Support and Resistance Levels
Past performance
About P S Raj Steels Ltd P S Raj Steels Limited, originally established as P S Raj Steels Private Limited in 2004, transitioned into a public company in August 2024. The company specializes in manufacturing stainless steel pipes and tubes, serving key sectors such as railways, furniture, household items, gate railings, door frames, and industrial uses like rice plants, sugar mills, food processing, and heat exchangers. Headquartered in Haryana, the company has positioned itself as a key player in the stainless steel manufacturing industry.
The company began trading stainless steel in 2005-06 and initiated the construction of its manufacturing facility in Hisar, Haryana, in 2006-07. Over the years, it has expanded its production capabilities by installing tube mills and automatic polishing machines. By 2012, its production capacity had risen to approximately 1,411 metric tons. Further enhancements were made with the installation of a slitting-line machine in 2015-16, culminating in the completion of a new facility, Building-3, in Hisar in 2019.
To fuel its growth and expand operations, P S Raj Steels Limited is planning an Initial Public Offering (IPO), issuing up to 2,020,000 equity shares as part of a fresh issue. This move marks a significant step in the company’s evolution and offers potential shareholders an opportunity to invest in a growing manufacturer with a strong presence in multiple industrial and consumer markets.
With a well-established production base, diverse end-user applications, and demonstrated growth in manufacturing capabilities, P S Raj Steels Limited presents an appealing opportunity for traders and investors looking to capitalize on the stainless steel sector's expansion.