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Vishnu Prakash R Punglia IPO is a book built issue of Rs 308.88 crores. The issue is entirely a fresh issue of 3.12 crore shares.
Vishnu Prakash R Punglia IPO bidding started from August 24, 2023 and ended on August 28, 2023. The allotment for Vishnu Prakash R Punglia IPO was finalized on Thursday, August 31, 2023. The shares got listed on BSE, NSE on September 5, 2023.
Vishnu Prakash R Punglia IPO price band is set at ₹94 to ₹99 per share. The minimum lot size for an application is 150 Shares. The minimum amount of investment required by retail investors is ₹14,850. The minimum lot size investment for sNII is 14 lots (2,100 shares), amounting to ₹207,900, and for bNII, it is 68 lots (10,200 shares), amounting to ₹1,009,800.
The issue includes a reservation of up to 300,000 shares for employees offered at a discount of Rs 9 to the issue price.
Choice Capital Advisors Pvt Ltd and Pantomath Capital Advisors Pvt Ltd are the book running lead managers of the Vishnu Prakash R Punglia IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Vishnu Prakash R Punglia IPO RHP for detailed information.
| IPO Date | August 24, 2023 to August 28, 2023 |
| Listing Date | September 5, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹94 to ₹99 per share |
| Lot Size | 150 Shares |
| Total Issue Size | 31,200,000 shares (aggregating up to ₹308.88 Cr) |
| Fresh Issue | 31,200,000 shares (aggregating up to ₹[.] Cr) |
| Employee Discount | Rs 9 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 93,444,000 |
| Share holding post issue | 124,644,000 |
Vishnu Prakash R Punglia IPO offers 31,200,000 shares. 6,180,000 (19.81%) to QIB, 4,635,000 (14.86%) to NII, 10,815,000 (34.66%) to RII, 300,000 (0.96%) to employees 9,270,000 (29.71%) to Anchor investors. 72,100 RIIs will receive minimum 150 shares and 735 (sNII) and 1,471 (bNII) will receive minimum 2,100 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 9,270,000 (29.71%) | NA |
| QIB Shares Offered | 6,180,000 (19.81%) | NA |
| NII (HNI) Shares Offered | 4,635,000 (14.86%) | |
| bNII > ₹10L | 3,090,000 (9.90%) | 1,471 |
| sNII < ₹10L | 1,545,000 (4.95%) | 735 |
| Retail Shares Offered | 10,815,000 (34.66%) | 72,100 |
| Employee Shares Offered | 300,000 (0.96%) | NA |
| Total Shares Offered | 31,200,000 (100%) |
Vishnu Prakash R Punglia IPO raises Rs 91.77 crore from anchor investors. Vishnu Prakash R Punglia IPO Anchor bid date is August 23, 2023. Vishnu Prakash R Punglia IPO Anchor Investors list
| Bid Date | August 23, 2023 |
| Shares Offered | 9,270,000 |
| Anchor Portion Size (In Cr.) | 91.77 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 30, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 29, 2023 |
Vishnu Prakash R Punglia IPO opens on August 24, 2023, and closes on August 28, 2023.
| IPO Open Date | Thursday, August 24, 2023 |
| IPO Close Date | Monday, August 28, 2023 |
| Basis of Allotment | Thursday, August 31, 2023 |
| Initiation of Refunds | Friday, September 1, 2023 |
| Credit of Shares to Demat | Monday, September 4, 2023 |
| Listing Date | Tuesday, September 5, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 28, 2023 |
Investors can bid for a minimum of 150 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹14,850 |
| Retail (Max) | 13 | 1950 | ₹193,050 |
| S-HNI (Min) | 14 | 2,100 | ₹207,900 |
| S-HNI (Max) | 67 | 10,050 | ₹994,950 |
| B-HNI (Min) | 68 | 10,200 | ₹1,009,800 |
| Lot Size Calculator | |||
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.
| Share Holding Pre Issue | 90.45% |
| Share Holding Post Issue | 67.81% |
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.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 331.05 | 497.81 | 825.48 |
| Revenue | 487.67 | 787.39 | 1,171.46 |
| Profit After Tax | 18.98 | 44.85 | 90.64 |
| Net Worth | 113.61 | 158.69 | 314.51 |
| Reserves and Surplus | 85.24 | 130.11 | 219.96 |
| Total Borrowing | 110.78 | 176.58 | 250.37 |
The market capitalization of Vishnu Prakash R Punglia IPO is Rs 1234 Cr.
| KPI | Values |
|---|---|
| ROCE | 33.72% |
| Debt/Equity | 0.8 |
| RoNW | 38.31% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.41 | |
| P/E (x) | 13.61 |
[Dilip Davda] The company is an EPC infra development company having a presence in 9 states and 1 union territory. It has orders worth Rs. 3800 cr. as of July 15, 2023. Based on FY23 earnings, the issue appears fully priced. Well-informed investors may park funds for medium to long-term rewards. Read detail review...
The Vishnu Prakash R Punglia IPO is subscribed 87.82 times on August 28, 2023 7:02:00 PM. The public issue subscribed 32.01 times in the retail category, 171.69 times in the QIB category, and 111.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 171.69 |
| NII | 111.03 |
| bNII (bids above ₹10L) | 112.02 |
| sNII (bids below ₹10L) | 109.07 |
| Retail | 32.01 |
| Employee | 12.97 |
| Total | 87.82 |
Total Application : 2,082,232 (28.88 times)
| Listing Date | September 5, 2023 |
| BSE Script Code | 543974 |
| NSE Symbol | VPRPL |
| ISIN | INE0AE001013 |
| Final Issue Price | ₹99 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹99.00 |
| ₹163.30 |
| ₹144.00 |
| ₹164.45 |
| ₹145.93 |
| NSE |
|---|
| ₹99.00 |
| ₹165.00 |
| ₹144.00 |
| ₹165.00 |
| ₹145.70 |
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
Email: compliance@vprp.co.in
Website: https://www.vprp.co.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: vishnuprakashrpunglia.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Vishnu Prakash R Punglia IPO is a main-board IPO of 31,200,000 equity shares of the face value of ₹10 aggregating up to ₹308.88 Crores. The issue is priced at ₹94 to ₹99 per share. The minimum order quantity is 150 Shares.
The IPO opens on August 24, 2023, and closes on August 28, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Vishnu Prakash R Punglia IPO using UPI as a payment gateway. Zerodha customers can apply in Vishnu Prakash R Punglia IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vishnu Prakash R Punglia IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vishnu Prakash R Punglia IPO opens on August 24, 2023 and closes on August 28, 2023.
Vishnu Prakash R Punglia IPO lot size is 150 Shares, and the minimum amount required is ₹14,850.
You can apply in Vishnu Prakash R Punglia IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Vishnu Prakash R Punglia IPO will be done on Thursday, August 31, 2023, and the allotted shares will be credited to your demat account by Monday, September 4, 2023. Check the Vishnu Prakash R Punglia IPO allotment status.
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