PS Raj Steels IPO – Details, Price, Allotment, and Investment Insights

The much-anticipated PS Raj Steels IPO is set to open for subscription on February 12, 2025, and will close on February 14, 2025. This Book Built Issue IPO aims to raise approximately ₹28.28 crores, comprising a fresh issue of ₹28.28 crores and an offer for sale (OFS) of up to [.] equity shares with a face value of ₹10 each.

PS Raj Steels IPO Price Band & Market Quota

• IPO Price Band: ₹132 to ₹140 per share
• Retail Investor Quota: 35%
• Qualified Institutional Buyers (QIB): 50%
• High Net Worth Individuals (HNI): 15%

The IPO allotment date is February 17, 2025, and the shares are expected to be listed on NSE on February 19, 2025.

PS Raj Steels Financial Performance

The company has shown strong revenue and profit growth in recent years, making it an attractive investment option for long-term investors.

• FY 2024 Revenue: ₹297.76 crores (up from ₹225.44 crores in FY 2023)
• FY 2024 Profit: ₹6.36 crores (compared to ₹3.65 crores in FY 2023)

With a solid financial track record, PS Raj Steels IPO presents a compelling opportunity for investors looking for long-term growth potential. Analysts suggest that long-term investors should consider applying for this IPO, given the company’s consistent financial growth.

PS Raj Steels IPO Date & Price Band Details

PS Raj Steels: Company Overview, Strengths, and Risks

PS Raj Steels Limited is a prominent manufacturer and supplier of stainless steel pipes and tubes in India. Established in 2004, the company has carved a niche for itself by offering a wide range of products, including:

• Outer Diameter (OD) Pipes: Ranging from ½ inch to 18 inches
• Nominal Bore (NB) Pipes: Ranging from 3/8 inch to 18 inches
• Section Pipes: In square, rectangular, and oval shapes  
• Slotted Pipes

With over 250 standard sizes and a focus on customized solutions, PS Raj Steels caters to diverse sectors such as railways, furniture, household applications, gate railings, door frames, rice plants, sugar mills, food processing, and heat exchangers.

The company’s state-of-the-art manufacturing unit in Hisar, Haryana, spans three acres and has an installed capacity of 13,460 metric tons per annum. This facility, coupled with a robust distribution network across 18 Indian states and 77 dealers, enables PS Raj Steels to efficiently serve its clients.  

PS Raj Steels is currently preparing for its Initial Public Offering (IPO) to raise capital for working capital requirements.

Strengths

• Wide Product Range: Offers an extensive variety of stainless steel pipes and tubes, catering to diverse customer needs.
• Customization: Focuses on providing tailored solutions to meet specific customer requirements.
• Strong Manufacturing Infrastructure: Equipped with a modern manufacturing unit and a significant production capacity.
• Extensive Distribution Network: Reaches customers across India through a well-established distribution network.
• Experienced Management: Led by a team with extensive experience in the stainless steel industry.

Risks

• Competition: Faces competition from other players in the stainless steel pipe and tube market.
• Raw Material Price Fluctuations: The price of stainless steel, a key raw material, can fluctuate, impacting profitability.
• Economic Downturn: A slowdown in the overall economy could affect demand for the company’s products.
• Dependence on Certain Sectors: A significant portion of revenue comes from specific sectors, making the company vulnerable to downturns in those sectors.
• Working Capital Requirements: The company’s working capital needs are significant, and any shortfall could impact operations.

PS Raj Steels IPO Market Lot

PS Raj Steels IPO offers investors an exciting opportunity with a minimum market lot of 1000 shares. The application amount required to invest in this IPO is ₹1,40,000. Make sure to explore all the details about this PS Raj Steels IPO to ensure you’re fully prepared for the subscription.

PS Raj Steels IPO Allotment & Listing Dates

The PS Raj Steels IPO is scheduled to open for subscription on February 12, 2025, and will close on February 14, 2025. This highly anticipated PS Raj Steels IPO will offer investors the opportunity to participate in a promising steel sector offering. The IPO allotment is expected to be finalized on February 17, 2025, with the company’s shares set to list on the NSE and BSE on February 19, 2025.

PS Raj Steels IPO: Promoters & Key Shareholders

The promoters behind PS Raj Steels IPO include the esteemed Mr. Raj Kumar Gupta, Mr. Deepak Kumar, Mr. Gaurav Gupta, Mr. Vishal Gupta, and Ms. Nikita Gupta. Additionally, the HUF (Hindu Undivided Family) entities M/s Raj Kumar HUF, M/s Deepak Kumar HUF, and M/s Gaurav Gupta HUF are also part of the promoter group, further solidifying the company’s leadership structure.

This composition of experienced promoters positions PS Raj Steels IPO for a promising future in the market.

PS Raj Steels IPO Company Financial Report

The PS Raj Steels IPO has demonstrated significant financial growth, with the company’s revenue rising to ₹297.76 crores in 2024, compared to ₹225.44 crores in 2023. Furthermore, the company’s profit also saw a notable increase, reaching ₹6.36 crores in 2024, up from ₹3.65 crores in 2023. These positive financial results highlight the strong performance and growth trajectory of PS Raj Steels IPO, making it an attractive investment opportunity for potential investors.

Amount ₹ in Crores

PS Raj Steels IPO Valuation – FY2024

PS Raj Steels Peer Group Comparison

PS Raj Steels IPO: Key Objectives

PS Raj Steels IPO aims to efficiently address the company’s working capital requirements, fueling its operational expansion and supporting future growth initiatives.

PS Raj Steels IPO Review

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PS Raj Steels IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html

PS Raj Steels IPO Lead Managers aka Merchant Bankers

• Khambatta Securities Limited

Company Address

PS Raj Steels Limited
V & P.O
Talwandi Rukka
Hisar-125001
Phone: +91-9812700024
Email: cs@psrajsteels.com
Website: http://www.pssrgroup.com/

FAQs for PS Raj Steels IPO

Disclaimer: This information is for general knowledge and informational purposes only and does not constitute financial, investment, or other professional advice.