The EPC company is led by Promoter Vishnu Prakash Punglia, with a track record of successful implementation of infrastructure projects and solid operational expertise. Cranes, tractors, loaders, excavators, bulldozers, pavers, ready-mix concrete plants, transport vehicles and cranes all feature in a fleet of more than 480.4 construction equipment assets. These resources are from some of the best providers.
” We have a track record of successfully completing our projects having executed over 85 projects up to the time of this Red Herring Prospectus (RHP). As of July 15, 2023, we There are 51 projects underway, as part of our order book,” the company said.
The company’s listed peers are PNC Infratech Ltd, HG Infra Engineering Ltd, NCC Ltd, Rail Vikas Nigam Ltd and ITD Cementation India Ltd.
“Our operating revenue grew at a CAGR of 55.10% from FY 2020-21 to FY 2022-23, thanks to our strong order volume across segments business and geographies vary.As of July 15, 2023, we have an order book of $3,799.5 crore,” the company stated in its RHP.
The company’s revenue from business activities increased from $373.15 crore for the next financial year 2019–20 $785.61 crore in FY 2021–22 at a Compound Annual Growth Rate (CAGR) of 45.10%, while profit for the year increased from $12.65 crore in the next financial year 2019–20 $44.85 crore in fiscal year 2021–22 at a CAGR or 88.25%. From FY 2019–20 to FY 2021–22, EBITDA grew at a CAGR of 45.10%, from $40.18 crore to $88.64 crore.
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Here are 10 important things to know about Vishnu Prakash Punglia’s IPO:
Vishnu Prakash IPO date: The IPO of Vishnu Prakash R Punglia Limited will open for registration on Thursday, August 24 and close on Monday, August 28.
Vishnu Prakash IPO price range: Vishnu Prakash Punglia IPO price range has been fixed between $94 to $99 per equity share with par value or $10 pieces each.
Vishnu Prakash IPO lot size: Vishnu Prakash Punglia IPO lot size is 150 equity shares and multiple of 150 equity shares thereafter.
Anchor investors: Vishnu Prakash R Punglia IPO Raised $91.77 crore from fixed investors on Wednesday, August 23.
Vishnu Prakash IPO details: The $Vishnu Prakash’s IPO of 308.88 crore is a completely new issue with equity shares amounting to 3.12 crore with a par value of $10 pieces each.
This offer also includes pre-booking an eligible employee’s check-in. The company is having a discount program for employees $9 per share.
Also Read: Vishnu Prakash R Punglia IPO: Released on 24 Aug; fixed price range at $94-99 per share
Vishnu Prakash Punglia IPO Target: total $58.64 crore proceeds from the new issuance will be used to purchase capital equipment, while $140 crore will be allocated for the company’s working capital needs and other corporate purposes.
Vishnu Prakash IPO allocation and listing: The stock allocation basis will be finalized on Thursday, August 31, and the company will initiate a refund on Friday, September 1, while shares will be credited to the beneficiary’s demat account. allocation on Monday, September 4. Limited share price of Vishnu Prakash R Punglia will be listed on BSE and NSE on Tuesday, September 5.
CEO and IPO Registrar of Vishnu Prakash: The main curators of this offer are Choice Capital Advisors Private Limited and Pantomath Capital Advisors Private Limited, while Link Intime India Private Limited is the registrar.
Vishnu Prakash IPO reservation: Vishnu Prakash R Punglia IPO has reserved not more than 50% of the shares in the public offering to Qualified Institutional Buyers (QIB), not less than 15% to Non-Institutional Investors (NII) and no less than more than 35% of the offering price exclusively for Retail Investors. Up to 300,000 shares of capital are reserved for employees.
Vishnu Prakash IPO GMP today: Vishnu Prakash IPO GMP or gray market premium on Wednesday is +54 higher than in previous trading sessions. This shows that Vishnu Prakash stock price is trading at a higher level $54 on the gray market on Wednesday, according to topsharebrokers.com
Considering the upper end of the IPO price range and the current spread on the black market, the estimated list price of Vishnu Prakash’s share price is $153 pieces, 54.55% higher than the IPO price of $99.
A ‘gray market fee’ indicates an investor’s willingness to pay more than the issue price.
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Updated: August 23, 2023, 10:09 PM IST