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PS Raj Steels IPO is a book-built issue worth ₹28.28 crores, consisting of a fresh issue of 20.20 lakh shares.
The IPO opens for subscription on February 12, 2025, and closes on February 14, 2025. The allotment for the PS Raj Steels IPO is expected to be finalized on Monday, February 17, 2025. The IPO will list on NSE SME with a tentative listing date set for Wednesday, February 19, 2025.
The PS Raj Steels IPO has a price band of ₹132 to ₹140 per share. The minimum lot size for an application is 1,000 shares. Retail investors must invest a minimum amount of ₹1,40,000, while HNI investors must apply for 2 lots (2,000 shares), totalling ₹2,80,000.
For detailed insights, real-time updates on IPO GMP, and information on IPO subscription status and IPO allotment, investors can refer to trusted sources like IPO Watch, IPO allotment BSE, or the PS Raj Steels IPO Red Herring Prospectus (RHP). Staying informed on these key aspects is crucial for making well-informed investment decisions in this IPO.
| IPO Date | February 12, 2025 to February 14, 2025 |
| Listing Date | Feb 19, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹132 to ₹140 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 20,20,000 shares (aggregating up to ₹28.28 Cr) |
| Fresh Issue | 20,20,000 shares (aggregating up to ₹ 28.28 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 55,18,314 shares |
| Share Holding Post Issue | 75,38,314 shares |
| Market Maker Portion | Share Holding Pre-Issue |
| PO Open Date | Wednesday, February 12, 2025 |
| IPO Close Date | Friday, February 14, 2025 |
| Basis of Allotment | Monday, February 17, 2025 |
| Initiation of Refunds | Tuesday, February 18, 2025 |
| Credit of Shares to Demat | Tuesday, February 18, 2025 |
| Listing Date | Wednesday, February 19, 2025 |
| Cut-off time for UPI mandate confirmation | The credit of Shares to Demat |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,40,000 |
| Retail (Max) | 1 | 1000 | ₹1,40,000 |
| HNI (Min) | 2 | 2,000 | ₹2,80,000 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Isssue |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 55.36 | 52.07 | 74.12 | 45.94 |
| Revenue | 139.12 | 297.76 | 225.44 | 179.89 |
| Profit After Tax | 3.87 | 6.36 | 3.65 | 3.57 |
| Net Worth | 34.43 | 30.6 | 24.3 | 20.65 |
| Reserves and Surplus | 28.91 | 29.99 | 23.69 | 20.04 |
| Total Borrowing | 17.25 | 17.8 | 18.02 | 17.09 |
Maximizing Opportunities with PS Raj Steels Limited IPO
The PS Raj Steels IPO presents an opportunity for investors looking to participate in a growing company within the steel industry. With a book-built issue of ₹28.28 crores and a price band of ₹132 to ₹140 per share, the IPO aims to raise capital for business expansion. Investors should closely monitor subscription status, GMP trends, and allotment updates through reliable sources like IPO Watch and BSE IPO allotment. As with any investment, conducting thorough research and assessing risk factors are essential before making a decision.
