IPO : Vishnu Prakash R Punglia Limited
Vishnu Prakash R Punglia Limited IPO
| 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.
Thank you for reading this post, don't forget to subscribe!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
- Funding capital expenditure requirements for the purchase of equipment/machinery.
- Funding the working capital requirements of the company.
- General corporate purposes.
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