What is the price band of the PSP Projects IPO?

The price band is ₹205–210 per share, and the final issue price is ₹210.

What is the lot size of the PSP Projects IPO?

One lot is 70 shares, so the minimum retail bid is ₹14,700 at the upper end of the price band.

When is the PSP Projects IPO listing date?

The shares listed on 29 May 2017.

How many times was the PSP Projects IPO subscribed?

It was subscribed 8.58x overall: QIB 8.38x, NII 10.4x and retail 6.47x (NSE and BSE together).

PSP Projects IPO

PSP Projects Limited (PSPPROJECT) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 29 May 2017.

Listed 29 May Subscribed 8.58x Listing gain -9.5%

Issue details

Price band

₹205–210

Issue price

₹210

Lot size

70 shares

Min. retail bid

₹14,700

Max. retail bid

13 lots (₹1,91,100)

Issue size

₹212 Cr

Face value

₹10

Bidding

17 May – 19 May 2017

Listing

29 May 2017

Retail quota

10% (75% QIB issue)

Registrar

Karvy Computershare Private Limited

Listing day

Listed at

₹190

-9.5% vs issue price ₹210

Day's high

₹200

-5.0% · low ₹190 (-9.5%)

Day's close

₹200

-5.0% · traded ₹8.1 Cr

Subscription status

Category	Shares offered	Shares bid for	Subscribed
QIB (institutions)	30,24,000	2,53,29,710	8.38x
NII (HNI) total	15,12,000	1,57,06,180	10.4x
Retail	10,08,000	65,20,500	6.47x
Total	55,44,000	4,75,56,390	8.58x

Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 12% of all shares bid for were at the cut-off price.

Past IPOs with similar demand

Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to PSP Projects's, and how they listed.

IPO	QIB	NII	Retail	Total	Size	Listing gain	Day high
HPL Electric and PowerSep 2016	5.77x	22.2x	3.31x	8.06x	₹417 Cr	-5.9%	-2.0%
Larsen & Toubro InfotechJul 2016	19.9x	10.8x	7.39x	11.7x	₹1,242 Cr	-6.1%	0.0%
Laurus LabsDec 2016	10.5x	3.58x	1.67x	4.57x	₹1,334 Cr	+14.5%	+16.4%
S.P. ApparelsAug 2016	2.21x	5.10x	1.90x	2.66x	₹254 Cr	+2.6%	+7.7%
Sheela FoamDec 2016	14.5x	3.35x	0.44x	5.09x	₹548 Cr	+17.8%	+41.4%
Dilip BuildconAug 2016	9.76x	79.6x	2.35x	20.9x	₹672 Cr	+9.6%	+16.4%

Lead managers and their listing record

Book running lead manager	Mainboard IPOs since 2019	Avg listing gain	Listed at a premium
Karvy Investor Services	—	—	—
Motilal Oswal Investment Advisory	47	+15.0%	72%

Offer documents (NSE)

Red Herring Prospectus (zip) Basis of issue price (zip) Anchor allocation (zip)

Frequently asked

What is the PSP Projects IPO price band and lot size? ₹205–210 per share, with a lot of 70 shares, so the smallest retail bid is ₹14,700.

How many times has it been subscribed? 8.58x overall: QIB 8.38x, NII 10.4x, retail 6.47x.

How did it list? It opened at ₹190, -9.5% against the issue price of ₹210, and closed its first day -5.0%.

Other IPOs of 2017

Astron Paper & Board Mills Future Supply Chain Solutions Shalby HDFC Standard Life Insurance Company Khadim India The New India Assurance Company Mahindra Logistics Reliance Nippon Life Asset Management All 2017 IPOs →

Important: The AI listing estimates on Flash Finance are statistical estimates drawn from how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell, and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring Prospectus and consult a SEBI-registered adviser before you invest.