P S Raj Steels IPO Details
P S Raj Steels IPO Summary
P S Raj Steels IPO opens for subscription on 12 Feb 2025 and closes on 14 Feb 2025.The IPO will be listed on NSE with the tentative listing date set for 19 Feb 2025.
P S Raj Steels IPO price band has been fixed at ₹132 – ₹140 per share. The face value is ₹10 per share with a lot size of 1000.
P S Raj Steels IPO total issue size comprises 20,20,000 shares (aggregating up to ₹28.28 Cr). This includes a fresh issue of 20,20,000 shares (aggregating up to ₹28.28 Cr). Pre-issue shareholding stands at 55,18,314, which will increase to 75,38,314 post-issue.
P S Raj Steels IPO carries a ₹3 (2.14%) GMP, reflecting investor sentiment.
P S Raj Steels IPO Lot Size :Retail Minimum is 1 lot (1,000 shares) amounting to ₹140,000. Retail Maximum is 1 lot (1,000 shares) amounting to ₹140,000. SHNI Minimum is 2 lots (2,000 shares) amounting to ₹280,000.
The Lead Managers for P S Raj Steels IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Khambatta Securities Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Nikunj Stock Brokers. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the P S Raj Steels Limited RHP.
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 dateOpen
- 14 Feb 2025Closing dateClose
- 17 Feb 2025Allotment Date Allotment
- 18 Feb 2025Initiation of RefundsRefund
- 18 Feb 2025Credit of SharesCredit
- 19 Feb 2025Listing dateListing
P S Raj Steels IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1000 | ₹140,000 |
| Retail Maximum | 1 | 1000 | ₹140,000 |
| SHNI Minimum | 2 | 2000 | ₹280,000 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
P S Raj Steels IPO Reservation
Promoter Holding
Documents
P S Raj Steels IPO Valuations
P S Raj Steels 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
P S Raj Steels FAQs
The P S Raj Steels IPO is a SME public issue comprising 2020000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹28.28 Cr. The issue price has been fixed at ₹140 per equity share, and the minimum application size is 1000 shares.
The IPO opens for subscription on 12 Feb 2025, and closes on 14 Feb 2025.
Bigshare Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE
As of now, the current GMP stands at ₹3 (2.14%).
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