IPO price band fixed at Rs 205-210 per share
The initial public offer (IPO) of PSP Projects opens for subscription on 17 May 2017. The price band for the IPO has been fixed at Rs 205-210 per share. The issue size works out to Rs 206.64-211.68 crore. The issue closes on 19 May 2017.
The IPO comprises of fresh issue of up to 72 lakh shares and an offer for sale (OFS) of shares by the selling shareholders.
The proceeds from the issue would be utilized towards funding working capital requirements, capital expenditure requirements and towards general corporate purposes.
PSP Projects is a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects in India.
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