Incorporated in November 2004, PS Raj Steels Limited manufactures and supplies stainless steel pipes and tubes in India.
The company’s product range includes the following
The company’s products cater to various sectors, including railways, furniture, households, gate railing, door frames, rice plants, sugar mills, food processing, and heat exchangers.
The company’s manufacturing unit is situated in Hissar, Haryana and is spread across an area of 3 acres.
The company has a distribution network across 18 Indian states and engages directly with OEMs for timely deliveries and tailored solutions.
The company has a strong network of 77 dealers spread across the different states of the country.
As of January 31, 2025, the company employs a total of 114 employees, including non-contract labor.
Competitive Strength
| 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 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of PS Raj Steels IPO is Rs 105.54 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 20.79% |
| ROCE | 20.64% |
| Debt/Equity | 0.58 |
| RoNW | 20.79% |
| PAT Margin | 2.14 |
| Price to Book Value | 2.52 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.53 | 10.26 |
| P/E (x) | 12.14 | 13.65 |
The company intends to utilize the proceeds of the Issue to meet the following objectives: –
| IPO Date | February 12, 2025 to February 14, 2025 |
| Listing Date | [.] |
| 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 | 1,01,000 shares |
The promoters of the company are Mr Raj Kumar Gupta, Mr Deepak Kumar, Mr Gaurav Gupta, Mr Vishal Gupta, Ms Nikita Gupta, M/s Raj Kumar HUF, M/s Deepak Kumar HUF and M/s Gaurav Gupta HUF
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
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