Is there an investment opportunity in PSP Projects shares?
Is this the right time to invest in the shares of PSP Projects, a company that does construction work for the government and corporate India? How much benefit will there be from investing in this stock? What targets are experts giving regarding this stock? Watch this video to know-
The initial public offer by Macrotech Developers got fully subscribed on the last day of the bidding process on Friday. The Rs 2,500 crore public offer has received bids for 4.28 crore shares at around 3.20 pm (IST) against 3.64 crore shares offered by the company, indicating an oversubscription by 1.18 times.
The quota reserved for retail investors subscribed 34% so far, while the category for employees was subscribed 15%. Non-institutional investors and QIB category subscribed 1.09 times and 2.26 times, respectively.
Earlier, realty major Macrotech Developers Ltd, erstwhile Lodha Developers, on Tuesday raised Rs 740 crore from anchor investors.
Axis Capital, J P Morgan India Private Limited, Kotak Mahindra Capital Company Limited and Edelweiss Financial Services are the global co-ordinators and book running lead managers to the offer.
This is the third attempt by Lodha Developers to launch a public issue and list its shares on the stock exchanges. In 2009 and 2018, the company had filed IPO documents and also got Sebi approval but did not hit the capital market as market conditions were not conducive.