Vishnu Prakash R Punglia Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Vishnu Prakash R

CMP

225.22

+1.95 (0.87%)

  • DRHP
₹99

Offer Price

₹ 308.61 Cr

Issue Size

₹ 14,850

Min Investment

87.82x

Times Subscribed

150

Lot size

Time Line

  • 24
    Aug 2023
    Open
  • 28
    Aug 2023
    Close
  • 31
    Aug 2023
    Finalisation of Basis of Allotment
  • 01
    Sep 2023
    Initiation of Refunds
  • 04
    Sep 2023
    Transfer of Shares to Demat Account
  • 05
    Sep 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Geographical diversification.

  • Continued focus on its Water Supply Projects (WSP) business.

  • Pursuing other segments.

  • Focus on high value contracts and investment in latest equipment.

  • Increase competitiveness through quality execution, cost reduction and continuous training of manpower.

Products & Services

  • Integrated engineering, procurement and construction ("EPC") company with experience in design and construction of various infrastructure projects.

Strengths

  • Focused player in Water Supply Projects (WSPs).

  • Visible growth through robust order book across segments.

  • Established relationships with marquee client base.

  • Track record of successfully completed projects.

  • In-house integrated model.

Risks

  • There are certain outstanding litigations involving the Company, which, if determined adversely, may affect its business operations and reputation.

  • The company projects are exposed to various implementation and other risks, including risks of time and cost overruns, and uncertainties, which may adversely affect its business, financial condition, results of operations, and prospects.

  • The company derive a significant portion of its revenues from a limited number of clients. The loss of any significant clients may have an adverse effect on its business, financial condition, results of operations, and prospect.

  • The company business is working capital intensive involving relatively long implementation periods. The company require substantial financing for its business operations. The company indebtedness and the conditions and restrictions imposed on by its financing arrangements could adversely affect the company ability to conduct its business.

  • The company is required to furnish financial and performance bank guarantees and letter of credits as part of its business. The company inability to arrange such guarantees and/or letters of credit may adversely affect its cash flows and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
51.00%
Pre Holding

51.00%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 785.61 (61.70%) 1,168.40 (48.70%) 38.31 (-)
Gross Profit 785.61 (61.70%) 1,168.40 (48.70%) 38.31 (-)
Net Income 785.61 (61.70%) 1,168.40 (48.70%) 38.31 (-)
Assets 785.61 (61.70%) 1,168.40 (48.70%) 38.31 (-)
Liabilities 785.61 (61.70%) 1,168.40 (48.70%) 38.31 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Vishnu Prakash R Punglia Ltd 1,168.40 90.64 565.79 251.29 38.31 0.00 33.66 2.59 0.44
PNC Infratech Ltd 7,956.08 658.45 12,632.12 12,632.12 15.36 25.67 167.03 5.21 1.46
H.G. Infra Engineering Ltd 4,622.01 493.19 4,926.68 4,926.68 25.66 75.68 294.90 10.01 0.99
NCC Ltd 15,553.41 609.20 16,550.12 16,550.12 9.87 9.77 103.30 3.68 0.16
Rail Vikas Nigam Ltd 20,281.57 1,420.55 18,422.33 18,422.33 19.39 6.81 35.13 7.71 0.87
ITD Cementation India Ltd 5,090.91 124.24 5,016.53 5,016.53 10.03 7.23 72.27 2.47 0.59

Book Running Managers

  • Choice Capital Advisors Pvt Ltd
  • Pantomath Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

Unit #3 5th Flr B-Wing Trade,
Star Prms.Coop.Soc. Andheri(E),
Mumbai - 400059
Phone : +91 22 40164020 Email : compliance@vprp.co.in www.vprp.co.in

Offer Related Information

Initial public offering of 31,200,000* equity shares of face value of Rs. 10 each ("Equity Shares") of Vishnu Prakash R Punglia Limited ("The Company" or the "Company") for cash at a price of Rs. 99 per equity share (including a premium of Rs. 89 per equity share) ("Issue Price") aggregating to Rs.308.61* crores ("The Issue"). This issue includes a reservation of 300,000* equity shares aggregating to Rs. 2.70* crores (constituting 0.24% of the post-issue paid-up equity share capital of the... More

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