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Vishnu Prakash R Punglia Limited IPO Detail

Vishnu Prakash R Punglia Limited IPO Detail

Incorporated in 1986, Vishnu Prakash R Punglia Limited is engaged in the business of designing and constructing infrastructure projects for the Central and State Governments, autonomous bodies, and private bodies across 9 States and 1 Union territory in India.

The company's principal business operations are broadly divided into four categories:

(i) Water Supply Projects ("WSP"); (ii) Railway Projects; (iii) Road Projects and (iv) Irrigation Network Projects.

VPRP has been accredited with various registrations as a contractor with various departments and agencies viz. Jodhpur Development Authority, Jodhpur (Class AA), Rajasthan, Public Health Engineering Department, Rajasthan, (Class AA), Water Resources Department, Rajasthan (Class AA), roads and Building Department, Gujarat (Class AA), South Western Command, Military Engineering Services (MES), Jaipur (Class 'S'), Rajasthan, Public Works Department, Chhattisgarh (Class A), Public Works Department, Rajasthan (Class AA), Public Works Department, Madhya Pradesh, Bhopal (Civil works).

In 2021 VPRP was awarded a WSP by the Public Health Engineering Department ("PHED"), Manipur worth ₹4332.90 million as against a WSP awarded to it (as a partnership firm) by PHED, Rajasthan in 2002 of ₹19.80 million.

Company Promoters

Mr. Vishnu Prakash Punglia, Mr. Manohar Lal Punglia, Mr. Sanjay Kumar Punglia, Mr. Kamal Kishor Pungalia, and Mr. Ajay Pungalia are the promoters of the company.

IPO Details

IPO Opening DateAug 24, 2023
IPO Closing DateAug 28, 2023
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹94 - 99 per equity share
Market Lot150 Shares
Min Order Quantity150 Shares
Listing AtBSE, NSE
Issue Size₹308.88 Cr
Fresh Issue31,200,000 shares (aggregating up to ₹[.] Cr)
Offer for Sale-
Employee Discount₹Rs 9 per share
Retail Portion 35.00%

IPO Subscription (Bidding Detail)

Day 1 0.05x 6.29x 4.95x - 3.81x
Day 2 0.35x 19.42x 12.97x - 10.68x
Day 3 171.69x 111.03x 32.01x - 87.82x

IPO Tentative Timetable

The Vishnu Prakash R Punglia Limited IPO open date is Aug 24, 2023, and the close date is Aug 28, 2023. The issue may list on Sep 05, 2023.

IPO Open DateAug 24, 2023
IPO Close DateAug 28, 2023
Basis of Allotment DateAug 31, 2023
Initiation of RefundsSep 01, 2023
Credit of Shares to Demat AccountSep 04, 2023
IPO Listing DateSep 05, 2023

IPO Lot Size

The Vishnu Prakash R Punglia Limited IPO market lot size is 150 shares. A retail-individual investor can apply for up to 13 lots (1950 shares or ₹193050).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding90.45%
Post Issue Share Holding67.81%

Company Financials:

For the year/period ended (₹ in Crore)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 331.05 487.67 18.98
31-Mar-22 497.81 787.39 44.85
31-Mar-23 825.48 1171.46 90.64

Objects of the Issue:

The proceeds from the issue will be used for the following objects:
  1. Funding capital expenditure requirements for the purchase of equipment/machinery.
  2. Funding the working capital requirements of the company.
  3. General corporate purposes.

Vishnu Prakash R Punglia Limited IPO Registrar:

Link Intime India Private Ltd

Vishnu Prakash R Punglia Limited IPO Lead Manager(s):

Choice Capital Advisors Pvt Ltd Pantomath Capital Advisors Pvt Ltd

Company Contact Information:

Vishnu Prakash R Punglia Limited

Unit No. 3, 5th Floor, B-wing, Trade Star Premises Co-operative Society Limited, Mathuradas Vasanji R oad