PS Raj Steels Limited
LISTEDIPO Date: 12 Feb - 14 Feb 2025
Listing Date: 19 Feb 2025
Price Range
₹132 to ₹140
Issue Size
28.28 Cr
Min Investment
₹2,64,000
2 lots minimum (SEBI rule for SME)
Min Application
2000 Shares
1000 per lot × 2
Schedule of PS Raj Steels Limited
Issue open date
12 Feb 2025
Issue close date
14 Feb 2025
UPI mandate deadline
14 Feb 2025 (5 PM)
Allotment finalization
17 Feb 2025
Share credit
18 Feb 2025
Listing date
19 Feb 2025
Mandate end date
1 Mar 2025
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 28.28 Cr |
| Fresh Issue | 28.28 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 17 Feb 2025 |
| Allotment Link | {Link} |
Grey Market Premium
NewGrey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 13 Feb 2025Latest | ₹140 | ₹6 | ₹146(+4%) |
| 12 Feb 2025 | ₹140 | ₹6 | ₹146(+4%) |
| 11 Feb 2025 | ₹140 | ₹6 | ₹146(+4%) |
| 10 Feb 2025 | ₹140 | ₹21 | ₹161(+15%) |
| 8 Feb 2025 | ₹140 | ₹0 | ₹140(0%) |
| 7 Feb 2025 | ₹140 | ₹0 | ₹140(0%) |
| 6 Feb 2025 | ₹140 | ₹0 | ₹140(0%) |
Performance PS Raj Steels Limited
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹132 to ₹140 | ₹ 145 (3.57%) | ₹ 92.55 | -33.89% |
About PS Raj Steels Limited
PS Raj Steels Limited is engaged in the manufacturing and supply of stainless steel pipes and tubes in India. The company's product portfolio includes Outer Diameter (OD) pipes ranging from ½ inch to 18 inches, Nominal Bore (NB) pipes from 3/8 inch to 18 inches, as well as section pipes in square, rectangular, and oval shapes, and slotted pipes. These products cater to a wide range of sectors, including railways, furniture, households, gate railing, door frames, rice plants, sugar mills, food processing, and heat exchangers. The company’s manufacturing unit is located in Hissar, Haryana, covering 3 acres. With a strong distribution network across 18 Indian states and a well-established network of 77 dealers, PS Raj Steels ensures timely delivery and customized solutions for its customers, including Original Equipment Manufacturers (OEMs). As of January 31, 2025, the company employs 114 people, including non-contract labor.
| Founded in | 2004 |
| Managing director | |
| Parent organization | PS Raj Steels Ltd |
Financial Overview
Strengths
3- 1
Strong distribution network with 77 dealers spread across 18 Indian states.
- 2
Long-standing association with the stainless steel industry, ensuring reliable quality and expertise.
- 3
Customer-focused approach with direct engagement with OEMs for tailored solutions and timely deliveries.
Risks
2- 1
Relatively small workforce may limit the company’s capacity for large-scale expansion.
- 2
Potential competition from larger manufacturers with more diversified product offerings.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |