Vishnu Prakash R Punglia IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Vishnu Prakash R Punglia IPO will open on August 24 and close on August 28, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 308.88 crore through this public offering, consisting of 31,200,000 shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 94 to ₹ 99 per share.
Vishnu Prakash R Punglia Limited (“the Company”)
Incorporated in 1986. Vishnu Prakash R Punglia Limited is an ISO 9001:2015 certified integrated engineering, procurement, and construction (“EPC”) company with experience in the design and construction of various 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:
- Water Supply Projects (“WSP”);
- Railway Projects;
- Road projects and
- Irrigation Network Projects
They have design and engineering, procurement, project management, and quality management teams, along with a fleet of four hundred and eighty-four (484) construction equipment and vehicles. Its in-house teams deliver its projects from design to completion. This reduces its dependency on third parties for key materials such as ready-mix concrete, stone aggregates, bitumen, and services such as design and engineering, transportation, and logistics required in the development and construction of its projects.
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- Funding capital expenditure requirements for the purchase of equipment/machinery.
- Funding the working capital requirements of the company.
- General corporate purposes.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Net Worth | 314.51 | 158.69 | 113.61 |
| Total Assets | 825.48 | 497.81 | 331.05 |
| Reserve & Surplus | 219.96 | 130.11 | 85.24 |
| Total Borrowings | 250.37 | 176.58 | 110.78 |
| Total Revenue | 1,171.46 | 787.39 | 487.67 |
| Profit After Tax | 90.64 | 44.85 | 18.98 |
IPO details
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹ 94 to ₹ 99 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 150 shares |
| Issue Size | 31,200,000 shares (aggregating up to ₹ 308.88 crores) |
| Fresh Issue | 31,200,000 shares (aggregating up to ₹ [.] crores) |
| Listing At | BSE, NSE |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| QIB shares offered | Not more than 50% of the net offer |
| Other shares offered | Not less than 15% of the offer |
| Retail shares offered | Not less than 35% of the offer |
GMP: Vishnu Prakash R Punglia IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Vishnu Prakash R Punglia IPO
The issue opens for subscription on August 24, 2023, and closes for subscription on August 28, 2023 (both days inclusive). The basis of allotment will be finalised on August 31, 2023, and the refunds will be initiated on September 1, 2023. In addition, the demat credits are expected to happen on September 4, 2023, and the stock will be listed on the NSE and BSE on September 5, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | August 24, 2023, |
| Closing Date | August 28, 2023 |
| Basis of Allotment | August 31, 2023 |
| Initiation of Refunds | September 1, 2023 |
| A credit of shares to Demat A/c | September 4, 2023 |
| Listing Date | September 5, 2023 |
Lot Size
The lot size of the Vishnu Prakash R Punglia IPO is 150 shares. A retail-individual investor can apply for up to 13 lots, i.e. 1,950 shares of ₹ 193,050.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 150 | ₹ 14,850 |
| Retail (Maximum) | 13 | 1,950 | ₹ 193,050 |
| S-HNI (Minimum) | 14 | 2,100 | ₹ 207,900 |
| S-HNI (Maximum) | 67 | 10,050 | ₹ 994,950 |
| B-HNI (Minimum) | 68 | 10,200 | ₹ 1,009,800 |
Promoters Holdings
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.
| Pre-issue Shares Holdings | 90.45% |
| Post-issue Shares Holdings | – |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Vishnu Prakash R Punglia Limited Unit No. 3, 5th Floor, B-wing, Trade Star Premises Co-operative Society Limited, Mathuradas Vasanji Road, Andheri (East), Mumbai – 400059 Phone: +91 8058053700 Email: compliance@vprp.co.in Website: https://www.vprp.co.in/ |
| IPO Registrar | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: vishnuprakashrpunglia.ipo@linkintime.co.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
| IPO Lead Manager(s) | 1. Choice Capital Advisors Pvt Ltd 2. Pantomath Capital Advisors Pvt Ltd |
FAQs
What is Vishnu Prakash R Punglia’ IPO price?
The Vishnu Prakash R Punglia IPO price is ₹ 94 to ₹ 99 per share.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors. One lot of the Vishnu Prakash R Punglia IPO contains 150 shares of ₹ 14,850.
When will the Vishnu Prakash R Punglia IPO allotment be available?
The finalisation of the basis of allotment for the Vishnu Prakash R Punglia IPO will be done on August 31, 2023, and the allotted shares will be credited to your demat account by September 4, 2023. Check the Vishnu Prakash R Punglia IPO allotment status.
When will the Vishnu Prakash R Punglia IPO list on exchanges?
The Vishnu Prakash R Punglia IPO shares listing date is September 5, 2023.
How many Vishnu Prakash R Punglia IPO Offer shares are reserved for HNIs and retail investors?
The investors’ portion for QIB is 50% of the Net offers, NII (HNI) is 15%, and retail is 35% of the offer.
