Vishnu Prakash R Punglia Limited is an integrated engineering, procurement and construction (EPC) player 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. The company is an ISO 9001:2015 certified.
Vishnu Prakash R Punglia business operations are broadly divided into four categories:
- Water Supply Projects (“WSP”);
- Railway Projects;
- Road Projects and
- Irrigation Network Projects.
The company has design and engineering, procurement, project management and quality management teams alongwith fleet of four hundred and ninety nine (499) construction equipment and vehicles. These inhouse teams help the company in timely turnaround by reducing dependency on third parties.
The company undertakes projects on EPC basis, with or without operation and maintenance services (O&M). In addition, Vishnu Prakash R Punglia also undertakes operation and maintenance of projects in accordance with its contractual arrangements.
Vishnu Prakash R Punglia IPO – Details
| IPO Opening Date | 24 August 2023 |
| IPO Closing Date | 28 August 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3,12,00,000 Shares Worth ₹308.88 Crore Fresh Issue: 3,12,00,000 Shares Worth ₹308.88 Crore |
| Employee Reservation Quota | 3,00,000 Shares Worth ₹2.7 crore |
| Employee Discount | ₹9 Per Share |
| Face Value | ₹10 per equity share |
| IPO Price | ₹94 – ₹99 |
| Market Lot | 150 Shares |
| Min Order | 150 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Vishnu Prakash R Punglia IPO – Date Schedule
| IPO Open Date | 24 August 2023 |
| IPO Close Date | 28 August 2023 |
| Basis of Allotment Date | 31 August 2023 |
| Initiation of Refunds | 01 September 2023 |
| Credit of Shares to Demat Account | 04 September 2023 |
| IPO Listing Date | 05 September 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on 28 August 2023 |
Vishnu Prakash R Punglia IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | 14,850 |
| Retail (Max) | 13 | 1,950 | 1,93,050 |
| S-HNI (Min) | 14 | 2,100 | 2,07,900 |
| S-HNI (Max) | 67 | 10,050 | 9,94,950 |
| B-HNI (Min) | 68 | 10,200 | 10,09,800 |
Competitive Strengths
- The company is a focused player in Water Supply Projects (WSPs) and has executed more than seventy five (75)* WSPs till the date of 17 August 2023. Also, the company has thirty-eight (38) WSPs under execution as on the date of 17 August 2023;
- Over the period, the company has established a client base of various departments of the Central and State Governments. Vishnu Prakash R Punglia has on-going projects in 9 States and 1 Union territory;
- The company has developed a track record of successful completion of its projects having executed more than eighty five (85)* projects till the date of 17 August 2023. As on July 15, 2023, the company has fifty-one (51) on-going projects forming part of its Order Book;
- The company’s Promoters has over thirty-six (36) years of experience in the construction industry who are supported by a strong management team with experience in the EPC sector and a proven track record of performance.
Company Promoters
- Vishnu Prakash Punglia
- Manohar Lal Punglia
- Sanjay Kumar Punglia
- Kamal Kishor Pungalia
- Ajay Pungalia
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 487.67 | 461.99 | 18.98 | 110.78 |
| 31 March 2022 | 787.38 | 727.00 | 44.84 | 176.57 |
| 31 March 2023 | 1171.46 | 1049.02 | 90.64 | 250.37 |
Key Performance Indicator
| KPI | Values |
|---|---|
| Market Cap (₹ Cr.) | 1234 |
| ROCE | 33.72 |
| Debt/Equity | 0.8 |
| EPS (Rs) | 10.41 |
| RoNW | 38.31 |
Object Of The Issue
- To purchase Capital Equipment.
- Funding the working capital requirements of the Company.
- General corporate purposes.
Vishnu Prakash R Punglia IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | PNC Infratech Ltd | 13.48 |
| 2 | 10 | H.G. Infra Engineering Ltd | 12.56 |
| 3 | 2 | NCC Limited | 16.24 |
| 4 | 10 | Rail Vikas Nigam Ltd | 18.22 |
| 5 | 1 | ITD Cementation India Ltd | 25.62 |
Vishnu Prakash R Punglia IPO Promoter Holding
| Pre Issue Share Holding | 90.45% |
| Post Issue Share Holding | 67.81% |
Vishnu Prakash R Punglia IPO Prospectus
Company Contact Information
| Vishnu Prakash R Punglia Limited 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 Phone: +91 8058053700 Email: compliance@vprp.co.in Website: www.vprp.co.in |
Vishnu Prakash R Punglia IPO Registrar
| Link Intime India Private Ltd Phone: +91 810 811 4949 Email: vishnuprakashrpunglia.ipo@linkintime.co.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
Vishnu Prakash R Punglia IPO Lead Manager(s)
| 1. Pantomath Capital Advisors Private Limited 2. Choice Capital Advisors Private Limited |
Vishnu Prakash R Punglia IPO FAQs
| What is Vishnu Prakash R Punglia IPO? Vishnu Prakash R Punglia IPO is a main-board IPO. The issue is priced at ₹94 to ₹99 per equity share. The IPO is to be listed on BSE & NSE. |
| When Vishnu Prakash R Punglia IPO will open? The IPO is to open on 24 August 2023 for QIB, NII, and Retail Investors. |
| What is Vishnu Prakash R Punglia IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Vishnu Prakash R Punglia IPO? You can apply Vishnu Prakash R Punglia IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Vishnu Prakash R Punglia IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Vishnu Prakash R Punglia”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Vishnu Prakash R Punglia IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Vishnu Prakash R Punglia”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Vishnu Prakash R Punglia IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Vishnu Prakash R Punglia”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Vishnu Prakash R Punglia IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Vishnu Prakash R Punglia”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Vishnu Prakash R Punglia IPO Size? Vishnu Prakash R Punglia IPO size is ₹308.08 Crore. |
| What is Vishnu Prakash R Punglia IPO Price Band? Vishnu Prakash R Punglia IPO Price Band is ₹94 to ₹99. |
| What is Vishnu Prakash R Punglia IPO Minimum and Maximum Lot Size? The minimum bid is 150 Shares with ₹14,850 amount while the maximum bid is 1950 shares with ₹1,93,050. |
| What is the Vishnu Prakash R Punglia IPO Allotment Date? Vishnu Prakash R Punglia IPO allotment date is 31 August 2023. |
| What is the Vishnu Prakash R Punglia IPO Listing Date? Vishnu Prakash R Punglia IPO listing date is 05 September 2023. The IPO is to list on BSE and NSE. |
