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P S Raj Steels IPO
₹1,32,000/1000 shares
Minimum Investment
IPO Details
12 Feb 25
14 Feb 25
₹1,32,000
1000
₹132 to ₹140
NSE
₹28.28 Cr
19 Feb 25
P S Raj Steels IPO Timeline
Bidding Start
12 Feb 25
Bidding Ends
14 Feb 25
Allotment Finalisation
17 Feb 25
Refund Initiation
18 Feb 25
Demat Transfer
18 Feb 25
Listing
19 Feb 25
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About PS Raj Steels Limited IPO
PS Raj Steels Limited was originally incorporated as ‘P S Raj Steels Private Limited’ under the Companies Act, 1956, on November 09, 2004. It was later converted into a public limited company following a shareholder resolution on May 17, 2024. A fresh Certificate of Incorporation was issued on August 06, 2024. The company is a leading manufacturer and supplier of stainless-steel pipes and tubes in India, offering over 250 standard sizes. It also engages in trading stainless-steel coils, strips, sheets, plates, and bars.
IPO Strengths
- PS Raj Steels Limited offers over 250 standard sizes of stainless-steel products, including NB and OD pipes, catering to various industrial needs. The company also provides customization to meet client specifications.
- Proximity to Jindal Stainless Limited ensures reduced transportation costs, maintaining competitive pricing and profitability.
- Operations span 13 states in India, with a strong dealer network and direct engagement with OEMs, ensuring timely deliveries and tailored solutions.
- The promoters and senior management possess over five decades of industry experience, driving business growth and operational efficiency.
- Continuous technological upgrades and well-equipped manufacturing units support efficient production and market adaptability.
- The company follows stringent financial policies, ensuring timely payments, internal audits, and financial stability.
- Strict quality assurance measures and certifications reinforce product excellence, leading to repeat business from clients.
- Extensive industry experience and commitment to sustainability enhance market credibility and long-term growth.
About PS Raj Steels IPO Key Financials (in ₹ lakhs)
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 5207.10 | 7411.63 | 4593.72 |
| Revenue | 29,774.93 | 22,542.65 | 17,971.82 |
| Profit After Tax | 636.29 | 365.19 | 357.08 |
| Reserves and Surplus | 2998.63 | 2368.70 | 2003.64 |
| Total Borrowings | 1780.44 | 1801.94 | 1708.85 |
PS Raj Steels Limited Upcoming IPO Details
| Category | Details |
| Issue Type | Book Built Issue IPO |
| Total Issue Size | Fresh Issue: 20,20,000 shares (aggregating up to ₹ 28.28 Cr)
Offer for Sale: NA |
| Price Range | ₹132 to ₹140 per share |
| Lot Size | 1000 Shares |
| Face Value | ₹10 per share |
| Listing Exchange | SME, NSE |
| Pre-IPO Shareholding | 55,18,314 shares |
| Post-IPO Shareholding | 75,38,314 shares |
| Market Marker | 1,01,000 shares (Nikunj Stock Brokers Limited) |
About PS Raj Steels IPO Important Dates
| IPO Activity | Date |
| IPO Open Date | 12 February 2025 |
| IPO Close Date | 14 February 2025 |
| Basis of Allotment | 17 February 2025 |
| Refunds Initiation | 18 February 2025 |
| Credit of Shares to Demat | 18 February 2025 |
| Listing Date | 19 February 2025 |
About PS Raj Steels IPO Lots
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1000 | ₹1,40,000 |
| Retail (Max) | 1 | 1000 | ₹1,40,000 |
| HNI (Min) | 2 | 2000 | ₹2,80,000 |
About PS Raj Steels IPO Lead Managers
| Lead Managers |
| Khambatta Securities Limited |
PS Raj Steels Limited IPO Valuation Overview
| KPI | Value |
| Earnings Per Share (EPS) | 11.53 |
| Price/Earnings (P/E) Ratio | TBD |
| Return on Net Worth (RoNW) | 20.79% |
| Net Asset Value (NAV) | 55.45 |
| Return on Equity | 20.48% |
| Return on Capital Employed (ROCE) | 20.48% |
| EBITDA Margin | 3.63% |
| PAT Margin | 2.14% |
| Debt to Equity Ratio | 0.58 |
About PS Raj Steels IPO Peer Group Comparison
| Particulars | Total Income (₹ in Lakhs) | P/E Ratio | RoNW (%) | Face Valu (₹) | EPS
(₹) |
NAV (₹) |
| PS Raj Steels Limited | 29,776.39 | TBD | 20.79% | 10
|
11.53 | 55.45 |
| Listed Peers | ||||||
| Remi Edelstahl Tubular Limited | 11,833.23 | 68.64 | 3.20% | 10 | 1.26 | 39.57 |
| Venus Pipes & Tubes Limited | 80,537.60 | 53.26 | 21.17% | 10 | 42.36 | 200.09 |
| Suraj Limited | 33,411.80 | 27.73 | 17.84% | 10 | 11.90 | 66.68 |
Objectives of the Proceeds
- Working Capital Requirement including margin money, ₹2,350 lakhs
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