P S Raj Steels Ltd

P S Raj Steels Ltd IPO

IPO Price Range: ₹132 - 140

We are manufacturer and supplier of Stainless Steel Pipes & Tubes in India. Our Product mainly includes Outer Diameter (OD) Pipes, Nominal Bore (NB) Pipes, Section Pipes and Slotted Pipes with an extensive array of over250 standard sizes. In addition to our core manufacturing operations, as on September 30, 2024 and March 31, 2024 approximately 25.42% and 29.81% respectively of our revenue comes from trading in Stainless Steel Coils& Strips, Sheets & Plates, and Bars. We serve a wide range of sectors including railways, furniture, households, gate railing, door frames, rice plants, sugar mills, food processing and heat exchanger etc.

Min Investment

₹1,40,000

IPO Size

₹28 Cr

IPO Status

Closed

Quantity in 1 Lot

1000

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of P S Raj Steels Ltd

passed
Open Date12 Feb 2025
passed
Close Date14 Feb 2025
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Allotment Date17 Feb 2025
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Listing Date19 Feb 2025

IPO subscribed over

🚀 9.2054x

This IPO has been subscribed by 10.0376x in retail and 1.2105x in QIB.

Subscription Rate

Total Subscription9.2054x
Retail Individual Investors10.0376x
Qualified Institutional Buyers1.2105x
Non Institutional Investors21.7474x

Key Statistics

Bid Opening DateBid Opening Date12 Feb 2025
Bid Closing DateBid Closing Date14 Feb 2025
Allotment DateAllotment Date17 Feb 2025
Issue SizeIssue Size₹28.28Cr
Quantity in 1 lotQuantity in 1 lot1000

Strengths and Risks of P S Raj Steels Ltd IPO

Strengths

Strengths

  • Strong, experienced and dedicated senior management team and qualified workforce.

  • Long term relationship with Jindal Stainless Limited.

  • Cost effective supply chain.

  • Ability to provide good quality services and customer satisfaction.

  • Ability to scout for new opportunities and capitalising the same.

  • Consistent track record of growth and financial performance.

  • Well known name in Stainless Steel Pipes & Tubes.

  • Geographical presence in more than 18 states of India.

  • Ability to serve diverse customer needs.


Risks

Risks

  • The Companys sale from trading is expected to decrease in F.Y. 2025 due to decrease in sales to group entity.

  • The part of the revenue earned by the Company is from the Related Parties/ Group Entities. The loss of any of them may affect the revenue of the Company negatively.

  • Its business is largely concentrated in four states (States) and is affected by various factors associated with these states.

  • The Company has reported certain negative cash flows from its investing activities and financing activities, details of which are given below. Sustained negative cash flow could impact its growth and business.

  • The company source approximately 95% of its raw material requirement from a single supplier, Jindal Stainless Limited (JSL). Cancellation or any delay by JSL or any disruption/ strike/ lock- outs in their business operation could have a material adverse effect on its business, production, sales and financial condition.

  • The company does not have any long-term agreements with Jindal Stainless Limited, its key supplier, for the continuous supply of raw material. Absence of such agreements leaves it vulnerable to sudden disruptions in supply, potential price increases, or unfavourable adjustments to supply terms, all of which could adversely affect its production schedules and financial stability.

  • Its cost of production is exposed to fluctuations in the prices of raw material particularly HR Coil and CR Coil. Fluctuations in the prices of these raw materials can have a significant impact on its production costs and overall financial performance.

  • The Company is dependent on few numbers of customers. Any loss of top 10 customers will significantly affect its revenues and profitability.

  • The company does not have long-term agreements with any of its customers, the loss of one or more of them or a reduction in their demand for the company products could adversely affect its business, results of operations, financial condition and cash flows.

  • The Company, its Promoters/ Directors and the company Group Entities are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

Promoters Holding

Investors Holdings %
Raj Kumar Gupta19.51%
Deepak Kumar9.97%
Gaurav Gupta10.82%
Vishal Gupta14.31%
Raj Kumar HUF10.71%

Frequently Asked Questions of P S Raj Steels Ltd IPO

  • What is the size of the P S Raj Steels Ltd IPO?

    The size of the P S Raj Steels Ltd IPO is ₹28.28Cr .

  • What is 'pre-apply' for P S Raj Steels Ltd IPO?

    'Pre-apply' for P S Raj Steels Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my P S Raj Steels Ltd IPO order be placed?

    Your P S Raj Steels Ltd IPO order will be placed on 12 Feb 2025.

  • What are the open and close dates of the P S Raj Steels Ltd IPO?

    The open and close dates of the P S Raj Steels Ltd IPO are 12 Feb 2025 to 14 Feb 2025.

  • What is the lot size and minimum order quantity of the P S Raj Steels Ltd IPO?

    The lot size and minimum order quantity of the P S Raj Steels Ltd IPO are 1000 and 1000 respectively.

  • What would be the listing gains on the P S Raj Steels Ltd IPO?

    The potential listing gains on the P S Raj Steels Ltd IPO will depend on various market factors and cannot be predicted with certainty.