P S Raj Steels SME IPO Details, Financials, Valuation & Peers

By IPOBaseLast Updated on

Explore P S Raj Steels IPO details, including IPO dates, financial statements, valuation, peer comparison and more.

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Status
Listed
Biding Dates
12 Feb - 14 Feb 2025
Price Range
₹132 - ₹140
Min Investment
1,40,000
Lot Size
1000 shares
Issue Size
₹28.28 crore
Listed Price
₹1453.57%

Overview

P S Raj Steels Limited is a manufacturer and supplier of stainless-steel pipes and tubes in India. The company offers a wide range of products in various sizes and shapes, catering to industries such as railways, furniture, food processing, and machinery. In addition to manufacturing, the company generates a portion of its revenue from trading stainless steel coils, strips, sheets, plates, and bars.

Key Points:

  • Core Business: Manufactures and supplies stainless steel pipes and tubes in various sizes and shapes.
  • Product Range:
    • Outer Diameter (OD) Pipes: ½ inch to 18 inches
    • Nominal Bore (NB) Pipes: 3/8 inch to 18 inches
    • Section Pipes: Square, rectangular, and oval shapes
    • Slotted Pipes
  • Customization: Offers over 250 standard sizes and provides customized solutions.
  • Trading Operations:
    • Revenue from trading stainless steel coils, strips, sheets, plates, and bars was 29.81% as of March 31, 2024.
    • Revenue from trading these products was 25.42% as of September 30, 2024.
  • Industry Applications: Supplies products to sectors like railways, food processing, sugar mills, rice plants, furniture, and heat exchangers.
  • Customer Base: Sells to both manufacturers and traders/stockists serving diverse industries.
  • Key End Uses: Stainless steel pipes are used in airport trolleys, plant machinery, heat exchangers, boilers, decorative items, and fixtures.

IPO Docs

Objects of the Issue

  • To meet the working capital requirements of the Company

IPO Details

Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.

FieldsDetails
IPO Dates12 Feb - 14 Feb 2025
IPO Price Band₹132 - ₹140 per share
Fresh Issue20,20,000 shares
Offer For SaleNIL
Total IPO Size₹28.28 crore
Face Value₹10
Listing OnNSE

IPO Timeline

Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.

EventDate
IPO Opening Date12 Feb 2025
IPO Closing Date14 Feb 2025
Basis Of Allotment17 Feb 2025
Refunds18 Feb 2025
Demat Transfer18 Feb 2025
IPO Listing Date19 Feb 2025

Financial Statements

Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.

Period Ended31st March 202231st March 202331st March 2024Sep 2024
Total Income179.89225.44297.76139.12
Total Expenses175.17220.56289.29133.95
Net Profit/Loss3.573.656.363.87
NPM (*)1.991.622.142.78
Total Assets45.9474.1252.0755.36
Total Liabilities25.2949.8221.4720.94

* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)

Valuation

Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.

Period Ended31st March 202231st March 202331st March 2024Sep 2024
EPS6.476.6211.537.01
ROE (%)17.2915.0320.7911.23
ROCE (%)15.7514.5620.6411.51
D/E Ratio0.830.740.580.50
Current Ratio1.921.442.282.48
EBITDA MARGIN (%)3.733.083.634.57

* Compiled from DRHP/RHP for valuation purposes.

Peer Comparison

Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.

NameRevenueP/EEPSRoNWNAV
PS Raj Steels Limited297.7512.1411.5320.7955.45
Remi Edelstahl Tubular Limited117.1379.371.263.2039.57
Venus Pipes & Tubes Limited 802.2031.8242.3621.17200.09
Suraj Limited330.6734.4511.9017.8466.68

* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.

Subscription Data from NSE and BSE

Investor TypeSubscribed
Qualified Institutional Buyer (QIB)1.21
Non-Institutional Investor (NII/HNI)21.39
Retail Individual Investor (RII)10.04
Total9.82

* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.

IPO Registrar

Bigshare Services Private Limited
Phone
: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com

Company Promoters

  • MR. RAJ KUMAR GUPTA
  • MR. DEEPAK KUMAR
  • MR. GAURAV GUPTA
  • MR. VISHAL GUPTA
  • MRS. NIKITA GUPTA
  • M/S RAJ KUMAR HUF
  • M/S DEEPAK KUMAR HUF
  • M/S GAURAV GUPTA HUF

Lead Managers

  • KHAMBATTA SECURITIES LIMITED

Company Address

P S Raj Steels Limited

V & P.O Talwandi Rukka, Hisar125001, Haryana, India

Phone: +91-9812700024

Email: cs@psrajsteels.com

Website: www.pssrgroup.com

FAQs

  • What is the issue size of the P S Raj Steels SME IPO?
    The P S Raj Steels SME IPO has an issue size of ₹28.28 crore. This includes a fresh issue of 20,20,000 shares and an offer for sale (OFS) of NIL.
  • What is the price band of the P S Raj Steels IPO?
    The price band for the P S Raj Steels IPO is ₹132 - ₹140 per share.
  • What are the bidding dates for the P S Raj Steels IPO?
    The P S Raj Steels IPO will open for bidding on 12 Feb 2025 and close on 14 Feb 2025.
  • What is the allotment date for the P S Raj Steels IPO?
    The allotment date for the P S Raj Steels IPO is 17 Feb 2025.
  • What is the minimum lot size and investment required for the P S Raj Steels IPO?
    The minimum lot size for the P S Raj Steels IPO is 1000 shares and the minimum investment required is ₹1,40,000.
  • What is the listing date for the P S Raj Steels IPO?
    The listing date for the P S Raj Steels IPO is 19 Feb 2025.
  • What is the P S Raj Steels IPO grey market premium?
    The grey market premium (GMP) for the P S Raj Steels IPO is currently at ₹0, with an expected listing gain of approximately %. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.

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