Bookbuilding IPO | ₹309 Cr | Listed at BSE, NSE | Thu, Aug 24, 2023 - Mon, Aug 28, 2023
Vishnu Prakash R.Punglia IPO is a book build issue of ₹308.61 crores. The issue is entirely a fresh issue of 3.12 crore shares of ₹308.61 crore.
Vishnu Prakash R.Punglia IPO bidding started from Aug 24, 2023 and ended on Aug 28, 2023. The allotment for Vishnu Prakash R.Punglia IPO was finalized on Aug 31, 2023. The shares got listed on BSE, NSE on Sep 5, 2023.
Vishnu Prakash R.Punglia IPO price band is set at ₹99 per share. The lot size for an application is 150. The minimum amount of investment required by an retail is ₹14,850 (150 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,100 shares), amounting to ₹2,07,900, and for bNII, it is 68 lots (10,200 shares), amounting to ₹10,09,800.
The issue includes a reservation of up to 3,00,000 shares for employees offered at a discount of ₹9.00 to the issue price.
Choice Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Vishnu Prakash R.Punglia IPO RHP for detailed Information.
IPO Open
Thu, Aug 24, 2023
IPO Close
Mon, Aug 28, 2023
Issue Price
₹99 per share
Market Cap (Pre-IPO)
₹1,234.00 Cr
| IPO Date | 24 to 28 Aug, 2023 |
| Listed on | Tue, Sep 5, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹94 to ₹99 |
| Issue Price | ₹99 per share |
| Lot Size | 150 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹9.00 |
| Total Issue Size | 3,12,00,000 shares (agg. up to ₹309 Cr) |
| Fresh Issue | 3,12,00,000 shares (agg. up to ₹309 Cr) |
| Share Holding Post Issue | 12,46,44,000 shares |
| BSE Script Code / NSE Symbol | 543974 / VPRPL |
| ISIN | INE0AE001013 |
Vishnu Prakash R.Punglia IPO offers total 3,12,00,000 shares. Out of which 1,54,50,000 (49.52%) allocated to QIB, 61,80,000 (19.81%) allocated to QIB (Ex- Anchor), 46,35,000 (14.86%) allocated to NII 1,08,15,000 (34.66%) allocated to RII and 92,70,000 (29.71%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 1,54,50,000 (49.52%) | NA |
| − Anchor Investor Shares Offered | 92,70,000 (29.71%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 61,80,000 (19.81%) | NA |
| NII (HNI) Shares Offered | 46,35,000 (14.86%) | NA |
| − bNII > ₹10L | 30,90,000 (9.90%) | 1,471 |
| − sNII < ₹10L | 15,45,000 (4.95%) | 735 |
| Retail Shares Offered | 1,08,15,000 (34.66%) | 72,100 |
| Employee Shares Offered | 3,00,000 (0.96%) | NA |
| Total Shares Offered | 3,12,00,000 (100.00%) |
Investors can bid for a minimum of 150 shares and in multiples thereof.
| 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 |
Vishnu Prakash R.Punglia IPO raises ₹91.77 crore from anchor investors. Vishnu Prakash R.Punglia IPO Anchor bid date is August 23, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Aug 23, 2023 |
| Shares Offered | 92,70,000 |
| Anchor Portion (₹ Cr.) | 91.77 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Sep 30, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Nov 29, 2023 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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.
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.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 825.48 | 497.81 | 331.05 |
| Total Income | 1,171.46 | 787.39 | 487.67 |
| Profit After Tax | 90.64 | 44.85 | 18.98 |
| NET Worth | 314.51 | 158.69 | 113.61 |
| Reserves and Surplus | 219.96 | 130.11 | 85.24 |
| Total Borrowing | 250.37 | 176.58 | 110.78 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 62.18 |
| 2 | Funding the working capital requirements of the Company | 150.00 |
| 3 | General corporate purposes | 67.45 |
| KPI | |
|---|---|
| ROCE | 33.72% |
| Debt/Equity | 0.80 |
| RoNW | 38.31% |
| PAT Margin | 7.74% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.41 | |
| P/E (x) | 13.61 | |
| Promoter Holding | 90.45% | 67.81% |
| Market Cap | ₹1,234.00 Cr. |
The Vishnu Prakash R.Punglia IPO is subscribed 87.82 times on August 28, 2023 7:02:00 PM (Day 3). The public issue subscribed 32.01 times in the retail category, 171.69 times in the QIB category, and 111.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 171.69 | 61,80,000 | 1,06,10,59,500 |
| NII | 111.03 | 46,35,000 | 51,46,45,500 |
| bNII (> ₹10L) | 112.02 | 30,90,000 | 34,61,38,350 |
| sNII (< ₹10L) | 109.07 | 15,45,000 | 16,85,07,150 |
| Retail | 32.01 | 1,08,15,000 | 34,62,41,700 |
| Employee | 12.97 | 3,00,000 | 38,90,850 |
| Total | 87.82 | 2,19,30,000 | 1,92,58,37,550 |
Total Applications: 20,82,232
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLMs (including underwriting commissions, brokerage and selling commission) | 19.67 |
| 2 | Advertising and marketing expenses | 2.19 |
| 3 | Fees payable to the Legal Advisors to the Issue | 0.30 |
| 4 | Fees to the Registrar to the Issue | 0.41 |
| 5 | Fees payable to the Regulators including stock exchanges and other regulatory expenses | 2.50 |
| 6 | Printing and distribution of Issue stationary | 0.29 |
| 7 | Brokerage and selling commission payable to Syndicate, Registered Brokers; Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs; Processing fees to Issuer banks for UPI Mechanism w.r.t application Forms procured by the members of the Syndicate, Registered Brokers, RTAs or the CDPs and submitted to them.(2)(3)(4)(5) | 3.19 |
| 8 | Others (industry reports, monitoring agency fees, auditor’s fees, etc.) | 0.44 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹99.00 | ₹99.00 |
| Open | ₹163.30 | ₹165.00 |
| Low | ₹144.00 | ₹144.00 |
| High | ₹164.45 | ₹165.00 |
| Last Trade | ₹145.93 | ₹145.70 |
Lead Manager Reports
Vishnu Prakash R.Punglia IPO is a main-board IPO of 3,12,00,000 equity shares of the face value of ₹10 aggregating up to ₹309 Crores. The issue is priced at ₹99 per share. The minimum order quantity is 150.
The IPO opens on Thu, Aug 24, 2023, and closes on Mon, Aug 28, 2023.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Vishnu Prakash R.Punglia IPO using UPI as a payment gateway. Zerodha customers can apply in Vishnu Prakash R.Punglia IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vishnu Prakash R.Punglia IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vishnu Prakash R.Punglia IPO opens on Thu, Aug 24, 2023 and closes on Mon, Aug 28, 2023.
Vishnu Prakash R.Punglia IPO lot size is 150, and the minimum amount required for application is ₹14,850.
You can apply in Vishnu Prakash R.Punglia IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Vishnu Prakash R.Punglia IPO will be done on Thursday, August 31, 2023, and the allotted shares will be credited to your demat account by Mon, Sep 4, 2023. Check the Vishnu Prakash R.Punglia IPO allotment status.
The Vishnu Prakash R.Punglia IPO listing date is on Tue, Sep 5, 2023.
