Vishnu Prakash IPO Details ( Vishnu Prakash R Punglia Limited IPO Review )
(24 Aug 2023 – 28 Aug 2023)
Established in 1986, Vishnu Prakash R Punglia Limited specializes in designing and constructing infrastructure projects for various entities, including the Central and State Governments, autonomous bodies, and private organizations. Their operations span across 9 States and 1 Union territory in India.
The company’s primary business activities are categorized into four areas:
- Water Supply Projects (“WSP”)
- Railway Projects
- Road Projects
- Irrigation Network Projects
VPRP holds multiple registrations as a contractor with various departments and agencies, including but not limited to:
- 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 secured a Water Supply Project (WSP) contract from the Public Health Engineering Department (“PHED”), Manipur, valued at ₹4,332.90 million. This marked a significant increase from their earlier WSP contract with PHED, Rajasthan, in 2002, which was worth ₹19.80 million, and was awarded to the company when it operated as a partnership firm.
Vishnu Prakash R Punglia Limited IPO Competitive Strength
- Focused player in Water Supply Projects (WSPs)
- Visible growth through robust order book across segments
- Established relationships with marquee client base
- Track record of successfully completed projects
- In-house integrated model
- Committed Promoters, Board and management team
Vishnu Prakash R Punglia IPO Financials Performance ( Results )
Vishnu Prakash R Punglia Limited Financial Information (Restated Standalone)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 331.05 | 487.67 | 18.98 | 2.25 | 113.61 | 13.45 | 85.24 | 110.78 |
| 31-Mar-22 | 497.81 | 787.39 | 44.85 | 5.31 | 158.69 | 18.79 | 130.11 | 176.58 |
| 31-Mar-23 | 825.48 | 1,171.46 | 90.64 | 10.41 | 314.51 | 36.11 | 219.96 | 250.37 |
Objective of IPO Issue
- 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 Basic Details
| IPO Date | Aug 24, 2023 to Aug 28, 2023 |
| Listing Date | Tuesday, September 5, 2023 |
| Face Value | ₹10 per share |
| Price | ₹94 to ₹99 per share |
| Lot Size | 150 Shares |
| Issue Size | 31,200,000 shares of ₹10 (aggregating up to ₹308.88 Cr) |
| Fresh Issue | 31,200,000 shares of ₹10 (aggregating up to ₹308.88 Cr) |
| Employee Discount | ₹9 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 93,444,000 |
| Share holding post issue | 124,644,000 |
| Company Promoters | Vishnu Prakash Punglia, Manohar Lal Punglia, Sanjay Kumar Punglia, Kamal Kishor Pungalia And Ajay Pungalia |
Vishnu Prakash R Punglia IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Vishnu Prakash R Punglia IPO Timetable
Vishnu Prakash R Punglia IPO will open on August 24, 2023 and close on August 28, 2023. You can join Vishnu Prakash R Punglia IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 24 August 2023 (Thursday) |
| Closing Date | 28 August 2023 (Monday) |
| Basis of Allotment | 31 August 2023 (Thursday) |
| Initiation of Refunds | 1 September 2023 (Friday) |
| Credit of Shares to Demat | 4 September 2023 (Monday) |
| Listing Date | 5 September 2023 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 28 August 2023 |
Vishnu Prakash R Punglia IPO Lot Size
For retail investors in Vishnu Prakash R Punglia IPO, 150 shares will come in 1 lot or the minimum investment will be ₹14,850. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹193,050.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 150 | ₹14,850 |
| Retail (Max) | 13 | 1,950 | ₹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 |
Vishnu Prakash IPO Promoter Holding
The company’s promoters include Vishnu Prakash Punglia, Manohar Lal Punglia, Sanjay Kumar Punglia, Kamal Kishor Pungalia And Ajay Pungalia.
| Pre Issue Share Holding | 90.45% |
| Post Issue Share Holding | – |
Vishnu Prakash R Punglia Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 1234 |
| Earning Per Share (EPS) | ₹10.41 per Equity Share |
| Net Asset Value (NAV) | ₹36.11 per Equity Share |
| P/E Ratio (P/E) (x) | Coming Soon |
| Return on Net Worth (RoNW) (%) | 38.31 |
| Return on equity (ROE) (%) | 38.31 |
| Return on Capital Employed (ROCE) (%) | 33.72 |
| Debt/Equity Ratio | 0.80 |
Vishnu Prakash IPO Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Vishnu Prakash R Punglia Limited | Consolidated | 10.00 | 10.41 | 38.31 | 36.11 | |
| Peer Group | ||||||
| PNC Infratech Limited | Consolidated | 2.00 | 25.67 | 13.48 | 16.64 | 167.03 |
| H.G. Infra Engineering Limited | Consolidated | 10.00 | 75.68 | 12.56 | 29.38 | 294.90 |
| NCC Limited | Consolidated | 2.00 | 9.77 | 16.24 | 10.98 | 98.22 |
| Rail Vikas Nigam Ltd | Consolidated | 10.00 | 6.81 | 18.22 | 20.70 | 35.13 |
| ITD Cementation India Limited | Consolidated | 1.00 | 7.23 | 25.62 | 10.53 | 72.04 |
P/E Ratio has been computed based on the closing market price of equity shares on NSE on
July 31, 2023, divided by the Diluted EPS.
Vishnu Prakash IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 1 September 2023 | ₹54 | – | – |
| 31 August 2023 | ₹54 | – | – |
| 30 August 2023 | ₹54 | – | – |
| 29 August 2023 | ₹54 | – | – |
| 28 August 2023 | ₹54 | – | – |
| 27 August 2023 | ₹54 | – | – |
| 26 August 2023 | ₹54 | – | – |
| 25 August 2023 | ₹54 | – | – |
| 24 August 2023 | ₹55 | – | – |
| 23 August 2023 | ₹55 | – | – |
| 22 August 2023 | ₹44 | – | – |
| 21 August 2023 | ₹44 | – | – |
| 20 August 2023 | ₹44 | – | – |
| 19 August 2023 | ₹0 | – | – |
Vishnu Prakash IPO Detail Video:
Vishnu Prakash IPO Subscription Status (Bidding Detail)
The Vishnu Prakash IPO on August 28, 2023 at 7:30:00 PM was subscribed 87.82 times, with the retail category being subscribed 32.01 times, the NII (Non-Institutional Investor) category being subscribed 111.03 times, QIB (Qualified-Institutional Buyers) category being subscribed 171.69 times.
| Category | Subscription |
| QIB | 171.69x |
| NII | 111.03x |
| Retail | 32.01x |
| Employee | 12.97x |
| Total | 87.82x |
Vishnu Prakash IPO Prospectus
| Vishnu Prakash R Punglia IPO DRHP | Download |
| Vishnu Prakash R Punglia IPO RHP | Download |
| Vishnu Prakash R Punglia IPO Anchor Investors Details PDF | Download |
Vishnu Prakash IPO Rating
| Our Rating | 3.0/5.0 |
Vishnu Prakash Company Contact Information
Vishnu Prakash R Punglia Limited
Registered Office: 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
Tel: +91 22 40164020
Corporate Office: B-31/32, Second Floor, Industrial Estate,
New Power House Road, Jodhpur- 342003, Rajasthan, India
Tel: +91 291 243 4396
Contact Person: Neha Matnani, Company Secretary and Compliance Officer
Tel: +91 8058053700
Email: compliance@vprp.co.in
Website: https://www.vprp.co.in
Corporate Identity Number: U45203MH2013PLC243252
Our Promoters: Vishnu Prakash Punglia, Manohar Lal Punglia, Sanjay Kumar Punglia, Kamal Kishor Pungalia And Ajay Pungalia
Vishnu Prakash IPO Registrar
Link Intime India Private Limited
Registered Office: C- 101, 1st Floor, 247 Park, L.B.S Marg, Vikhroli (West),
Mumbai – 400083, Maharashtra, India
Telephone: +91 22 8108114949
Fax: +91 22 49186060
Email: vishnuprakashrpunglia.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration Number: INR000004058
Vishnu Prakash IPO Lead Manager
Choice Capital Advisors Private Limited
Registered Office: Sunil Patodia Tower, Plot No. 156-158, J.B. Nagar, Andheri (East),
Mumbai, 400099, Maharashtra India
Telephone: +91 22 67079999 (Extension 7919)
Email: vprp.ipo@choiceindia.com
Website: choiceindia.com/merchant-investment-banking
Contact Person: Ratiraj Tibrewal / Nimisha Joshi
SEBI Registration Number: INM000011872
Pantomath Capital Advisors Private Limited
Registered Office: Pantomath Nucleus House, Sakivihar Road, Andheri East,
Mumbai – 400072 Maharashtra, India.
Telephone: +91 22 61946700,
Email and Investor Grievance Id: ipo@pantomathgroup.com
Website: www.pantomathgroup.com
Contact Person: Bharti Ranga / Punam Thadeshwar
SEBI Registration No: INM000012110
Vishnu Prakash IPO FAQs
What is the lot size of Vishnu Prakash IPO?
The total size of Vishnu Prakash IPO is ₹308.88 crores and this is a complete fresh Issue.
When will Vishnu Prakash IPO start?
Vishnu Prakash IPO will open from 24 August 2023 and IPO will close on 28 August 2023.
What is the open date of Vishnu Prakash R Punglia IPO?
Vishnu Prakash R Punglia IPO will open date from 24 August 2023.
What is the last date ( close date ) of Vishnu Prakash R Punglia IPO?
Vishnu Prakash R Punglia IPO will close from 28 August 2023.
What is the price band of Vishnu Prakash R Punglia IPO?
Vishnu Prakash R Punglia IPO price band is ₹94 to ₹99. ( Upper Price Band: ₹99, Lower Price Band: ₹94 )
What is the minimum amount required to apply for Vishnu Prakash R Punglia IPO?
The minimum investment for retailers to apply for Vishnu Prakash R Punglia IPO is ₹14,850 and the maximum investment is ₹193,050.
What is going on gray market premium of Vishnu Prakash R Punglia IPO?
View gray market premium of Vishnu Prakash R Punglia IPO by Clicking Here
How much is the GMP of Vishnu Prakash R Punglia IPO?
Watch Vishnu Prakash R Punglia IPO GMP Today: Click Here
What is the allotment date of Vishnu Prakash R Punglia IPO?
The allotment date of Vishnu Prakash R Punglia IPO is 31 August 2023.
How to check allotment status in Vishnu Prakash R Punglia IPO?
To check the allotment status of Vishnu Prakash R Punglia IPO, first of all go to the registrar website by clicking here, select your bad Vishnu Prakash R Punglia IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Vishnu Prakash R Punglia IPO?
The listing date of Vishnu Prakash R Punglia IPO is 5 September 2023.
How much will be the listing gain in Vishnu Prakash R Punglia IPO?
View listing gain of Vishnu Prakash R Punglia IPO by Clicking Here
How much time Vishnu Prakash R Punglia IPO is subscribed?
Total 87.82 times subscribed in Vishnu Prakash R Punglia IPO out of which 32.01 times subscription was done in retail quota, 111.03 times subscription in NII quota and 171.69 times subscription in QIB quota.
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How to apply for Vishnu Prakash R Punglia IPO from Zerodha?
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