Business Standard

PSP Projects Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

211.68 cr

Price Range (₹)

210

Lot Size

70

Min Investment (₹)

14,700.00

Listing Exchange

MumbaiNSE

Open Date

17-May-2017

Close Date

19-May-2017

Listing Date

29-May-2017

PSP Projects Ltd News

    The Shares of PSP Projects Ltd have now been listed.

    PSP Projects Ltd IPO Details

    Public issue of up to 10,080,000 equity shares of face value of Rs. 10 each (The Equity Shares) of PSP Projects Limited (The Company or The Issuer) for cash at a price of Rs. 210 per equity share (including a share premium of Rs. 200 per equity share) aggregating up to Rs. 211.68 crores comprising a fresh issue of up to 7,200,000 equity shares aggregating up to Rs. 151.2 crores (The Fresh Issue) and an offer for sale of up to 1,584,000 equity shares by Prahaladbhai Shivrambhai Patel, up to 576,000 equity shares by Shilpaben Patel, up to 288,000 equity shares by Pooja Patel and up to 432,000 equity shares by Sagar Patel (together referred to as the selling shareholders) aggregating up to Rs. 60.48 crores (the offer for sale and together with the fresh issue, the issue). The issue will constitute [*]% of the company's post-issue paid-up equity share capital.The issue price Rs.210 per equity share of face value of Rs.10 each.The issue price is 21 times of the face value

    Objective of issue

    Funding working capital requirements. Funding capital expenditure requirements. General corporate purposes.

    PSP Projects Ltd Contact Details

    PSP Projects Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - grievance@pspprojects.com

    Website - www.pspprojects.com