at ₹132 - ₹140 per share.
How to check allotment status of P S Raj Steels IPO?
Click the allotment link on P S Raj Steels IPO page of IPO360.
How to apply P S Raj Steels IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply P S Raj Steels IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply P S Raj Steels IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select P S Raj Steels IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date