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 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

 

PSP Projects'  standalone financial performance (in INR crore)

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

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 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) 
Day 1 Day 2 Day 3
QIB 3,024,000  0.00  0.04 8.37
NII 1,512,000  0.15 0.15 10.38
Retail 1,008,000  0.38 1.10 5.99
Total 5,544,000  0.11 0.26 8.49

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)

PSP Projects IPO
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5 thoughts on “PSP Projects IPO

  • May 26, 2017 at 10:45 AM
    Permalink

    grey market is silent in PSP, don’t know why. It will be flat and may also list at a discount…

    Reply
  • May 16, 2017 at 8:00 PM
    Permalink

    FUNDAMENTAL AND PRICEING IS NOT MACHING

    Reply
  • May 12, 2017 at 5:26 PM
    Permalink

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

    Reply
  • May 11, 2017 at 5:53 PM
    Permalink

    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

    Reply

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