PSP Projects Ltd IPO Review – Date, Allottment And Grey Market Premium

PSP Projects Ltd IPO Review

When I am writing this post the investors are just taking rest after deciding whether OR not to invest in the HUDCO IPO. While the HUDCO fever fades down the market will get ready for its new initial public offering. Lets check the PSP Projects Ltd IPO review and find out whether we have good chance of making money in it OR not?

Issue Details:
Issue Date: May 17, 2017 – May 19, 2017
Price Range: Rs. 205 – Rs. 210 per equity share
Minimum Application: 70 equity shares and in multiples thereof
Minimum Application Amount: Rs. 14700
Issue Size: Rs. 211.68 crores at upper price band
Listing Exchange: NSE and BSE
Trading Start Date: May 31, 2017 (tentative)

Issue Objective:
1) For working capital requirements.
2) General corporate purposes.

Company Details:
The propomer of the company is Shri Prahaladbhai Shivarambhai Patel and Shri Shilpaben Patel who also refer them as “Selling Share Holders” as through this IPO they are selling their stake. There are two other selling share holders eg. Pooja Patel and Sagar Patel.

Lets check the selling share holders advantage in this IPO.
PSP Projects Ltd IPOtly they have got projects in Karnataka, Rajasthan and Andhra Pradesh.

Company Financials:
PSP Projects Ltd
han 250 crores) the share will be listed in T group OR trade-to-trade settlement group. The settlements will be under surveillance. Also the selling promoters investment is close to a single paisa making them super profitable in comparison to the IPO investor. Hence, I recommend either an “AVOID” OR a “”RISKY BUY” for this issue. You can also check the GMP in our Grey Market Premium page.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.