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15 Days Price Change

PS Raj Steels IPO

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WEBSITE Inc. Year: 2004 Industry: Steel & Iron Products Listed Page

Profile
Issue Size --
Profile
Price Range 132  to  140 per share
Profile
Min Investment ₹140
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

PS Raj Steels Limited, established in November 2004, is a prominent manufacturer and supplier of stainless steel pipes and tubes in India. The company offers a diverse range of products, including Outer Diameter (OD) Pipes (ranging from ½ inch to 18 inches), Nominal Bore (NB) Pipes (from 3/8 inch to 18 inches), Section Pipes in square, rectangular, and oval shapes, as well as Slotted Pipes. Their products serve multiple industries, such as railways, furniture, household applications, gate railings, door frames, rice plants, sugar mills, food processing, and heat exchangers. The manufacturing facility, located in Hissar, Haryana, spans 3 acres. PS Raj Steels has established a robust distribution network across 18 states in India, supported by 77 dealers and direct engagement with OEMs for timely deliveries and customized solutionsThe company's competitive strengths include a strong distribution and customer focus, an experienced leadership team, an integrated manufacturing facility, and a long-standing presence in the stainless-steel industry. Read More

Basic Info

Face Value 10 per share

Price 132  to  140 per share

P/E (x) 14.3

Sales( Cr.) 266

PAT( Cr.) 7

EPS 9.8

Draft Prospectus --

Exchange NSE-SME

Promoter

Company Promoters

Mr Raj Kumar Gupta Mr Deepak Kumar Mr Gaurav Gupta Mr Vishal Gupta

Pre Issue Share Holding 100%

Post Issue Share Holding --%

Listing Details:

Listing Price: 145

Listing Gain: 3.45%

Current Price: 408

Gain On Issue: 408 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Feb 12, 2025
Closing Date Feb 14, 2025
Allotment Feb 17, 2025
Refund Feb 18, 2025
Delivery of Shares Feb 18, 2025
Listing Date Feb 19, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1000 140,000
Retail (Max) 1 1000 140,000
S-HNI (Min) 2 2000 280,000
S-HNI (Max) 7 7000 980,000
B-HNI (Min) 8 8000 1,120,000

Objective of the Issue

1. To meet the working capital requirements of the Company.

Issue

Category Nos Bid Bid (x)
QIB 1010000 1222100 1.2x
NII 303000 6481170 21.4x
Retail 707000 7098280 10x
EMP 0 0 0x
Total 2020000 19836400 9.8x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

PS Raj Steels Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 180 225 298 266
Other Income 0 0 0 0
Total Income 180 225 298 266
Total Expenditure 173 218 287 254
Operating Profit 7 7 11 12
Interest 1 1 2 1
Depreciation 1 1 1 1
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 5 5 8 10
Provision for Tax 1 1 2 3
Profit After Tax 4 4 6 7
Adjustments 0 0 0 0
Profit After Adjustments 4 4 6 7
Adjusted Earnings Per Share 6.7 6.7 11.5 9.8

PS Raj Steels Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 21 25 31 65
Minority's Interest 0 0 0 0
Borrowings 4 2 0 0
Other Non-Current Liabilities -0 -0 0 0
Total Current Liabilities 21 48 21 9
Total Liabilities 46 74 52 74
Fixed Assets 4 4 4 4
Other Non-Current Assets 0 0 0 2
Total Current Assets 41 69 47 68
Total Assets 46 74 52 74

PS Raj Steels Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0
Cash Flow from Operating Activities 0 1 3 -9
Cash Flow from Investing Activities 1 -1 -1 -3
Cash Flow from Financing Activities -1 -0 -2 12
Net Cash Inflow / Outflow 0 -0 0 1
Closing Cash & Cash Equivalent 0 0 0 1

PS Raj Steels Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 6.74 6.72 11.48 9.83
CEPS(Rs) 8.44 8.18 12.98 11.11
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 37.69 44.41 55.28 86.15
Core EBITDA Margin(%) 3.85 3.12 3.64 4.62
EBIT Margin(%) 3.43 2.77 3.36 4.27
Pre Tax Margin(%) 2.74 2.2 2.84 3.74
PAT Margin (%) 2.07 1.65 2.13 2.78
Cash Profit Margin (%) 2.59 2 2.4 3.14
ROA(%) 8.14 6.21 10.1 11.81
ROE(%) 17.87 16.37 23.04 15.53
ROCE(%) 16.25 15.55 22.05 19.28
Receivable days 28.86 22.83 17.81 23.62
Inventory Days 40.22 51.89 40.35 35.73
Payable days 11.65 28.88 18.42 0.91
PER(x) 0 0 0 14.29
Price/Book(x) 0 0 0 1.63
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.1 0.08 0.06 0.41
EV/Core EBITDA(x) 2.49 2.63 1.69 8.89
Net Sales Growth(%) 0 25.43 32.08 -10.57
EBIT Growth(%) 0 1.57 60.18 13.45
PAT Growth(%) 0 -0.23 70.87 16.93
EPS Growth(%) 0 -0.23 70.87 -14.41
Debt/Equity(x) 0.82 0.74 0.58 0.07
Current Ratio(x) 1.92 1.44 2.28 7.89
Quick Ratio(x) 1 0.52 1.24 4.33
Interest Cover(x) 4.98 4.83 6.48 8.13
Total Debt/Mcap(x) 0 0 0 0.04

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -11% 14% 0% 0%
Operating Profit CAGR 9% 20% 0% 0%
PAT CAGR 17% 21% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 195% NA% NA% NA%
ROE Average 16% 18% 18% 18%
ROCE Average 19% 19% 18% 18%

Company Contact Information

PS Raj Steels Ltd.

V & P. O Talwandi Rukka

IPO Lead Manager(s)

PS Raj Steels Ltd.

Khambatta Securities Ltd.

Registrar Info

PS Raj Steels Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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