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PSP Projects makes poor debut; lists at 9.5% discount to issue price on NSE

The stock listed at Rs 190, a 9.5% discount against its issue price of Rs 210 per share.

SI Reporter  |  Mumbai 

PSP Projects, a construction firm, made a tepid debut at Rs 190 on the National Stock Exchange (NSE), a 9.5% discount against its issue price of Rs 210 per share. On the BSE, the stock opened at Rs 199, 5% below its issue price. The counter hit a lower circuit of Rs 189 on BSE and Rs 190 on the NSE, post its listing. At 10:05 am, it was trading at Rs 192 on NSE and BSE.  A combined 379,989 shares changed hands on the counter so far. The construction firm PSP Projects had raised Rs 212 crore through initial public offering (IPO), which was oversubscribed 8.58 ...

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First Published: Mon, May 29 2017. 10:07 IST
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