PS Raj Steels SME: Check IPO Date, Live Subscription and Key Details
PS Raj Steels Limited, established in November 2004, manufactures and supplies stainless steel pipes and tubes in India. The company offers a variety of products, including OD pipes (½ inch to 18 inches), NB pipes (3/8 inch to 18 inches), section pipes (square, rectangular, and oval), and slotted pipes. Its products serve industries such as railways, furniture, households, gate railings, door frames, rice plants, sugar mills, food processing, and heat exchangers.
Min Investment
₹140000
Price Range
₹132.0 - ₹140.0
Issue Size
₹28.28 Cr
IPO Type
NSE SME
Key Metrics
Face Value
₹10
EPS
10.26
P/E Ratio
13.65
RoNW
20.79%
ROE
20.79%
Debt to Equity
0.58
Timeline
IPO Opens
12 Feb
IPO Closes
14 Feb
Allotment
17 Feb
Listing
19 Feb
IPO Objectives
- To meet the working capital requirements of the Company
Strengths
- Wide dealer network with 77 dealers across 18 states.
- Experienced leadership team with deep industry knowledge.
- Integrated manufacturing facility for better efficiency and quality control.
- Variety of products used in different industries.
- Works directly with OEMs for custom solutions and on-time delivery.
Weaknesses
- Limited presence outside India.
- Profits depend on changing stainless steel prices.
- Faces tough competition from big and small companies.
- Smaller business size compared to industry leaders.
- Slow economy can reduce demand in key industries.
Financial Performance
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 55.36 | 52.07 | 74.12 | 45.94 |
| Revenue (₹ Cr.) | 139.12 | 297.76 | 225.44 | 179.89 |
| PAT (₹ Cr.) | 3.87 | 6.36 | 3.65 | 3.57 |
| Net Worth (₹ Cr.) | 34.43 | 30.6 | 24.3 | 20.65 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| PS Raj Steels Limited | 2.55 | 13.65 | 20.79 | 34.43 |
| Remi Edelstahl Tubulars | 1.77 | 79.37 | 3.2 | 43.46 |
| Venus Pipes & Tubes Ltd. | 9.46 | 31.82 | 21.17 | 406 |
Subscription Details
Daily Bids Status
| Date | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.79x | 0.79x | 1.21x |
| NII | 3.72x | 12.25x | 21.39x |
| RII | 1.96x | 5.37x | 10.03x |
| Total | 1.98x | 5.47x | 9.82x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 3,80,000 | 4,60,000 | 6.44 |
| NII | 2,85,000 | 60,97,000 | 85.36 |
| RII | 6,65,000 | 66,70,000 | 93.38 |
| Total | 13,50,000 | 1,32,51,000 | 185.51 |
Company Details
- V & P.O Talwandi Rukka Hisar-125001
- +91-9812700024
- cs@psrajsteels.com
- http://www.pssrgroup.com/
Registrar Details
- Bigshare Services Pvt Ltd
- +91-22-6263 8200
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/ipo_status.html