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Vishnu Prakash R Punglia IPO

Vishnu Prakash R Punglia IPO

  • Status: Closed
  • RHP:
  • ₹ 14,100 / 150 shares

    Minimum Investment

IPO Details

  • Open Date

    24 Aug 2023

  • Close Date

    28 Aug 2023

  • IPO Price Range

    ₹ 94 to ₹99

  • IPO Size

    ₹ 308.88 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    05 Sep 2023

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IPO Timeline

Vishnu Prakash R Punglia IPO Subscription Status

Last Updated: 29 August 2023 12:58 AM by 5Paisa

Vishnu Prakash R Punglia Limited IPO is all set to open from 24th August to 28th August 2023. The company designs and builds infrastructure projects for state and central governments as well as private bodies. The IPO includes a fresh issue of 31,200,000 equity shares worth ₹308.88 cr. The share allotment date is 31st August, and the IPO will be listed on 5th September on the stock exchanges. The price band is ₹94 to ₹99 per share and the lot size is 150 shares.    

Choice Capital Advisors Private Limited and Pantomath Capital Advisors Private Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar. 

Objectives of Vishnu Prakash R Punglia IPO:

Vishnu Prakash R Punglia Limited plans to utilize the raised capital from IPO to:

●    Fund working capital requirements 
●    Fund working capital expenditure requirements for purchasing machinery and equipment 
●    Fund general corporate purposes 
 

Vishnu Prakash R Punglia IPO Video:

 

Established in 1986, Vishnu Prakash R Punglia Limited is a certified, engineering, procurement, and construction (“EPC”) enterprise. It has years of experience in designing and constructing various infrastructure projects for Central and State Governments, autonomous bodies, and private entities across 9 States and 1 Union territory in India. The company's business operations are broadly categorized into four segments:
i)   Water Supply Projects (WSP)
ii)  Railway Projects
iii) Road Projects
iv) Irrigation Network Projects.

The company has received much recognition through various registrations as a contractor with different departments and organizations. Some of these include the Jodhpur Development Authority in Rajasthan (Class AA), the Public Health Engineering Department in Rajasthan (Class AA), the Water Resources Department in Rajasthan (Class AA), the Roads and Building Department in Gujarat (Class AA), the South Western Command, Military Engineering Services (MES) in Jaipur (Class 'S') in Rajasthan, and more. 

In 2021, the company also received a Water Supply Project (WSP) contract from the Public Health Engineering Department (PHED) in Manipur, valued at ₹4332.90 million. This was huge in size compared to an earlier WSP contract awarded by PHED in Rajasthan back in 2002, which amounted to ₹19.80 million.

Peer Comparison
●    PNC Infratech Ltd
●    H.G. Infra Engineering Ltd
●    NCC Limited
●    Rail Vikas Nigam Ltd
●    ITD Cementation India Ltd

For More Information:
Webstory on Vishnu Prakash R Punglia IPO
Vishnu Prakash R Punglia IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 1168.40 785.61 485.73
EBITDA 485.73 88.64 47.32
PAT 90.64 44.85 18.98
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 825.48 497.81 331.04
Share Capital 93.44 28.14 28.14
Total Borrowings 510.97 339.12 217.43
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -8.40 -3.32 34.84
Net cash from / (used in) investing activities -97.85 -29.69 -5.34
Net cash flow from / (used in) financing activities 108.06 41.72 -28.98
Net increase (decrease) in cash and cash equivalents 1.81 8.70 0.52

Strengths

1.    The company is an ISO 9001:2015 certified integrated engineering, procurement and construction (EPC).
2.    Promising revenue from operations and net profit on a Y-O-Y basis. 
3.    36 years of experience in WSP projects. 
4.    The company has received many recognitions nationwide through registrations as a contractor. 
5.    In-house integrated model reduces reliability on thor-party for key materials. 
6.    Already has a presence in 9 states and 1UT, and is planning to diversify across more geographies. 
 

Risks

1.    Can be impacted by pending legislation against the company.
2.    Centred mainly in Rajasthan. 
3.    A large business is focused on WSP which creates business concentration risk.
4.    Negative operating cash flow to debt ratio.
5.    A high level of unsecured loans. 
6.    Negative cash flow in the past which can repeat. 
7.    Higher working capital requirements.
8.    Its revenue is tied and concentrated on projects with government entities, which are usually favourable to clients, i.e. government entities and agencies. This can impact the profitability of the business. 
9.    Operates in a low entry barrier industry. 

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FAQs

The minimum lot size of Vishnu Prakash R Punglia IPO is 150 shares and the investment required is ₹14,100.

The price band of the Vishnu Prakash R Punglia IPO is ₹94 to ₹99.

Vishnu Prakash R Punglia IPO is open from 24th August to 28th August 2023.
 

The total size of Vishnu Prakash R Punglia IPO is ₹308.88 cr. 

The share allotment date of Vishnu Prakash R Punglia IPO is the 31st of August.

The Vishnu Prakash R Punglia IPO will be listed on the 5th of September.

Choice Capital Advisors Private Limited and Pantomath Capital Advisors Private Limited are the book-running lead managers for Vishnu Prakash R Punglia IPO.

Vishnu Prakash R Punglia Limited plans to utilize the raised capital from IPO to:

1.    Fund working capital requirements 
2.    Fund working capital expenditure requirements for purchasing machinery and equipment 
3.    Fund general corporate purposes 
 

To apply for Vishnu Prakash R Punglia IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Vishnu Prakash R Punglia Limited IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.