Vishnu Prakash R Punglia Limited IPO

Price
₹94 - ₹99
Lot
150
Subs.
87.82
Expected Listing Earning

Exp. Premium(GMP):
65.99(66.66%)
IPO Details

Open Date: 24-Aug-2023
Close Date: 28-Aug-2023
Allotment Date: 31-Aug-2023
Listing Date: 05-Sep-2023
Listing Price: ₹202.75/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹94-99 Per Equity Share
Issue Size: Total Issue Size 31,200,000 shares (aggregating up to ₹308.88 Cr) : Fresh Issue 31,200,000 shares (aggregating up to ₹[.] Cr)
Market Lot (Min Amount): Retail - ₹14,850 : S-HNI - ₹207,900 : B-HNI - ₹1,009,800
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved6,180,0004,635,00010,815,00021,930,000
Day 1 - 24-08-23 
05:00 PM
0.056.294.963.81
Day 2 - 25-08-23 
05:00 PM
0.3519.4413.0010.70
Day 3 - 28-08-23 
05:00 PM
171.69111.0332.0187.82
Total No. of Application:2,082,232 (Approx.)
Retail Subscription on the basis of Apps:28.88x
Valuations

Earning Per Share(EPS)10.41/-
P/E Ratio13.61
RoNW38.31%
Net Asset Value (NAV) - Post Issue:₹36.11/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Mar,2023825.481,171.4690.64
31 Mar,2022497.81787.3944.85
31 Mar,2021331.05487.6718.98
Promoter(s)

Pre Issue Share Holding90.45%
Post Issue Share Holding67.81%
Company Promoter(s)
1. Mr. Vishnu Prakash Punglia
2. Mr. Manohar Lal Punglia
3. Mr. Sanjay Kumar Punglia
4. Mr. Kamal Kishor Punglia
5. Mr. Ajay Punglia
Issue Objective(s)

The proceeds from the issue will be used for the following objects:
  1. Funding capital expenditure requirements for the purchase of equipment/machinery.
  2. Funding the working capital requirements of the company.
  3. General corporate purposes.
About Company

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.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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