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Jainam Wealth recommend 'Subscribe' on the PSP Projects IPO -
Jainam Wealth recommend 'Subscribe' on the PSP Projects IPO
Jainam Research | Published: 16 May, 2017  | Source :

We at Jainam Wealth recommend our investors to “SUBSCRIBE” to the PSP Projects Ltd IPO considering strong track record for successful execution of projects, strong order book of Rs.729 crore, robust financial such as ROE(%) is 34.21% in FY16; Interest cover is 10x in FY16. Company available at P/E of 27x on FY16 EPS and 9x P/BV on upper price band.

Price Band Rs.205 - 210. Issue open on 17th May and close to 19th May. Market Lot 70 Shares.

About Jainam Research

Jainam Research was incorporated in 2003 with the vision to be the most preferred organization providing all financial services across the country. The foundation is on "Value" Systems - "Value" addition to Corporate, Retails and HNI Individuals through superior Wealth Creation Practices.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.