PSP Projects IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 17/05 - 19/05
Issue Size ₹211.68 Cr
Issue Price ₹205-210
Market Lot 70 Shares
Shares on Offer 2,880,000
Registrar
GMP N/A
Kostak N/A
Subject to Sauda N/A
Listing Date 29/05
Listing Price ₹195
Listing Gain% -7.14

About PSP Projects Ltd IPO

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. They provide our services across the construction value chain, ranging from planning and design to construction and post-construction activities to private and public sector enterprises. Historically, they have focused on projects in the Gujarat region. We have completed and continue to undertake construction projects in this region. More recently, they have geographically diversified our portfolio of services and are undertaking or have bid for projects pan India.

Over the years, they have successfully executed a number of prestigious projects across Gujarat. One of the first major projects that we completed was the construction of the GCS Medical College, Hospital and Research Centre (managed by the Gujarat Cancer Society) in June 2012. Subsequently, they have successfully executed a number of prestigious projects, including, inter alia, the construction and interior works of Swarnim Sankul 01 and 02 at Gandhinagar, the construction of the Zydus Hospital at Ahmedabad, and various works in relation to the Sabarmati Riverfront Development project at Ahmedabad. Further, they have completed or are currently undertaking projects for a number of reputed customers, including, inter alia, Cadila Healthcare Limited, Care Institute of Medical Sciences Limited (CIMS), Claris Injectables Limited, Emcure Pharmaceuticals Limited, Gelco Electronics Private Limited, GCS Medical College, Hospital and Research Centre (managed by the Gujarat Cancer Society), the Government of Gujarat (through the Executive Engineer, Capital Project Division), Inductotherm (India) Private Limited, Intas Pharmaceutical Limited, Kaira District Co-operative Milk Producers’ Union Limited (Amul Dairy), KHS Machinery Private Limited, Nirma Limited, Sabarmati River Front Development Corporation Limited, Torrent Pharmaceuticals Limited and WTC Noida Development Company Private Limited.

Their execution capabilities have grown significantly with time, both in terms of the size of projects that they bid for and execute, and the number of projects that they execute simultaneously. Since their incorporation in August 2008, they have executed over 71 projects as of November 30, 2016. Their Chairman and Managing Director and CEO, namely Prahaladbhai Shivrambhai Patel, who is also our Promoter, has been associated with the construction business for over 30 years and has been instrumental in the growth of our Company.

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.

Company Financials

Particulars 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets (In ₹ Millions) 2,287.13 1,863.78 1,362.71 1,009.60 918.53
Total Revenue (In ₹ Millions) 4,677.14 2,869.67 2,147.97 2,609.69 1,807.53
Profit After Tax (PAT) (In ₹ Millions) 249.31 140.54 100.70 122.50 83.52

PSP Projects Ltd IPO IPO Reviews

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  • We don't recommend subscription of PSP Projects IPO.

Subscription Details

Date & Time QIB NII RII Total
Day 1 - May 17,2017 0.00 0.15 0.38 0.11
Day 2 - May 18,2017 0.04 0.16 1.10 0.27
Day 3 - May 19,2017 8.38 10.39 6.47 8.58

Allotment Status

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IPO Allotment Status

PSP Projects Ltd IPO IPO FAQs

  1. When will PSP Projects Ltd IPO IPO open?

    PSP Projects Ltd IPO IPO will open on 17/05 and close on 19/05.

  2. What is the listing date of PSP Projects Ltd IPO IPO?

    PSP Projects Ltd IPO IPO will list on 29/05.

  3. What is the offer price of PSP Projects Ltd IPO IPO?

    The offer price of PSP Projects Ltd IPO IPO is ₹205-210.

  4. What is the lot size of PSP Projects Ltd IPO IPO?

    The lot size of PSP Projects Ltd IPO IPO is 70.

  5. What is the Grey Market Premium (GMP) price of PSP Projects Ltd IPO IPO?

    The Grey Market Premium (GMP) price of PSP Projects Ltd IPO IPO is Not Available at the moment.

  6. What is the Kostak price of PSP Projects Ltd IPO IPO?

    The Kostak price of PSP Projects Ltd IPO IPO is Not Available at the moment.

  7. What is the Subject to Sauda price for PSP Projects Ltd IPO IPO?

    The Subject to Sauda price for PSP Projects Ltd IPO IPO is Not Available at the moment.

PSP Projects Ltd IPO IPO Review/Comments

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