PSP Projects IPO

PSP Projects IPO

PSP Projects IPO

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 Dates17 - 19 May 2017
Price BandINR205-210 per share
Fresh issue7,200,000 shares (INR151.2 crore at upper band)
Offer For Sale2,880,000 shares (INR60.5 crore at upper band)
Total IPO size10,080,000 shares (INR211.7 crore at upper band)
Minimum bid (lot size)70 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE

 

PSP Projects'  standalone financial performance (in INR crore)

FY2012FY2013FY2014FY2015FY20169M FY2017
Total revenue180.7260.9214.8286.9467.7249.4
Total expenses168.3242.7199.4265.7429.1217.6
Profit after tax8.312.210.014.024.921.4

PSP Projects Contact Details

PSP Projects Ltd
PSP House, opposite Celesta Courtyard, opposite lane of Vikram Nagar Colony
Ahmedabad - 380 054

Phone: +91 79 2693 6200
Fax: +91 79 2693 6500
Email: [email protected]
Website: www.pspprojects.com

Registrar OF PSP Projects IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
+91 40 2343 1551 
Email:
 [email protected]
Website: www.karvycomputershare.com

PSP Projects IPO Allotment Status

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.

VALUATION OF PSP Projects IPO (BASED ON LATEST FY)

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

CategoryShares offeredSubscription (No. of times, at 5 PM) 
Day 1Day 2Day 3
QIB3,024,000 0.00 0.048.37
NII1,512,000 0.150.1510.38
Retail1,008,000 0.381.105.99
Total5,544,000 0.110.268.49

LISTING PERFORMANCE OF PSP Projects IPO

IPO Opening Date: 17 May 2017

IPO Closing Date: 19 May 2017

Finalisation of Basis of Allotment: 24 May 2017

Initiation of refunds: 26 May 2017

Transfer of shares to demat accounts: 26 May 2017

Listing Date: 29 May 2017

Listing Price on NSE: INR190 per share (down 9.5% from IPO price)

Closing Price on NSE: INR199.5 per share (down 5% from IPO price)

5 COMMENTS

  1. Has any Stock Broking Firm Recommended for applying this issue. Its A Real Estate IPO .I Think better to avoid ,wait for cdsl ipo

  2. 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

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