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.

PSP Projects IPO Details

IPO Opening DateMay 17, 2017
IPO Closing DateMay 19, 2017
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹205 to ₹210 per equity share
Market Lot70 Shares
Min Order Quantity70 Shares
Listing AtBSE, NSE
Issue Size10,080,000 Eq Shares of ₹10
(aggregating up to ₹211.68 Cr)
Fresh Issue7,200,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Offer for Sale2,880,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)

PSP Projects IPO Tentative Timetable

The PSP Projects IPO open date is May 17, 2017, and the close date is May 19, 2017. The issue may list on May 29, 2017.

IPO Open DateMay 17, 2017
IPO Close DateMay 19, 2017
Basis of Allotment DateMay 24, 2017
Initiation of RefundsMay 26, 2017
Credit of Shares to Demat AccountMay 26, 2017
IPO Listing DateMay 29, 2017

PSP Projects IPO Lot Size

The PSP Projects IPO market lot size is 70 shares. A retail-individual investor can apply for up to 13 lots (910 shares or ₹191,100).

ApplicationLotsSharesAmount (Cut-off)
Minimum170₹14,700
Maximum13910₹191,100

PSP Projects IPO Subscription Status (Bidding Detail)

The PSP Projects IPO is subscribed 8.58x times on May 19, 2017 17:00. The public issue subscribed 6.47x in the retail category, 8.38x in the QIB category, and 10.39x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

8.38x

NII

10.39x

RII

6.47x

Total

8.58x

PSP Projects IPO Prospectus

PSP Projects IPO Rating

535
3.7
Rating:Rated 3.7 stars

Vote Here ...

PSP Projects IPO Listing Date

Listing DateMonday, May 29, 2017
BSE Script Code540544
NSE SymbolPSPPROJECT
Listing InT Group of Securities
ISININE488V01015
IPO Price₹210 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

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

PSP Projects IPO Reviews / Ratings

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
Email: grievance@pspprojects.com
Website: http://www.pspprojects.com

PSP Projects IPO Registrar

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: pspprojects.ipo@karvy.com
Website: https://karisma.kfintech.com/

PSP Projects IPO FAQs

  1. What is PSP Projects IPO?

    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 equity share. The minimum order quantity is 70 Shares.

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

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

  2. When PSP Projects IPO will open?

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

  3. What is the lot size of PSP Projects IPO?

    PSP Projects IPO lot size is 70 Shares and the minimum order quantity is 70 Shares.

  4. How to apply for PSP Projects IPO?

    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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When PSP Projects IPO allotment?

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

  6. When is PSP Projects IPO listing date?

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

PSP Projects IPO Message Board

Ranked Members  Ranked Members

Loading...
252. maheshkumar v patel |Jul 8, 2017 12:06
What should be done in s Chand please reply hold or sell
251. Kumawat Boy |Jun 13, 2017 15:38
good Response now hit 307 high
250. CA M&co.Jodhpur |Jun 13, 2017 11:48
Hold for long term
249. RJ Rocks |Jun 3, 2017 10:41
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 |Jun 7, 2017 19:51
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 |May 29, 2017 19:20
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 |May 31, 2017 10:18
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 |May 31, 2017 19:45
Top Contributor Top Contributor (400+ 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

Ashish Khater

247. Eagleye |May 31, 2017 18:39
IPO Guru IPO Guru (5800+ Posts, 19600+ 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. |May 31, 2017 18:26
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
Next IPO...Approx... Tentative

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

2.CDSL-19 June to 21 June...
245. Jaggu |May 31, 2017 13:48
Next IPO ?
244. Prashant k |May 30, 2017 19:00
Any idea about next IPO?
243. Kumawat Boy |May 30, 2017 17:17
tii date hold psp @ 192 level
242. Futurze Avenue |May 29, 2017 10:43
Dear Septa Sir, Eagleeye Ma''m & other expert, pls suggest for Sun pharma? Is it value buy now?
242.1. P Patel |May 30, 2017 13:39
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
If you ready to stay invested for 1 year than YES, its worth to invest at current level.
241. Jaideep Patil |May 30, 2017 10:57
stock on upper circuit
240. CPPK |May 30, 2017 10:09

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 |May 29, 2017 20:32
Next IPO ?
239.1. jainpk |May 29, 2017 21:47
kitne saal hold kerna hoga ji. tell us about long term definition.
238. ShareView |May 29, 2017 09:59
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 .
238.1. ANIL VERMA |May 29, 2017 19:58
Tomorrow again upper circuit.will u sell.
238.2. ammubutter |Jun 20, 2017 16:11
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Very good calculation u did ........
237. CA M&co.Jodhpur |May 29, 2017 10:37
Buy Hudco..Hudco trying to reach new high.
My Next target 80-82.5
237.1. ANIL VERMA |May 29, 2017 19:55
What time frame.
236. Kumawat Boy |May 29, 2017 10:21
purchase 55 shares @ 192 and sold tomorrow
236.6. Keval.... |May 29, 2017 19:36
you cant sell tomoro, as its in t group
236.7. Keval.... |May 29, 2017 19:38
you can sell only once it credited in demat account
235. Micky |May 29, 2017 14:14
Any details on next IPO ?
234. YOGI HSR |May 27, 2017 17:22
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
234.1. Mumbai DON |May 29, 2017 13:39
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
225???
Kuchbhi post mat kiya kro.
Grow up.
233. IPO KING |May 29, 2017 12:24
મિત્રો આજે ઉપલી સર્કિટ છે રાહ જો જો છ - બાર મહિનામાં રૂપીયા ડબલ થય જશે ટૉટલિ ડેબિટ ફ્રી કંપની છે...







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