Vishnu Prakash R Punglia

About Vishnu Prakash R Punglia IPO

Formed as a partnership firm in 1986, Vishnu Prakash R Punglia is an integrated engineering, procurement and construction (EPC) company. It primarily works on the design and construction of various infrastructure projects under four key categories – Water Supply Projects (WSP), Railway Projects, Road Projects and Irrigation Network Projects.

Its customers include central and state governments, autonomous bodies, and private bodies across nine States and one Union territory in India. It is a registered contractor for various departments and agencies like Jodhpur Development Authority, Public Health Engineering Department, Water Resources Department, South Western Command, Military Engineering Services and more in Rajasthan, Gujarat and Madhya Pradesh. 

The company owns a fleet of 499 construction equipment and vehicles. It has seen revenue growth at a CAGR of over 34% between FY21 and FY23. Meanwhile, its net profit grew by over 68% during the same period. 

It has an order book of ₹3,799 crore as of 15 July 2023. It is well positioned to benefit from various government initiatives in infrastructure, wastewater management, and road and highway Industry. In the Union budget 2022-23, the Central Government made the highest ever outlay of ₹1.9 lakh crore towards road construction and aims for multi-modal logistics facilities and connectivity systems under the PM Gati Shakti.

And now, Vishnu Prakash R Punglia Limited is coming out with its initial public offer (IPO). The IPO will entirely be a fresh issue and the net proceeds will be utilised to purchase equipment and machineries. Further, funds will be used for working capital requirements and general corporate purposes. Its shares will be listed on the NSE and the BSE.

Here are key details about the Vishnu Prakash R Punglia IPO:

Financial snapshot

A quick look at Vishnu Prakash R Punglia IPO’s strengths, risks and threats

Strengths 

1. Has a track record of completing multiple projects successfully with more than 36 years of experience in the EPC construction industry. 
2. Focused player in Water Supply Projects (WSPs), having executed 75+ WSPs. Its current WSP order book spans across Rajasthan, Uttar Pradesh, Manipur, Uttarakhand, Gujarat, Assam and Haryana as of July 15, 2023.
3. Visible growth through robust order book with ongoing projects aggregating to ₹6,183 crore, of which ₹2,384 crore worth of work has been executed, and a balance of ₹3,799 crore forms part of the order book.
4. Established relationships with marquee clients like Daman Municipal Council, Northwestern, Western and Central Railway and many more including the 19 new projects from PHED, Rajasthan over the last two years.
5. Uses an in-house integrated model to reduce dependency on third parties for key materials like ready-mix concrete, stone aggregates, and processed bitumen. 

Risks and threats

1. Operates a capital intensive business, which has a long execution timeline. Hence, exposed to risks like penalty for delay in project implementation and other risks like time and cost overruns.
2. Business concentrated in Rajasthan, which makes up over 61% of its pending order book. Meanwhile, over 80% of the revenue was generated from the top 5 clients in FY23.   
3. Has a negative free operating cash flow to debt ratio as on 31 March 2023 with a total outstanding debt of ₹250 crore. 
4. Has availed an unsecured loan of ₹84 crore, which is payable on demand. 
5. Has reported negative cash flows from operating and investing activities in FY22 and FY23.

Vishnu Prakash R Punglia IPO details

| Vishnu Prakash R Punglia IPO date

According to the offer document filed by the company with the SEBI, the Vishnu Prakash R Punglia IPO’s opening date – in other words, the Vishnu Prakash R Punglia IPO launch date – will be 24th August 2023. The Vishnu Prakash R Punglia IPO closing date is 28th August 2023. After this, investors will be updated about the allotment status on 31st August 2023.

Investors, who have been allotted shares, can expect them to be credited to their demat account on 4th September 2023. The Vishnu Prakash R Punglia IPO listing date is 4th September 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. 

| Vishnu Prakash R Punglia IPO price band

The IPO is an offer for sale as well as a fresh issue. The Vishnu Prakash R Punglia IPO price band has been set between ₹94 and ₹99 per share. Interested investors can choose a price within this band to apply for the IPO. 

The Vishnu Prakash R Punglia IPO listing price will be determined on 4th September 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.

| Vishnu Prakash R Punglia IPO lot size 

The Vishnu Prakash R Punglia IPO details have been declared. The Vishnu Prakash R Punglia IPO lot size is set at 150 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Vishnu Prakash R Punglia IPO issue size is approx ₹308 crore. 

How to pre-apply for the Vishnu Prakash R Punglia IPO?

You can pre-apply for the Vishnu Prakash R Punglia IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. 

Follow these steps to pre-apply for the IPO: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘ Vishnu Prakash R Punglia IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Pre-Apply’
7. Accept the mandate on your UPI app

How to apply for the Vishnu Prakash R Punglia IPO?

If you are interested in this investment opportunity but unsure how to apply for the Vishnu Prakash R Punglia  IPO, here we are listing out the steps for you. 

When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Vishnu Prakash R Punglia IPO on Upstox: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘ Vishnu Prakash R Punglia  IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Apply’
7. Accept the mandate on your UPI app

How to check the Vishnu Prakash R Punglia IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. 

Here’s a step-by-step guide on how to check the Vishnu Prakash R Punglia IPO allotment status:

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover page, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, you will find the ‘View all’ option
5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
6. In the ‘IPO’ tab, click on ‘My applications’ 
7. In ‘My applications’, under the History section, your  Vishnu Prakash R Punglia IPO allotment status will be mentioned

Open a demat account with Upstox to apply for the Vishnu Prakash R Punglia IPO

To apply for the Vishnu Prakash R Punglia IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.

Here is a step-by-step guide on how to open a demat account with Upstox:

1. Click here to visit the demat account opening page on the Upstox website. 
2. Enter your phone number and other essential details to begin opening a demat account.
3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
4. Complete the e-verification using the OTP sent to your registered mobile number. 

This is all it takes to open a demat account with Upstox. Easy and quick, right? 

Upstox – trading app to apply for the Vishnu Prakash R Punglia IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. 

You can apply for the Vishnu Prakash R Punglia IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. 

In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.