New Delhi, Feb. 17 -- The share allotment of PS Raj Steels initial public offering (IPO) will be finalised today, Monday, February 12. Investors, who had subscribed for the SME IPO, will get to know if the shares have been allocated to them or not.

PS Raj Steels IPO saw strong demand, particularly from non-institutional investors, leading to a subscription exceeding 9 times at closing.

PS Raj Steels' GMP has been declining and currently stands at Rs.0, indicating no premium over the issue price. The IPO was launched at Rs.140 per share, with the listing scheduled for February 19.

PS Raj Steels IPO is a book built issue of Rs.28.28 crores. The issue is entirely a fresh issue of 20.20 lakh shares.

The IPO price band is set at Rs.140 per...