Mumbai, Feb. 19 -- The scrip was listed at 145, a premium of 3.57% over the initial public offer (IPO) price. The stock was currently flat compared to its listing price.

The counter hit a high of Rs 147.90 and a low of Rs 145. About 6.47 lakh shares of the company changed hands at the counter.

P S Raj Steels' IPO was subscribed 9.20 times. The issue opened for bidding on 12 February 2025, and it closed on 14 February 2025. The price band of the IPO was set at Rs 132 to 140 per share.

The IPO comprised a fresh issue of 14,51,000 shares. The company intends to utilize the net proceeds to meet working capital requirements.

Ahead of the IPO, P S Raj Steels on 11 February 2025, raised Rs 7.96 crore from anchor investors. The board allotted...