Vishnu Prakash R Punglia Limited IPO
Incorporated in 1986, Vishnu Prakash R Punglia Limited is engaged in the business of 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:
(i) Water Supply Projects (“WSP”); (ii) Railway Projects; (iii) Road Projects and (iv) Irrigation Network Projects.
VPRP has been accredited with various registrations as a contractor with various departments and agencies viz.
Jodhpur Development Authority, Jodhpur (Class AA), Rajasthan, Public Health Engineering Department, Rajasthan, (Class AA), Water Resources Department, Rajasthan (Class AA), roads and Building Department, Gujarat (Class AA), South Western Command, Military Engineering Services (MES), Jaipur (Class ‘S’), Rajasthan, Public Works Department, Chhattisgarh (Class A), Public Works Department, Rajasthan (Class AA), 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.
Company Financials
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 331.05 | 497.81 | 825.48 |
| Revenue | 487.67 | 787.39 | 1,171.46 |
| Profit After Tax | 18.98 | 44.85 | 90.64 |
| Net Worth | 113.61 | 158.69 | 314.51 |
| Reserves and Surplus | 85.24 | 130.11 | 219.96 |
| Total Borrowing | 110.78 | 176.58 | 250.37 |
Objects of the Issue
- Funding capital expenditure requirements for the purchase of equipment/machinery.
- Funding the working capital requirements of the company.
- General corporate purposes.
Vishnu Prakash R Punglia IPO Timetable (Tentative)
Vishnu Prakash R Punglia IPO opens on Aug 24, 2023, and closes on Aug 28, 2023.
| IPO Open Date | Thursday, 24 August 2023 |
| IPO Close Date | Monday, 28 August 2023 |
| Basis of Allotment | Thursday, 31 August 2023 |
| Initiation of Refunds | Friday, 1 September 2023 |
| Credit of Shares to Demat | Monday, 4 September 2023 |
| Listing Date | Tuesday, 5 September 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 28, 2023 |
