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 name | Vishnu Prakash R Punglia Limited |
| Sector | Infrastructure |
| Industry | Engineering – Construction |
| Company Website | https://www.vprp.co.in/ |
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 date | 24 August 2023 |
| IPO Closing | 28 August 2023 |
| Basis of Allotment | 31 August 2023 |
| Initiation Refund | 01 September 2023 |
| Credit to Demat Account | 04 September 2023 |
| Listing Date | 05 September 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹308.88 Cr – 31,200,000 shares |
| Fresh Issue | ₹308.88 Cr – 31,200,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹94 to ₹99 per share |
| Lot size | 150 Shares |
| Employee Discount | ₹09 per share |
| Listing Exchange | BSE & NSE |
IPO Lot Size
| 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 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 485.7 | 785.6 | 1,168.4 |
| Expenses | 462.0 | 727.0 | 1,049.0 |
| Net income | 19.1 | 45.1 | 91.3 |
| Margin (%) | 3.93 | 5.74 | 7.81 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.25 | 5.31 | 10.41 |
| PE ratio | – | – | 9.03 – 9.51 |
| RONW (%) | 18.24 | 32.94 | 38.31 |
| NAV | – | – | 36.11 |
| ROCE (%) | 19.40 | 29.94 | 33.72 |
| EBITDA (%) | 9.70 | 11.26 | 13.63 |
| Debt/Equity | 0.98 | 1.11 | 0.80 |
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 Holding | 90.45% |
| Post Issue Share Holding | 67.81% |
Lead Manager(s)
- Choice Capital Advisors Pvt Ltd
- Pantomath Capital Advisors Pvt Ltd
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, 1st Floor, L.B.S. Marg,
Vikhroli West, Mumbai, 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: vishnuprakashrpunglia.ipo@linkintime.co.in
Website: www.linkintime.com
Contact Details
VISHNU PRAKASH R PUNGLIA LIMITED
B-31/32, Second Floor, Industrial Estate,
New Power House Road, Jodhpur- 342003, Rajasthan
Phone: +91 291 243 4396
Email: compliance@vprp.co.in
Website: www.vprp.co.in
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
