Incorporated in 1986, Vishnu Prakash R Punglia Limited is engaged in the business of designing and constructing infrastructure projects for the Central and State Governments, autonomous bodies, and private bodies across 9 States and 1 Union territory in India.
The company’s 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.
VPRP has been accredited with various registrations as a contractor with various departments and agencies viz. Jodhpur Development Authority, Jodhpur (Class AA), Rajasthan, Public Health Engineering Department, Rajasthan, (Class AA), Water Resources Department, Rajasthan (Class AA), roads and Building Department, Gujarat (Class AA), South Western Command, Military Engineering Services (MES), Jaipur (Class ‘S’), Rajasthan, Public Works Department, Chhattisgarh (Class A), Public Works Department, Rajasthan (Class AA), Public Works Department, Madhya Pradesh, Bhopal (Civil works).
In 2021 VPRP was awarded a WSP by the Public Health Engineering Department (“PHED”), Manipur worth ₹4332.90 million as against a WSP awarded to it (as a partnership firm) by PHED, Rajasthan in 2002 of ₹19.80 million.
Vishnu Prakash R Punglia IPO Details
Vishnu Prakash R Punglia IPO is a Book Built Issue. The IPO total issue size is Rs 308.88 Cr. The Vishnu Prakash R Punglia IPO price is ₹94 to ₹99 per share. The IPO will list on BSE, NSE.
| IPO Date | Aug 24, 2023 to Aug 28, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹94 to ₹99 per share |
| Lot Size | 150 Shares |
| Total Issue Size | 31,200,000 shares (aggregating up to ₹308.88 Cr) |
| Fresh Issue | 31,200,000 shares (aggregating up to ₹[.] Cr) |
| Employee Discount | Rs 9 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 93,444,000 |
| Share holding post issue | 124,644,000 |
Vishnu Prakash R Punglia IPO Reservation
Vishnu Prakash R Punglia IPO a total of 31,200,000 shares are offered. QIB: 6,180,000 (19.81%), RII: 10,815,000 (34.66%), NII: 4,635,000 (14.86%).
| Anchor Investor Shares Offered | 9,270,000 (29.71%) |
| QIB Shares Offered | 6,180,000 (19.81%) |
| NII (HNI) Shares Offered | 4,635,000 (14.86%) |
| Retail Shares Offered | 10,815,000 (34.66%) |
| Employee Shares Offered | 300,000 (0.96%) |
| Total Shares Offered | 31,200,000 (100%) |
Vishnu Prakash R Punglia IPO Anchor Investors Details
Vishnu Prakash R Punglia IPO raises Rs 91.77 crore from anchor investors. Vishnu Prakash R Punglia IPO Anchor bid date is Aug 23, 2023. Vishnu Prakash R Punglia IPO Anchor Investors list
| Bid Date | Aug 23, 2023 |
| Shares Offered | 9,270,000 |
| Anchor Portion Size (In Cr.) | 91.77 |
| Anchor lock-in period end date for 50% shares (30 Days) | Oct 16, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Jan 12, 2024 |
Vishnu Prakash R Punglia IPO Timetable (Tentative)
Vishnu Prakash R Punglia IPO opens on Aug 24, 2023, and closes on Aug 28, 2023.
| IPO Open Date | Thursday, 24 August 2023 |
| IPO Close Date | Monday, 28 August 2023 |
| Basis of Allotment | Thursday, 31 August 2023 |
| Initiation of Refunds | Friday, 1 September 2023 |
| Credit of Shares to Demat | Monday, 4 September 2023 |
| Listing Date | Tuesday, 5 September 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 28, 2023 |
Vishnu Prakash R Punglia IPO Lot Size
The minimum lot size of this Vishnu Prakash R Punglia IPO is 150 shares required is ₹14,850.
| 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 |
| Lot Size Calculator |
Vishnu Prakash R Punglia IPO Promoter Holding
Mr. Vishnu Prakash Punglia, Mr. Manohar Lal Punglia, Mr. Sanjay Kumar Punglia, Mr. Kamal Kishor Pungalia, and Mr. Ajay Pungalia are the promoters of the company.
| Pre Issue Share Holding | 90.45% |
| Post Issue Share Holding | 67.81% |
Company Financials
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 331.05 | 497.81 | 825.48 |
| Revenue | 487.67 | 787.39 | 1,171.46 |
| Profit After Tax | 18.98 | 44.85 | 90.64 |
| Net Worth | 113.61 | 158.69 | 314.51 |
| Reserves and Surplus | 85.24 | 130.11 | 219.96 |
| Total Borrowing | 110.78 | 176.58 | 250.37 |
Amount in ₹ Crore
Key Performance Indicator
Vishnu Prakash R Punglia IPO Market Cap is Rs 1234 Cr and P/E (x) is 13.61.
| KPI | Values |
|---|---|
| P/E (x) | 13.61 |
| Market Cap (₹ Cr.) | 1234 |
| ROCE | 33.72% |
| Debt/Equity | 0.8 |
| EPS (Rs) | 10.41 |
| RoNW | 38.31% |
Check Vishnu Prakash R Punglia IPO Peer Comparison here.
Objects of the Issue
The proceeds from the issue will be used for the following objects:
- Funding capital expenditure requirements for the purchase of equipment/machinery.
- Funding the working capital requirements of the company.
- General corporate purposes.
Vishnu Prakash R Punglia IPO Review (May apply)
[Dilip Davda] The company is an EPC infra development company having a presence in 9 states and 1 union territory. It has orders worth Rs. 3800 cr. as of July 15, 2023. Based on FY23 earnings, the issue appears fully priced. Well-informed investors may park funds for medium to long-term rewards. Read detail review…
Vishnu Prakash R Punglia IPO Subscription Status (Bidding Detail)
The Vishnu Prakash R Punglia IPO is subscribed 45.16 times on Aug 28, 2023 2:20:00 PM. The public issue subscribed 26.32 times in the retail category, 52.10 times in the QIB category, and 82.12 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 52.10 | 61,80,000 | 32,19,82,800 |
| NII | 82.12 | 46,35,000 | 38,06,38,650 |
| bNII (bids above ₹10L) | 80.72 | 30,90,000 | 24,94,39,350 |
| sNII (bids below ₹10L) | 84.92 | 15,45,000 | 13,11,99,300 |
| Retail | 26.32 | 1,08,15,000 | 28,46,67,150 |
| Employee | 10.46 | 3,00,000 | 31,39,050 |
| Total | 45.16 | 2,19,30,000 | 99,04,27,650 |
Total Application : 1,758,451 (24.39 times)
Vishnu Prakash R Punglia IPO Prospectus
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Company Contact Information
Vishnu Prakash R Punglia Limited
Unit No. 3, 5th Floor, B-wing, Trade Star Premises
Co-operative Society Limited, Mathuradas Vasanji R
oad, Andheri (East), Mumbai – 400059
Phone: +91 8058053700
Email: compliance@vprp.co.in
Website: https://www.vprp.co.in/
Vishnu Prakash R Punglia IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: vishnuprakashrpunglia.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html