ListedSMESteel & Iron ProductsPSRAJ

PS Raj Steels IPO

PS Raj Steels IPO is an SME IPO raising ₹28 Cr at ₹132 – ₹140 a share. It listed on 19 Feb 2025 at ₹145, +3.6% against its issue price of ₹140, and trades at ₹95 today. We do not publish a return against the issue price for it: a bonus issue, split or reissue since listing means the two prices are not on the same basis, and we could not measure the ratio. It was subscribed 5.30× in total.

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₹140

Issue price

₹95

Price now

—

Since issue price

19 Feb 2025

Listed on

5.30×Subscribed (final) · all exchanges

5.3 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹132 – ₹140

Cut-off price₹140

Issue size₹28 Cr

Shares per lot1000

Minimum application₹1,40,000

Minimum quantity1000

Face value₹10

Listing exchangesNSE

ISININE0XUS01012

Bidding hours10:00 – 17:00 IST

Bidding window12 Feb 2025 – 14 Feb 2025

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.