PSP Projects debuted at Rs 199.00 on the BSE, down by 11 points or 5.24% from its issue price of Rs 210.
The scrip is currently trading at Rs 208.95, down by 1.05 points or 0.50% from its issue price. It has touched a high and low of Rs 208.95 and Rs 189.05 respectively. So far 1,68,000 shares were traded on the counter.
The offering, which was open for subscription between May 17, and May 19, was subscribed 8.58 times. The issue price was fixed at Rs 210 per share i.e. at upper end of price band of Rs 205.00- 210.00 apiece.
PSP Projects is an India based Construction Company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and 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.
