Check Important Dates, GMP, Lot Size, Financials, And Other Important Details For The Vishnu Prakash R Punglia IPO Here

The subscription period for Infrastructure business Vishnu Prakash R Punglia’s initial public offering (IPO) begins on Thursday, August 24, and the offer closes on Monday, August 28. On August 23, the anchor book Vishnu Prakash R Punglia IPO would be available for one day. The public offering’s price range has been set at Rs. 94-99 per share.

The business has only issued a new issuance of its 3.12 crore equity shares in the IPO.

3 lakh equity shares of the offering have been set aside by the firm for its workers, who would get them at a price of Rs 9 per share less than the final offer price.

At the higher price range, the firm hopes to generate up to Rs 308.88 crore via a public offering.

The total new issuance of up to 31.20 million shares without any offer for sale (OFS) component make up Vishnu Prakash R Punglia’s initial public offering (IPO).

An engineering, procurement, and construction company based in Rajasthan, Vishnu Prakash R Punglia, will use a total of Rs 586.40 million of the money raised from its new issue to buy capital equipment, while Rs 1400 million will be used for the business’s working capital requirements and other corporate purposes.

Size of Lot:

Investors may submit bids for a minimum of 150 equity shares and subsequently in multiples of 150 shares. Equity shares have a face value of Rs. 10 per share.

15% of the issue size is set aside for high-net-worth individuals (HNIs), 50% is allocated to eligible institutional purchasers, and the remaining 35% is allocated to regular investors.

IPO GMP Vishnu Prakash R Punglia

According to IPOWatch, shares of Vishnu Prakash R Punglia are selling at a premium of Rs 40 on the grey market.

Important dates for Vishnu Prakash R Punglia Ltd:

From August 24 to August 28, investors may subscribe to the Vishnu Prakash R Punglia Limited IPO. On August 23, the auction for the anchor investors will begin.

The corporation will begin reimbursements on September 1 when the basis for the share allocation is finalized on August 31. The shares will likely be credited to the allottees’ Demat accounts on September 4. On September 5, shares of Vishnu Prakash R Punglia Limited are anticipated to list on the BSE and NSE.

Company financial information:

As of December 31, 2022, the firm has an order book of Rs 38,366.24 million.

The building company’s net profit for the fiscal year that ended in March FY23 increased by two times to Rs 90.64 crore from Rs 44.85 crore the prior year. The company’s operating revenue increased by 48.7% to Rs 1,168.4 crore during this time, and from FY21 to FY23, the top line expanded at a CAGR of 55.10%.

While this was happening, the amount of debt recorded on the company’s books significantly climbed to Rs 250.4 crore in FY23 from Rs 176.6 crore in FY22 and Rs 110.8 crore in FY21.