PS Raj Steels IPO GMP Live, Open Date, Close Date, Price Band

PS Raj Steels IPO open date is from February 12, 2025 to February 14, 2025. This new IPO is a book-built issue worth up to Rs 28.28 crores. This upcoming IPO is offering entirely a fresh issue of up to 20.20 lakh equity shares; there are no offers for sale part included in this IPO. 

PS Raj Steels IPO price band is Rs 132 – Rs 140 per share. As of now, PS Raj Steels IPO live GMP is at 0, indicating neutral sentiment among investors for this IPO.

PS Raj Steels IPO lot size is 1000 shares, and the allotment status will be finalised on Monday, February 17, 2025. The minimum investment for retail investors is 1 lot, which is Rs 1,40,000. The registrar for PS Raj Steels IPO is Bigshare Services Private Limited. The listing date is Wednesday, February 19, 2025.

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PS Raj Steels IPO GMP Live

PS Raj Steels IPO GMP is at Rs 0. The IPO GMP today indicates the huge interest of retail investors. It is expected that the listing price can be same as allotment price that is 140 per share as it shows the neutral sentiment among investors. You can check the latest IPO Grey Market Premium today online.

PS Raj Steels IPO Price Band

PS Raj Steels IPO price band is Rs 132 – Rs 140 per share. The minimum amount required for retail investors to participate in this IPO is Rs 1,40,000 (140 x 1000 shares). However, for the HNI category, the minimum investment amount required is 2,80,000 (140 x 2000 shares).

PS Raj Steels Allotment Status

PS Raj Steels IPO Allotment status will be available on its registrar Bigshare Services Private Limited website on Monday, February 17, 2025. Once the subscription ends after the closing of IPO bidding, the allotment status of investors who applied for IPO will be available on the registrar's website.

PS Raj Steels Listing Date

PS Raj Steels IPO listing date has been decided on Wednesday, February 19, 2025. The Listing will be on the NSE SME platform. Retail investors can sell the shares after 10 AM on the listing day.

PS Raj Steels IPO: Listing Date, Lot Size, Issue Size, Price Band

PS Raj Steels IPO: About the Company

PS Raj Steels Limited, incorporated in 2004, is a supplier and manufacturer of stainless steel pipes and tubes. The company offers a various product range, including outer diameter, nominal bore, section, and slotted pipes, serving industries such as railways, furniture, and food processing.

PS Raj Steels has a manufacturing unit in Hisar, Haryana with a production capacity of up to 13,460 metric tons per year. They provide over 250 standard sizes and offer customised products tailored to specific client requirements. The company focuses on delivering quality stainless-steel solutions to meet diverse industrial needs. Their commitment to customisation and a broad product range positions them as a key supplier.

PS Raj Steels IPO Objectives

PS Raj Steels' IPO objectives include utilising the funding received from the fresh issue to meet the company's working capital requirements.

PS Raj Steels IPO: Key Dates, Allotment, Listing Date

PS Raj Steels IPO Subscription status, IPO Reservation

PS Raj Steels IPO subscription reservations are as follows: not more than 50% of the net issue is reserved for QIB (Qualified Institutional Buyers), not less than 35% for the retail investors and not more than 15% for the HNI category is reserved.

PS Raj Steels IPO Lot Size Details

PS Raj Steels IPO lot size is set at 1000 shares per lot. The minimum amount required for retail investors to participate in this IPO is Rs 1,40,000 (140 x 1000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,80,000 (140 x 2000 shares).

PS Raj Steels IPO Promoter Holdings

PS Raj Steels IPO promoter 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. The promoter's combined shareholdings before the IPO was 100%; however, post-IPO, their shareholdings will decline.

PS Raj Steels Limited Financials (Amt in Rs Cr)

Lead Manager and Registrar of PS Raj Steels IPO

PS Raj Steels PO lead manager is Khambatta Securities Limited. The company has appointed Bigshare Services Private Limited as the registrar for this public issue.

How to apply to the PS Raj Steels IPO

Interested investors who want to apply to the PS Raj Steels IPO can directly apply from the Bigul trading app, or you can apply on the Bigul website here. You can also check the details of other upcoming IPO on the Bigul platform.

PS Raj Steels IPO FAQs

1. What are the core details available of the PS Raj Steels IPO?

PS Raj Steels IPO is a book-built issue worth up to Rs 28.28 crores. The price band for this IPO is Rs 132 – Rs 140 per share. This upcoming IPO is offering entirely a fresh issue of up to 20.20 lakh equity shares.

2. What is the PS Raj Steels IPO open date and close date?

PS Raj Steels IPO subscription opens on Wednesday, February 12, 2025, and closes on Friday, February 14, 2025.

3. What is PS Raj Steels IPO GMP Live?

PS Raj Steels IPO GMP is at Rs 0 indicating neutral sentiment among investors. The IPO GMP today indicates the huge interest of retail investors. It is expected that the listing price can be same as allotment price, Rs 140 per share. You can check the latest IPO Grey Market Premium today online.

4. How do you check the IPO Allotment status?

PS Raj Steels IPO Allotment status is available on its registrar, Bigshare Services Private Limited website on the Listing date Wednesday, February 19, 2025. Once the subscription ends after the closing of IPO bidding, the allotment status of investors who applied for IPO will be available on the registrar's website.

5. Who are the registrar and lead managers of PS Raj Steels IPO?

PS Raj Steels, IPO lead manager, is Khambatta Securities Limited. The company has appointed Bigshare Services Private Limited as the registrar for this public issue.

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