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PS Raj Steels IPO price band
PS Raj Steels has fixed a price band of Rs 132-140 per share. Investors can bid for 1000 shares in one lot and in multiples thereafter.
PS Raj Steels IPO proceeds
The company proposes to use the net proceeds from the IPO towards working capital requirements and other general corporate purposes.
PS Raj Steels IPO allotment and listing date
PS Raj Steels IPO allotment will be finalised on February 17 and the listing for the shares is scheduled on February 19.
All you need know about PS Raj Steels IPO
The company is a manufacturer and supplier of stainless-steel pipes and tubes in India. Its product mainly includes outer diameter (OD) pipes, nominal bore (NB) pipes, section pipes and slotted pipes with an extensive array of over 250 standard sizes.In addition to its core manufacturing operations, as on September 2024, about 25.42% of the company’s revenue come from trading in stainless-steel coils and strips, sheets and plates, and bars.
It serves a wide range of sectors including railways, furniture, households, gate railing, door frames, rice plants, sugar mills, food processing and heat exchanger etc.
Some of the items produced by these manufacturers include trolleys for airports made of SS pipes, pipes used in plant and machinery for sugar, rice, and food processing industries. Moreover, the SS pipes are also supplied to manufacturers of heat exchangers and boilers.
Khambatta Securities is the book-running lead manager of the IPO, while Bigshare Services is the registrar.
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