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Open
12 Feb 2025
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Close
14 Feb 2025
3
Allotment
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Listing
Wed, Feb 19, 2025
Price Band
₹132 to ₹140
Issue Size
20,20,000 shares (agg. up to ₹28 Cr)
Lot Size
1,000 Shares
Listing Date
Wed, Feb 19, 2025
Latest GMP
₹3
Est. Gain
2.14%
✦ AI Insight
GMP Trend
19-02-2025₹3Est. ₹143+2.14%
18-02-2025₹3Est. ₹143+2.14%
17-02-2025₹3Est. ₹143+2.14%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 7.17x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 55.36 | 52.07 | 74.12 | 45.94 |
| Total Income | 139.12 | 297.76 | 225.44 | 179.89 |
| Profit After Tax | 3.87 | 6.36 | 3.65 | 3.57 |
| NET Worth | 34.43 | 30.60 | 24.30 | 20.65 |
| Reserves and Surplus | 28.91 | 29.99 | 23.69 | 20.04 |
| Total Borrowing | 17.25 | 17.80 | 18.02 | 17.09 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Newmalayalam Steel Ltd. | SME | ₹41.76 Cr | ₹90 | 26.67 | ₹85.50 | -5.00% | ₹24.45 (-0.20%) |
| Kalana Ispat Ltd. | SME | ₹32.59 Cr | ₹66 | 22.59 | ₹47.40 | -28.18% | ₹19.65 (-0.76%) |
| Excellent Wires & Packaging Ltd. | SME | ₹12.60 Cr | ₹90 | 33.3 | ₹82.05 | -8.83% | ₹205.60 (-0.68%) |
| Aditya Ultra Steel Ltd. | SME | ₹45.88 Cr | ₹62 | 13.64 | ₹66.40 | +7.10% | ₹24.65 (-4.83%) |
| Jay Bee Laminations Ltd. | SME | ₹88.96 Cr | ₹146 | 13.58 | ₹291.25 | +99.49% | ₹91.80 (-6.99%) |
| Visaman Global Sales Ltd. | SME | ₹16.05 Cr | ₹43 | 38.25 | ₹47.35 | +10.12% | ₹107.60 (-4.99%) |
| Deem Roll Tech Ltd. | SME | ₹29.26 Cr | ₹129 | 11.31 | ₹209.70 | +62.56% | ₹55.90 (+2.19%) |
| Bansal Wire Industries Ltd. | Mainboard | ₹745.00 Cr | ₹256 | 41.41 | ₹350.35 | +36.86% | ₹313.70 (-0.74%) |
| Vibhor Steel Tubes Ltd. | Mainboard | ₹72.17 Cr | ₹151 | 10.17 | ₹446.25 | +195.53% | ₹111.91 (+0.49%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 26.50 |
| 2 | Issue Expenses | 1.78 |
| Total | 28.28 |
About P S Raj Steels IPO
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 Outer Diameter (OD) Pipes (from ½ inch to 18 inches); Nominal Bore (NB) Pipes (from 3/8 inch to 18 inches); Section Pipes (square, rectangular and oval shapes); 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 Strong Distribution and Customer Focus. Experienced Promoters and senior management team. Integrated manufacturing facility. Long Association with the Stainless-Steel Industry. + Read More
Contact Details
P S Raj Steels Ltd. AddressV & P.O, Talwandi RukkaHisarHisar, Haryana, 125001+91-9812700024cs@psrajsteels.comVisit Website