PSP Projects surges on launching qualified institutional placement
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PSP Projects is currently trading at Rs. 712.95, up by 21.70 points or 3.14% from its previous closing of Rs. 691.25 on the BSE.
The scrip opened at Rs. 696.15 and has touched a high and low of Rs. 715.10 and Rs. 696.15 respectively. So far 20316 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 846.00 on 23-Aug-2023 and a 52 week low of Rs. 598.00 on 20-Mar-2024.
Last one week high and low of the scrip stood at Rs. 716.00 and Rs. 660.50 respectively. The current market cap of the company is Rs. 2559.60 crore.
The promoters holding in the company stood at 66.22%, while Institutions and Non-Institutions held 6.84% and 26.94% respectively.
PSP Projects has launched a qualified institutional placement (QIP) with a floor price of Rs 682.59 per share. The company’s Fund Raising Committee authorised the opening of the issue on April 22, 2024. The Fund Raising Committee of the Company, in its meeting held on April 22, 2024, has inter alia considered and approved the same.
PSP Projects, the Ahmedabad-based firm is a multi-disciplinary construction firm and provides its services ranging from planning and design to construction and post-construction activities.
