VISHNU PRAKASH R PUNGLIA IPO GMP, Details to watch, Guidance & Subscription status @ Chanakyanipothi.com India`s Oldest & the most Trusted Investment website. Operational since 8th December 1999, this is the Only Investment website in India, which has successfully completed 23 Years.

    VISHNU PUNGLIA IPO

    VISHNU PUNGLIA IPO Listing Review.
    The scrip listed at RS. 165, compared to issue price of Rs. 99, marginally above the expectation of Grey Market players.

    VISHNU PUNGLIA IPO Guidance.
    Live IPO Guidance in Gujarati @
    https://youtu.be/QO0vNDyCUf4
    1) Strong growth in income and profits during last 3 years.
    2) Attractive valuation as compared to Peers
    3) Small IPO size, so oversubscription is assured.
    4) Strong fancy at present in the grey market for GMP,Kostak and subject to.
    5) Must Apply, though chances of allotment are thin.

    VISHNU PRAKASH R PUNGLIA IPO Grey Market Premium  
    Premium: Rs.54 (fancy) 
    Retail Allotted Application Rs 9800
    B & S HNI Allotted Application Rs. 140,000

    Subscription Status of VISHNU PRAKASH R PUNGLIA IPO? 
    ♣ Subscription of Vishnuprakash Punglia  IPO
    On 28 August 2023 @ 5.00 (Day 3) (Closed) 
    Review: Trend has been impressive on last day
    QIB:             6180000 Shares    171.69 T
    NII(10L+):   3090000 Shares    112.02 T
    NII (<10L)   1545000 Shares    109.02 T
    NII (Total)   4635000 Shares    111.02 T
    RII:           10815000  Shares     31.99 T
    Emp.            300000  Shares     12.96 T
    Total:       21930000  Shares    87.80 T

    VISHNU PRAKASH R PUNGLIA IPO Promoters
    VISHNU PRAKASH PUNGLIA, MANOHAR LAL PUNGLIA, SANJAY KUMAR PUNGLIA, KAMAL KISHOR PUNGALIA AND AJAY PUNGALIA

    VISHNU PRAKASH R PUNGLIA IPO Company Details to watch

    The company is an ISO 9001:2015 certified integrated engineering, procurement and construction (“EPC”) company with experience in design and construction of various infrastructure projects for the Central and State Government, autonomous bodies, and private bodies across 9 States and 1 Union territory in India. Its 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.
    It has been accredited with various registrations as a contractor with various departments and
    agencies viz. Jodhpur Development Authority, Jodhpur (Class AA), 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’), Public Works Department, Chhattisgarh (Class A), Public Works
    Department, Rajasthan (Class AA), Public Works Department, Madhya Pradesh, Bhopal (Civil
    works), pursuant to which it is also eligible to participate and undertake projects awarded by
    various other departments and agencies.
    The company has design and engineering, procurement, project management and quality management teams along with fleet of four hundred and eighty four (484) construction equipment and vehicles.
    The company has gradually increased its capabilities in terms of the size of projects executed. For e.g., in 2021 it was awarded a WSP by the Public Health Engineering Department (“PHED”), Manipur
    worth Rs. 4332.90 million as against a WSP awarded to it (as a partnership firm) by PHED, Rajasthan
    in 2002 of Rs.19.80 million.

    For more information about the company, click www.vprp.co.in

    Objects of the IPO
    The Company proposes to utilize the Net Proceeds from the Issue towards funding the following
    objects:
    1. Funding capital expenditure requirements for the purchase of equipment/machineries
    2. Funding the working capital requirements of the Company; and
    3. General corporate purposes.

    VISHNU PRAKASH R PUNGLIA IPO Details to watch.
    IPO opens on  24 August ,2023
    IPO closes on  28 August ,2023
    Issue Type Book Built Issue IPO
    Issue Size up to 31,200,000 Shares /
    Rs 308.62 Cr
    * Fresh Issue up to 31,200,000 Shares /
    Rs 308.62 Cr
    * Offer for Sale  ? Sh
    Employees Discount  Rs. 9
    Face Value per share: Rs. 10
       
    Price Band Rs. 94-99
    Employee discount  Rs. 0 per share
    Retail Lot Size  150 Shares
    Listing will at  BSE, NSE
    Shares offered to Shares Rs. in Cr
    QIB (50 %)  15450000 152.96
    NII (15 %)  4635000  45.89
    RII (35 %)  10815000 107.07
    Employees  300000     2.70
    Total Shares  31200000 308.62
    Retail portion will be oversubscribed by  72100 Forms
    How much Shares to Apply? Rs.
    Min Retail Application 150 Shares 14850
    Max Retail Application  1950 shares 193050
    Small HNI (Min) application  2100 Shares 207900
    Small HNI (Max) application 10050 shares 994950
    Big HNI Application 10200 shares 1009800
    VISHNU PRAKASH R PUNGLIA IPO Tentative timetable
    IPO opens on 24 August 2023
    IPO Closes on 28 August 2023
    IPO Allotment on  31 August 2023
    Unblocking of ASBA  1 Sept 2023
    Credit to Demat Accounts  4 Sept 2023
    Listing on 5 Sept 2023
    Registered Office of VISHNU PRAKASH R PUNGLIA
    Unit No. 3, 5th Floor, B-wing, Trade Star
    Premises Co-operative Society Limited,
    Village Kondivita, Mathuradas Vasanji Road,
    Near Chakala Metro Station, Andheri (East),
    Mumbai – 400059, Maharashtra, India
    Lead Manager to the IPO
    Choice Capital Advisors Pvt ltd
    Pantomath Capital Advisors Pvt ltd
    Registrar to VISHNU PRAKASH R PUNGLIA IPO
    Link Intime India Pvt. Ltd
    VISHNU PRAKASH R PUNGLIA IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW
      Rs. in Cr. Rs.in Cr. Rs. %
    2020-21 488 18.98 2.25 18.24
    2021-22 787 44.85 5.31 32.94
    2022-23  1171 90.64 10.41 38.31
    Book Value of the Share on 31.03.2023 Rs.36.11    
    Book Value of the Share after the IPO Rs.50.01    
    Offer Price   Rs. 99    
    Ratio Analysis
    Upper Price Band/last EPS 9.51
    Upper offer price/Book Value Ratio 2.74
    Upper offer price/BV after IPO Ratio 1.98

    VISHNU PRAKASH R PUNGLIA Peer Comparison

    As on date of DRHP Total  PE RoNW %
      Income In Cr Ratio of
    The IPO Company 1171 9.51 38.31
    PNC Infratech 8037 13.48 16.64
    HG Infra 4640 12.56 29.38
    NCC ltd 15701 16.24 10.98
    Rail Vikas Nigam 21278 18.22 20.70
    ITD Cementation 5120 25.62 10.53

    # This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

    VISHNU PRAKASH R PUNGLIA IPO GMP Details to watch Guidance & Subscription

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    VISHNU PRAKASH R PUNGLIA IPO

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