Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
24 October, 2018 06:51 IST
PSP Projects's IPO to open on May 17
Source: IRIS | 09 May, 2017, 02.02PM
Comments  |  Post Comment

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.

Comments Post comment 
 Post Comment
Name Email
Security Code type    into this box
Related Articles
Zydus receives USFDA's final approval for Clobazam tablets - 23-Oct-2018 15:01
Ahluwalia Contracts wins new orders of worth Rs 5.38 bn - 23-Oct-2018 11:58
PNB Housing Finance raises Rs 17.75 bn through commercial papers - 23-Oct-2018 10:22
White Organic Agro bags additional orders from Innovative Cuisine - 23-Oct-2018 10:16
Himachal Futuristic Communications secures order worth Rs 3.66 bn - 23-Oct-2018 10:07
Lupin gets nod for generic Triamcinolone Acetonide ointment - 23-Oct-2018 10:00
ITD Cementation India bags orders worth Rs 10.66 bn - 23-Oct-2018 09:35
Biocon, Mylan announce positive CHMP Opinion for Ogivri - 22-Oct-2018 10:28
Lupin announces positive CHMP opinion for NaMuscla - 22-Oct-2018 09:51
Tejas Networks bags Rs 1.11 bn order from Sterlite Technologies - 22-Oct-2018 09:45
Alembic Pharma' JV completes USFDA inspection of Karakhadi unit - 22-Oct-2018 09:41
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer