-- / 150 shares
IPO Details
Issue Date
--
Investment/lot
--
Price Range
99
Lot Size
150
IPO Size
₹ 308.88 Cr
IPO Listing Details
Listing On
5 Sep'23
Issue Price
--
Listed Price
₹ 165
Retail Gain/Listing Gain
▲66.67%
IPO Timeline
Company Background
Vishnu Prakash R Punglia Ltd was incorporated in 1986 to undertake designing and constructing infrastructure projects. Apart from autonomous bodies, the company implemented infrastructure projects for the Central and State Governments. It has an operational presence in 9 States and 1 Union territory in India. Its business verticals can be classified into 4 categories, viz. Water Supply Projects (WSP), Railway Projects, Road Projects, and Irrigation Network Projects. The company has accreditation with various government departments and agencies as a contractor, which facilitates the process of bidding for projects and getting a favourable outcome. Vishnu Prakash R Punglia Ltd is currently accredited by Jodhpur Development Authority, Public Health Engineering Department, Rajasthan, Water Resources Department, Rajasthan, Roads and Building Department, Gujarat, South Western Command, Military Engineering Services (MES) etc. The company has recently forayed into 3 additional related business verticals. Vishu Prakash R Punglia Ltd has ventured into the tunnel business with the government's thrust on infrastructure. The company drills and maintains tunnels for hydropower projects, railway passages, metro rail, roads, and highways in India. It looks to capture lucrative growth opportunities in the tunnel sector. The second foray is into warehousing projects, especially for storing food grains and other perishable materials. The company has executed several independent warehouse projects. Finally, Vishnu Prakash R Punglia Ltd has also forayed into sustainable sewerage projects. Sewerage projects are made sustainable, cost-effective, and low-maintenance. Vishu Prakash R Punglia Ltd also provides end-to-end wastewater management solutions.
Vishu Prakash R Punglia Ltd's public issue will be managed by Choice Capital Advisors Private Ltd and Pantomath Advisors Private Ltd as the book-running lead managers. For managing shareholder records, Link Intime India Private Ltd will be the registrar of the issue. With that, let us now go over the competitive strengths and risks factors for Divgi TorqTransfer Systems Limited:
Competitive Strengths
Risk Factors
- The company must adhere to project schedules under EPC contracts; delays could lead to liquidated damages or affect bank guarantees.
- With most businesses in Rajasthan, failure to mitigate concentration risk could hinder growth.
- An unsecured loan of $844.72 million, repayable on demand, could impact cash flow if repayment is required.
- Revenue dependency on a few clients means their loss could significantly affect earnings.
- The need for large working capital and potential additional debt could increase interest payments and restrictive covenants.
- Dependency on sub-contractors exposes the company to risks related to their availability and performance.
Key Strategies
Here are a few strategies Vishnu Prakash R Punglia Limited has for its business:
- Geographical diversification
- Continued focus on Water Supply Projects (WSP) business
- Focus on high-value contracts and investment in the latest equipment
- Increase competitiveness through quality execution, cost reduction and continuous training of manpower
- Leverage core competencies with enhanced in-house integration
Key Financials
And finally here’s a look at key financials of Vishnu Prakash R Punglia Limited.
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
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How to apply for an IPO using UPI
Kotak Securities
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How to apply for an IPO using UPI
Vishnu Prakash R Punglia Ltd IPO FAQs
When is Vishnu Prakash R Punglia Ltd IPO listing date?
Vishnu Prakash R Punglia Ltd will list on 2023-09-05.
What is the issue size of Vishnu Prakash R Punglia Ltd IPO?
308.88 is the issue size of Vishnu Prakash R Punglia Ltd IPO.
What is the price band of the Vishnu Prakash R Punglia Ltd IPO?
The price band of Vishnu Prakash R Punglia Ltd IPO is ₹99 to ₹0.
What is Vishnu Prakash R Punglia Limited IPO?
Vishnu Prakash R Punglia IPO is a main-board IPO of 31,200,000 equity shares of a face value of ₹10, aggregating up to ₹308.88 Crores. The issue is priced at ₹94 to ₹99 per share. The minimum order quantity is 150 Shares.
The IPO opens on August 24, 2023, and closes on August 28, 2023.
What are the allotment dates for Vishnu Prakash R Punglia Limited IPO?
The allotment date is August 31, 2023.
Who is the Registrar of Vishnu Prakash R Punglia Limited IPO?
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Where can I read more about Vishnu Prakash R Punglia Limited's business?
You can read more about Vishnu Prakash R Punglia Limited and its IPO from the company’s red herring prospectus (RHP) here: Vishnu Prakash R Punglia Limited RHP.
