Vishnu Prakash R Punglia IPO

Vishnu Prakash R Punglia IPO will open for subscription from 24 August 2023. the company aims for an issue size of ₹308.88 Cr through this IPO.

Company Overview

Full nameVishnu Prakash R Punglia Limited
IndustryEngineering – Construction
Company Website

About Company

The company is an integrated engineering, procurement, and construction (EPC) player 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.

Its 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. The company undertakes projects on an EPC basis, with or without operation and maintenance services (O&M). The scope of its services includes detailed engineering of the project, procurement of key materials, and project execution at the sites with overall project management up to the commissioning of these projects. In addition, Vishnu Prakash R Punglia also undertakes the operation and maintenance of projects in accordance with its contractual arrangements.

The company has design and engineering, procurement, project management, and quality management teams along with a fleet of four hundred and ninety-nine (499) construction equipment and vehicles. These in-house teams help the company in timely turnaround by reducing dependency on third parties.

The Objective of the Issue

  • Funding capital expenditure requirements for the purchase of equipment/machinery.
  • Funding the working capital requirements of the company.
  • General corporate purposes.

IPO Timetable

IPO Opening date24 August 2023
IPO Closing28 August 2023
Basis of Allotment31 August 2023
Initiation Refund01 September 2023
Credit to Demat Account04 September 2023
Listing Date05 September 2023

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹308.88 Cr – 31,200,000 shares
Fresh Issue₹308.88 Cr – 31,200,000 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹94 to ₹99 per share
Lot size150 Shares
Employee Discount₹09 per share
Listing ExchangeBSE & NSE

IPO Lot Size

Retail (Min)1150₹14,850
Retail (Max)131950₹193,050
S-HNI (Min)142,100₹207,900
S-HNI (Max)6710,050₹994,950
B-HNI (Min)6810,200₹1,009,800
(Amount in ₹ Crores)

Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Financial Performance

 FY 2021FY 2022FY 2023
Net income19.145.191.3
Margin (%)3.935.747.81

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio9.03 – 9.51
RONW (%)18.2432.9438.31
ROCE (%)19.4029.9433.72
EBITDA (%)9.7011.2613.63

Company Promoters

  • Mr. Vishnu Prakash Punglia
  • Mr. Manohar Lal Punglia
  • Mr. Sanjay Kumar Punglia
  • Mr. Kamal Kishor Pungalia
  • Mr. Ajay Pungalia

Promoter Holding

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

Lead Manager(s)

  • Choice Capital Advisors Pvt Ltd
  • Pantomath Capital Advisors Pvt Ltd

IPO Registrar

C-101, 247 Park, 1st Floor, L.B.S. Marg,
Vikhroli West, Mumbai, 400 083, Maharashtra
Phone: +91 22 4918 6200

Contact Details

B-31/32, Second Floor, Industrial Estate,
New Power House Road, Jodhpur- 342003, Rajasthan
Phone: +91 291 243 4396

Allotment Status

Vishnu Prakash Punglia IPO allotment will be available on Link Intime’s website. Click on this link to get allotment status.

Final thoughts

Vishnu Prakash R Punglia IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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