P S Raj Steels Limited
ListedSMEEmerging 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
₹3
+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 12 days ago
Overall Subscription
9.89x
Total Demand
QIB Multiplier
1.21x
Institutions & Funds
NII / HNI
21.75x
High Net-Worth
Retail (RII)
10.04x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 380,000 | 460,000 | 1.21x |
| NIB | 285,000 | 6,198,000 | 21.75x |
| RETAIL | 665,000 | 6,675,000 | 10.04x |
| EMPLOYEES | 20,000 | 24,000 | 1.20x |
| Total | 1,350,000 | 13,357,000 | 9.89x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 3 | 0.00x |
| NIB | — | 318 | 0.00x |
| RETAIL | — | 6,675 | 0.00x |
| EMPLOYEES | — | 17 | 0.00x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About P S Raj Steels Limited Public Issue & Market Profile
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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.
Frequently Asked Questions
What is P S Raj Steels Limited IPO GMP today?
The latest Grey Market Premium (GMP) for P S Raj Steels Limited IPO is ₹3 per equity share. Based on the upper price band of ₹132 to ₹140 per equity share, the estimated listing price is ₹143 (+2.1% expected listing gain).
What is the expected profit per lot for P S Raj Steels Limited IPO?
With a lot size of 1000 shares and current GMP of ₹3, the expected profit per application lot is approx ₹3,000 (+2.1% gain). Minimum application cost is approx ₹1,40,000.
What is the issue size and price band for P S Raj Steels Limited IPO?
The P S Raj Steels Limited IPO aggregate issue size is ₹28.28 Crores with an equity price band set at ₹132 to ₹140 per equity share. The retail lot size is 1000 shares requiring a minimum capital outlay of approx. ₹1,40,000.
How can I check P S Raj Steels Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 9.89x (Retail: 10.04x, QIB: 1.21x, NII: 21.75x). You can track live multiples directly on our dedicated subscription page.
Where and when will P S Raj Steels Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2025-02-17. Investors can verify status using PAN card or application number.
When is the listing date for P S Raj Steels Limited IPO?
P S Raj Steels Limited shares are scheduled to list on NSE on 2025-02-19.