Vishnu Prakash R Punglia IPO: All You Need to Know
Basic information about the company: Established in 1986, this company has played a pivotal role in designing and constructing infrastructure projects for not only the Central and State Governments but also autonomous and private bodies across 9 States and 1 Union territory in India. Diverse Product Portfolio: The company's business operations can be neatly categorized into four significant pillars, each contributing to the nation's development in its own unique way:
1. Water Supply Projects
Water, the elixir of life, gains even more importance in a country as diverse and populous as India. Vishnu Prakash R Punglia Limited has taken up the responsibility of executing water supply projects that bring this vital resource to communities, urban and rural alike.
2. Railway Projects
India's railways are its lifelines, connecting people and places across vast distances. This company's involvement in railway projects adds momentum to the country's connectivity and transportation infrastructure.
3. Road Projects
Roads are the arteries of a nation's economy, enabling the smooth flow of goods and people. Vishnu Prakash R Punglia Limited's contribution to road projects enhances accessibility and connectivity, fostering economic growth.
4. Irrigation Network Projects
Agriculture forms the backbone of India's economy, and a reliable irrigation network is crucial for sustainable growth. This company's endeavours in irrigation projects help in maximizing agricultural productivity. Objects of the IPO: The company's pre-issue shareholding stands at an impressive 90.45%, which will be diluted to 67.81% post-issue. The IPO aims to raise funds for multiple purposes, including:
Capital Expenditure: The funds will facilitate the purchase of equipment and machinery necessary for the company's operations.
Working Capital: Adequate working capital is the lifeblood of any business. The IPO proceeds will help in ensuring the company's smooth day-to-day operations.
General Corporate Needs: The funds will also cater to general corporate purposes, supporting the company's growth and expansion plans.
Vishnu Prakash R Punglia IPO Details: For investors interested in participating in the IPO, the IPO details are as follows:
IPO Duration: 24th to 28th August 2023
Price Band: ₹94 to ₹99 per share
Lot Size: 150 Shares
IPO Size: ₹308.88 Crores
Retail Quota: 35%
Allotment Date: 31st August (Tentative)
Listing Date: 5th September
Grey Market Premium: +40% (for informational purposes) Link for checking Allotment Status: https://linkintime.co.in/mipo/ipoallotment.html 💰Join our WhatsApp Group for Trading/Investment ideas and Market Updates👇
Frequently Asked Questions (FAQs):
1. How can I participate in the Vishnu Prakash R Punglia IPO?
To participate, you need to have a demat account with a registered broker and follow their IPO application process.
2. What is the significance of the post-issue shareholding percentage?
The post-issue shareholding percentage indicates the ownership stake of existing shareholders after the IPO.
3. What factors contribute to the Grey Market Premium (GMP)? The GMP is influenced by market demand, investor sentiment, and other market dynamics.
4. Can I apply for more than the lot size of 150 shares? Yes, you can apply for multiple lots as long as you adhere to the guidelines provided in the IPO details. DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on the information published here. Any reader taking decisions based on any information published here does so entirely at their own risk. Investors should bear in mind that any investment in the stock market is subject to unpredictable market-related risks. The author has no plans to invest in this offer and also the author does not recommend investing in any offer published on this website.