P S Raj Steels Ltd IPO

Strong, experienced and dedicated senior management team and qualified workforce.

Long term relationship with Jindal Stainless Limited.

Cost effective supply chain.

Ability to provide good quality services and customer satisfaction.

Ability to scout for new opportunities and capitalising the same.

Consistent track record of growth and financial performance.

Well known name in Stainless Steel Pipes & Tubes.

Geographical presence in more than 18 states of India.

Ability to serve diverse customer needs.

The Companys sale from trading is expected to decrease in F.Y. 2025 due to decrease in sales to group entity.

The part of the revenue earned by the Company is from the Related Parties/ Group Entities. The loss of any of them may affect the revenue of the Company negatively.

Its business is largely concentrated in four states (States) and is affected by various factors associated with these states.

The Company has reported certain negative cash flows from its investing activities and financing activities, details of which are given below. Sustained negative cash flow could impact its growth and business.

The company source approximately 95% of its raw material requirement from a single supplier, Jindal Stainless Limited (JSL). Cancellation or any delay by JSL or any disruption/ strike/ lock- outs in their business operation could have a material adverse effect on its business, production, sales and financial condition.

The company does not have any long-term agreements with Jindal Stainless Limited, its key supplier, for the continuous supply of raw material. Absence of such agreements leaves it vulnerable to sudden disruptions in supply, potential price increases, or unfavourable adjustments to supply terms, all of which could adversely affect its production schedules and financial stability.

Its cost of production is exposed to fluctuations in the prices of raw material particularly HR Coil and CR Coil. Fluctuations in the prices of these raw materials can have a significant impact on its production costs and overall financial performance.

The Company is dependent on few numbers of customers. Any loss of top 10 customers will significantly affect its revenues and profitability.

The company does not have long-term agreements with any of its customers, the loss of one or more of them or a reduction in their demand for the company products could adversely affect its business, results of operations, financial condition and cash flows.

The Company, its Promoters/ Directors and the company Group Entities are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.