PSP Projects Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 7,560,000 (75%) | — | ₹15,876 Cr |
| NII (HNI) | — | 1,512,000 (15%) | — | ₹3,175 Cr |
| Retail | — | 1,008,000 (10%) | — | ₹2,117 Cr |
| Σ Total | — | 10,080,000 (100%) | — | ₹211,680 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹14,700 |
| Retail (Max) | 13 | 910 | ₹191,100 |
| S-HNI (Min) | 14 | 980 | ₹205,800 |
| B-HNI (Min) | 67 | 4,690 | ₹984,900 |
Financial Statements Amount in Crore
| Metric | 31-Dec-16 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue | 249 | 468 | 287 |
| Profit After Tax | 21 | 25 | 14 |
| Total Assets | 274 | 229 | 186 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Funding working capital requirements of the Company – 63.00
- 2 Funding capital expenditure requirements of the Company – 52.00
- 3 General corporate purposes – 26.95
Company Overview
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.