Vishnu Prakash R Punglia IPO is live. Should you Invest?
Vishnu Prakash R Punglia IPO is Open For Investing.
In this article
📃About Vishnu Prakash R Punglia
Incorporated in 1986, Vishnu Prakash R Punglia Limited is 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:
- Water Supply Projects (“WSP”);
- Railway Projects;
- Road Projects; and
- Irrigation Network Projects.
VPRP has been accredited with various registrations as a contractor with multiple departments and agencies. Jodhpur Development Authority, Jodhpur (Class A.A.), Rajasthan, Public Health Engineering Department, Rajasthan, (Class A.A.), Water Resources Department, Rajasthan (Class A.A.), roads and Building Department, Gujarat (Class A.A.), South Western Command, Military Engineering Services (MES), Jaipur (Class ‘S’), Rajasthan, Public Works Department, Chhattisgarh (Class A), Public Works Department, Rajasthan (Class A.A.), 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.
💰Issue Details of Vishnu Prakash R Punglia IPO
- IPO open from 24th Aug 2023 – 28th Aug 2023
- Face value: ₹10 per equity share
- Price band: ₹94 to ₹99 per share
- Market lot: 150 shares
- Minimum Investment: ₹14,850
- Listing on: BSE and NSE
- Offer for sale: Approx ₹308.88 Cr (Fresh Issue: ₹308.88 Cr)
- Registrar: Link Intime India Private Ltd
🪙Total Issue Price
🪚Offer Breakup
🔭IPO Object
The company intends to utilise the net proceeds from the issue towards the funding of the following objects:
- Funding capital expenditure requirements for the purchase of equipment/machinery.
- Funding the working capital requirements of the Company.
- General corporate purposes.
⛓️IPO Strength
Some of the qualitative factors and strengths which form the basis for computing the Offer Price are:
- Visible growth through robust order book across segments
- Established relationships with a marquee client base
- In-house integrated model
- Committed Promoters, Board and management team
- A focused player in Water Supply Projects with a Good Track record of completed projects
🧨IPO Risk
- Their projects are exposed to various implementation and other risks, including risks of time and cost overruns and uncertainties, which may adversely affect their business, financial condition, results of operations, and prospects
- They derive a significant portion of their revenues from a limited number of clients. The loss of any significant clients may harm their business, financial condition, results of operations, and prospects.
- Timely completion of their projects depends on the availability and performance of sub-contractors; if their sub-contractors cannot perform on time, in accordance with their commitments, their ability to complete projects on time or at all could be impaired. This may have an adverse effect on the reputation, cash flows, business, results of operations and financial condition.
- There are certain outstanding litigations involving their Company, which, if determined adversely, may affect their business operations and reputation.
💸Financial Data
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
| 31-Mar-21 | ₹331.05 | ₹487.67 | ₹18.98 |
| 31-Mar-22 | ₹497.81 | ₹787.39 | ₹44.85 |
| 31-Mar-23 | ₹825.48 | ₹1171.46 | ₹90.64 |
PEER COMPANIES
- Time Technoplast Limited
- TPL Plastech Limited
- Mold-Tek Packaging Limited
📬Also Read: Sustainable Investing in India: ESG Investments
