PSP Projects Ltd IPO Message Board (Page 8)

@ Maniac

* let''''s owe ...
* patients get cured even before they actually fall sick....
* residential tower upside down...

Some people visit multiplex or stadium just to watch their favourite stars.They have nothing to do with movie or sport. You are such kind of refreshing st*r in this forum . When you visit this forum , people like me has nothing to do with IPO / GMP . Your comments always remind me comment you posted 🗓a year back regarding '' Lemon & Chillies ''. Keep Posting🙌😊

@maniac @alpesh @septa Ya you all may have your concerns and sentiments. You can disagree with my perception. Only time can tell.
Good luck with yours!!!

Capital Market: " Score 35/100, ost of the past financial track record is due to high-margin government projects that may or may not get repeated. Further, bidding for orders outside Gujarat will not result in a consistent margin performance of the past and business and execution risks will increase going forward, given the size and scale of operations of the company. The scrip at current valuation offers very little for investors."

Angel Broking: “In terms of valuation, PSP’s P/BV multiple annualised 9MFY2017 at 7.9x, works out to be at premium to peers (Ahluwalia Contracts 5.2x, Nila Infra. 3.3x, JMC projects 1.4x, Prakash Controwell 0.4x, RPP Infra 3.7x). Moreover, PSP is aspiring to get in the higher ticket size projects, which is dominated by well reputed players. Management’s lack of experience in diverse geographies and lack of visibility of future order book may become a cause of concern for growth strategy. Hence, we recommend NEUTRAL rating on the issue."

Centrum: ““PSP Projects has a good track record of on-time execution of projects and enjoys long-term relationships with its clientele, which it plans to leverage in order to optimise the project mix. The government’s focus on infrastructure spends would augur well too, The IPO is valued at 25.1 times PE on FY17E basis (post dilution), which is not cheap, but appears to be comfortable."

SMC : “Considering the P/E valuation on the upper end of the price band of Rs. 210, the stock is priced at pre issue P/E of 21.84x on its FY17 EPS of Rs. 9.61. Post issue, the stock is priced at a P/E of 27.31x on its EPS of Rs. 7.69. Looking at the P/B ratio at Rs. 210 the stock is priced at P/B ratio of 7.15x on the pre issue book value of Rs.29.36 and on the post issue book value of Rs. 67.41 the P/B comes out to 3.12x. Though the company provides services across the construction value chain, ranging from planning and design to construction and post-construction activities to private and public sector enterprises, but it has had negative cash flows in the recent periods. Moreover, its business is relatively concentrated in the state of Gujarat. Hence investors with high risk appetite may consider investment in the issue.

Choice Broking:”Considering attractive construction sector outlook, past financial performance and future outlook of the company, we recommend a “Subscribe with Caution” rating for the public issue.”


Jainam Wealth : "recommend investors to “SUBSCRIBE” to the PSP Projects Ltd IPO considering strong track record for successful execution of projects, strong order book of Rs.729 crore, robust financial such as ROE(%) is 34.21% in FY16; Interest cover is 10x in FY16. Company available at P/E of 27x on FY16 EPS and 9x P/BV on upper price band."


SP Tulsiyan website: "Very strong historic growth, visible order book, leverage-free balance sheet give the issue sound fundamentals. However, sudden rise in margins in 9MFY17 before the IPO, small size with geographic concentration, listing in T segment and less fancy for construction stocks currently on the bourses go against the company. Pricing is also not too cheap. Hence one can give the issue a miss. However, the company can be a promising stock and one must keep it on radar, gauging financial performance over the next couple of quarters."

Kostak 450-500 in Rajkot

I want to sell application in can u give contact no

Pl. Contact me nine nine zero 0 for 0 two 0 nine six nine.. Sell 4 app.. Bhavnagar

I want 4 app sell in Bhavnagar... Psp project... Nine nine 0 for 0 two 0 nine six nine

Septa Sir,

Please advice us.....

Avoid to invest as of now... wait for 3-4 months and it will be available at 20-30 % discount. That may be the right time to enter and get profit in 1-3 months.
Same logic applies to SChand as well..

Why to invest with such Management, even after 3 months ?

IPO Bhavnagar - We are here to get gains.
Currently it is over priced. If this IPO comes with 20% less than surly many of us will surly apply. So after 3-4 months if valuation come at reasonable price, there will a good scope to earn from it.

Gmp 450

😁

le to koi rha hi nhi

Getting a bad feeling about the reviews. Same thing happened with some of the other IPOs where on board people were giving negative reviews but it was subscribed more than 30. We rely on the judgment of the IPO gurus and mentors. please help us understand why to avoid or subscribe

avoid avoid avoid

Currently its liquidity driven. Any dumb IPO is getting oversubscribed, If IPO is oversubscribed, does not mean that Company is Good. After all its your choice, even if experts deny here, you may still apply. Such companies do have support of Operators. They help the promoters to subscribe the IPO and then they play with the prices of the stock.

psp ka kya bhav h application or share ka....

Don''t applied infra company. All infra company record is not good. Totally avoided.

No.. Infra sector has performed very well in last 1 year. the sector.

This reflects the pathetic state of Indian IPO market. Most of the Companies hitting the market are highly Priced and are not having proper plans for future expansion. Further, Indian investors too much greedy by preferring for listing gains instead of looking at the business prospects. Added to the woes most of the brokerage firms are completely biased supporting the companies without proper analysis for their vested interests. Very unfortunate situation. Companies like S Chand,PSP Projects are not having much future prospects, but they are exploiting the investors.

We are small Investors.. Though we are so called educated, we will not leave our Greed.. SEBI should do everything to protect us, even if we apply for S Chand and PSP.

Don''t applied infra company. All infra company record is not good. Totally avoided.

JAIPUR MAI KOI KOSTAK RATE NAHI CHAL RAHA PSP KA

SHARE PREMIUM - 30 RS.
SUBJECT TO -1100 RS.

volte-face started..no grey sauda.
no buyer @ 48.

PSP Projects Limited IPO review recommends caution due to recent experience in some IPOs https://is.gd/Hvv9iS

Some people are confused that if chances of allotment are almost nil even when you apply with 5-6 lacs, why NII''s apply, How they earn in good IPO, and why we see bad NII response in bad IPOs (inspite of good QIB)

nderstand this
suppose profit on 3960000 is 5000
intrest cost for NII on 3960000 for 7 days (5% pa rate) - 3800 rs approx
profit - 1200 rs per 3960000

similarly if the apply for 39,60,000,00 rs profit will be 120000

so ye bara game hota hai, NBFC ke paise par, and bara jua hai

lets see a NII bid in demart

3,913,000 shares applied received 14413 (this was biggest NII deal in demart)

money invested - 1,169,987,000 (around 116 carores)

interest cost - around 10 lac for 7 days
profit on sale - 14413 * 300 - 43 lac (lets say he sold it on 600, although day high was 650)

profit around 33 lac with in 7 days without any real investment

so this is how it works

sir,
we are talking here about loans of carores, 100 of carores

For getting loan of 100 Crore, your own worth should be atleast 25 Crore, agree? Secondly, No NBFC will give you loan at 5%, because they were earn far more by putting this money somewhere else.

What is the subscription info for first day till lunch

GMP also in discount .

Why PSP Projects IPO to avoid?


Other side of PSP Projects IPO

The average Equity cost to promoter is only 1 Paisa & is selling shareholder

Before filling in Sebi promoters got 32 shares as bonus against 1 share

In consistency in past top & bottom lines; it will be listed In ''T'' Group

Multidisciplinary construction company but could not build its own offices

Unlikely to continue pre-issue dividend policy: concentration in Gujarat only

PE is expensive & P/BV is very high; RONW has gone down recently

It''s is very risky offer hence for small investors, it is better to avoid this IPO