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PSP Projects IPO
PSP Projects is a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects in India. It provides services across the construction value chain, ranging from planning and design to construction and post-construction activities to private and public sector enterprises. Historically, the company has focused on projects in the Gujarat region. It has completed and continues to undertake construction projects in this region. More recently, PSP Projects has geographically diversified portfolio of services and is undertaking projects pan India.
Its execution capabilities have grown significantly with time, both in terms of the size of projects that it bids for and executes, and the number of projects that it executes simultaneously. Since its incorporation in August 2008, PSP Projects has executed 80 projects as of March 31, 2017.
Promoters of PSP Projects: Prahaladbhai Shivrambhai Patel and Shilpaben Patel
| PSP Projects IPO details | |
| Subscription Dates | 17 – 19 May 2017 |
| Price Band | INR205-210 per share |
| Fresh issue | 7,200,000 shares (INR151.2 crore at upper band) |
| Offer For Sale | 2,880,000 shares (INR60.5 crore at upper band) |
| Total IPO size | 10,080,000 shares (INR211.7 crore at upper band) |
| Minimum bid (lot size) | 70 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
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PSP Projects’  standalone financial performance (in INR crore) |
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| FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | 9M FY2017 | |
| Total revenue | 180.7 | 260.9 | 214.8 | 286.9 | 467.7 | 249.4 |
| Total expenses | 168.3 | 242.7 | 199.4 | 265.7 | 429.1 | 217.6 |
| Profit after tax | 8.3 | 12.2 | 10.0 | 14.0 | 24.9 | 21.4 |
PSP Projects Ltd
PSP House, opposite Celesta Courtyard, opposite lane of Vikram Nagar Colony
Ahmedabad – 380 054
Phone:Â +91 79 2693 6200
Fax:Â +91 79 2693 6500
Email: [email protected]
Website:Â www.pspprojects.com
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222Â
Fax: +91 40 2343 1551Â
Email:Â [email protected]
Website: www.karvycomputershare.com
PSP Projects IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status. You can also check allotment status using application number on this link.
Earnings Per Share (EPS): INR7.86
Price/Earnings (P/E) ratio: 26.1 – 26.7
Return on Net Worth (RONW): 35.48%
Net Asset Value (NAV): INR22.15 per share
PSP Projects IPO Subscription Details
| Category | Shares offered | Subscription (No. of times, at 5 PM)Â | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 3,024,000 | Â 0.00 | Â 0.04 | 8.37 |
| NII | 1,512,000 | Â 0.15 | 0.15 | 10.38 |
| Retail | 1,008,000 | Â 0.38 | 1.10 | 5.99 |
| Total | 5,544,000 | Â 0.11 | 0.26 | 8.49 |
IPO Opening Date: 17Â May 2017
IPO Closing Date:Â 19 May 2017
Finalisation of Basis of Allotment: 24 May 2017
Initiation of refunds: 26 May 2017
Transfer of shares to demat accounts: 26Â May 2017
Listing Date: 29 May 2017
Listing Price on NSE:Â INR190 per share (down 9.5% from IPO price)
Closing Price on NSE: INR199.5 per share (down 5% from IPO price)
Who is the Lead Manager for this issue, Mentioning will be helpful.
Also if there is a separate dropdown of Lead Manager VS IPO performance it will be of immense value
Has any Stock Broking Firm Recommended for applying this issue. Its A Real Estate IPO .I Think better to avoid ,wait for cdsl ipo
FLOP IPO
FUNDAMENTAL AND PRICEING IS NOT MACHING
grey market is silent in PSP, don’t know why. It will be flat and may also list at a discount…