PSP Projects Limited IPO
PSP Projects Limited was a mainboard IPO in the Civil Construction sector, offered at ₹205–₹210 per share to raise ₹212 crore. The issue was subscribed 8.58× overall (QIBs 8.38×, NIIs 10.39×, retail 6.47×). It listed on 29 May 2017 at ₹190 and closed its first day at ₹200, a listing loss of -5.0% versus the ₹210 issue price. It now trades around ₹692 (+229.3% versus the issue price).
Frequently asked questions
- How many times was the PSP Projects Limited IPO subscribed?
- The PSP Projects Limited IPO was subscribed 8.58× overall — 8.38× in the QIB category, 10.39× among non-institutional investors, 6.47× in retail.
- What were the PSP Projects Limited IPO listing gains?
- PSP Projects Limited listed on 29 May 2017 at ₹190, closing its first day at ₹200 — a listing loss of -5.0% versus the ₹210 issue price.
- What were the retail allotment odds for the PSP Projects Limited IPO?
- Retail was subscribed 6.47×, so a single-lot application had roughly a 15.5% chance of allotment (about 1 in 6), and allotment was finalised on 23 May 2017.
- What was the price band and lot size of the PSP Projects Limited IPO?
- The price band was ₹205–₹210 per share, with a minimum lot of 70 shares (₹14,700 at the upper band).
- Who were the registrar and lead manager for the PSP Projects Limited IPO?
- Karvy Computershare Private Limited was the registrar, and Karvy Investor Services was the book-running lead manager.