IPO Synopsis
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PSP Projects Ltd
Registered Office:
PSP House Opposite Celesta,Courtyard Iscon-Ambli Road,
Ahmedabad - 380054,
Gujarat, India.
Public issue of up to 10,080,000 equity shares of face value of (Rs) 10 each (The "Equity Shares") of PSP Projects Limited ("The Company" or The "Issuer") for cash at a price of (Rs) 210 per equity share (including a share premium of (Rs) 200 per equity share) aggregating up to (Rs) 211.68 crores comprising a fresh issue of up to 7,200,000 equity shares aggregating up to (Rs) 151.2 crores (The "Fresh Issue") and an offer for sale of up to 1,584,000 equity shares by Prahaladbhai Shivrambhai Patel, up to 576,000 equity shares by Shilpaben Patel, up to 288,000 equity shares by Pooja Patel and up to 432,000 equity shares by Sagar Patel (together referred to as the "selling shareholders") aggregating up to (Rs) 60.48 crores (the "offer for sale" and together with the fresh issue, the "issue"). The issue will constitute [*]% of the company's post-issue paid-up equity share capital. The issue price (Rs)210 per equity share of face value of (Rs)10 each. The issue price is 21 times of the face value
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
17-May-17
19-May-17
210.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 70   Further Multiples of : 70
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
0.00
Karvy Investor Services Ltd
Project Financed through Current Offer
211.68
 
Post Issue Equity Share Capital
0.00
 
Issue Price
210.00
 
Projects
Funding working capital requirements
Funding capital expenditure requirements
General corporate purposes
Promoted By
Prahaladbhai Shivrambhai Patel
Shilpaben Patel
Listing At
BSE
NSE
Registrar to the Issue
Karvy Computershare Pvt Ltd
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