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PSP Projects Ltd IPO (PSP Projects IPO) Detail

May 17, 2017 - May 19, 2017

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.

Company Promoters:

The Promoters of the company are:

1. Prahaladbhai Shivrambhai Patel
2. Shilpaben Patel

Company Financials:

Summary of financial Information
Particulars For the year/period ended (in Rs. Million)
31-Dec-16 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 2,741.50 2,287.13 1,863.78 1,362.71 1,009.60 918.53
Total Revenue 2,494.15 4,677.14 2,869.67 2,147.97 2,609.69 1,807.53
Profit After Tax (PAT) 214.83 249.31 140.54 100.70 122.50 83.52

Objects of the Issue:

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 Detail:

  »»  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 Reviews:

  1. PSP Projects Ltd IPO review by Dilip Davda

PSP Projects IPO Recommendations:

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Issue Subscription Detail / Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved3,024,0001,512,0001,008,0005,544,000
Day 1 - May 17, 2017 17:00 IST0.00000.15000.38000.1100
Day 2 - May 18, 2017 17:00 IST0.04000.16001.10440.2708
Day 3 - May 19, 2017 17:00 IST8.380010.39006.47008.5800

PSP Projects IPO Prospectus

PSP Projects IPO Rating

535
3.7
Rating:Rated 3.7 stars

Vote Here ...

PSP Projects IPO Listing Date

  •   ›  Listing Date: Monday, May 29, 2017
  •   ›  BSE Script Code: 540544
  •   ›  NSE Symbol: PSPPROJECT
  •   ›  Listing In: ‘T’ Group of Securities
  •   ›  ISIN: INE488V01015
  •   ›  Issue Price: Rs 210 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 210.00
Rs 199.00
Rs 189.05
Rs 208.95
Rs 208.95
181,252
NSE
Rs 210.00
Rs 190.00
Rs 190.00
Rs 199.50
Rs 199.50
425,256

PSP Projects IPO News Alerts

  1. Monday, May 29, 2017 12:00:00 AM
    PSP Projects Ltd IPO - Listing
  2. Thursday, May 25, 2017 12:00:00 AM
    PSP Projects Ltd IPO - Allotment
  3. Friday, May 19, 2017 12:00:00 AM
    PSP Projects Ltd IPO - Close
  4. Wednesday, May 17, 2017 12:00:00 AM
    PSP Projects Ltd IPO - Open

Company Contact Information

PSP Projects Ltd
PSP House, opposite Celesta Courtyard,
opposite lane of Vikram Nagar Colony,
Iscon-Ambli Road, Ahmedabad - 380 054
Phone: +91 79 26936200/300/400
Fax: +91 79 26936500
Email: grievance@pspprojects.com
Website: http://www.pspprojects.com

PSP Projects IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: pspprojects.ipo@karvy.com
Website: http://karisma.karvy.com

PSP Projects IPO Lead Manager(s)

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PSP Projects IPO Review / Comments

avatar
252. maheshkumar v patel  Jul 8, 2017 12:06:40 PM IST I Like It. | Report Abuse
What should be done in s Chand please reply hold or sell
avatar
251. Kumawat Boy  Jun 13, 2017 3:38:54 PM IST I Like It. | Report Abuse
good Response now hit 307 high
avatar
250. CA M&co.Jodhpur  Jun 13, 2017 11:48:57 AM IST I Like It. | Report Abuse
Hold for long term
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249. RJ Rocks  Jun 3, 2017 10:41:36 AM IST I Like It. | Report Abuse
I did not get allotment in PSP but my amount is still blocked in SBI. What should I have to do? Please suggest all experts. Thanks in advance.
avatar
249.1. BullOverBear  Jun 7, 2017 7:51:14 PM IST I Like It. | Report Abuse
Ask to SBI, by email only. The reply should come quickly and then follow what they instruct using this ''reply email'' from SBI as basis. I believe this should help.
avatar
248. CPPK  May 29, 2017 7:20:18 PM IST I Like It. | Report Abuse
What is the significance of P/E Ratio & EPS Ratio to choose a share for investing. Is High P/E & EPS ratio indicate the the company is good for investing. Please Suggest.
avatar
248.3. CPPK  May 31, 2017 10:18:41 AM IST I Like It. | Report Abuse
Thx Asish & Maniac. Also want to know about Reserve and surplus . If a company shown reserve and surplus in his books of account. Is Reserve and surplus is also the part of dividend which is not distributed to the shareholders and kept for further expansion or for any other reason.
avatar
248.4. Ashish Khater  May 31, 2017 7:45:08 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
They can be used for buyback etc. Though if they r utilised for expansion can generate additional revenue to the Company. Example is Infosys, coal India , tcs etc
avatar
247. Eagleye  May 31, 2017 6:39:32 PM IST I Like It. 3 | Report Abuse
IPO Guru IPO Guru (4400+ Posts, 12200+ Likes)
CDSL IPO – Schedule – Page #493 of RHP

07th June – Offer Opens
09th June – Offer Closes
15th June – Finalisation of Basis of Allotment
16th June – Unblocking of ASBA
16th June – Credit to Demat Accounts
19th June – Listing on NSE & BSE
avatar
246. Viraj.  May 31, 2017 6:26:39 PM IST I Like It. 3 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Next IPO...Approx... Tentative

1.Tejas Network- 7 June to 9 June...

2.CDSL-19 June to 21 June...
avatar
245. Jaggu  May 31, 2017 1:48:56 PM IST I Like It. | Report Abuse
Next IPO ?
avatar
244. Prashant k  May 30, 2017 7:00:55 PM IST I Like It. | Report Abuse
Any idea about next IPO?
avatar
243. Kumawat Boy  May 30, 2017 5:17:22 PM IST I Like It. | Report Abuse
tii date hold psp @ 192 level
avatar
242. Futurze Avenue  May 29, 2017 10:43:42 AM IST I Like It. | Report Abuse
Dear Septa Sir, Eagleeye Ma''m & other expert, pls suggest for Sun pharma? Is it value buy now?
avatar
242.1. P Patel  May 30, 2017 1:39:54 PM IST I Like It. 2 | Report Abuse
If you ready to stay invested for 1 year than YES, its worth to invest at current level.
avatar
241. Jaideep Patil  May 30, 2017 10:57:27 AM IST I Like It. 1 | Report Abuse
stock on upper circuit
avatar
240. CPPK  May 30, 2017 10:09:41 AM IST I Like It. | Report Abuse

Please anyone reply. I Want to learn how to invest in equity market. Instead of invest blindly

What is the significance of P/E Ratio & EPS Ratio to choose a share for investing. Is High P/E & EPS ratio indicate that the company is good for investing. Please Suggest.
avatar
239. Jaggu  May 29, 2017 8:32:57 PM IST I Like It. | Report Abuse
Next IPO ?
avatar
239.1. jainpk  May 29, 2017 9:47:43 PM IST I Like It. 1 | Report Abuse
kitne saal hold kerna hoga ji. tell us about long term definition.
avatar
238. ShareView  May 29, 2017 9:59:36 AM IST I Like It. 7 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 1700+ Likes)
My earlier Post on MAY 17

127. ShareView May 17, 2017 10:10:05 AM IST I Like It. 5 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 1100+ Likes)

* Clearly Avoid.
* No active GMP.
* T group factor - Chances of getting trapped if hitted Lower Circuit on Listing Day.You won''''t be able to exit on listing day.
* Listing Range 190 - 195 . After that likely to fall down to 170 - 175 level within few days like S Chand and CL Edu.
* Anchor Investors are also only domestic.
* Remember Karvy is not only Registrar but also BRLM and its past records are not so impressive .
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238.1. ANIL VERMA  May 29, 2017 7:58:05 PM IST I Like It. 2 | Report Abuse
Tomorrow again upper circuit.will u sell.
avatar
238.2. ammubutter  Jun 20, 2017 4:11:45 PM IST I Like It. | Report Abuse
Very good calculation u did ........
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237. CA M&co.Jodhpur  May 29, 2017 10:37:13 AM IST I Like It. 3 | Report Abuse
Buy Hudco..Hudco trying to reach new high.
My Next target 80-82.5
avatar
237.1. ANIL VERMA  May 29, 2017 7:55:29 PM IST I Like It. | Report Abuse
What time frame.
avatar
236. Kumawat Boy  May 29, 2017 10:21:40 AM IST I Like It. | Report Abuse
purchase 55 shares @ 192 and sold tomorrow
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236.6. Keval....  May 29, 2017 7:36:27 PM IST I Like It. | Report Abuse
you cant sell tomoro, as its in t group
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236.7. Keval....  May 29, 2017 7:38:10 PM IST I Like It. | Report Abuse
you can sell only once it credited in demat account
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235. Micky  May 29, 2017 2:14:14 PM IST I Like It. | Report Abuse
Any details on next IPO ?
avatar
234. YOGI HSR  May 27, 2017 5:22:59 PM IST I Like It. 2 | Report Abuse
PSP Projects

GMP 15-16

List Around 225-230
Listing Date : Monday 29,2017

BSE Script Code: 540544
NSE Symbol: PSPPROJECT

Listing In: ''T'' Group of Securities

ISIN: INE488V01015
avatar
234.1. Mumbai DON  May 29, 2017 1:39:56 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
225???
Kuchbhi post mat kiya kro.
Grow up.
avatar
233. IPO KING  May 29, 2017 12:24:28 PM IST I Like It. 4 | Report Abuse
મિત્રો આજે ઉપલી સર્કિટ છે રાહ જો જો છ - બાર મહિનામાં રૂપીયા ડબલ થય જશે ટૉટલિ ડેબિટ ફ્રી કંપની છે...
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