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PS Raj Steels IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Hisar and caters to Steel sector. Khambatta Securities is the merchant banker of PS Raj Steels IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 10th September 2024.
PS Raj Steels IPO open date is 12th February 2025 and close date is 14th February 2025. IPO Allotment Date is 17th February 2025 and Listing date is 19th February 2025.PS Raj Steels IPO size is Rs 28.28 Cr. crores with IPO price of Rs 140.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Khambatta Securities Limited is the book-running lead manager of the PS Raj Steels IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Nikunj Stock Brokers Limited for PS Raj Steels IPO.
PS Raj Steels IPO anchor investors are the below investors. The number of anchor investors in this IPO is 5.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Vikasa India EIF | 230,000.00 | ₹140.00 | ₹32,200,000.00 |
| Rajasthan Global Securities | 110,000.00 | ₹140.00 | ₹15,400,000.00 |
| Smart Horizon Opportunity | 85,000.00 | ₹140.00 | ₹11,900,000.00 |
| Kingsman Wealth Fund | 72,000.00 | ₹140.00 | ₹10,080,000.00 |
| Zeta Global Funds | 72,000.00 | ₹140.00 | ₹10,080,000.00 |
PS Raj Steels IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
PS Raj Steels IPO, based in Hisar, operates in the Steel sector with a focus on manufacturing and supplying SS Pipes and Tubers. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. PS Raj Steels IPO size is ₹ 28.28 Cr. Crores with fresh issue size of Rs 28.28 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for PS Raj Steels IPO is expected to be 17th February 2025, after the finalization of basis of allotment. Investors can check PS Raj Steels IPO allotment status on the registrars website, Bigshare Services Private Limited. PS Raj Steels IPO refund dates are 18th February 2025.
PS Raj Steels IPO is expected to be listed on 19th February 2025.
The upper price band for the PS Raj Steels IPO is set at ₹ 140.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on PS Raj Steels IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the PS Raj Steels IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 14th February 2025. After submission, funds are blocked until the basis of allotment of PS Raj Steels IPO is finalised.
The merchant banker for PS Raj Steels IPO is Khambatta Securities Limited . Khambatta Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the PS Raj Steels IPO RHP for further details.
The registrar for PS Raj Steels IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to PS Raj Steels IPO through their official website or helpline.
PS Raj Steels IPO was subscribed 9.82 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 28.28 Cr.
Avg IPO Size (Sector Based)
:
₹ 32.34 Cr.
Sector: Steel
SME IPO so far:
26
Merchant Banker:
Khambatta Securities
SME IPO by BRLM so far:
47
City:
Hisar
SME IPO so far:
2
Revenue (annualised):
₹ 278.22 cr.
PE
Ratio:
13.65x
Average Sector PE Ratio: 16.09x
PS Raj Steels IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on PS Raj Steels Financial Review Page
Merchant Banker(s) of PS Raj Steels IPO: Khambatta Securities Limited
PS Raj Steels IPO subscription was 9.82 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
PS Raj Steels IPO listed at a listing price of 145.00 against the offer price of 140.00.
The current market price of PS Raj Steels is 139.50.
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