Vishnu Prakash R Punglia IPO Details
Issue Date
--
Price Range
₹99
Lot Size
150
IPO Size
₹308.88 Cr
Vishnu Prakash R Punglia IPO Listing Details
Listing On
5 Sep'23
Issue Price
--
Listed Price
₹ 165
Retail Gain/Listing Gain
▲66.67%
Schedule of Vishnu Prakash R Punglia IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
05/09/2023
Company Background
Vishnu Prakash R Punglia Ltd was incorporated in 1986 to undertake designing and constructing infrastructure projects. Apart from autonomous bodies, the company implemented infrastructure projects for the Central and State Governments. It has an operational presence in 9 States and 1 Union territory in India. Its business verticals can be classified into 4 categories, viz. Water Supply Projects (WSP), Railway Projects, Road Projects, and Irrigation Network Projects. The company has accreditation with various government departments and agencies as a contractor, which facilitates the process of bidding for projects and getting a favourable outcome. Vishnu Prakash R Punglia Ltd is currently accredited by Jodhpur Development Authority, Public Health Engineering Department, Rajasthan, Water Resources Department, Rajasthan, Roads and Building Department, Gujarat, South Western Command, Military Engineering Services (MES) etc. The company has recently forayed into 3 additional related business verticals. Vishu Prakash R Punglia Ltd has ventured into the tunnel business with the government's thrust on infrastructure. The company drills and maintains tunnels for hydropower projects, railway passages, metro rail, roads, and highways in India. It looks to capture lucrative growth opportunities in the tunnel sector. The second foray is into warehousing projects, especially for storing food grains and other perishable materials. The company has executed several independent warehouse projects. Finally, Vishnu Prakash R Punglia Ltd has also forayed into sustainable sewerage projects. Sewerage projects are made sustainable, cost-effective, and low-maintenance. Vishu Prakash R Punglia Ltd also provides end-to-end wastewater management solutions.
Vishu Prakash R Punglia Ltd's public issue will be managed by Choice Capital Advisors Private Ltd and Pantomath Advisors Private Ltd as the book-running lead managers. For managing shareholder records, Link Intime India Private Ltd will be the registrar of the issue. With that, let us now go over the competitive strengths and risks factors for Divgi TorqTransfer Systems Limited:
Competitive Strengths
Risk Factors
- The company must adhere to project schedules under EPC contracts; delays could lead to liquidated damages or affect bank guarantees.
- With most businesses in Rajasthan, failure to mitigate concentration risk could hinder growth.
- An unsecured loan of $844.72 million, repayable on demand, could impact cash flow if repayment is required.
- Revenue dependency on a few clients means their loss could significantly affect earnings.
- The need for large working capital and potential additional debt could increase interest payments and restrictive covenants.
- Dependency on sub-contractors exposes the company to risks related to their availability and performance.
Key Strategies
Here are a few strategies Vishnu Prakash R Punglia Limited has for its business:
- Geographical diversification
- Continued focus on Water Supply Projects (WSP) business
- Focus on high-value contracts and investment in the latest equipment
- Increase competitiveness through quality execution, cost reduction and continuous training of manpower
- Leverage core competencies with enhanced in-house integration
Key Financials
And finally here’s a look at key financials of Vishnu Prakash R Punglia Limited.
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