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Embarking on its debut in the Indian stock market, the Vishnu Prakash R Punglia IPO promises an intriguing investment opportunity. This anticipated Initial Public Offering unveils a significant chance for investors to participate in the growth journey of Vishnu Prakash R Punglia Limited, a prominent player in infrastructure projects.

The IPO boasts a total issue size of Rs 308.88 Crores and is set to be offered in the price range of Rs 94 to Rs 99 per share.

As the subscription window opens from August 24 to 28, 2023, potential investors are presented with a compelling entry point to tap into the company’s promising prospects.

Face Value Rs 10
Price Band Rs 94 to Rs 99
Listing At BSE, NSE
Min. Order Quantity 150 Shares
Listing Date 5 September 2023
Offer for Sale Rs NA Crore
Fresh Issue Rs NA Crore
IPO Size Rs 308.88 Crore
Tick Size 1


Vishnu Prakash R Punglia IPO Overview

Vishnu Prakash R Punglia IPOVishnu Prakash R Punglia IPO is set to make its debut on the Indian stock market as a Book Built Issue. The Initial Public Offering boasts a total issue size of Rs 308.88 Crores, indicating a substantial opportunity for investors.

The IPO price range for Vishnu Prakash R Punglia shares is fixed at a per-share range of Rs 94 to Rs 99. This price range offers potential investors the chance to partake in the growth prospects of the company at a competitive entry point.

The IPO subscription window for Vishnu Prakash R Punglia IPO is scheduled to open on August 24, 2023, and will remain accessible until August 28, 2023. The listing date for the IPO remains to be disclosed.

The nominal or face value of each share offered through the IPO is Rs 10. The overall issue size of the IPO accounts for 31,200,000 shares, translating to a cumulative value of Rs 308.88 Crores.

More Details on Vishnu Prakash R Punglia IPO

This issue size encompasses a fresh issue of an equal number of shares, raising capital for the company’s intended initiatives.

For the benefit of the company’s employees, a special employee discount of Rs 9 per share is being extended, making the IPO not only an attractive proposition for the investing public but also for the company’s workforce.

The Vishnu Prakash R Punglia IPO is classified as a Book Built Issue IPO, indicating that the IPO price is subject to change based on investor demand. The listing of shares will take place on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), ensuring widespread accessibility and liquidity for investors.

Before the Vishnu Prakash R Punglia IPO, the company’s shareholding stood at 93,444,000 shares. Following the issue, the post-issue shareholding will increase to 124,644,000 shares, signifying the infusion of fresh equity capital and potentially altering the ownership landscape of the company.

Vishnu Prakash R Punglia IPO Important Dates

Events Date
IPO Opening Date 24 August 2023
IPO Closing Date 28 August 2023
Basis of Allotment Finalization 31 August 2023
Refunds Initiation 1 September 2023
Credit of Shares to Demat Account 4 September 2023
Share Listing Date 5 September 2023

The Vishnu Prakash R Punglia IPO dates mark its journey into the market. The IPO schedules to open its doors for subscription on August 24, 2023, and will conclude on August 28, 2023.

During this period, investors can express their interest in owning a part of the company. The IPO process continues with the Basis of Allotment on August 31, 2023.

This step involves the allocation of shares to applicants. Following this, the initiation of refunds is set for September 1, 2023, ensuring a smooth process for investors who do not receive share allotments.

The credit of shares to demat accounts will occur on September 4, 2023, granting successful applicants ownership of the shares they were allocated. The anticipated listing date for the Vishnu Prakash R Punglia IPO on the stock exchanges is September 5, 2023, marking the moment when shares become publicly tradable.

To streamline the process, the cut-off time for UPI mandate confirmation is set at 5 PM on August 28, 2023. This timing ensures that investors’ UPI mandates are confirmed in time for a seamless subscription experience.

Vishnu Prakash R Punglia IPO Price, Size, Share Offerings

Face Value Rs.10
Price Band Rs 94 to Rs 99
Offer for Sale Rs NA Crore
Fresh Issue Rs NA Crore
IPO Size Rs 308.88 Crore

The IPO details have generated significant interest among investors, offering insights into the price, size, and share offerings.

With a face value of Rs 10 per share and a Vishnu Prakash R Punglia IPO price range of Rs 94 to Rs 99 per share, the IPO presents an opportunity for investors to acquire shares at varying prices within this range during the subscription period.

The IPO includes a total of 31,200,000 shares, all part of a fresh issue, aiming to raise funds for the company’s expansion endeavours and future growth prospects.

The Vishnu Prakash R Punglia IPO also comes with specific lot sizes for different investor categories. Retail investors can apply for a minimum of 1 lot (150 shares) with an investment of Rs 14,850, while other categories such as S-HNI and B-HNI have their respective lot size ranges.

The shareholding structure will witness a change, increasing Vishnu Prakash R Punglia IPO size from 93,444,000 shares before the issue to 124,644,000 shares post-issue.

The IPO is anticipated to be listed on both the BSE and NSE, drawing attention from market participants who are eager to gauge its subscription response and subsequent performance on the stock exchanges.

Vishnu Prakash R Punglia IPO Grey Market Premium

Date GMP (Rs.) Kostak Rate (Rs.) Subject to Sauda (Rs.)
Not Disclosed

The Vishnu Prakash R Punglia IPO GMP has been attracting attention in recent times. As of the latest update on August 22nd the GMP is reported to be Rs 99. This indicates a premium of Rs 99 over the expected IPO price range of Rs 94 to Rs 99 per share.

The GMP is calculated by assessing the demand and supply dynamics in the unofficial grey market, where investors trade shares of an IPO before they are officially listed on stock exchanges.

The strong GMP of Rs 99 signifies a robust investor interest and positive sentiment towards the Vishnu Prakash R Punglia IPO.

This premium of 44.44% over the IPO price range could be indicative of the high demand for the shares, which might lead to a successful subscription during the IPO period. Investors and market participants are closely observing the GMP as an additional parameter to gauge market sentiment and potential listing performance for the Vishnu Prakash R Punglia IPO.

Vishnu Prakash R Punglia IPO Subscription Status

Day / Date QIB NII RII Total Subscription
1st Day – 24th Aug 0.05x 6.29x 4.96x 3.81x
2nd Day – 25th Aug 0.35x 19.44x 13.00x 10.70x
3rd Day – 28th Aug 0.88x 45.35x 20.45x 20.04x
Shares Offered or Net Issue 6,180,000 4,635,000 10,815,000 31,200,000

There is Vishnu Prakash R Punglia IPO Subscription status information available as of the current date, as the IPO has gone online for a subscription. The subscription status will reveal information on investor interest and participation in the IPO.

It will include information on the number of shares subscribed to by various investor groups, such as retail investors, high-net-worth individuals (HNI), and institutional investors. The subscription status is an important indicator of market sentiment and the IPO’s potential success.

Vishnu Prakash R Punglia IPO Allotment Status

As of the current update, the Vishnu Prakash R Punglia IPO Allotment status is not yet available. The process of allocating shares to investors typically takes approximately 6 working days from the closing date of the IPO issue.

Investors and applicants are advised to stay patient during this period as the allotment process is being finalized. The allotment status will provide crucial information regarding the number of shares allotted to each investor who participated in the IPO, including retail investors, high-net-worth individuals (HNI), and institutional investors.

To stay informed about the Vishnu Prakash R Punglia IPO allotment status, it is recommended to regularly check the official website of the IPO lead manager or other reliable financial news sources.

Vishnu Prakash R Punglia IPO Live Performance

The Vishnu Prakash R Punglia IPO is an eagerly anticipated event in the financial market, drawing significant attention from investors and market participants. However, as of now, the IPO is not yet live, and therefore, there is no Vishnu Prakash R Punglia IPO live performance data available to assess its market performance.

The IPO’s live performance data, including its opening price, trading volume, and movement, will become available once the IPO officially launches and lists on the stock exchanges.

Investors are keenly observing the IPO’s performance, as it will provide insights into the level of market demand and investor sentiment towards the company’s shares.

The IPO’s performance data will also be a valuable indicator of how the company is perceived by the investing community. To track the live performance of the Vishnu Prakash R Punglia IPO, investors can refer to real-time stock market data, financial news platforms, and the official websites of the stock exchanges where the IPO is listed.

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    Latest Vishnu Prakash R Punglia IPO News

    There are no particular Vishnu Prakash R Punglia IPO news updates available as of the most recent update. The lack of recent IPO news means that there have been no noteworthy changes, announcements, or updates on the offering, subscription status, allotment, or listing.

    It’s vital to remember that IPO news may have a significant impact on investor emotions and decisions. While there may be no news at this time, it encourages to keep an eye on credible financial news sources, formal business statements, and updates from the IPO’s lead managers.

    As the IPO moves through its many stages, such as subscription, allocation, and listing, significant news and updates are likely to surface, offering essential information.

    Vishnu Prakash R Punglia – Company Review

    Vishnu Prakash R Punglia Limited, established in 1986, is a prominent player in the field of designing and constructing infrastructure projects. The company has been a crucial contributor to the development of various infrastructure projects for both Central and State Governments, as well as autonomous and private bodies.

    With an operational presence spanning 9 States and 1 Union territory in India, the company’s dedication to quality, innovation, and timely project execution has earned it a strong reputation in the industry.

    Vishnu Prakash R Punglia Limited boasts accreditations from various governmental departments and agencies, signifying its expertise and reliability in executing infrastructure projects.

    Some of the esteemed accreditations include recognition from the Jodhpur Development Authority, the Public Health Engineering Department of Rajasthan, the Water Resources Department of Rajasthan, the Roads and Building Department of Gujarat, and the Military Engineering Services (MES), among others.

    In recent times, the company has extended its business ventures into new domains, showcasing its adaptability and forward-looking approach. VPRP has embraced the tunnel construction sector, which aligns with the government’s emphasis on infrastructure development. The company’s involvement in tunnel projects for hydropower, railways, metro rail, roads, and highways positions it to capitalize on growth prospects in this sector.

    Moreover, Vishnu Prakash R Punglia IPO Ltd has entered the warehousing industry. They also focusing on storage solutions for food grains and perishable materials. Its success in executing independent warehouse projects demonstrates its capacity to deliver efficient storage facilities.

    Additionally, the company’s commitment to sustainability is evident in its ventures into sustainable sewerage projects. These projects aim to create environmentally-friendly sewerage solutions that are cost-effective and require minimal maintenance.

    Furthermore, VPRP provides comprehensive wastewater management solutions, contributing to sustainable water resource utilization.

    Products or Services

    Vishnu Prakash R Punglia Limited operates across several business segments, each contributing to the company’s diversified portfolio:

    • Water Supply Projects (WSP): The company specializes in creating advanced water supply solutions, catering to the vital needs of communities. It undertakes projects that ensure the availability of clean and safe drinking water to residents.
    • Railway Projects: As part of its commitment to infrastructure development, VPRP engages in railway projects that enhance connectivity and mobility across the nation’s extensive railway network.
    • Road Projects: The company plays a pivotal role in road construction projects. It is contributing to the improvement of transportation infrastructure and ensuring smoother connectivity.
    • Irrigation Network Projects: VPRP’s involvement in irrigation network projects facilitates efficient water distribution for agricultural purposes, thereby boosting agricultural productivity.

    Promoters and Holding

    Vishnu Prakash R Punglia Ltd’s strength lies in its promoters, holding 51.00% of the Equity Share capital. The Promoter Group owns an additional 39.45%. The team comprises:

    • Vishnu Prakash Punglia (67): Whole-time Director and Chairman.
    • Manohar Lal Punglia (50): Managing Director.
    • Sanjay Kumar Punglia (43): Whole-time Director and CEO.
    • Kamal Kishor Pungalia (45): Whole-time Director.
    • Ajay Pungalia (38): Whole-time Director.

    Their leadership shapes the company’s growth. Regulatory requirements meet for disclosing their personal information, further ensuring transparency. This robust promoter base reflects the commitment and strategic direction for Vishnu Prakash R Punglia Ltd’s advancement.

    Is Vishnu Prakash R Punglia good for Investment?

    Against the backdrop of the Indian economy’s resilience to external shocks, Vishnu Prakash R Punglia Ltd stands as a significant player in infrastructure.

    Despite a pandemic-induced 6.6% contraction in FY21, the economy rebounded with a 20.1% y-o-y growth in Q1FY22 due to a favorable base effect. The subsequent easing of restrictions led to an 8.4% annual growth in Q2FY22 GDP. But a dip of 5.4% in Q3FY22 and 4.1% in Q4FY22 due to COVID-19 waves and global supply issues.

    Vishnu Prakash R Punglia Ltd’s industry-diverse operations align with national goals. The infrastructure sector, a vital driver of the Indian economy, receives Government attention through policies like the National Infrastructure Pipeline.

    The company’s contributions find resonance in the Indian context, as the government pushes. This is for efficient water supply and waste-water management amid challenges like water scarcity and contamination.

    While COVID-19 impacted operations, initiatives such as the Jal Shakti Abhiyan highlight the sector’s crucial role. With a spotlight on growth sectors like water supply, sanitation, and infrastructure, the company’s strategic position mirrors the country’s quest for sustainable development.

    Vishnu Prakash R Punglia Financial Statements

    Amount (in INR & Million)
    31-Mar-23 Mar-22 31-Mar-21
    Assets 8,254.83 4,978.12 3,310.45
    Revenue 11,714.64 7,873.87 4,876.73
    Expense 10,490.25 7,270.06 4,619.95
    Profit After Tax 906.43 448.47 189.82

    Vishnu Prakash R Punglia Ltd’s financial performance, as shown in restated statements, demonstrates consistent growth and prudent management. Non-current assets have risen to Rs 1,523.92M in 2023 from Rs 630.14M in 2021. It drives investments in equipment and financial assets. Current assets, notably inventories, surged to Rs 3,125.50M from Rs 1,053.38M, reflecting strong liquidity.

    Equity saw significant growth, more than doubling to Rs 3,145.07M in 2023. Liabilities, while higher, remain manageable, with non-current and current liabilities showing steady growth.

    The profit and loss statement showcases impressive revenue growth, with total income reaching Rs 11,714.64M in 2023. Despite increased expenses, the company achieved a profit before tax of Rs 1,224.39M in 2023, indicating efficient cost management.

    Earnings per share surged from INR 2.25 in 2021 to INR 10.41 in 2023, highlighting improved profitability. Comprehensive income figures underscore prudent financial management and dedication to enhancing shareholder value.

    In summary, Vishnu Prakash R Punglia Ltd’s financial performance underscores sustained growth, robust liquidity, and prudent expense management. Strategic investments and financial practices have created shareholder value and positioned the company well in the market.

    Earnings per Equity Share (in Million)
    31-Mar-23 Mar-22 31-Mar-21
    Basic & Diluted 10.41 5.31 2.25

    Vishnu Prakash R Punglia IPO Review

    The upcoming IPO of Vishnu Prakash R Punglia Ltd offers investors a chance to enter a company with robust financials. The restated statements highlight substantial asset growth and prudent financial management.

    Revenue growth, efficient cost control, and a healthy profit before tax demonstrate the company’s strategic strength. Earnings per share have surged from INR 2.25 to INR 10.41, indicating enhanced profitability.

    With its proven growth trajectory and solid financial health, the Vishnu Prakash R Punglia IPO presents an enticing investment opportunity for those seeking potential value and returns.

    Vishnu Prakash R Punglia IPO Details

    Here are few more details you need to know before investing in Vishnu Prakash R Punglia IPO –

    Vishnu Prakash R Punglia IPO Issue Object

    So, Vishnu Prakash R Punglia has proposed diverse objectives for making the IPO offer and some of the objectives are:

    • Funding capital expenditure requirements for the purchase of equipment/machinery
    • Funding the working capital requirements of our Company; and
    • General corporate purposes.

    Vishnu Prakash R Punglia IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • We are a focused player in Water Supply Projects (WSPs)
    • Our revenue from operations has grown at a CAGR of 55.10% from FY 2020-21 to FY 2022-23
    • Over the period, we have established a client base of various departments of the Central and State Governments.
    • We have developed a track record of successful completion of our projects
    • We undertake our construction business in an integrated manner
    • Our Promoters have over thirty-six (36) years of experience in the construction industry

    Quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Mar-23 10.41 38.31 36.11
    31-Mar-22 5.31 32.94
    Mar-21 2.25 18.24

    Vishnu Prakash R Punglia IPO Lead Managers

    Here is the list of Lead managers –

    • Choice Capital Advisors Private Limited
    • Pantomath Capital Advisors Private Limited

    Vishnu Prakash R Punglia IPO Registrar to offer

    Check out the details of the registrar here –

    Link Intime India Private Limited
    C- 101, 1st Floor, 247 Park, L.B.S Marg, Vikhroli (West),
    Mumbai – 400083, Maharashtra, India
    Telephone: +91 22 8108114949, Fax: +91 22 49186060
    Email: vishnuprakashrpunglia.ipo@linkintime.co.in
    Website: www.linkintime.co.in
    Contact Person: Shanti Gopalkrishnan
    SEBI Registration Number: INR000004058

    Vishnu Prakash R Punglia IPO – Other Details

    • Statutory Auditor – M/s. Banshi Jain & Associates, Chartered Accountants
    • Legal Counsel to the Company – Crawford Bayley & Co., Advocates and Solicitors
    • Bankers to the Company – Bank of Baroda and Punjab National Bank

    Vishnu Prakash R Punglia IPO Verdict by Stock Brokers

    The Vishnu Prakash R Punglia IPO exhibits strong financial performance. It marks substantial asset growth, revenue expansion, and effective cost management.

    The company’s earnings per share have notably risen from INR 2.25 to INR 10.41, reflecting enhanced profitability. This robust financial foundation makes the IPO an attractive proposition. However, like all investments, it come with risks.

    Prospective investors should consider factors like market conditions, industry trends, and their risk appetite. Careful analysis of the IPO’s prospectus, financials, and business outlook is essential. Consulting financial advisors and conducting due diligence can aid in making an informed decision.

    While the IPO showcases potential, prudent evaluation and risk assessment are crucial before considering an investment.

    Vishnu Prakash R Punglia IPO – Conclusion

    The forthcoming Vishnu Prakash R Punglia IPO presents a significant opportunity for investors in the Indian stock market. With an issue size of Rs 308.88 Crores and a price range of Rs 94 to Rs 99 per share, the IPO offers entry to the company’s growth prospects.

    Vishnu Prakash R Punglia Limited is a key player in infrastructure projects. It is debuting as a Book Built Issue, with a subscription from August 24 to 28, 2023. The IPO aims to raise funds for expansion.

    A special employee discount adds allure, while the company’s strong financials enhance its appeal.

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      Vishnu Prakash R Punglia IPO Review FAQs

      Check out the FAQs on Vishnu Prakash IPO –

      What is the Issue Size of Vishnu Prakash R Punglia IPO?

      The Company is making an initial public offer of 31,200,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Vishnu Prakash R Punglia IPO?

      The price band for this particular IPO ranges between Rs.94 to Rs. 99. As far as the face value of the share is concerned, it is Rs.10 per share.

      What is the Vishnu Prakash R Punglia IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on 24 August 2023, while the closing date is set at 28 August 2023.

      What is the Vishnu Prakash R Punglia IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on 31 August 2023, refund initiation is on 1 September 2023, credit of shares is on 4 September 2023, and share listing date is on 5 September 2023.

      What is the Vishnu Prakash IPO Listing Date?

      Shares of this company shall be listed in the exchanges on 5 September 2023. The date, when the listing would be done, is stagnant on 5 September 2023.

      Who is the Registrar of Vishnu Prakash IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Vishnu Prakash IPO?

      Here are the promoters of this IPO – VISHNU PRAKASH PUNGLIA, MANOHAR LAL PUNGLIA, SANJAY KUMAR PUNGLIA, KAMAL KISHOR PUNGALIA AND AJAY PUNGALIA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Vishnu Prakash IPO?

      They have obtained the GMP of this IPO and it is Rs. NA. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.

      Is Vishnu Prakash R Punglia IPO good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Vishnu Prakash R Punglia Company?

      They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 906.43, 2022 is 448.47, 2021 is 189.82.

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