Vishnu Prakash R Punglia Limited IPO : Company Info.

Vishnu Prakash R Punglia Limited IPO is set to launch on 24 August, 2023. The company initiated its business operations in 1986. It is involved in construction, designing of infrastructure projects for Autonomous bodies, State and central government, private bodies etc. Its business has 4 different categories. They are Water Supply Projects, Road projects, Railway Projects, Irrigation Network Projects. It has worked with various government bodies till date like Jodhpur Resource Development, Military Engineering Services of Jaipur, Roads and Building Development of Gujarat, PWD of Chattisgarh etc.

Vishnu Prakash R Punglia Limited IPO DETAILS

Vishnu Prakash R Punglia Limited IPO is set to launch on 24 August, 2023. The subscription timeline extends till 28 August, 2023. The size for the IPO is 308.88 Crore Rs. Shares issued through fresh issue mode are worth 308.88 Crore Rs. No shares are issued through offer for sale mode. The lot size is 150 shares and the price is 94 to 99 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited.

Tabular Description of Vishnu Prakash R Punglia Limited IPO

IPO OPENING DATE	24 August, 2023
CLOSING DATE FOR IPO	28 August, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	94 Rs. to 99 Rs. per share
LOT SIZE	150 shares
MINIMUM ORDER QUANTITY	150 shares
ISSUE SIZE	308.88 Crore Rs.
OFFER FOR SALE	No shares are issued through OFS mode
FRESH ISSUE	308.88 Crore Rs.
LISTING AT	NSE, BSE
LISTING DATE	5 September, 2023

Vishnu Prakash R Punglia Limited IPO : IMPORTANT DATES

IPO OPENING DATE	24 August, 2023
CLOSING DATE FOR IPO	28 August, 2023
IPO ALLOTMENT DATE	31 August, 2023
REFUNDS	1 September, 2023
DEMAT A/C CREDITED ON	4 September, 2023
IPO LISTING DATE	5 September, 2023

Vishnu Prakash R Punglia Limited IPO begins for subscription from 24 August, 2023. The IPO subscription would continue till 28 August, 2023. The allotment status for the shareholders who applied would come on 31 August, 2023. The refunds for the ones who did not get allotment would be initiated on 1 September, 2023. The DEMAT accounts of shareholders would be credited on 4 September, 2023. The listing of the company would be completed on 5 September, 2023.

Vishnu Prakash R Punglia Limited IPO : Lead Managers

The lead managers are :

• Pantomath Capital Advisors Private Limited
• Choice Capital Advisors Private Limited

The minimum lot size for the company is decided at 150 shares. This holding accounts to 14850 Rs.. The maximum lot size is decided at 1950 shares. This amounts to 193050 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	150 shares	14850 Rs.
Maximum	1950 shares	193050Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• The money will be used for repayment of borrowings and for expansion purposes.

COMPANY FINANCIALS

Particularly (in Crore Rs.)	2020-21	2021-22	2022-23
ASSETS	331	497	825
Revenue	487	787	1171
PAT	18	44	90

Vishnu Prakash R Punglia Limited had an asset base of 331 Crore Rs in the year 2021 which increased to 497 Crore Rs in 2022 and 825 Crore Rs in the year 2023. The revenue of the firm was 487 Crore Rs in 2021 which increased to 787 Crore Rs in 2022 and 1171 Crore Rs in 2023. The profit of the firm has increased by 5 times in the last 3 years. The profit was around 15 Crore Rs in the year 2021 which became 44 Crore Rs in 2022 and 90 Crore Rs in the year 2023.

PROS

• Its business has 4 different categories. They are Water Supply Projects, Road projects, Railway Projects, Irrigation Network Projects.
• It has worked with various government bodies till date like Jodhpur Resource Development, Military Engineering Services of Jaipur, Roads and Building Development of Gujarat, PWD of Chattisgarh etc.

CONS

• The company works in a highly competitive segment.

Vishnu Prakash R Punglia Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Vishnu Prakash R Punglia Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.