• By Goodwill
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  • August 24, 2023

IPO : Vishnu Prakash R Punglia Limited

 SYMBOL                                              :                                      VPRPL
 ISSUE TYPE                                        :                                      Book Built Issue IPO
 ISSUE OPENS ON                              :                                       August 24, 2023 (Thursday)
 ISSUE CLOSES ON                            :                                       August 28, 2023 (Monday)
 ISSUE PRICE                                      :                                       Rs.94 To Rs.99 per share
 ISSUE SIZE                                         :                                       Up to Rs.308.88 Crores
 FACE VALUE                                       :                                       Rs.10 per share

Incorporated in 1986, Vishnu Prakash R Punglia Limited is engaged in the business of designing and constructing infrastructure projects for the Central and State Governments, autonomous bodies, and private bodies across 9 States and 1 Union territory in India.

The company’s principal business operations are broadly divided into four categories:

(i) Water Supply Projects (“WSP”); (ii) Railway Projects; (iii) Road Projects and (iv) Irrigation Network Projects.

 MINIMUM BID                                       :                                     150 shares
 MINIMUM AMOUNT                              :                                     Rs.14,850
 MAXIMUM BID                                      :                                     1950 shares
 MAXIMUM AMOUNT                             :                                     Rs.1,93,050
 PROMOTER HOLDING                        :                                      67.81% (Post-issue)
 LISTING DATE                                      :                                      September 04,2023 (Tuesday)
 LISTING AT                                           :                                      BSE-NSE

VPRP has been accredited with various registrations as a contractor with various departments and agencies viz. 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’), Rajasthan, Public Works Department, Chhattisgarh (Class A), Public Works Department, Rajasthan (Class AA), Public Works Department, Madhya Pradesh, Bhopal (Civil works).

In 2021 VPRP was awarded a WSP by the Public Health Engineering Department (“PHED”), Manipur worth ₹4332.90 million as against a WSP awarded to it (as a partnership firm) by PHED, Rajasthan in 2002 of ₹19.80 million.

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.

SMART IPO using UPI, you can now apply online
For Existing Clients : https://gudwil.in/IPO
Open an account :  https://gudwil.in/smart

Further any clarification, feel free to contact your Branch / Relationship Manager.

For all your investment needs feel free to reach us. Give us a missed call at 90037 90027. For Support: 044-40329999

Warm Regards,
Team Goodwill

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