The initial public offering of construction firm PSP Projects was oversubscribed 1.30 times till late morning trade on the last day of the issue today.
The issue was subscribed 27 per cent till yesterday.
PSP Projects on Tuesday raised a little over Rs 95 crore from anchor investors.
It has fixed a price band of Rs 205-210 per share.
Proceeds from the fresh issue will be utilised towards funding working capital requirements and for general corporate purposes.
The issue is being managed by Karvy Investor Services and Motilal Oswal Investment Advisors.
PSP Projects is a multi-disciplinary construction company offering a diversified range of construction and allied services across industrial, institutional and residential projects in India.
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