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Company Background

Company Background

PSP Projects Limited; a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects in India. It provides services across the construction value chain, ranging from planning and design to construction and post-construction activities to private and public sector enterprises. Historically, it has focused on projects in the Gujarat region. It has completed and continued to undertake construction projects in this region. More recently, it has geographically diversified its portfolio of services and is undertaking or has bid for projects pan India.

The Company's execution capabilities have grown significantly with time, both in terms of the size of projects that it bids for and execute, and the number of projects that it executes simultaneously. Since the Company's incorporation in August 2008, it has executed 80 projects as of March 31, 2017.
Issue Highlights
Issue opens Wednesday 17, 2017
Issue closes Friday, May 19, 2017
Offer Size 10,080,000 Equity Shares
Fresh Issue 7,200,000 Equity Shares
Offer for Sale 2,880,000 Equity Shares
Price Band Rs.205 to Rs.210
Bid Lot 70 Equity Shares and in Multiples thereafter
Face Value Rs.10/-
Listing NSE and BSE
Payment Compulsorily ASBA Mode
Registrar Karvy Computershare Private Limited
BRLM Karvy / Motilal

Issue Break up

Issue Size Issue Size Allocation Issue Size (Rs. in Crs)
Lower Band Upper Band
QIB 75.00% 154.98 158.76
NIB 15.00% 30.99 31.75
Retail 10.00% 20.66 21.16
Total 100% 206.64 211.68
Object of the Issue
The Issue comprises of a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.

The Offer for Sale
The Company will not receive any proceeds from the Offer for Sale.

The Fresh Issue
The Net Proceeds from the Fresh Issue will be utilised towards the following objects:
  • Funding working capital requirements of the Company;
  • Funding capital expenditure requirements of the Company; and
  • General corporate purposes
Retail Payment Chart
Retail Payment Chart - PSP PROJECTS LIMITED
No. of Shares Cut off price per share Rs.210 Total Amount (Rs.)
70 210 14,700
140 210 29,400
210 210 44,100
280 210 58,800
350 210 73,500
420 210 88,200
490 210 102,900
560 210 117,600
630 210 132,300
700 210 147,000
770 210 161,700
840 210 176,400
910 210 191,100
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SEBI/ Regulatory Registration Nos.: BSE:INB/INF 010607233 NSE:INB/INF/INE 230607239. Merchant Banking: INM000010973 DP Reg: IN-DP-CDSL-28-99 DP ID - CDSL 12013200
© Copyright 2009. Asit C.Mehta Investment Interrmediates Ltd. (ISO 9001:2008 Certified Company)