PSP Projects Ltd Book Built Issue (PSP Projects IPO) Detail
Incorporated in 2008, PSP Projects Ltd is an India based construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential projects.
The company constructs industrial buildings for pharmaceutical plants,food processing units, engineering units and manufacturing and processing facilities and buildings for hospitals and healthcare services, educational institutes, malls, hospitality services, and corporate offices. They also undertakes government projects and government residential projects and government residential projects;and constructs buildings for group housing and townships, as well as independent residences for select private customers, as well as manufactures ready mix concert.
They have successfully executed a number of prestigious projects across Gujarat. One of the first major projects that they completed was the construction of the GCS Medical College, Hopspital and Research Center( Managed by the Gujarat Cancer Society) in June 2012.
The Promoters of the company are:
- Mr. Prahaladbhai Shivrambhai Patel :Prahaladbhai Shivrambhai Patel, aged 53 years, is the Chairman and Managing Director and CEO of the Company. He holds a Bachelor’s degree in civil engineering. Prior to incorporation of the Company, he had been carrying on the business of civil construction by way of a proprietorship firm. He has over 30 years of experience in the business of construction and has played a significant role in the development of the business. He has also been featured in the book titled “Business Game Changer: Shoonya se Shikhar” authored by Prakash Biyani and Kamlesh Maheshwari for completing government’s infrastructure project before the scheduled time for which he also received appreciation of Prime Minister, Mr. Narendra Modi. He has also been awarded by the Gujarat Innovation Society with the Dena Bank Hercules Award on “An innovative and quality makes them fastest growing Construction and Infrastructure Company”.
- Driving License Number : GJ0119860018823
- Voter Identification Number : ZCU2513455
- Mrs. Shilpaben Patel :Shilpaben Patel, aged 50 years, is the whole-time Director of the Company. She holds a bachelor’s degree in commerce from Gujarat University. She has experience in administration. She has been a Director of the Company since incorporation. She participates in the corporate social activities of the Company and is the chairman of the CSR committee.
- Voter Identification Number : ZCU2513471
Objects Of The Issue:
The objects of the issue are to:
- Funding working capital requirements of the company
- Funding capital expenditure requirements of the company. And
- General corporate purpose
- Issue Open: May 17,2017 to May 19,2017
- Issue Type: Book Built Issue IPO
- Issue Size: 10,080,000 equity shares of Rs 10 aggregating up tp Rs 211.68 Cr
Fresh Issue of 7,200,000 eqity shares of Rs 10 aggregating up to Rs[.] Cr
Offer for sale of 2,880,000 equity shares of Rs 10 aggregating up to Rs[.] Cr
- Face Value: Rs 10 per equity share
- Issue Price: Rs 205-Rs 210 per Equity share
- Market Lot: 70 share
- Minimum Order Quantity: 70 Shares
- Listing at: BSE, NSE
PSP Projects Ltd
PSP House, opposite Celesta Courtyard,
opposite lane of Vikram Nagar Colony,
Iscon-Ambli Road, Ahmedabad – 380 054
Phone: +91 79 26936200/300/400
Fax: +91 79 26936500