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PSRAJSME / NSEListed
P S Raj Steels

Founded in November 2004, PS Raj Steels Limited is a leading Indian manufacturer and supplier of stainless steel pipes and tubes, catering to industries such as railways, furniture, households, food processing, and heat exchangers. Its product range includes OD pipes (½ inch to 18 inches), NB pipes (3/8 inch to 18 inches), section pipes in square, rectangular, and oval shapes, and slotted pipes. The company operates a modern 3-acre manufacturing facility in Hissar, Haryana, equipped with advanced technology and strict quality controls. With a strong presence across 18 states and a network of 77 dealers, PS Raj Steels works closely with OEMs to deliver customized, high-quality products on time. As of January 2025, it employs 114 people, supporting its continued growth and operations.

DRHPRHPANCHOR
₹132 - ₹1409.89x sub
Listed Price₹145.00
Listing Gain+3.57%

IPO Schedule & Timeline

Bookbuilding IPO
Open12 Feb 2025
Close14 Feb 2025
Allotment17 Feb 2025
Listing19 Feb 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail6,65,000 shares
32.92%
Nii (hni) 2,85,000 shares
14.11%
Employee20,000 shares
0.99%
Anchor5,69,000 shares
28.17%
QIB3,80,000 shares
18.81%
Market Maker1,01,000 shares
5%

Minimum Application Lots

Retail1 Lot (1,000 shares)
₹1,40,000
HNI2 Lots (2,000 shares)
₹2,80,000

Company Promoters

Mr Raj Kumar GuptaMr Deepak KumarMr Gaurav GuptaMr Vishal GuptaMs Nikita GuptaM/s Raj KumarM/s Deepak Kumar M/s Gaurav Gupta

Company Background

Founded in November 2004, PS Raj Steels Limited is a leading Indian manufacturer and supplier of stainless steel pipes and tubes, catering to industries such as railways, furniture, households, food processing, and heat exchangers. Its product range includes OD pipes (½ inch to 18 inches), NB pipes (3/8 inch to 18 inches), section pipes in square, rectangula...

Lead Managers & Bankers

Khambatta Securities Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-24 )₹139 Cr
Growth-22.8%
Revenue Trend (₹ in Crores)
0.0114.2228.5342.7Mar-22Mar-23 Mar-24 Sep-24
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-24 13945517
Mar-24 29865218
Mar-23 225474 18
Mar-2218044617

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Sep-24 7.0111.23%11.51%013.65
Mar-24 11.5320.79%20.64%12.140
Mar-236.6215.03%14.56%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Allotment Finalized
Allotment Date
17 Feb 2025
Official Status
Out / Finalized
Registrar
Bigshare Services Private Limited
Listing Date
19 Feb 2025

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

Direct allotment verification on the official registrar portal appointed for P S Raj Steels. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

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Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization17 Feb 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date19 Feb 2025Trading commences on exchange

How to Check P S Raj Steels Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select P S Raj Steels from the issue drop-down list.

3Enter Details

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4View Allocation

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Prospectus & Official Filings

Official FilingDRHP
Official FilingRHP
Official FilingANCHOR

Allotment FAQs & Help

About P S Raj Steels IPO

Complete issue overview for P S Raj Steels (PSRAJ) IPO. The issue features an equity share price band of ₹132 – ₹140 per share with a minimum retail lot size of 1000 Shares (minimum application amount of ₹1,40,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions