59  Total SME IPOs listed in 2025

2,613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

PS Raj Steels Limited IPO Analysis

PS Raj Steels IPO is a Book Building listing on NSE EMERGE exchange. The company is based in Hisar and caters to Steel sector. Khambatta Securities is the merchant banker of PS Raj Steels IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 10th September 2024.

PS Raj Steels IPO posted revenues of ₹ 278.24 crores and PAT of ₹ 7.74 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 278.22 Cr.
            EBITDA: ₹ 12.70 Cr.
            PAT: ₹ 7.74 Cr.
  • EBITDA Margin: 4.56 %
            Pat Margin: 2.78 %
  • Net Worth: ₹ 34.43 Cr.
  • Market Capitalisation: ₹ 105.54 Cr.
  • P/E: 13.65 times
  • P/BV: 1.68 times
  • EV/EBITDA: 9.66 times
Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Book Building

PS Raj IPO Financial Performance (Restated)

Financial results of PS Raj Steels IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Sep-24 FY24 FY23 FY22
Balance Sheet
Assets 55.36 52.07 74.12 45.94
Net Worth 34.43 30.60 24.30 20.65
Total Debt 17.25 17.80 18.02 17.09
Profit & Loss
Revenue
Revenue on annualised basis
139.11
278.22
297.75 225.43 179.72
EBITDA
EBITDA on annualised basis
6.35
12.70
10.80 6.95 6.71
PAT
PAT on annualised basis
3.87
7.74
6.36 3.65 3.57
Financials
30-Sep-24
FY24
FY23
FY22
Balance Sheet
Assets
55.36
52.07
74.12
45.94

Net Worth
34.43
30.60
24.30
20.65

Total Debt
17.25
17.80
18.02
17.09

Profit & Loss
Revenue
Revenue on annualised basis
139.11
278.22
297.75
225.43
179.72

EBITDA
EBITDA on annualised basis
6.35
12.70
10.80
6.95
6.71

PAT
PAT on annualised basis
3.87
7.74
6.36
3.65
3.57

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

PS Raj IPO Key performance Indicators (KPI)

PS Raj Steels IPO PAT Margin is 2.78 % , ROCE (Return on Capital Employed) is 11.51 % as per latest financial. The below table shows PS Raj Steels IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Sep-24 FY24 FY23 FY22
EBITDA Margin (%) 4.56 3.63 3.08 3.73
PAT Margin (%) 2.78 2.14 1.62 1.99
EPS (₹) 7.01 11.53 6.62 6.47
ROE (%) 11.24 20.78 15.02 17.29
ROCE (%) 11.51 20.64 14.56 15.75
ROA (%) 6.99 12.21 4.92 7.77
Debt to Equity 0.50 0.58 0.74 0.83
Particulars
30-Sep-24
FY24
FY23
FY22

EBITDA Margin (%)
4.56
3.63
3.08
3.73

PAT Margin (%)
2.78
2.14
1.62
1.99

EPS (₹)
7.01
11.53
6.62
6.47

ROE (%)
11.24
20.78
15.02
17.29

ROCE (%)
11.51
20.64
14.56
15.75

ROA (%)
6.99
12.21
4.92
7.77

Debt to Equity (x)  
0.50
0.58
0.74
0.83

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

PS Raj Steels IPO Valuation Metrics

The market Capitalisation of PS Raj Steels IPO is ₹ 105.54 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
105.54

Enterprise Value (EV) (₹ Cr.):
122.71

EV/EBITDA (times) :
9.66

PE Multiple (times) :
13.65

P/B (times) :
1.68

NAV (₹) :
62.39

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in PS Raj prospectus?

The PS Raj Steels IPO prospectus highlights an Return on Equity (ROE) of 15 %, Return on Assets (ROA) of 12 %, and an EBITDA Margin of 18 %, showcasing financial performance.

How do profitability ratios impact the evaluation of PS Raj IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows PS Raj Steels IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for PS Raj IPO ?

The post-IPO market capitalisation of PS Raj Steels IPO is ₹ 105.54 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of PS Raj IPO?

The PS Raj Steels IPO has a Price-to-Earnings (PE) ratio of 13.65 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of PS Raj Steels IPO?

PS Raj Steels IPO reported revenue of ₹ 278.24 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from PS Raj Steels IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of PS Raj Steels IPO?

PS Raj Steels recorded an EBITDA of ₹ 12.70 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of PS Raj Steels IPO?

PS Raj Steels Profit After Tax (PAT) is ₹ 7.74 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 278.22 Cr.
            EBITDA: ₹ 12.70 Cr.
            PAT: ₹ 7.74 Cr.
  • EBITDA Margin: 4.56 %
            Pat Margin: 2.78 %
  • Net Worth: ₹ 34.43 Cr.
  • Market Capitalisation: ₹ 105.54 Cr.
  • P/E: 13.65 times
  • P/BV: 1.68 times
  • EV/EBITDA: 9.66 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

PS Raj Steels operates in Steel and Manufacturing And Supplying SS Pipes And Tubers. The Issue is listed on NSE EMERGE in Feb, 2025. PS Raj Steels IPO size was 28.28 with Issue price of 140.00 .

PS Raj Steels IPO subscription was 9.82 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

PS Raj Steels IPO listed at a listing price of 145.00 against the offer price of 140.00.

The current market price of PS Raj Steels is 140.00.

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