P S Raj Steels Limited
IPO Details
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Company Fin.
₹3(2.14%)
Premium (ELP)
P S Raj Steels Limited's achieved publicly listed status following its IPO debut on Feb 19, 2025 at the NSE platform. The offering successfully mobilized 20,20,000 Shares, with 20,20,000 Shares allocated to corporate growth initiatives.
Investment participation occurred within the established price band of ₹132 to ₹140, starting from minimum lots of 1000 shares. The subscription window from Feb 12, 2025 through Feb 14, 2025 enabled investor participation across market segments.
Share allocation was completed on Feb 17, 2025, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Distribution and Customer Focus – PS Raj Steels has a well-connected distribution network across 18 states, working with 77 dealers and directly partnering with OEMs to provide timely deliveries and customized solutions.
- Experienced Leadership – Led by a knowledgeable team of promoters and senior management, the company benefits from years of industry expertise and a clear strategic vision for growth.
- Advanced Manufacturing Facility – Spread across 3 acres in Hissar, Haryana, the company’s facility is equipped with modern technology and strict quality controls to ensure top-quality stainless steel products.
- Decline in Trading Sales – Trading sales are expected to decrease in FY 2025 due to fewer transactions with a group entity, which may impact overall revenue.
- Dependence on Related Parties – A portion of the company’s revenue comes from related parties or group entities. Losing any of these customers could affect financial performance.
- Geographic Concentration Risk – The company operates mainly in four states, making it more vulnerable to regional economic shifts, regulatory changes, and local market conditions.
- Mr Raj Kumar Gupta
- Mr Deepak Kumar
- Mr Gaurav Gupta
- Mr Vishal Gupta
- Ms Nikita Gupta
- M/s Raj Kumar
- M/s Deepak Kumar
- M/s Gaurav Gupta
P S Raj Steels Limited
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