The PS Raj Steels Limited IPO Price Target 2030 is set to open on February 12, 2025, and close on February 14, 2025, with the expected listing date on February 19, 2025. The IPO is priced in the range of ₹132 to ₹140 per share, with a total issue size of ₹28.28 crores. The company will be listed on the NSE SME exchange, and the minimum lot size for investors is 1,000 shares.
IPO Details
- IPO Opening Date: February 12, 2025
- IPO Closing Date: February 14, 2025
- Listing Date: February 19, 2025
- Issue Price: ₹132 to ₹140 per share
- Total Issue Size: ₹28.28 crores
- Lot Size: 1,000 shares
- Exchange: NSE SME
Company Background
PS Raj Steels Limited operates in the steel manufacturing and processing sector, specializing in high-quality steel products used in construction, industrial applications, and infrastructure projects. The company has built a strong customer base and is focused on expanding its production capacity and product range.
Objectives of the IPO
- Expansion of Manufacturing Facilities – Enhancing production capabilities to meet rising demand.
- Technology Upgrades – Investment in modern machinery for improved efficiency.
- Debt Repayment – Strengthening the company’s financial position.
- General Corporate Purposes – Supporting operational costs and business expansion.
Financial Performance & Share Price Predictions
- Revenue (Last FY): ₹120 Crores
- Profit (Last FY): ₹18 Crores
- Year-over-Year Growth: 15%
| Year | Predicted Share Price (₹) |
|---|---|
| 2025 | ₹145 – ₹165 |
| 2026 | ₹175 – ₹195 |
| 2027 | ₹200 – ₹225 |
| 2028 | ₹240 – ₹270 |
| 2029 | ₹280 – ₹310 |
| 2030 | ₹320 – ₹350 |
Subscription & Grey Market Premium (GMP) Details
| Category | Expected Subscription |
|---|---|
| Retail Investors | High |
| Institutional Investors | Moderate |
| HNIs | Strong |
- GMP for PS Raj Steels Limited: ₹[To be updated closer to listing]
Key Growth Factors
- Growing Demand for Steel – Increasing applications in construction and industrial projects.
- Government Infrastructure Investments – Major projects driving higher steel consumption.
- Technological Advancements – Improved production efficiency and cost management.
- Export Potential – Expanding reach in global markets for steel products.
Conclusion: Is PS Raj Steels Limited a Good Investment?
The PS Raj Steels Limited IPO presents a solid investment opportunity in the steel manufacturing sector, benefiting from rising infrastructure projects and industrial demand. With expansion plans and financial growth, the company is well-positioned for the future. However, investors should evaluate market conditions and company fundamentals before making investment decisions.