| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹28.28 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹28.28 Cr |
| Fresh Issue | ₹26.87 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน132.00-140.00 per share |
| Discount | Retail: 0.00,Employee: 0.00,ShareHolder: 0.00 |
| NSE Code | PSRAJ |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Khambatta Securities Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,000 shares and in multiples thereof
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
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
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 26.50 |
| 2 | Issue Expenses | 1.78 |
| Total | 28.28 |
| 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 | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 20.79% |
| ROCE | 20.64% |
| Debt / Equity | 0.58% |
| RoNW | 20.79% |
| PAT Margin | 2.14% |
| Price to Book Value | 2.52 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 11.53 | 10.26 |
| P/E (x) | 12.14 | 13.65 |
| Promoter Holding | 100% | 73.2% |
| Market Cap | โน105.54 Cr. | |