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PSP Projects's IPO to open on May 17
Source: IRIS | 09 May, 2017, 02.02PM
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Ahmedabad-based PSP Projects, a multidisciplinary construction company in India will be launching its initial public offering (IPO or the Issue) which is scheduled to open on May 17, 2017 and close on May 19, 2017, with a price band of Rs. 205-Rs. 210 per Equity Share of face value of Rs. 10 each of the company (the Equity Shares).

The Anchor Investor Bid/Issue Period shall be May 16, 2017, being one working day prior to the Issue opening date.

The company proposes to utilize the net proceeds of the Fresh Issue for funding working capital requirements of the company, funding capital expenditure requirements of the company and general corporate purposes. The company will not receive any proceeds from the Offer for Sale.

Karvy Investor Services and Motilal Oswal Investment Advisors are the Book Running Lead Managers (BRLMs) to the Issue. The Registrar to the Issue is Karvy Computershare Private.

The Equity Shares of PSP Projects are proposed to be listed on the National Stock Exchange of India and BSE.

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