May 29, 2017 / 4:54 AM / 3 months ago

BUZZ-India's PSP Projects falls on debut after $33 mln IPO

** PSP Projects Ltd shares down 5 pct in debut

** Shares open at 190 rupees, a nearly 10 pct fall from the issue price of 210 rupees per share

** Construction company's 2.12 billion rupees ($32.84 million) IPO was subscribed 8.58 times, according to stock exchange data. bit.ly/2qqi8tb

** "Management's lack of experience in diverse geographies and lack of visibility of future order book may become a cause of concern for growth strategy," analysts at Angel Broking wrote in a note ($1 = 64.5500 Indian rupees)

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