The PSP Projects IPO date has been confirmed to have started on May 17, 2017 and ended on May 19, 2017. Read the post to learn about PSP Projects Ltd IPO GMP.
PSP Projects is looking to generate Rs 211.68 crore via an IPO. This situation involves both the issuance of a fresh issue of 0.72 crore shares and the sale offer of 0.29 crore shares. The per-share price range for PSP Projects IPO is from ₹205 to ₹210.
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Bidding Dates
May 17-May 19
Price Range
₹205 to ₹210 per share
Face Value
₹10 per share
GMP
₹757.45
PSP Projects IPO GMP
The PSP Projects Limited IPO GMP Today is ₹757.45.
IPO Overview
PSP Projects is conducting an IPO utilizing a book-built mechanism, with a target fundraising of Rs 211.68 crore. The offering is made up of 0.72 crore shares as a fresh issue and 0.29 crore shares available offer for sale. The IPO bidding window for PSP Projects started on May 17, 2017, and ended on May 19, 2017. Allocation for the PSP Projects IPO was finalized on May 24, 2017. The BSE and NSE included the shares in their listings on May 29, 2017. The pricing span for PSP projects’ IPO is ₹205 to ₹210 per share. PSP Projects Limited IPO GMP Today is ₹757.45. Retail investors are obliged to invest a minimum of ₹14,700, equivalent to purchasing at least 70 shares as specified by the application.
Gujarat has seen the fruition of several noteworthy projects, among which the GCS Medical College, Hospital, and Research Centre stands out, completed by them in June 2012, and administered by the Gujarat Cancer Society.
PSP Project 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 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 |
PSP Projects Company Financials
| Particulars | For the year or 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 |
PSP Projects IPO Timeline
| 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 |
Company Profile
Founded in 2008, PSP Projects Ltd. is an Indian construction firm known for its diverse portfolio of construction and allied services, targeted at industrial, institutional, governmental, and residential projects. Industrial complexes tailored for pharmaceutical plants, food processing units, engineering facilities, and manufacturing establishments are skillfully erected by the corporation. Furthermore, it undertakes the construction of buildings for hospitals, educational institutions, malls, hospitality services, and corporate offices. They also
work on government projects and government residential projects, create buildings for group housing and townships, and develop independent dwellings for chosen private customers. They also make ready-mix concrete.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | PSP Projects Ltd |
| Phone number | +91 79 26936200/300/400 |
| Email ID | [email protected] |
| Website | www.pspprojects.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
PSP Projects IPO FAQs
When PSP Projects IPO will open?
The PSP Projects IPO opens on May 17, 2017 and closes on May 19, 2017.
What is the lot size of PSP Projects IPO?
PSP Projects IPO lot size is 70 Shares, and the minimum amount required is ₹14,700.
When is PSP Projects IPO listing date?
The PSP Projects IPO listing date is on May 29, 2017.
