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Open
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Close
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Allotment
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Listing
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Issue Size
38,40,000 shares (agg. up to ₹[.] Cr)
Listing Date
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✦ AI Insight
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 102.89 | 95.11 | 78.96 | 63.58 |
| Total Income | 31.75 | 101.83 | 92.57 | 62.77 |
| Profit After Tax | 2.69 | 9.67 | 9.21 | 4.15 |
| NET Worth | 49.33 | 46.64 | 36.96 | 27.75 |
| Reserves and Surplus | 46.93 | 44.24 | 34.56 | 25.35 |
| Total Borrowing | 22.46 | 22.10 | 20.15 | 23.90 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Anubhav Plast Ltd. | SME | ₹24.00 Cr | ₹80 | 10.67 | ₹76.00 | -5.00% | ₹51.15 (+0.29%) |
| Kasturi Metal Composite Ltd. | SME | ₹17.61 Cr | ₹64 | 23.59 | ₹63.16 | -1.31% | ₹53.85 (+2.28%) |
| Shri Kanha Stainless Ltd. | SME | ₹46.28 Cr | ₹90 | 16.23 | ₹83.60 | -7.11% | ₹23.00 (-0.86%) |
| Mittal Sections Ltd. | SME | ₹52.91 Cr | ₹143 | 31.15 | ₹108.70 | -23.99% | ₹28.00 (-2.06%) |
| M P K Steels (I) Ltd. | SME | ₹25.74 Cr | ₹79 | 9.04 | ₹83.50 | +5.70% | ₹114.65 (-1.38%) |
| Rajputana Stainless Ltd. | Mainboard | ₹254.98 Cr | ₹122 | 21.1 | ₹113.03 | -7.35% | ₹132.72 (-0.86%) |
| VMS TMT Ltd. | Mainboard | ₹148.50 Cr | ₹99 | 22.24 | ₹99.65 | +0.66% | ₹44.05 (+3.19%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure towards setup of new processing facility | 22.91 |
| 2 | Funding working capital requirements of the Company | 6.00 |
| 3 | General Corporate Purpose |
About Purohit Steel IPO
Incorporated in 2013, Purohit Steel India Limited processes special-grade alloy steel, including plastic mould, hot work, cold work, EN Series, and high-speed steels for various industrial applications, serving major users in automotive, aerospace, electronics, telecom, refractories, plastics, packaging, mining equipment, and machine manufacturing. The company's speciality steel products are crucial for manufacturing moulds, dies, and various components for the automotive, appliance, electronics, sheet metal, plastic, pipe fitting, packaging, toy, and luggage industries. They are also used in machine components, die casting, and heavy engineering components. The company has two manufacturing units situated in Vasai, Thane, Maharashtra. As of August 31, 2024, the company has an annual capacity of 5,500 MT for steel cutting, 3,000 MT for machining, and 1,150 MT for grinding across Units I and II. The company has in-house testing facilities, including ultrasonic, hardness, and magnetism checks, to ensure optimum product quality. In Fiscal 2024, the company sold products in 14 states and 2 union territories in India, including Maharashtra, Gujarat, Dadra and Nagar Haveli, Daman and Diu
Contact Details
Purohit Steel India Ltd. AddressPlot No. 7 & 8Behind Johnson Motors, Near Range OfficeVasai (East),Thane, Maharashtra, 401208+91-7798815678info@purohitsteels.comVisit Website