PSP Projects Ltd launches IPO

Dear Business Associates,

We would like to inform you about the upcoming IPO on the 17th of this month. The construction company, PSP Projects limited has decided to raise 211.68 crores through the IPO.

About Company

PSP Prjects Limited was incorporated on August 26, 2008 at Ahmedabad, Gujarat, India. The firm is offering a varied range of construction and associated services across industrial, institutional, government, government residential and residential projects in India. The company provides services mainly in the construction domain which included end to end execution including planning, design to construction, and post construction activities to both public and private sector organizations. The company was working primarily on projects in the Gujarat region. Now the firm has expanded its portfolio of services and is undertaking projects across India.

Outlook of the Firm:-

The IPO is scheduled for 17th – 19th May, 2017 with a price band of Rs. 205-210. The lot size of applying the IPO is for 70 equity shares. One can apply via ASBA to avail the benefit of listing this IPO. The issue size is 10,080,000 Equity Shares of Rs 10 aggregating up to Rs 211.68 Cr. 

It’s strong past performance of fruitfully executing construction projects

  1. Noticeable growth through healthy order book and increasing pre-qualification identifications
  2. Well qualified management and skilled promoter
  3. The firm has strong business performance and financial strength
  4. Long-lasting customer relationships;
Issue Open 17-May-2017
Issue Close 19-May-2017
Issue Type Book Build issue Ipo
Issue Size(Shares) 10,080,000
Issue Size(in Value) Rs. 211.68  Crore
Face Value Rs. 10 per Equity Share
Issue Price Rs. 205 – Rs. 210 per Equity Share
Market Lots 70 Shares
Minimum Order Quantity 70 Shares
Listing At BSE, NSE


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