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2017-05-17 12:00 AM2017-05-19 12:00 AMAsia/KolkataPSP Projects Ltd IPOPSP Projects Ltd India
PSP Projects Limited is a multidisciplinary construction company offering a diversified range of construction and related services across various sectors. The company has executed many prestigious projects across Gujarat and has plans to bid for projects pan India.
Date of establishment: PSP Projects was established in 2008.
Product & Service Offering: PSP Projects constructs industrial buildings for customers in multiple sectors. The company provides services across the construction value chain, ranging from planning to construction and post construction activities.
Promoters of PSP Projects Ltd.: The promoters of the firm are Mr. Prahaladbhai Shivrambhai Patel and Ms. Shilpaben Patel.
Customer segment: The company offers its services to public and private sector enterprises belonging to sectors such as food processing, healthcare and education.
Objects of the Issue:
The objects of the issue are:
- Working capital requirements - Capital expenditure requirements - General corporate purposes
Following are the benefits in buying and selling an IPOs through a discount broker.
Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors.
Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker
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