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PSP Projects Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹210
Per Share
GMP
NIL
Grey Market
Est. Listing
₹210
Expected Price
Min. Application
₹29,400
2 lots × 70 shares
IPO Issue Details
Issue Price / Price Band₹210 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size70 Shares per Lot
Total Issue Size1,00,80,000 shares (aggregating up to ₹211.68 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 17 May 2017
Subscription CloseFri, 19 May 2017
Anchor AllotmentTue, 16 May 2017
Basis of AllotmentWed, 24 May 2017
Initiation of RefundsFri, 26 May 2017
Credit of Shares to DematFri, 26 May 2017
Listing DateMon, 29 May 2017
UPI Mandate Deadline2017-05-19
Application & Investment Details
Retail — Min (1 Lots)₹14,700 — 70 shares
Retail — Max (13 Lots)₹191,100 (13 Lots)
HNI — Min (14 Lots)₹2,05,800 — 980 shares
Pre-IPO Promoter Holding2,88,00,000 shares
Post-IPO Promoter Holding3,60,00,000 shares
Fresh Issue Shares72,00,000 shares (aggregating up to ₹151.20 Cr)
Offer for Sale Shares28,80,000 shares of ₹10 (aggregating up to ₹60.48 Cr)
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.

Objects of the Issue

PSP Projects Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
1 Funding working capital requirements of the Company
63.00
2
2 Funding capital expenditure requirements of the Company
52.00
3
3 General corporate purposes
26.95
Shareholding & Lock-in
Pre-IPO Promoter Holding 2,88,00,000 shares
Post-IPO Promoter Holding 3,60,00,000 shares
Lock-in Period (30%)June 23, 2017
Lock-in Period (50%)August 22, 2017
Check AllotmentCheck Status →
PSP Projects Ltd. — Live Price LIVE
₹210.00
INR · BSE
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Issue ₹210.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹210
GMPNIL
Est. Listing₹210
Lot Size70 shares
Min Amount₹29,400
Listing Date29 May 2017
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹210
Listing Date29 May 2017
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 10,080,000 100.00% ₹211.68 Cr
* Based on ₹210.00 (upper price band)
Lot Size & Investment Details
Lot Size
70
Shares
Issue Price
₹210.00
Per Share
Min Investment
₹14,700
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 70 ₹14,700
Retail (Max) 13 910 ₹191,100
sNII (Min) 14 980 ₹205,800
bNII (Min) 69 4,830 ₹1,014,300
Company Financials — Restated Consolidated (Amount in Crore)
Particulars31-Dec-1631-Mar-1631-Mar-15
Revenue from Operations 249.42 467.71 286.97
EBITDA N/A N/A N/A
Profit After Tax (PAT) 21.48 24.93 14.05
Net Worth N/A N/A N/A
Total Assets 274.15 228.71 186.38
Reserves & Surplus N/A N/A N/A
Total Borrowings N/A N/A N/A
Key Ratios & Valuation
Issue Price ₹210
Face Value ₹10 Per Share
P/BV N/A
RoE N/A
RoCE N/A
RoNW N/A
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity N/A
Company Details
Company
PSP Projects Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
PSP House, opposite Celesta Courtyard, opposite lane of Vikram Nagar Colony, Iscon-Ambli Road, Ahmedabad - 380 054 Ahmedabad, Gujarat
Book Running Lead Managers
Karvy Investor Services Ltd.
Book Running Lead Manager (BRLM)
Motilal Oswal Investment Advisors Ltd.
Book Running Lead Manager (BRLM)