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Here are the important dates you need to know in order to participate in this IPO
Offer Start Date
12th Feb
Offer End Date
14th Feb
Allotment Date
17th Feb
Refund Initiation
18th Feb
Demat Transfer
18th Feb
Listing Date
19th Feb
P S Raj Steels Ltd, established in November 2004, is a leading manufacturer and supplier of stainless steel pipes and tubes in India. The company specialises in producing Outer Diameter (OD) Pipes, Nominal Bore (NB) Pipes, Section Pipes, and Slotted Pipes, offering over 250 standard sizes. These products cater to diverse industries, including railways, furniture, households, gate railing, door frames, rice plants, sugar mills, food processing, and heat exchangers. Apart from manufacturing, the company is also engaged in trading stainless steel coils, strips, sheets, plates, and bars, contributing 25.42% of its revenue as of September 30, 2024, and 29.81% as of March 31, 2024.
The company operates a state-of-the-art manufacturing facility in Hissar, Haryana, spread over three acres. It has established a strong distribution network spanning 18 Indian states and maintains direct partnerships with Original Equipment Manufacturers (OEMs) to ensure timely deliveries and customised solutions. The company’s product portfolio includes OD Pipes ranging from ½ inch to 18 inches, NB Pipes from 3/8 inch to 18 inches, and Section Pipes in square, rectangular, and oval shapes. With a strong commitment to quality and efficiency, P S Raj Steels has positioned itself as a reliable supplier in the stainless steel industry.
With an extensive dealer network of 77 partners, P S Raj Steels has significantly expanded its reach across India. The company employs a workforce of 114 employees as of January 31, 2025, including non-contract labour. This robust workforce, combined with its advanced manufacturing capabilities and distribution channels, ensures consistent supply and growth. As the company moves forward with its IPO, it aims to further strengthen its market presence, expand production capacity, and enhance its operational efficiency, making it an attractive opportunity for investors.
| Pre-Issue | Post-Issue | |
|---|---|---|
| Promoter Group | 100% | 73.2% |
| Public Group | 0% | 26.8% |
| QIB Shares Offered | 3,80,000 (18.81%) |
| NII (HNI) Shares Offered | 2,85,000 (14.11%) |
| Retail Shares Offered | 6,65,000 (32.92%) |
| Anchor Investor Shares Offered | 5,69,000 (28.17%) |
| Total Shares Offered | 20,20,000 |
| Total Shares With Anchor Investor | 20,20,000 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,000 | ₹1,40,000 |
| Retail (Max) | 2 | 1,000 | ₹1,40,000 |
| S HNI (Min) | 3 | 1,500 | ₹2,10,000 |
| S HNI (Max) | 14 | 7,000 | ₹9,80,000 |
| B HNI (MIN) | 15 | 7,500 | ₹10,50,000 |
| Bid Date | February 11, 2025 |
| Bigshare Services Pvt Ltd | |
|---|---|
| Phone Number | +91 22 6263 8200 |
| Email Id | investor@bigshareonline.com |
| Website | www.bigshareonline.com |
1. Khambatta Securities Ltd
| March 31, 2025 | March 31, 2024 | March 31, 2023 | |
|---|---|---|---|
| Net Worth | ₹64.94 Cr | ₹30.51 Cr | ₹24.3 Cr |
| Reserves and Surplus | ₹57.4 Cr | ₹29.89 Cr | ₹23.69 Cr |
| Total Borrowing | ₹4.58 Cr | ₹17.81 Cr | ₹18.02 Cr |
| Category | No. of shares offered | No. of shares bid | Subscription (Times) |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 3,80,000 | 4,60,000 | 1.2105 |
| Non Institutional Investors (NIIs) | 2,85,000 | 61,98,000 | 21.7474 |
| Retail Individual Investors (RIIs) | 6,65,000 | 66,75,000 | 10.0376 |
| Total | 14,51,000 | 1,33,57,000 | 9.2054 |
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Specialises in manufacturing Stainless Steel Pipes & Tubes.
Products cater to diverse fabrication and industrial applications.
Serves multiple sectors, including:
Railways
Furniture manufacturing
Household applications
Gate railings and door frames
Rice plants and sugar mills
Food processing industries
Heat exchangers and related systems.
P S Raj Steels Ltd IPO is a SME IPO of 20,20,000 equity shares of a face value of ₹10 aggregating up to ₹28.28 Crores. The issue is priced at ₹132 to ₹140 per share. The minimum order quantity is 500 Shares. The IPO opens on February 12, 2025, and closes on February 14, 2025. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.
The P S Raj Steels Ltd IPO opens on February 12, 2025 and closes on February 14, 2025.
P S Raj Steels Ltd lot size is 500 shares, and the minimum amount required is ₹1,40,000.
You can apply in P S Raj Steels Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:
The finalization of Basis of Allotment for P S Raj Steels Ltd IPO will be done on February 17, 2025, and the allotted shares will be credited to your demat account by February 18, 2025.
The P S Raj Steels Ltd listing date is February 19, 2025.
The registrar of P S Raj Steels Ltd IPO is Bigshare Services Pvt Ltd
Khambatta Securities Ltd will be the book-running lead manager of this IPO.
The fresh issue size is ₹28.28 Crores equity shares.
Retail investors can subscribe to a minimum of one lot, 500 shares and ₹1,40,000 amount.
To apply for P S Raj Steels Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.
The price of each P S Raj Steels Ltd share will be ranging in between ₹132 to ₹140 per share.
The cut-off time for the UPI mandate confirmation is 5:00 PM, February 14, 2025.
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