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PS Raj Steels Limited SME IPO
Issue Size (Net)
up to Rs.28.28 Cr
Price Band
Rs.132 to Rs.140 per share
Issue Opens
February 12, 2025
Issue Closes
February 14, 2025

Company Highlights

1.Company Information

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

  1. Outer Diameter (OD) Pipes (from ½ inch to 18 inches);
  2. Nominal Bore (NB) Pipes (from 3/8 inch to 18 inches);
  3. Section Pipes (square, rectangular and oval shapes);
  4. 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.

2. Strenghts
  1. Strong Distribution and Customer Focus.
  2. Experienced Promoters and senior management team.
  3. Integrated manufacturing facility.
  4. Long Association with the Stainless-Steel Industry.
3. Objects of the Issue

The company intends to utilize the proceeds of the Issue to meet the following objectives: -
To meet the working capital requirements of the Company

4.PS Raj Steels Limited SME IPO Registrar
Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com

PS Raj Steels Limited SME IPO Financials

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
30-Sep-24
55.36
139.12
3.87
34.43
28.91
17.25
31-Mar-24
52.07
297.76
6.36
30.60
29.99
17.80
31-Mar-23
74.12
225.44
3.65
24.30
23.69
18.02
31-Mar-22
45.94
179.89
3.57
20.65
20.04
17.09
Amount in Rs. Lakhs

PS Raj Steels Limited SME IPO Details

Issue Opening Date
February 12, 2025
Issue Closing Date
February 14, 2025
Face Value
Rs.10 per share
Price
Rs.132 to Rs. 140 per share
Lot Size
1000 Shares
Issue Size
20,20,000 shares (aggregating up to Rs.28.28 Cr)
Fresh Issue
20,20,000 shares (aggregating up to Rs.28.28 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME

PS Raj Steels Limited SME IPO Timeline

Event
Tentative Date
Opening Date
Wednesday, February 12, 2025
Closing Date
Friday, February 14, 2025
Basis of Allotment
Monday, February 17, 2025
Initiation of Refunds
Tuesday, February 18, 2025
Credit of Shares to Demat
Tuesday, February 18, 2025
Listing Date
Wednesday, February 19, 2025
Cut-off time for UPI mandate confirmation
5 PM on February 14, 2025

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
  • SSL
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