PS Raj Steels Limited’ aims to achieve Rs. 500 crores in revenue by FY27, plans to go public soon
Biznextindia: P S Raj Steels Limited, one of the leading manufacturers and suppliers of stainless-steel pipes and tubes in India, today announced its ambitious plans to achieve Rs. 500 crores in revenue by the financial year 2027. Looking to expand its business beyond the existing markets in India, the Hisar-headquartered company has set its sights on an initial public offering (IPO) to fund its growth plans. The company has appointed Khambatta Securities Limited as the book running lead manager to the offer.
P S Raj Steels is one of the fastest-growing manufacturers & suppliers of stainless-steel pipes and tubes in India. The product range offered and produced by the PSSR consists of approximately 250 sizes of NB (Nominal Bore) & OD (Outer Diameter) series are manufactured enough to create its exclusivity, PAN India. The production of bigger diameter pipe & special sizes for different original equipment manufacturers is the edge of PSSR over other industry competitors.
The company operates a manufacturing unit with an installation capacity of 13,460 metric tons per annum, which is spread over an area of 3 acres in Hisar, Haryana. It supplies finished goods under the brand name “PSSR” in 19 states across India, including Uttar Pradesh, Haryana, Punjab, Madhya Pradesh, Delhi, Rajasthan and others.
Commenting on the company’s growth plans, Mr. Deepak Kumar, Managing Director, P S Raj Steels Limited, said, “We committed to implementing strategic initiatives that will drive sustainable growth and maximize shareholder’s value. Our strategies are designed to capitalize on market opportunities, enhance operational efficiency, and maintain a competitive edge in the stainless-steel pipes and tubes industry. In pursuit of expanding our business across India and strengthening it in the existing markets, we are planning to raise funds through an IPO very soon. These expansion plans will enable us to achieve a revenue of Rs. 500 crores by FY2027.”