P S Raj Steels Limited - IPO
SMEP S Raj Steels Stock Price
P S Raj Steels IPO Details
P S Raj Steels IPO Subscription
P S Raj Steels IPO Application Wise Breakup
P S Raj Steels IPO Dates
- 12 Feb 2025Opening dateOPD
- 14 Feb 2025Closing dateCOD
- 17 Feb 2025Basis of AllotmentBOA
- 18 Feb 2025Initiation of RefundsIOR
- 18 Feb 2025Credit of SharesCOS
- 19 Feb 2025Listing dateLID
P S Raj Steels IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 1000 | ₹140,000 |
| Retain Maximum | 1 | 1000 | ₹140,000 |
| HNI Minimum | 2 | 2000 | ₹280,000 |
P S Raj Steels IPO Reservation
Promoter Holding
P S Raj Steels IPO Valuations
P S Raj Steels Limited Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 55.36 | 52.07 | 74.12 | 45.94 | ||||||||||||||||||||||||||||||||||||
| Revenue | 139.12 | 297.76 | 225.44 | 179.89 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 3.87 | 6.36 | 3.65 | 3.57 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 34.43 | 30.6 | 24.3 | 20.65 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 28.91 | 29.99 | 23.69 | 20.04 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 17.25 | 17.8 | 18.02 | 17.09 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
About P S Raj Steels IPO
Incorporated in November 2004, PS Raj Steels Limited manufactures and supplies stainless steel pipes and tubes in India.
The company's product range includes the following
- Outer Diameter (OD) Pipes (from ½ inch to 18 inches);
- Nominal Bore (NB) Pipes (from 3/8 inch to 18 inches);
- Section Pipes (square, rectangular and oval shapes);
- Slotted Pipes.
The company's products cater to various sectors, including railways, furniture, households, gate railing, door frames, rice plants, sugar mills, food processing, and heat exchangers.
The company's manufacturing unit is situated in Hissar, Haryana and is spread across an area of 3 acres.
The company has a distribution network across 18 Indian states and engages directly with OEMs for timely deliveries and tailored solutions.
The company has a strong network of 77 dealers spread across the different states of the country.
As of January 31, 2025, the company employs a total of 114 employees, including non-contract labor.
Strength Of P S Raj Steels IPO
1. Strong, experienced and dedicated senior management team and qualified workforce.
2. Long term relationship with Jindal Stainless Limited.
3. Cost effective supply chain.
4. Ability to provide good quality services and customer satisfaction.
5. Ability to scout for new opportunities and capitalising the same.
6. Consistent track record of growth and financial performance.
7. Well known name in Stainless Steel Pipes & Tubes.
8. Geographical presence in more than 18 states of India.
9. Ability to serve diverse customer needs.
Risk Of P S Raj Steels IPO
1. Our Company's sale from trading is expected to decrease in F.Y. 2025 due to decrease in sales to group entity.
2. The part of the revenue earned by our Company is from the Related Parties/ Group Entities. The loss of any of them may affect the revenue of our Company negatively.
3. Our business is largely concentrated in four states ("States") and is affected by various factors associated with these states.
4. Our Company has reported certain negative cash flows from its investing activities and financing activities, details of which are given below. Sustained negative cash flow could impact our growth and business.
5. We source approximately 95% of our raw material requirement from a single supplier, Jindal Stainless Limited ("JSL"). Cancellation or any delay by JSL or any disruption/ strike/ lock-outs in their business operation could have a material adverse effect on our business, production, sales and financial condition.
6. We do not have any long-term agreements with Jindal Stainless Limited, our key supplier, for the continuous supply of raw material. Absence of such agreements leaves us vulnerable to sudden disruptions in supply, potential price increases, or unfavourable adjustments to supply terms, all of which could adversely affect our production schedules and financial stability.
7. Our cost of production is exposed to fluctuations in the prices of raw material particularly HR Coil and CR Coil. Fluctuations in the prices of these raw materials can have a significant impact on our production costs and overall financial performance.
8. Our Company is dependent on few numbers of customers. Any loss of top 10 customers will significantly affect our revenues and profitability.
9. We do not have long-term agreements with any of our customers, the loss of one or more of them or a reduction in their demand for our products could adversely affect our business, results of operations, financial condition and cash flows.
10. Our Company, our Promoters/ Directors and our Group Entities are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
Objectives P S Raj Steels IPO
- To meet the working capital requirements of the Company
Company Contact Details
PS Raj Steels Limited
V & P.O
Talwandi Rukka
Hisar-125001
Phone: +91-9812700024
Email: cs@psrajsteels.com
Website: http://www.pssrgroup.com/
Registrar Contact Details
Lead Mangers
Khambatta Securities Limited
Market Maker
Nikunj Stock Brokers