
Emerging SME Services · NSE
Founded in November 2004, PS Raj Steels Limited is a leading Indian manufacturer and supplier of stainless steel pipes and tubes, catering to industries such as railways, furniture, households, food processing, and heat exchangers. Its product range includes OD pipes (½ inch to 18 inches), NB pipes (3/8 inch to 18 inches), section pipes in square, rectangular, and oval shapes, and slotted pipes. The company operates a modern 3-acre manufacturing facility in Hissar, Haryana, equipped with advanced technology and strict quality controls. With a strong presence across 18 states and a network of 77 dealers, PS Raj Steels works closely with OEMs to deliver customized, high-quality products on time. As of January 2025, it employs 114 people, supporting its continued growth and operations.
Price Band
₹132 – ₹140
Issue Size
₹28.28 Cr
Lot Size
1000 shares
GMP
+2.1%
Est. Listing
₹143
at current GMP
Subscribed
9.89x
overall
Open
12 Feb 2025
Close
14 Feb 2025
Allotment
17 Feb 2025
Refund
18 Feb 2025
Demat Credit
19 Feb 2025
Listing
19 Feb 2025
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹140
Band: ₹132 – ₹140
Estimated Listing Price
₹143
Upper price + GMP
Lot Size
1000 shares
Min investment ₹1,40,000
Estimated Profit / Lot
₹3,000
1000 × ₹3
Grey Market Premium trend
+₹3
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹3 | 2.1% | ₹143 |
| 30 Oct 2026 | +₹3 | 2.1% | ₹143 |
| 29 Oct 2026 | +₹3 | 1.9% | ₹143 |
GMP is unofficial market data. Not a guarantee of listing performance.
P S Raj Steels Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹28.28 Crores. The shares are offered at a price band of ₹132 to ₹140 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-02-14, the basis of allotment is scheduled to be finalized on 2025-02-17. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
The latest grey market premium for P S Raj Steels Limited IPO is ₹3, which indicates an expected listing price of ₹143.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.