PSP Projects Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

17 May 2017

Close Date

19 May 2017

Allotment

24 May 2017

Listing Date

29 May 2017

Exchange

NSE & BSE

Price Band

₹210

Listing Price

See chart

Allotment Status

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Price Band

₹210

Per share

Face Value

₹10 per share

Lot Size

70 Shares

per lot

Issue Size

1,00,80,000 shares (aggregating up to ₹211.68 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹14,700

1 lot

Pre-IPO Holding

2,88,00,000 shares

Promoters

Post-IPO Holding

3,60,00,000 shares

Promoters

UPI Deadline

2017-05-19

Mandate

Anchor AllotmentTue, 16 May 2017

Basis of AllotmentWed, 24 May 2017

Refund InitiationFri, 26 May 2017

Demat CreditFri, 26 May 2017

Listing DayMon, 29 May 2017

UPI Mandate Deadline2017-05-19

Sale TypeFresh Capital-cum-Offer for Sale

Fresh Issue Shares72,00,000 shares (aggregating up to ₹151.20 Cr)

Offer for Sale28,80,000 shares of ₹10 (aggregating up to ₹60.48 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

PSP Projects Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 19 May 2017.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	10,080,000	100%	₹211.68

IPO Shares Offered

PSP Projects Ltd. IPO total issue size: ₹211.68 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	10,080,000	₹211.68	100.00%

* Based on upper price band ₹210 per share

Lot Size & Investment

Lot Size

Shares per Lot

Issue Price

₹210.00

Upper Band

Min Investment

₹14,700

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	140	₹29,400
Retail (Max — 13 Lots)	13	910	₹191,100
S-HNI (Min — 14 Lots)	14	980	₹205,800
B-HNI (Min — 69 Lots)	69	4,830	₹1,014,300

* Issue Price ₹210 × Lot Size 70 shares

IPO Schedule

Anchor

16 May 2017

✓ Done

IPO Open

17 May 2017

✓ Done

IPO Close

19 May 2017

✓ Done

Allotment

24 May 2017

✓ Done

Refunds

26 May 2017

✓ Done

Demat Credit

26 May 2017

✓ Done

Listing Day

29 May 2017

✓ Done

₹210.00

INR · BSE

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Issue ₹210.00 Live Price

About PSP Projects Ltd.

Incorporated in 2008, PSP Projects Ltd is an India based construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects.The company constructs industrial buildings for pharmaceutical plants, food processing units, engineering units and manufacturing and processing facilities; and buildings for hospitals and healthcare services, educational institutes, malls, hospitality services, and corporate offices. They also undertakes government projects and government residential projects; and constructs buildings for group housing and townships, as well as independent residences for select private customers, as well as manufactures ready mix concrete.They have successfully executed a number of prestigious projects across Gujarat. One of the first major projects that they completed was the construction of the GCS Medical College, Hospital and Research Centre (managed by the Gujarat Cancer Society) in June 2012.

Objects of the Issue

1 Funding working capital requirements of the Company

2 Funding capital expenditure requirements of the Company

3 General corporate purposes

PSP Projects Ltd. Financials (Amount in Crore)

Revenue from Operations

₹287.0

31-Mar-15

₹467.7

31-Mar-16

₹249.4

31-Dec-16

Profit After Tax (PAT)

₹14.1

31-Mar-15

₹24.9

31-Mar-16

₹21.5

31-Dec-16

Particulars	31-Dec-16	31-Mar-16	31-Mar-15
Revenue from Operations	249.42	467.71	286.97
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	21.48	24.93	14.05
Net Worth	N/A	N/A	N/A
Total Assets	274.15	228.71	186.38
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered1,00,80,000 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter Holding2,88,00,000 shares

Post-Issue Promoter Holding3,60,00,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000

pspprojects.ipo@karvy.com

https://ipostatus.kfintech.com/

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Book Running Lead Managers

Karvy Investor Services Ltd.

Motilal Oswal Investment Advisors Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much PSP Projects Ltd. IPO subscribed? ▲

PSP Projects Ltd. IPO is subscribed 1.00 times by May 19, 2017. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is PSP Projects Ltd. IPO retail subscription status? ▼

The PSP Projects Ltd. IPO retail category is subscribed 1.00 times as of 19 May 2017. The retail portion is oversubscribed.

How to subscribe PSP Projects Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 17 May 2017 and closes 19 May 2017. Min investment: ₹14,700 (1 lot = 70 shares). UPI mandate: 2017-05-19.

How many times PSP Projects Ltd. IPO subscribed? ▼

The PSP Projects Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check PSP Projects Ltd. IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 24 May 2017. Refunds: on 26 May 2017.

When PSP Projects Ltd. IPO will be listed? ▼

The PSP Projects Ltd. IPO listing date is 29 May 2017, Monday. Listed on: NSE & BSE. Issue price: ₹210. Estimated listing: ₹210. GMP: NIL.

When PSP Projects Ltd. IPO close? ▼

The PSP Projects Ltd. IPO closes on 19 May 2017, Friday. UPI mandate: 2017-05-19. Allotment: 24 May 2017. Listing: 29 May 2017.

Quick Actions

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Live Price LIVE

Last Price₹210.00

Change—

Issue Price₹210.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹210

Face Value₹10

Lot Size70 Sh

Min. Amount₹14,700

GMPNIL

Est. Listing₹210

Subscribed1.00x

Open Date17 May 2017

Close Date19 May 2017

Allotment24 May 2017

Listing Date29 May 2017

ExchangeNSE & BSE

UPI Deadline2017-05-19