PS Raj Steels IPO
smelistedAbout the company
PS Raj Steels Limited is a leading manufacturer and supplier of stainless-steel pipes and tubes in India. Offering a wide range of products in over 250 sizes, including OD, NB, section, and slotted pipes, the company also trades stainless-steel coils, sheets, plates, and bars. Serving industries like railways, food processing, and sugar mills, their products are used in applications such as machinery, gate railings, and heat exchangers. With a state-of-the-art manufacturing unit in Hisar, Haryana, PS Raj Steels ensures high-quality products and efficient bulk production.
Strengths
Risks
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed12 Feb 2025Bidding starts for all investor categories
IPO Closes
Completed14 Feb 2025Last day to place your bid
Basis of Allotment
Completed17 Feb 2025Share allotment finalised
Refund Initiation
Completed18 Feb 2025Refunds credited for non-allottees
Credit to Demat
Completed18 Feb 2025Allotted shares credited to demat account
Listing on Exchange
Completed19 Feb 2025Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1000 | ₹140,000 | 1 | ₹140,000 | 1 lot only |
| HNI | 2 | 2000 | ₹280,000 | 2 | ₹280,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 1,029,412 | 14 | 0 | 0.00x | 100% |
| NII | 15% | 308,824 | 4.2 | 0 | 0.00x | 100% |
| Retail | 35% | 720,588 | 9.8 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
