PS Raj Steels IPO  GMP Today, Date, Price, Subscription Status 

PS Raj Steels IPO Overview

Khambatta Securities Limited is the book running  lead manager of the PS Raj Steels IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for PS Raj Steels IPO is Nikunj Stock Brokers Limited.

Refer to PS Raj Steels IPO RHP for detailed information.

PS Raj Steels IPO Important dates

PS Raj Steels IPO opens on February 12, 2025, and closes on February 14, 2025.

IPO Open Date	Wednesday, February 12, 2025
IPO Close 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

PS Raj Steels IPO Financial Performance

PS Raj Steels IPO Key Performance Indicator

The market capitalization of PS Raj Steels IPO is Rs 105.54 Cr.

KPI as of Sun, Mar 31, 2024.

PS Raj Steels IPO Objectives

The company intends to utilize the proceeds of the Issue to meet the following objectives: –

1. To meet the working capital requirements of the Company

PS Raj Steels IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	1000	₹1,40,000
Retail (Max)	1	1000	₹1,40,000
HNI (Min)	2	2,000	₹2,80,000
Lot Size Calculator

PS Raj Steels IPO Details

IPO Date	February 12, 2025 to February 14, 2025
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹132 to ₹140 per share
Lot Size	1,000 Shares
Total Issue Size	20,20,000 shares (aggregating up to ₹28.28 Cr)
Fresh Issue	20,20,000 shares (aggregating up to ₹ 28.28 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Share Holding Pre Issue	55,18,314 shares
Share Holding Post Issue	75,38,314 shares
Market Maker Portion	1,01,000 shares Nikunj Stock Brokers Limited

PS Raj Steels IPO Company Overview and Services

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.

Competitive Strength

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.

PS Raj Steels IPO SWOT Analysis

Strengths:

• Wide Product Range: PS Raj Steels offers a diverse range of stainless steel pipes and tubes, including OD, NB, slotted, and section pipes. This allows them to cater to various industry needs and potentially capture a larger market share.
• Extensive Distribution Network: The company has a strong distribution network across 18 states in India, with 77 dealers. This reach can help them penetrate deeper into existing markets and expand into new ones.
• Long Association with the Industry: With experience since 2004, PS Raj Steels has established a presence in the stainless steel industry. This experience can translate to better understanding of market dynamics and customer needs.
• Integrated Manufacturing Facility: Having their own manufacturing unit in Hissar, Haryana, gives them control over production processes and quality, potentially leading to cost efficiencies and better product quality.
• Focus on Customer Relationships: The company emphasizes direct engagement with OEMs, indicating a focus on building strong customer relationships and providing customized solutions.

Weaknesses:

• Dependence on Specific Industries: While they cater to diverse industries, a significant dependence on a few key sectors like railways or furniture could pose a risk if those sectors experience a downturn.
• Competition: The steel industry is highly competitive. PS Raj Steels faces competition from both established players and smaller manufacturers, which can put pressure on pricing and margins.
• Working Capital Requirements: Manufacturing businesses often require significant working capital to manage inventory and receivables. This could be a challenge for PS Raj Steels, especially during periods of expansion or market fluctuations.
• Limited Information on Financials: While some financial data is available, a more comprehensive understanding of their financial performance, including profitability and debt levels, is needed for a thorough assessment.

Opportunities:

• Growing Infrastructure Development: Increased government spending on infrastructure projects, including railways and construction, can drive demand for stainless steel pipes and tubes.
• Rising Demand for Stainless Steel: The demand for stainless steel is expected to grow due to its durability, corrosion resistance, and wide range of applications. This presents a favorable environment for PS Raj Steels.
• Expansion into New Markets: The company can explore expanding its operations into new geographical markets, both domestically and internationally, to diversify its revenue streams.
• Product Diversification: PS Raj Steels can consider expanding its product portfolio to include other steel products or value-added offerings to cater to evolving market demands.

Threats:

• Fluctuations in Raw Material Prices: The cost of raw materials like steel and alloys can fluctuate, impacting production costs and profitability.
• Economic Downturn: An economic slowdown can affect demand for steel products as construction and industrial activities may decrease.
• Regulatory Changes: Changes in government regulations related to the steel industry, environmental policies, or import/export duties can impact the company’s operations.
• Technological Advancements: New technologies in steel manufacturing or alternative materials could pose a threat to the company’s existing product lines.

PS Raj Steels IPO GMP Details

PS Raj Steels IPO Subscription Status

Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.

PS Raj Steels IPO Allotment status

PS Raj Steels IPO allotment is expected on Monday, February 17, 2025.

PS Raj Steels IPO allotment status is not available at this time. PS Raj Steels IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for PS Raj Steels Limited IPO allotment status.

PS Raj Steels IPO Contact Details

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

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

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