Your guide to Vishnu Prakash R Punglia IPO: 10 essential factors for wise investment decisions

Vishnu Prakash R Punglia IPO price band is Rs 94–99 per share. Rajasthan's infrastructure expert, focused on water supply projects, sets sights on strategic growth.

Vishnu Prakash R Punglia IPO

As the Vishnu Prakash R Punglia IPO draws near, here are 10 crucial points to consider before you invest. From the price band to financial insights, make an informed decision about this upcoming offering.

Highlights - 

  • Vishnu Prakash R Punglia IPO offers fresh shares at ₹94–99 per share.

  • IPO offers 3.12 crore equity shares for capital and growth.

  • The minimum subscription is 150 shares.

  • Robust growth, net profit doubled in FY23. However, look out for debt.

10 Things to Know Before You Apply for the IPO of Vishnu Prakash R Punglia

1. Price band

The price band is set at ₹94–99 per share.

2. IPO details

The IPO consists solely of a fresh issue of 3.12 crores equity shares for 308.88 crores. The company has allocated 3 lakh equity shares of the issue to its employees, allowing them to obtain shares at a discounted rate of ₹9 per share from the final offer price.

3. IPO lot size and reservation

Investors can bid for a minimum of 150 equity shares and in multiples of 150 shares thereafter, with each equity share having a face value of ₹10.

IPO lot size and reservation

4. Important dates

4. Important dates

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5. Objectives of the issue

The IPO aims to raise funds for capital equipment purchases, working capital needs, and other corporate purposes. The company plans to utilise a substantial portion of the issue proceeds for capital expenditure and equipment/machinery acquisition.

6. Financial snapshot

For FY23 -

  • Net profit doubled YoY to ₹ 90.64 crores.

  • Revenue from operations rose by 48.7% to ₹1,168.4 crores.

  • Topline grew at a CAGR of 55.10% during FY21-FY23.

  • Debt increased to ₹250.4 crores.

  • EBITDA grew 80.2% YoY to ₹156.6 crores.

  • Order book as of July 15, 2023: ₹ 3,799.53 crores.

7. Key indicators

7. Key indicators

8. Merchant Bankers 

The IPO is supported by Choice Capital Advisors and Pantomath Capital Advisors. Link Intime India is the registrar.

9. Grey market premium (GMP)

The shares of Vishnu Prakash R Punglia are currently at ₹40 premium apiece in the grey market.

10. About the company

Vishnu Prakash R Punglia Limited is a Rajasthan-based infrastructure company with expertise in engineering, procurement, and construction. With a strong track record in executing water supply projects (WSPs), the company aims to utilise the IPO funds for strategic growth.


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Disclaimer: This article is intended for general information purposes only and should not be construed as investment or legal advice. You should separately obtain independent advice when making decisions in these areas.


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