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PSP Projects Ltd IPO (PSP Projects IPO) Detail

May 17, 2017 - May 19, 2017

PSP Projects IPO is a book built issue of Rs 211.68 crores. The issue is a combination of fresh issue of 0.72 crore shares and offer for sale of 0.29 crore shares.

PSP Projects IPO bidding started from May 17, 2017 and ended on May 19, 2017. The allotment for PSP Projects IPO was finalized on Wednesday, May 24, 2017. The shares got listed on BSE, NSE on May 29, 2017.

PSP Projects IPO price band is set at ₹205 to ₹210 per share. The minimum lot size for an application is 70 Shares. The minimum amount of investment required by retail investors is ₹14,700.

Karvy Investor Services Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers of the PSP Projects IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to PSP Projects IPO RHP for detailed information.

PSP Projects IPO Details

IPO Date May 17, 2017 to May 19, 2017
Listing Date May 29, 2017
Face Value ₹10 per share
Price Band ₹205 to ₹210 per share
Lot Size 70 Shares
Total Issue Size10,080,000 shares
(aggregating up to ₹211.68 Cr)
Fresh Issue7,200,000 shares
(aggregating up to ₹[.] Cr)
Offer for Sale2,880,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

PSP Projects IPO Reservation

PSP Projects IPO offers 5,544,000 shares. 3,024,000 (54.55%) to QIB, 1,512,000 (27.27%) to NII, 1,008,000 (18.18%) to RII. 14,400 RIIs will receive minimum 70 shares and (sNII) and (bNII) will receive minimum 980 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered3,024,000 (54.55%)NA
NII (HNI) Shares Offered1,512,000 (27.27%)
Retail Shares Offered1,008,000 (18.18%)14,400
Total Shares Offered5,544,000 (100%)

PSP Projects IPO Timeline (Tentative Schedule)

PSP Projects IPO opens on May 17, 2017, and closes on May 19, 2017.

IPO Open Date Wednesday, May 17, 2017
IPO Close Date Friday, May 19, 2017
Basis of Allotment Wednesday, May 24, 2017
Initiation of Refunds Friday, May 26, 2017
Credit of Shares to Demat Friday, May 26, 2017
Listing Date Monday, May 29, 2017
Cut-off time for UPI mandate confirmation 5 PM on May 19, 2017

PSP Projects IPO Lot Size

Investors can bid for a minimum of 70 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 70 ₹14,700
Retail (Max) 13 910 ₹191,100
Lot Size Calculator

About PSP Projects Ltd

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 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 (PSP Projects IPO Objectives)

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.

PSP Projects IPO Review (May apply)

[Dilip Davda]  Being an issue below Rs. 250 crore, its listing will be in "T" group that will eliminate the speculative aspect for initial period. On pricing front, issue is fully priced and hence risk savvy cash surplus investors may consider investment in this issue. Read detail review...

PSP Projects IPO Subscription Status (Bidding Detail)

The PSP Projects IPO is subscribed 8.58 times on May 19, 2017 5:00:00 PM. The public issue subscribed 6.47 times in the retail category, 8.38 times in the QIB category, and 10.39 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

PSP Projects IPO Prospectus

PSP Projects IPO Rating

Rating:Rated 3.7 stars
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PSP Projects IPO Listing Details

Listing Date May 29, 2017
BSE Script Code 540544
ISIN INE488V01015
Final Issue Price ₹210 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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PSP Projects Ltd Contact Details

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

PSP Projects IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

PSP Projects IPO - Buy or Not

PSP Projects IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 3 0 0
Members 0 0 0

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PSP Projects IPO FAQs

PSP Projects IPO is a main-board IPO of 10,080,000 equity shares of the face value of ₹10 aggregating up to ₹211.68 Crores. The issue is priced at ₹205 to ₹210 per share. The minimum order quantity is 70 Shares.

The IPO opens on May 17, 2017, and closes on May 19, 2017.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The PSP Projects IPO opens on May 17, 2017 and closes on May 19, 2017.

PSP Projects IPO lot size is 70 Shares, and the minimum amount required is ₹14,700.

You can apply in PSP Projects IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for PSP Projects IPO will be done on Wednesday, May 24, 2017, and the allotted shares will be credited to your demat account by Friday, May 26, 2017. Check the PSP Projects IPO allotment status.

The PSP Projects IPO listing date is on May 29, 2017.
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PSP Projects IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



252. maheshkumar v patel |   Link |  Bookmark |July 8, 2017 12:06:40 PM
What should be done in s Chand please reply hold or sell
251. Kumawat Boy |   Link |  Bookmark |June 13, 2017 3:38:54 PM
good Response now hit 307 high
250. CA M&co.Jodhpur |   Link |  Bookmark |June 13, 2017 11:48:57 AM
Hold for long term
249. RJ Rocks |   Link |  Bookmark |June 3, 2017 10:41:36 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
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.
249.1. BullOverBear |   Link |  Bookmark |June 7, 2017 7:51:14 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
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.
248. CPPK |   Link |  Bookmark |May 29, 2017 7:20:18 PM
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.
248.3. CPPK |   Link |  Bookmark |May 31, 2017 10:18:41 AM
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.
248.4. Ashish Khater |   Link |  Bookmark |May 31, 2017 7:45:08 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ 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
Jai Jinendra....Jai Shree Ram
247. Eagleye |   Link |  Bookmark |May 31, 2017 6:39:32 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ 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
246. Viraj. |   Link |  Bookmark |May 31, 2017 6:26:39 PM
IPO Mentor IPO Mentor (900+ Posts, 1100+ Likes)
Next IPO...Approx... Tentative

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

2.CDSL-19 June to 21 June...
245. Jaggu |   Link |  Bookmark |May 31, 2017 1:48:56 PM
Next IPO ?
244. Prashant k |   Link |  Bookmark |May 30, 2017 7:00:55 PM
Any idea about next IPO?
243. Kumawat Boy |   Link |  Bookmark |May 30, 2017 5:17:22 PM
tii date hold psp @ 192 level
242. Futurze Avenue |   Link |  Bookmark |May 29, 2017 10:43:42 AM
Dear Septa Sir, Eagleeye Ma''m & other expert, pls suggest for Sun pharma? Is it value buy now?
242.1. P Patel |   Link |  Bookmark |May 30, 2017 1:39:54 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
If you ready to stay invested for 1 year than YES, its worth to invest at current level.
241. Jaideep Patil |   Link |  Bookmark |May 30, 2017 10:57:27 AM
stock on upper circuit
240. CPPK |   Link |  Bookmark |May 30, 2017 10:09:41 AM

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.
239. Jaggu |   Link |  Bookmark |May 29, 2017 8:32:57 PM
Next IPO ?
239.1. jainpk |   Link |  Bookmark |May 29, 2017 9:47:43 PM
kitne saal hold kerna hoga ji. tell us about long term definition.
238. ShareView |   Link |  Bookmark |May 29, 2017 9:59:36 AM
IPO Guru IPO Guru (2400+ Posts, 3600+ 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 .
238.1. ANIL VERMA |   Link |  Bookmark |May 29, 2017 7:58:05 PM
Tomorrow again upper circuit.will u sell.
238.2. ammubutter |   Link |  Bookmark |June 20, 2017 4:11:45 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Very good calculation u did ........
237. CA M&co.Jodhpur |   Link |  Bookmark |May 29, 2017 10:37:13 AM
Buy Hudco..Hudco trying to reach new high.
My Next target 80-82.5
237.1. ANIL VERMA |   Link |  Bookmark |May 29, 2017 7:55:29 PM
What time frame.
236. Kumawat Boy |   Link |  Bookmark |May 29, 2017 10:21:40 AM
purchase 55 shares @ 192 and sold tomorrow
236.6. Keval.... |   Link |  Bookmark |May 29, 2017 7:36:27 PM
you cant sell tomoro, as its in t group
236.7. Keval.... |   Link |  Bookmark |May 29, 2017 7:38:10 PM
you can sell only once it credited in demat account
235. Micky |   Link |  Bookmark |May 29, 2017 2:14:14 PM
Any details on next IPO ?
234. YOGI HSR |   Link |  Bookmark |May 27, 2017 5:22:59 PM
PSP Projects

GMP 15-16

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

BSE Script Code: 540544

Listing In: ''T'' Group of Securities

ISIN: INE488V01015
234.1. Mumbai DON |   Link |  Bookmark |May 29, 2017 1:39:56 PM (200+ Posts, 200+ Likes)
Kuchbhi post mat kiya kro.
Grow up.
233. IPO KING |   Link |  Bookmark |May 29, 2017 12:24:28 PM
મિત્રો આજે ઉપલી સર્કિટ છે રાહ જો જો છ - બાર મહિનામાં રૂપીયા ડબલ થય જશે ટૉટલિ ડેબિટ ફ્રી કંપની છે...