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.
How to apply for IPO through ASBA
Kotak Neo
•00m 59s
Vishnu Prakash R Punglia IPO FAQs
The Vishnu Prakash R Punglia IPO opens for subscription from [-] to [-], with a total issue size of ₹308.88 Cr. The IPO price band is ₹99 to ₹0 per share with a lot size of 150. The company aims to list the shares on BSE & NSE on 05-09-2023.
The Vishnu Prakash R Punglia IPO will open for subscription on [-] and will close on [-] for investors.
The minimum lot size for the Vishnu Prakash R Punglia IPO is 150 equity shares, requiring a minimum investment of ₹[-] for retail investors applying in the IPO.
The price band of the Vishnu Prakash R Punglia IPO has been fixed at ₹99 to ₹0 per equity share.
You can apply for the Vishnu Prakash R Punglia IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Vishnu Prakash R Punglia IPO allotment will take place on [-].
You can check the Vishnu Prakash R Punglia IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Vishnu Prakash R Punglia shares will list on the stock exchanges on 05-09-2023.
Vishnu Prakash R Punglia IPO is a main-board IPO of 31,200,000 equity shares of a 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.
The allotment date is August 31, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
You can read more about Vishnu Prakash R Punglia Limited and its IPO from the company’s red herring prospectus (RHP) here: Vishnu Prakash R Punglia Limited RHP.
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