PS Raj Steels Limited IPO GMP

PSSR Group is one of India’s most trusted names in the Stainless Steel Pipes & Tubes Industry. The Group was established in the year 1996 and P S Raj Steels Limited (Formerly Known As P S Raj Steels Private Limited) in Corporated in the year 2004 with a vision to manufacture and provide Stainless Steel Tubular solutions to the industry.

PS Raj Steels, an Book Built Issue amounting to ₹ 28.28 Crores, consisting entirely an Fresh Issue of 20.20 Lakh Shares. The subscription period for the PS Raj Steels IPO opens on February 12, 2025, and closes on February 14, 2025. The allotment is expected to be finalized on or about Monday, February 17, 2025, and the shares will be listed on the NSE SME with a tentative listing date set on or about Wednesday, February 19, 2025.

The Share price band of PS Raj Steels IPO is set at ₹ 132 to ₹ 140 per equity share. The Market Capitalisation of the PS Raj Steels Limited at IPO price of ₹ 140 per equity share will be ₹ 105.53 Crores. The lot size of the IPO is 1,000 shares. Retail investors are required to invest a minimum of ₹ 1,40,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,000 shares), amounting to ₹ 2,80,000.

KHAMBATTA SECURITIES LIMITED is the book running lead manager of the PS Raj Steels IPO, while BIGSHARE SERVICES PRIVATE LIMITED is the registrar for the issue. Nikunj Stock Brokers Limited is the Market Maker for PS Raj Steels IPO.

PS Raj Steels Limited IPO GMP Today
The Grey Market Premium of PS Raj Steels Limited IPO is expected to be ₹ 0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

PS Raj Steels Limited IPO Live Subscription Status Today: Real-Time Update
As of 06:30 PM on 14 February, 2025, the PS Raj Steels IPO live subscription status shows that the IPO subscribed 9.21 times on its Last day of subscription period. Check the PS Raj Steels IPO Live Subscription Status Today at NSE.

PS Raj Steels Limited Day Wise IPO GMP Trend

PS Raj Steels IPO Anchor Investors Report
PS Raj Steels has raised ₹ 7.96 Crores from Anchor Investors at a price of ₹ 140 per shares in consultation of the Book Running Lead Managers. The company allocated 5,69,000 equity shares to the Anchor Investors. Check Full List of PS Raj Steels Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion

PS Raj Steels Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
PS Raj Steels IPO allotment date is 17 February, 2025, Monday. PS Raj Steels IPO Allotment will be out on 17 February, 2025 and will be live on Registrar Website from the allotment date. Check PS Raj Steels IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select PS Raj Steels Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of PS Raj Steels Limited IPO
PS Raj Steels proposes to utilise the Net Proceeds towards the following objects: 
1. ₹ 2,650.00 Lakhs is required to meet the working capital requirements of the Company

Refer to PS Raj Steels Limited RHP for more details about the Company.