PSP Projects Ltd IPO Opens on May 17, 2017

[Chittorgarh]

PSP Projects Ltd IPO is set to open on May 17, 2017.

PSP Projects Ltd is Ahmedabad Gujrat based construction company offering wide range of construction and its related projects.

Incorporated in 2008, PSP Project is well known in and around Ahmedabad for the key projects it has executed in recent years. Company executed over 70 projects so far. Company’s flagship projects include GCS Medical College, Hospital and Research Centre and Zydus Hospital t Ahmedabad. Company has also done various works in relation to the Sabarmati Riverfront Development project at Ahmedabad.

Here is the brief detail about PSP Projects IPO

• Issue Size: Rs 211.68 Cr
• Issue price: Rs 205 to Rs 210
• Face Value: Rs 10

Shares of PSP Projects Ltd are proposed to list at BSE and NSE.

Stay tuned for latest updates, reviews, grey market premium and much more about this IPO in this thread.

Thank you,
Team Chittorgarh.com

PSP Projects Ltd IPO

 

[Chittorgarh]

PSP Projects Ltd IPO subscribed 0.11 times on day 1. The retail quota of the IPO subscribed 0.38 times.

Public issue of PSP Projects Ltd closes on May 19, 2017.

Capital Market (CM) rated the issue at 35/100 with a conclusion

The scrip at current valuation offers very little for investors

Note that Gujarat state accounted for 100% of total contract income for FY 16.

Dilip Davda’s review of IPO at Chittorgarh.com concluded:

Being an issue below Rs. 250 crore, its listing will be in T group that will eliminate the speculative aspect for initial period. On pricing front, issue is fully priced and hence risk savvy cash surplus investors may consider investment in this issue.

Interestingly none other major brokerage houses reviewed this IPO.

Team Chittorgarh.com

 

[Chittorgarh]

PSP Projects IPO finally subscribed 8.55 in Total.

The detailed subscription is:

Qualified Institutional Buyers (QIBs): 8.38
Non Institutional Investors: 10.39
Retail Individual Investors (RIIs): 6.47

The IPO received better than expected response.

The grey market of the PSP Projects IPO is still holding up at around Rs 10.

The PSP Projects IPO shares are expected to list at BSE and NSE on May 29, 2017.

Thank you,
Team Chittorgarh.com
PSP Projects IPO

 

[baburam81]

Applying for the min or max, which has a better chance of IPO allotment ?