P S Raj Steels SME IPO Details, Financials, Valuation & Peers
Explore P S Raj Steels IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
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.
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.
| Fields | Details |
|---|---|
| IPO Dates | 12 Feb - 14 Feb 2025 |
| IPO Price Band | ₹132 - ₹140 per share |
| Fresh Issue | 20,20,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹28.28 crore |
| Face Value | ₹10 |
| Listing On | NSE |
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.
| Event | Date |
|---|---|
| IPO Opening Date | 12 Feb 2025 |
| IPO Closing Date | 14 Feb 2025 |
| Basis Of Allotment | 17 Feb 2025 |
| Refunds | 18 Feb 2025 |
| Demat Transfer | 18 Feb 2025 |
| IPO Listing Date | 19 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 Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| Total Income | 179.89 | 225.44 | 297.76 | 139.12 |
| Total Expenses | 175.17 | 220.56 | 289.29 | 133.95 |
| Net Profit/Loss | 3.57 | 3.65 | 6.36 | 3.87 |
| NPM (*) | 1.99 | 1.62 | 2.14 | 2.78 |
| Total Assets | 45.94 | 74.12 | 52.07 | 55.36 |
| Total Liabilities | 25.29 | 49.82 | 21.47 | 20.94 |
* 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 Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| EPS | 6.47 | 6.62 | 11.53 | 7.01 |
| ROE (%) | 17.29 | 15.03 | 20.79 | 11.23 |
| ROCE (%) | 15.75 | 14.56 | 20.64 | 11.51 |
| D/E Ratio | 0.83 | 0.74 | 0.58 | 0.50 |
| Current Ratio | 1.92 | 1.44 | 2.28 | 2.48 |
| EBITDA MARGIN (%) | 3.73 | 3.08 | 3.63 | 4.57 |
* 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.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| PS Raj Steels Limited | 297.75 | 12.14 | 11.53 | 20.79 | 55.45 |
| Remi Edelstahl Tubular Limited | 117.13 | 79.37 | 1.26 | 3.20 | 39.57 |
| Venus Pipes & Tubes Limited | 802.20 | 31.82 | 42.36 | 21.17 | 200.09 |
| Suraj Limited | 330.67 | 34.45 | 11.90 | 17.84 | 66.68 |
* 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 Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 1.21 |
| Non-Institutional Investor (NII/HNI) | 21.39 |
| Retail Individual Investor (RII) | 10.04 |
| Total | 9.82 |
* 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.