Vishnu Prakash R Punglia IPO Details: Vishnu Prakash R Punglia IPO date is fixed, the IPO is to hit the market on August 24 and will close on August 28. Vishnu Prakash R Punglia IPO to raise around ₹309 crores via IPO that comprises fresh issue of 31,200,000 shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Established in 1986, Vishnu Prakash R Punglia Limited operates as an integrated engineering, procurement, and construction (EPC) enterprise. It specializes in the planning and development of essential infrastructure ventures for both Central and State Governments, as well as autonomous and private entities. Its operational footprint spans across 9 States and 1 Union territory within India.
The company’s operational framework is organized into four primary segments:
- Water Supply Projects (WSP)
- Railway Projects
- Road Projects
- Irrigation Network Projects
VPRPL holds prestigious accreditations as a contractor from various esteemed departments and agencies. Notable among these are the Jodhpur Development Authority, Jodhpur (Class AA), Rajasthan; the Public Health Engineering Department, Rajasthan (Class AA); the Water Resources Department, Rajasthan (Class AA); the Roads and Building Department, Gujarat (Class AA); the South Western Command, Military Engineering Services (MES), Jaipur (Class ‘S’), Rajasthan; the Public Works Department, Chhattisgarh (Class A); the Public Works Department, Rajasthan (Class AA); and the Public Works Department, Madhya Pradesh, Bhopal (Civil works). These credentials enable us to engage in projects commissioned by diverse departments and agencies.
Over the past three Financial Years, our business has witnessed remarkable growth, significantly bolstering our financial stability. Our operational revenue surged from ₹4,857.31 million in FY 2020-21 to ₹11,684.04 million in FY 2022-23, achieving an impressive Compounded Annual Growth Rate (“CAGR”) of 55.10%. Meanwhile, our annual profits escalated from ₹189.82 million in FY 2020-21 to ₹906.43 million in FY 2022-23, reflecting a remarkable CAGR of 118.52%.
Objectives of the Issue
- Funding capital expenditure requirements for the purchase of equipment/machinery.
- Funding the working capital requirements of the company.
- General corporate purposes.
Vishnu Prakash R Punglia IPO Date & Price Band Details
|IPO Open:||August 24, 2023|
|IPO Close:||August 28, 2023|
|IPO Size:||Approx ₹309 Crores|
|Fresh Issue:||Approx 31,200,000 shares|
|Face Value:||₹10 Per Equity Share|
|IPO Price Band:||₹94 to ₹99 Per Share|
|IPO Listing on:||BSE & NSE|
|Discount:||₹9 Per Share|
|DRHP Draft Prospectus:||Click Here|
|RHP Draft Prospectus:||Click Here|
|Anchor Investors List:||Click Here|
Vishnu Prakash R Punglia IPO Market Lot
The Vishnu Prakash R Punglia IPO minimum market lot is 150 shares with ₹14,850 application amount. The retail investors can apply up-to 13 lots with 1950 shares or ₹193,050 amount.
Vishnu Prakash R Punglia IPO Allotment & Listing Dates
The Vishnu Prakash R Punglia IPO date is August 24 and the close date is August 28. The Vishnu Prakash R Punglia IPO allotment will be finalized on August 31 and the IPO listing on September 5.
|Price Band Announcement:||August 19, 2023|
|Anchor Investors Allotment:||August 23, 2023|
|IPO Open Date:||August 24, 2023|
|IPO Close Date:||August 28, 2023|
|Basis of Allotment:||August 31, 2023|
|Refunds:||September 1, 2023|
|Credit to Demat Account:||September 4, 2023|
|IPO Listing Date:||September 5, 2023|
Vishnu Prakash R Punglia Company Financial
Vishnu Prakash R Punglia IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Vishnu Prakash R Punglia IPO Lead Managers aka Merchant Bankers
- Choice Capital Advisors Pvt Ltd
- Pantomath Capital Advisors Pvt Ltd
Vishnu Prakash R Punglia Limited
Unit No. 3, 5th Floor, B-wing, Trade Star Premises
Co-operative Society Limited, Mathuradas Vasanji R
oad, Andheri (East), Mumbai – 400059
Phone: +91 8058053700
Vishnu Prakash R Punglia IPO Current GMP
To check the current/latest GMP price of the IPO, please check this IPO GMP page.
Vishnu Prakash R Punglia IPO FAQs
Vishnu Prakash R Punglia IPO is a main-board IPO. They are going to raise ₹309 Crores via IPO. The issue is priced at ₹94 to ₹99 pr equity share. The IPO is to be listed on BSE & NSE.
The IPO will open on 24th August 2023.
You may apply for the IPO for listing gain as the company’s financial is good.
You can apply for Vishnu Prakash R Punglia IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
The current GMP for IPO is Rs. 50 (47%) of the investment amount.
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