What is the issue size of Vishnu Prakash R Punglia IPO?

The issue size of the Vishnu Prakash R Punglia IPO is Rs 308.88 cr.

What is 'pre-apply' for Vishnu Prakash R Punglia IPO?

Pre-apply will alow you to apply for the Vishnu Prakash R Punglia IPO 2 days before the subscription period starts.

If I pre-apply for Vishnu Prakash R Punglia IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Vishnu Prakash R Punglia IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Vishnu Prakash R Punglia IPO order is placed?

We will notify you when your Vishnu Prakash R Punglia IPO order is placed with the exchange.

What are the open and close dates of the for Vishnu Prakash R Punglia IPO?

Vishnu Prakash R Punglia IPO will be open between 24 August - 28 August, 2023.

What is the lot size and minimum order quantity of the Vishnu Prakash R Punglia IPO?

Vishnu Prakash R Punglia Limited IPO lot size is 150 shares.

What are the allotment dates for the Vishnu Prakash R Punglia IPO?

Vishnu Prakash R Punglia IPO allotment date is 31 August, 2023. For Vishnu Prakash R Punglia IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Vishnu Prakash R Punglia IPO?

Vishnu Prakash R Punglia IPO registrar is Link Intime India Private Ltd. You can check Vishnu Prakash R Punglia IPO allotment status on the website of the registrar.

Where is the Vishnu Prakash R Punglia IPO getting listed?

The shares are proposed to be listed on BSE and NSE.

Vishnu Prakash R Punglia IPO

Vishnu Prakash R Punglia Limited

₹14,100 /150 sharesMinimum Investment

Vishnu Prakash R Punglia IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE & NSE₹99.00₹163.00₹64.00 (64.65%)
Vishnu Prakash R Punglia IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
24 Aug ‘23 - 28 Aug ‘23₹14,100150₹94 - ₹99
Issue SizeIPO Doc
308.88CrRHP PDF
Subscription Status As on 28 Aug '23, 5:00 PMQualified Institutional Buyers
171.69x
Non-Institutional Investor
111.02x
Retail Individual Investor
31.96x
Employees
12.93x
Total
87.79x
About Vishnu Prakash R PungliaVishnu Prakash R Punglia is an integrated engineering, procurement, and construction (EPC) company with a strong track record in designing and building diverse infrastructure projects. These projects cater to governmental bodies at both central and state levels and autonomous and private entities, spanning 9 States and 1 Union territory within India. The company primarily focuses on four key business segments: water supply projects (WSP), railway projects, road projects, and irrigation network projects.
The company specializes in EPC-based projects, offering the flexibility of including operation and maintenance services (O&M) as needed. Their comprehensive services encompass detailed project engineering, essential material procurement, and on-site execution. They manage the entire project lifecycle, leading up to successful project commissioning. Moreover, the company operates and maintains projects per their contractual agreements' terms.;
Parent Organisation
Vishnu Prakash R Punglia Limited
Founded
1986
Managing Director
Mr. Manohar Lal Punglia
Strengths & Risks
Vishnu Prakash R Punglia has extensive experience in successfully executing water supply projects involving the construction and development of various vital infrastructures. To date, the company has completed more than 75 WSPs.
The company has executed WSPs for multiple states, including Rajasthan, Uttar Pradesh, Manipur, Uttarakhand, Gujarat, Assam, and Haryana, as of July 15, 2023. 
As of July 15, 2023, ongoing projects amounting to Rs. 6183.58 crores are in progress. Among these, work worth Rs. 2384.05 crores has already been executed.
Over the years, the company has been actively involved in a wide spectrum of infrastructure projects commissioned by various departments of both Central and State Governments, spanning diverse locations and sectors.
The company has consistently secured multiple projects from the same clients, including 19 new projects from the Public Health Engineering Department (PHED) in Rajasthan over the past two years.
As of March 31, 2023, the company's fleet comprises approximately 499 construction equipment and vehicles. 
The combined gross block value of the company's property, plant, and equipment stands at Rs. 136.12 crores.
The company has significantly enhanced its project execution capacity over time. In 2021, they secured a WSP from PHED in Manipur, valued at Rs. 433.29 crores. It's a substantial increase compared to a previous partnership project with PHED in Rajasthan back in 2002, which was worth Rs. 1.98 crores.
The company faces potential risks from ongoing litigation. If decided unfavorably, these could negatively affect its business.
The company primarily operates in Rajasthan. Any issues in this region could adversely affect its business.
Most of the company's projects fall under the water supply projects category. Focusing heavily on this segment brings business concentration risk, which could harm its financial condition and operational outcomes.
The company's free operating cash flow to debt ratio has been negative as of March 31, 2023, and March 31, 2022. If the company accumulates debt without generating sufficient free cash flows, it could negatively impact its financial condition.
There are potential liabilities that the company might face, and if these liabilities come to fruition, they could have adverse effects on its financial condition and profitability.
The company has taken an unsecured loan of Rs. 84.47 crores, which is repayable on demand. 
The company relies on sub-contractors to carry out certain parts of its awarded contracts, exposing it to sub-contractor availability and performance risks.
The company also faces civil writ petitions in conjunction with Military Engineering Services. 
Instances of delayed Goods and Service Tax (GST) returns and Provident Fund dues payments have been noted in the past. 
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹94 - 99₹2 Lakh
Employee₹85 - 90₹2 Lakh
High Networth Individual₹94 - 99₹2 - 5 Lakh
For Vishnu Prakash R Punglia IPO, eligible investors can apply as Regular & Employee.

Listed On	Issue Price	Listing Price	Listing Gains
BSE & NSE	₹99.00	₹163.00	₹64.00 (64.65%)

Bidding Dates	Min. Investment	Lot Size	Price Range
24 Aug ‘23 - 28 Aug ‘23	₹14,100	150	₹94 - ₹99

Issue Size	IPO Doc
308.88Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹94 - 99	₹2 Lakh
Employee	₹85 - 90	₹2 Lakh
High Networth Individual	₹94 - 99	₹2 - 5 Lakh

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