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