₹ 140000
₹132- ₹140
1000
₹145
4
14 Feb 2025
Download18 Feb 2025
19 Feb 2025
Application Details
The PS Raj Steels IPO is scheduled to open on February 12, 2025, and close on February 14, 2025. The company is offering a total issue size of 20,20,000 shares through a Book Built Issue IPO, with a price band set between ₹132 to ₹140 per share. Each lot comprises 1,000 shares, and the issue aims to raise ₹28.28 crore through a fresh issue.
The face value of each share is ₹10, and the IPO will be listed on the NSE SME platform. As per the tentative schedule, the basis of allotment is expected to be finalized on February 17, 2025, followed by the initiation of refunds and the credit of shares to demat accounts on February 18, 2025. The IPO is likely to be listed on February 19, 2025.
About PS Raj Steels Limited (SME IPO)
Incorporated in November 2004, PS Raj Steels Limited is engaged in the manufacturing and supply of stainless steel pipes and tubes in India. The company offers a diverse product range, including Outer Diameter (OD) pipes (ranging from ½ inch to 18 inches), Nominal Bore (NB) pipes (from 3/8 inch to 18 inches), as well as section pipes in square, rectangular, and oval shapes, along with slotted pipes. These products serve various sectors such as railways, furniture, households, gate railing, door frames, rice plants, sugar mills, food processing, and heat exchangers.
The company's manufacturing facility, located in Hissar, Haryana, spans 3 acres. With a strong distribution network across 18 Indian states, PS Raj Steels directly collaborates with OEMs to ensure timely deliveries and customized solutions. Additionally, the company has built a robust network of 77 dealers across the country.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.