PSP Projects IPO GMP History
PSP Projects IPO has been listed on May 29, 2017 at a listing price of ₹190, against the issue price of ₹210 — a loss of ₹20 (-9.52%). The GMP peaked at ₹9 on 25 May 2017 and reached a low of ₹7.5 on 26 May 2017. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
PSP Projects IPO raised ₹211.68 Cr. through its IPO at a price band of ₹205 to ₹210 per share, with a lot size of 70 shares. The IPO was open for subscription from 17 May 2017 to 19 May 2017.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 12 Nov, 3:11 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 26 May 2017 | ₹ 7.5 | ▼ | 4% | — | — |
| 25 May 2017 | ₹ 9 | — | 4% | — | — |
| 24 May 2017 | ₹ 9 | — | 4% | — | — |
| 23 May 2017 | ₹ 9 | — | 4% | — | — |
PSP Projects IPO dates
Key dates from opening to listing. Today is 12 November.
- Open 17 May 2017
- Close 19 May 2017
- Allotment 24 May 2017
- Refund/credit 26 May 2017
- Listing 29 May 2017
PSP Projects IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹210 |
|---|---|
| GMP-based estimate (pre-listing) | ₹217 (+3.3%) |
| Listing gain / loss | −₹20 per share |
| Listing date | 29 May, 2017 |
| Actual listing price | ₹190 (-9.52%) |
Is PSP Projects IPO GMP reliable?
Grey market premium for PSP Projects IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the PSP Projects IPO full review for a fundamentals-based assessment before making any grey market trades.
PSP Projects IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for PSP Projects IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About PSP Projects IPO
PSP Projects Limited is an Indian construction company. Its promoters are Prahaladbhai Shivrambhai Patel and Shilpaben Patel.
It offers construction and allied services across industrial, institutional, government, government residential and residential projects.
It builds industrial buildings for pharma plants, food processing units, engineering units and factories, as well as hospitals and other institutional buildings.
The IPO was Rs 211.68 crore, with Rs 151.20 crore of fresh issue and Rs 60.48 crore of offer for sale, at Rs 210, the top of the Rs 205 to Rs 210 band. The fresh money was for working capital, capital equipment and general purposes.
Frequently asked
What is the GMP of PSP Projects IPO?
The current Grey Market Premium (GMP) of PSP Projects IPO is ₹ 7.5.
What is the Kostak Price of PSP Projects IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for PSP Projects IPO is not available.
What is the Subject to Sauda Price of PSP Projects IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of PSP Projects IPO?
PSP Projects IPO listed on May 29, 2017 at ₹190, against the issue price of ₹210 — a loss of -9.52%.
How did the GMP of PSP Projects IPO trend before listing?
The GMP of PSP Projects IPO was falling in its final days before listing. The GMP peaked at ₹9 on 25 May 2017. View the day-wise table above for the complete GMP history.
Explore PSP Projects IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
