P S Raj Steels Limited
Bookbuilding IPO · NSE
- Price band
- ₹132 - ₹143
- Lot size
- 1,000 shares
- Issue amount
- ₹28.28 cr
- Total subscription
- 9.89×
- Opens
- 12 Feb 2025
- Closes
- 14 Feb 2025
- Allotment
- 17 Feb 2025
- Listing
- 19 Feb 2025
Offer at a glance
Issue overview
- Issue size
- 20,20,000 shares
- Face value
- Rs.10
- Minimum investment
- ₹1,32,000
- Fresh issue
- ₹28.28 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,40,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 55,18,314
- Shares after issue
- 75,38,314
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,000 | ₹1,40,000 |
| HNI | 2 | 2,000 | ₹2,80,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 3 |
| NIB | — | 318 |
| RETAIL | — | 6,675 |
| EMPLOYEES | — | 17 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 5.32 | 6.44 |
| RETAIL | 9.31 | 93.45 |
| EMPLOYEES | 0.28 | 0.34 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 7.01 | 11.53 | 6.62 |
| ROE | 11.23 | 20.79 | 15.03 |
| ROCE | 11.51 | 20.64 | 14.56 |
| RONW | 11.23 | 20.79 | 15.03 |
| PRE IPO(PE) | 0 | 12.14 | 0 |
| POST IPO(PE) | 13.65 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in November 2004, PS Raj Steels Limited is a leading Indian manufacturer and supplier of stainless steel pipes and tubes, catering to industries such as railways, furniture, households, food processing, and heat exchangers. Its product range includes OD pipes (½ inch to 18 inches), NB pipes (3/8 inch to 18 inches), section pipes in square, rectangular, and oval shapes, and slotted pipes. The company operates a modern 3-acre manufacturing facility in Hissar, Haryana, equipped with advanced technology and strict quality controls. With a strong presence across 18 states and a network of 77 dealers, PS Raj Steels works closely with OEMs to deliver customized, high-quality products on time. As of January 2025, it employs 114 people, supporting its continued growth and operations.
Strengths
- Strong Distribution and Customer Focus – PS Raj Steels has a well-connected distribution network across 18 states, working with 77 dealers and directly partnering with OEMs to provide timely deliveries and customized solutions.
- Experienced Leadership – Led by a knowledgeable team of promoters and senior management, the company benefits from years of industry expertise and a clear strategic vision for growth.
- Advanced Manufacturing Facility – Spread across 3 acres in Hissar, Haryana, the company’s facility is equipped with modern technology and strict quality controls to ensure top-quality stainless steel products.
Risk factors
- Decline in Trading Sales – Trading sales are expected to decrease in FY 2025 due to fewer transactions with a group entity, which may impact overall revenue.
- Dependence on Related Parties – A portion of the company’s revenue comes from related parties or group entities. Losing any of these customers could affect financial performance.
- Geographic Concentration Risk – The company operates mainly in four states, making it more vulnerable to regional economic shifts, regulatory changes, and local market conditions.
Promoters
Mr Raj Kumar Gupta
Mr Deepak Kumar
Mr Gaurav Gupta
Mr Vishal Gupta
Ms Nikita Gupta
M/s Raj Kumar
M/s Deepak Kumar
M/s Gaurav Gupta
Objects of the issue
0
Registrar & documents
Lead manager
Khambatta Securities Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
V & P.O Talwandi Rukka Hisar-125001
+91-9812700024
[email protected]Company website ↗Understanding PSRAJ IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.