Incorporated in 2008, PSP Projects Ltd is an India based construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects.
The company constructs industrial buildings for pharmaceutical plants, food processing units, engineering units and manufacturing and processing facilities; and buildings for hospitals and healthcare services, educational institutes, malls, hospitality services, and corporate offices. They also undertakes government projects and government residential projects; and constructs buildings for group housing and townships, as well as independent residences for select private customers, as well as manufactures ready mix concrete.
They have successfully executed a number of prestigious projects across Gujarat. One of the first major projects that they completed was the construction of the GCS Medical College, Hospital and Research Centre (managed by the Gujarat Cancer Society) in June 2012.
The Promoters of the company are:
1. Prahaladbhai Shivrambhai Patel
2. Shilpaben Patel
|Particulars||For the year/period ended (in Rs. Million)|
|Profit After Tax (PAT)||214.83||249.31||140.54||100.70||122.50||83.52|
The object of the issue are to:
1. Funding working capital requirements of the Company;
2. Funding capital expenditure requirements of the Company; and
3. General corporate purposes.
»» Issue Open: May 17, 2017 - May 19, 2017
»» Issue Type: Book Built Issue IPO
»» Issue Size: 10,080,000 Equity Shares of Rs 10 aggregating up to Rs 211.68 Cr
› Fresh Issue of 7,200,000 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
› Offer for Sale of 2,880,000 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 205 - Rs 210 Per Equity Share
»» Market Lot: 70 Shares
»» Minimum Order Quantity: 70 Shares
»» Listing At: BSE, NSE
PSP Projects IPO Subscription Status tells if PSP Projects IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. PSP Projects IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||3,024,000||1,512,000||1,008,000||5,544,000|
|Day 1 - May 17, 2017 17:00 IST||0.0000||0.1500||0.3800||0.1100|
|Day 2 - May 18, 2017 17:00 IST||0.0400||0.1600||1.1044||0.2708|
|Day 3 - May 19, 2017 17:00 IST||8.3800||10.3900||6.4700||8.5800|
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