Key Points of Vishnu Prakash R Punglia IPO:
- Vishnu Prakash R Punglia Ltd, a Jodhpur-based construction firm, has submitted draft papers to SEBI for an IPO to raise funds.
- The IPO will consist of a fresh issue of up to 31.20 million shares, with Choice Capital Advisors and Pantomath Capital Advisors serving as lead managers.
- The funds raised will be used to finance capital expenditures and working capital requirements.
- The company is an EPC firm with extensive experience designing and constructing infrastructure projects across nine states and one Union Territory in India.
- The company’s primary business operations are classified into four categories: Water Supply Projects, Railway Projects, Road Projects, and Irrigation Network Projects.
- The company’s revenue from operations surged in FY22, with net profit and EBITDA margin also increasing.
- The company has a total of 51 ongoing projects worth Rs 5,653.43 crore, with Water Supply Projects set to be executed across various Indian states.
Details of Vishnu Prakash R Punglia IPO:
Jodhpur-based construction firm, Vishnu Prakash R Punglia Ltd, has recently submitted draft papers to the Securities Exchange Board of India (SEBI) for an initial public offering (IPO) to raise funds. The IPO will comprise a fresh issue of up to 31.20 million shares, and the lead managers for the issue are Choice Capital Advisors and Pantomath Capital Advisors.
The funds raised from the IPO, which amount to Rs 58.64 crore, will be used to finance the capital expenditure requirements for the acquisition of equipment and machinery, and Rs 140 crore will be allocated to working capital requirements.
As an integrated engineering, procurement, and construction (EPC) firm, Vishnu Prakash R Punglia Ltd has extensive experience designing and constructing infrastructure projects for various entities such as Central and State Governments, autonomous bodies, and private organizations across nine Indian states and one Union Territory. Its primary business operations are classified into four categories: Water Supply Projects (WSP), Railway Projects, Road Projects, and Irrigation Network Projects.
In the financial year 2021-2022, the company’s revenue from operations surged to Rs 785.61 crore from Rs 485.73 crore in the previous year, while net profit rose to Rs 44.85 crore from Rs 18.98 crore. The EBITDA margin also improved from 9.7 percent to 11.26 percent.
As of December 31, 2022, Vishnu Prakash R Punglia Ltd had a total of 51 ongoing projects worth Rs 5,653.43 crore, of which Rs 1,816.81 crore had already been executed, and the remaining balance of Rs 3,836.62 crore is included in the order book. These projects involve Water Supply Projects (WSPs) set to be executed across various Indian states such as Rajasthan, Uttar Pradesh, Manipur, Uttarakhand, Gujarat, Assam, and Haryana.
With this IPO, Vishnu Prakash R Punglia Ltd aims to strengthen its market position and finance its expansion plans, while providing investors with an opportunity to participate in its growth story.
About Vishnu Prakash R Punglia:
Founded in 1986, Vishnu Prakash R Punglia is a rapidly expanding Infrastructure Development Company in India. The company has gained momentum by prioritizing customer satisfaction and reliability.
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