PSP Projects, an Ahmedabad-based construction company is coming out with an initial public offering (IPO) of 10,080,000 equity shares of face value of Rs 10 each in a price band Rs 205-210 per equity share. The issue will open on May 17, 2017 and will close on May 19, 2017. The shares will be listed on the BSE and NSE.
The company will use the issue proceeds for funding working capital and capital expenditure requirements and for other general corporate purposes. The book running lead manager to the issue are Karvy Investor Services and Motilal Oswal Investment Advisors.
PSP Projects is a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects in India.
