VISHNU PRAKASH R PUNGLIA LIMITED
₹ 94 - ₹ 99
24-Aug-2023 - 28-Aug-2023
₹ 14850.00

/ 150 Shares

VISHNU PRAKASH R PUNGLIA LIMITED

24-Aug-2023 - 28-Aug-2023

₹ 94 - ₹ 99

Price Band

₹ 14850.00

Minimum Investment

150

Bid Lot

30,900,000

Shares

IPO Details

Fresh Issue of 31,200,000 Equity Shares

Category % Shares/Amount
QIB 50% 15,450,000 Shares Rs.152.96 Cr
HNI 1 5% 1,545,000 Shares Rs. 15.30 Cr @ 736 Form 1x
HNI 2 10% 3,090,000 Shares Rs. 107.07 @ 1471 Form 1x
Retail 35% 10,815,000 Shares Rs. 107.07 Cr @ 72100 Form 1x

Choice Capital Advisors, Pantomath Capital Advisors

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
72100 Form 1x 736 Form 1x 1471 Form 1x

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 150 ₹ 14,850
Retail (Upto 2 Lakh) 13 1950 ₹ 193,050
S-HNI (2 Lakh to 10 Lakh) 14 2100 ₹ 207,900
S-HNI (2 Lakh to 10 Lakh) 67 10050 ₹ 994,950
B-HNI (Above 10 Lakh) 68 10200 ₹ 1,009,800

IPO Timeline

  • Open Date

    24-Aug-2023

  • Close Date

    28-Aug-2023

  • Basis of Allotment Date

    31-Aug-2023

  • Initiation of Refunds

    01-Sep-2023

  • Credit Shares to Demat A/c

    04-Sep-2023

  • IPO Listing Date

    05-Sep-2023

Subscription as on
28-Aug-2023 16:42

Category Book Size Subscription No. of Times
QIB 6,180,000 ₹ 61.18 Cr. 1,061,059,500 ₹ 10504.49 Cr. 171.69x
HNI (<10 LAKH) 1,545,000 ₹ 15.30 Cr. 168,260,250 ₹ 1665.78 Cr. 108.91x
HNI2 (>10 LAKH) 3,090,000 ₹ 30.59 Cr. 346,138,350 ₹ 3426.77 Cr. 112.02x
RETAIL 10,815,000 ₹ 107.07 Cr. 343,452,300 ₹ 3400.18 Cr. 31.76x
Total 21,630,000 1,918,910,400 88.72x
Category Book Size Subscription No. of Times
QIB 6,180,000 ₹ 61.18 Cr. 1,061,059,500 ₹ 10504.49 Cr. 171.69x
HNI (<10 LAKH) 1,545,000 ₹ 15.30 Cr. 168,260,250 ₹ 1665.78 Cr. 108.91x
HNI2 (>10 LAKH) 3,090,000 ₹ 30.59 Cr. 346,138,350 ₹ 3426.77 Cr. 112.02x
RETAIL 10,815,000 ₹ 107.07 Cr. 343,452,300 ₹ 3400.18 Cr. 31.76x
Total 21,630,000 1,918,910,400 88.72x

*Excluding Anchor

Total No. of Application Approx : ~2008558 (27.86 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • Vishnu Prakash R Punglia Limited (VPRPL”) was incorporated on August 14, 1986.  VPRPL 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. 
  • Company’s principal business operations are broadly divided into 4 categories: (i) Water Supply Projects (“WSP”); (ii) Railway Projects; (iii) Road Projects and (iv) Irrigation Network Projects. 
  • VPRPL 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’), Rajasthan, Public Works Department, Chhattisgarh (Class A), Public Works Department, Rajasthan (Class AA), Public Works Department, Madhya Pradesh, Bhopal (Civil works), pursuant to which they are also eligible to participate and undertake projects awarded by various other departments and agencies. 
  • The company undertakes projects on EPC basis, with or without operation and maintenance services (“O&M”). The scope of their services includes detailed engineering of the project, procurement of key materials, and project execution at the sites with overall project management up to the commissioning of these projects. In addition, they also undertake operation and maintenance of projects in accordance with their contractual arrangements.  
  • As on July 15, 2023, VPRPL has 51 on-going projects with total work awarded amounting to ?6,183.58 crore, of which ?2,384.05 crore worth of work has been executed and the remaining work amounting to ?3,799.53 crore constitutes the Order Book.  
  •  As on March 31, 2023, their equipment fleet comprised about 499 construction equipment and vehicles. Further, as on March 31, 2023, the aggregate gross block value of the company’s property, plant and equipment was ? 136.12 crore.
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Strengths

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.

Key Business Strategies 

  • Geographical diversification ;
  • Continued focus on the WSP business;
  • Pursuing other segments;
  • Focus on high value contracts and investment in latest equipment;
  • Increase competitiveness through quality execution, cost reduction and continuous training of manpower;
  • Leverage core competencies with enhanced in-house integration.

Company Promoters

Vishnu Prakash Punglia is the Promoter, Chairman and Whole-time Director of the company. Manohar Lal Punglia is the Promoter and Managing Director of the company. Sanjay Kumar Punglia is the Promoter and Chief Executive Officer and Whole-time Director of the company. Kamal Kishore Pungalia is the Promoter and Whole-time Director of the company. Ajay Pungalia is the Promoter and Whole-time Director of the company. Krishna Murari Lal Mathur is an Independent Director of the company. Uttam Ch

Company Financials

Vishnu Prakash R Punglia IPO Financial Information (Restated Standalone)
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

Amount in ? Crore

Objects of the Issue

The proceeds from the issue will be used for the following objects:

  1. Funding capital expenditure requirements for the purchase of equipment/machinery.
  2. Funding the working capital requirements of the company.
  3. General corporate purposes.

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

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