Rahul Khanna
PS Raj Steels IPO‘s open date is February 12, 2025. In addition, the IPO will close on February 14, 2025. PS Raj Steels IPO is an erected Issue. The company is to raise around ₹28.28 crores via IPO, which encompasses a fresh Issue of ₹28.28 crores and offer for sale up to equity shares with a face price of ₹10 each.
PS Raj Steels IPO price group is ₹132 to ₹140 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. PS Raj Steels IPO to list on NSE on February 19, 2025. The allotment of PS Raj Steels IPO date is February 17, 2025.
The company reported revenue of ₹297.76 crores in 2024, contrary to ₹225.44 crore in 2023. The company reported a profit of ₹6.36 crores in 2024, contrary to a profit of ₹3.65 crores in 2023. As per the financials, the IPO investors should apply for the IPO for the long term.
PS Raj Steels IPO Details
| IPO Open Date: | February 12, 2025 |
| IPO Close Date: | February 14, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹132 to ₹140 Per Share |
| Issue Size: | Approx ₹28.28 Crores |
| Fresh Issue: | Approx ₹28.28 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
About PS Raj Steels IPO
Founded in November 2004, P S Raj Steel Limited is one of the mounting companies engaged in manufacturing, besides being a supplier of stainless steel pipes and plumbing in India. PS Raj Steel Company provides an inclusive range of products, including Outer Diameter pipes, Nominal bore pipes, Section pipes, and slotted pipes.
Their products cater to a wide range of sectors, 70% of foodstuffs for fabrication and 30% in industrial requests that include railways, furniture, households, gate railing, door surrounds, rice plants, sugar mills, food processing heat exchangers, etc. The company comprises a large engineering unit that can produce up to 13,460 metric tons per year, casing an area of three acres in Hisar, Haryana. P S Raj Steel Limited is renowned for being one of the few producers of pipes and tubes, providing over 250 standard sizes of tailored products curated according to customers’ preferences.
PS Raj Steels IPO Registrar
- Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://ipo.bigshareonline.com/IPO_Status.html
- IPO Lead Managers, aka Merchant Bankers
Khambatta Securities Limited
- Company Address
- PS Raj Steels Limited
- V & P.O
- Talwandi Rukka
- Hisar-125001
- Phone: +91-9812700024
Read More: NAPS Global India IPO: Key Details, BSE SME Listing, and Growth Prospects
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