FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
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.
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 Size | 10,080,000 shares (aggregating up to ₹211.68 Cr) |
Fresh Issue | 7,200,000 shares (aggregating up to ₹[.] Cr) |
Offer for Sale | 2,880,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 28,800,000 |
Share holding post issue | 36,000,000 |
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 Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 3,024,000 (54.55%) | NA |
NII (HNI) Shares Offered | 1,512,000 (27.27%) | |
Retail Shares Offered | 1,008,000 (18.18%) | 14,400 |
Total Shares Offered | 5,544,000 (100%) |
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 |
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 |
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.
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 |
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.
[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...
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)
Category | Subscription (times) |
---|---|
QIB | 8.38 |
NII | 10.39 |
Retail | 6.47 |
Total | 8.58 |
Listing Date | May 29, 2017 |
BSE Script Code | 540544 |
NSE Symbol | PSPPROJECT |
ISIN | INE488V01015 |
Final Issue Price | ₹210 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹210.00 |
₹199.00 |
₹189.05 |
₹208.95 |
₹208.95 |
NSE |
---|
₹210.00 |
₹190.00 |
₹190.00 |
₹199.50 |
₹199.50 |
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
Email: grievance@pspprojects.com
Website: http://www.pspprojects.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: pspprojects.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|