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May 09, 2017 04:02 PM IST | Source: CNBC-TV18

To use part of IPO proceeds towards working capital and capex: PSP Projects

Ahmedabad-based construction company PSP Projects planning to raise around Rs 200 crore through their initial public offering (IPO).

Ahmedabad-based construction company PSP Projects planning to raise around Rs 200 crore through their initial public offering (IPO).

Watch accompanying video wherein CNBC-TV18's Kevin Lee is in conversation with PS Patel, CMD & CEO and Hetal Patel, CFO of PSP Projects. Hetal Patel said Rs 63 crore of IPO proceeds to be used for working capital, Rs 52 crore for capex and rest for general purpose.

As of March 31, 2017 out of the total order book 30 percent came from out of Gujarat and 70 percent withing Gujarat, She said.

 
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