21-Aug-2023
2 mins read
Vishnu Prakash R Punglia, an infrastructure company, is set to launch its initial public offering on Aug 24. The offering will have an equity share price range of Rs 94-99 per share. The public offering consists of 3.12 crore equity shares, all of which are newly issued by the company. The public issue consists of a reservation of 3 lakh equity shares for its employees, who will get shares at a discount of Rs 9 per share to the final offer price. The engineering, procurement, and construction company based in Rajasthan plans to raise Rs 308.88 crore through the public offering, assuming the higher end of the price band.
Vishnu Prakash R Punglia Limited Company Profile
Founded in 1986, Vishnu Prakash R Punglia Limited operates within the domain of designing and building infrastructure ventures for both the Central and State Governments, as well as autonomous and private entities. Their scope of operations extends across 9 States and 1 Union territory within India.
The primary business activities of the company are categorised into four main segments:
(i) Water Supply Projects (“WSP”)
(ii) Railway Projects
(iii) Road Projects
(iv) Irrigation Network Projects
VPRP holds accreditation from multiple departments and agencies as a contractor. These include:
- 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’)
- 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”) in Manipur, valued at Rs 4332.90 million. This is a substantial increase compared to a previous WSP contract awarded to VPRP (as a partnership firm) by PHED in Rajasthan back in 2002, which was worth Rs 19.80 million.
Financials of Vishnu Prakash R Punglia Limited IPO (In Rs Crore)
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 331.05 | 497.81 | 825.48 |
| Revenue | 487.67 | 787.39 | 1,171.46 |
| Profit After Tax | 18.98 | 44.85 | 90.64 |
| Net Worth | 113.61 | 158.69 | 314.51 |
| Reserves and Surplus | 85.24 | 130.11 | 219.96 |
| Total Borrowing | 110.78 | 176.58 | 250.37 |
Important Dates for Vishnu Prakash R Punglia Limited IPO
| IPO Date | Aug 24, 2023 to Aug 28, 2023 |
| Listing Date | Tuesday, 5 September 2023 |
| Face Value | Rs 10 per share |
| Price | Rs 94 to Rs 99 per share |
| Lot Size | 150 Shares |
| Total Issue Size | 31,200,000 shares |
| Fresh Issue | 31,200,000 shares |
| Employee Discount | Rs 9 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre-issue | 93,444,000 |
| Shareholding post issue | 124,644,000 |
Objectives of the Vishnu Prakash R Punglia Limited IPO
The funds generated from the offering will be allocated for the following purposes:
- Financing capital expenditures needed for the acquisition of equipment and machinery.
- Catering to the working capital needs of the company.
- Serving general corporate objectives.
Promoters of Vishnu Prakash R Punglia Limited IPO
Promoters of Vishnu Prakash R Punglia Limited are Vishnu Prakash Punglia, Manohar Lal Punglia, Sanjay Kumar Punglia, Kamal Kishor Pungalia, Ajay Pungalia
Lead Managers of The Vishnu Prakash R Punglia Limited IPO
The lead managers of Vishnu Prakash R Punglia Limited are Choice Capital Advisors Pvt Ltd and Pantomath Capital Advisors Pvt Ltd.
How to Apply for The Vishnu Prakash R Punglia Limited IPO?
Wait for the public issue to open for subscription, then click on this link to apply for the Vishnu Prakash R Punglia Limited IPO with Bigul https://ipo.bonanzaonline.com/.
FAQ –
- When is the IPO of Vishnu Prakash R Punglia Limited scheduled?
The IPO is set to take place from Aug 24 to Aug 28, 2023.
- What is the price range for the IPO shares?
The shares are priced in the range of Rs 94 to Rs 99 per share.
- How many shares are being offered in the IPO?
The IPO consists of 31,200,000 newly issued equity shares.
- What is the lot size for the IPO shares?
The lot size for the IPO shares is 150 shares.
- When will the listing of the IPO shares happen?
The listing of the IPO shares is scheduled for Tuesday, Sept 5, 2023.
- Who are the promoters of Vishnu Prakash R Punglia Limited?
The promoters of the company are Vishnu Prakash Punglia, Manohar Lal Punglia,
Sanjay Kumar Punglia, Kamal Kishor Pungalia, and Ajay Pungalia.
- Who are the lead managers of the Vishnu Prakash R Punglia Limited IPO?
The lead managers for the IPO are Choice Capital Advisors Pvt Ltd and Pantomath Capital Advisors Pvt Ltd.