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PSP Projects IPO Subscription Details (Live Status)

PSP Projects IPO Details

IPO Open May 17, 2017
IPO Close May 19, 2017
IPO Price ₹210
Face Value ₹10
IPO Size ₹211.68 Cr
Listing At BSE, NSE
Lot Size 70
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PSP Projects IPO Subscription Status Live

PSP Projects IPO subscribed 8.58 times. The public issue subscribed 6.47 times in the retail category, 8.38 times in QIB, and 10.39 times in the NII category by May 19, 2017.

Investor CategorySubscription (times)
Qualified Institutions8.38
Non-Institutional Buyers10.39
Retail Investors6.47
Employees[.]
Others[.]
Total8.58

PSP Projects IPO Subscription Details (times)

DateQIBNIIRetailTotal
Day 1
May 17, 2017
0.000.150.380.11
Day 2
May 18, 2017
0.040.161.100.27
Day 3
May 19, 2017
8.3810.396.478.58

PSP Projects IPO Shares Offered

PSP Projects IPO is a public issue of 5,544,000 equity shares. The issue offers 1,008,000 shares to retail investors, 3,024,000 shares to qualified institutional buyers, and 1,512,000 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)
QIB3,024,00063.5054.55%
NII1,512,00031.7527.27%
Retail1,008,00021.1718.18%
Total5,544,000116.42100%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.

    NII category has two subcategories:

    1. sNII (bids below Rs 10L)

      The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).

    2. bNII (bids above Rs 10L)

      The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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PSP Projects IPO Subscription FAQs

The PSP Projects IPO is subscribed 8.58 by May 19, 2017.

PSP Projects IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional8.38
Non Institutional10.39
Retail Individual6.47
Employee Reservations[.]
Others[.]
Total Subscription8.58

Retail category of PSP Projects IPO subscribed 6.47 times as of date May 19, 2017. The public issue closes on May 19, 2017 for bidding.

An investor can apply in PSP Projects IPO online via bank (using ASBA) or the broker (using UPI). The PSP Projects IPO shares are offered online only.

The PSP Projects IPO is subscribed 8.58 by May 19, 2017.

The PSP Projects IPO allotment status is expected on or around May 24, 2017. Visit PSP Projects IPO allotment status to check.

The PSP Projects IPO listing date is Monday, May 29, 2017. The equity share of PSP Projects Ltd will list on BSE, NSE.

Visit PSP Projects IPO subscription status page for real-time bidding information about PSP Projects IPO.

PSP Projects IPO Timetable

IPO Opens OnMay 17, 2017
IPO Closes OnMay 19, 2017
Finalisation of Basis of AllotmentMay 24, 2017
Initiation of RefundsMay 26, 2017
Credit of Shares to Demat AccountMay 26, 2017
IPO Listing DateMay 29, 2017