P S Raj Steels IPO — Listing Performance
P S Raj Steels IPO facts & figures
| Issue category | SME |
|---|---|
| Issue open date | 12 Feb 2025 |
| Listing date | 19 Feb 2025 |
| Overall subscription | 9.21x |
| Issue price | ₹140 |
| Listing-day close | ₹150.60 (7.57%) |
| Recent market price | ₹98.90 (-29.36% vs issue) |
| 52-week range | ₹76.35 – ₹433.15 |
| Identifiers | NSE: PSRAJ · ISIN: INE0XUS01020 |
How the listing went
P S Raj Steels saw a healthy listing pop, closing day one 7.57% above the issue price, on moderate subscription of 9.21x.
P S Raj Steels against every other debut on record
- Rank in 2025: 99 of 215 NSE debuts, on a 7.57% first-day close.
- 53rd percentile of 116 SME debuts in 2025 (median 6.52%).
- 4th of 15 debuts in February 2025.
- Subscribed 9.21x: 50th percentile of 165 SME issues with a figure; the 32 subscribed between 5 and 20 times closed day one a median 7.66%.
- Opened 3.57% above issue, then added 4 points to the close.
- Day-one range ₹145 to ₹152.25: a 5.18% swing on the issue price.
- Last close ₹98.90 (11 Sep 2026): 29.36% below issue, against 7.57% on day one.
- 6% up its 52-week range of ₹76.35 to ₹433.15.
- Priced at the top of the ₹132 to ₹140 band.
- Listed 5 calendar days after close.
- All 601 SME debuts on record: median 14.22%, 79% closed above issue.
Computed over 1109 verified NSE debuts to 11 Sep 2026 · sources