The IPO will likely list on BSE and NSE (Photo: Shutterstock/Times Now Digital)
The IPO of Vishnu Prakash R Punglia will open for subscription on August 24th and close on August 28th, 2023. The IPO is a book offering with a total issue size of Rs.308.88 crore. Following subscription and allotment of shares, the IPO is expected to be listed on the BSE and NSE.
Vishnu Prakash R Punglia IPO: About the Company
The Company is engaged in the design and construction of infrastructure projects for central and state governments, autonomous corporations and private corporations in 9 states and 1 union territory.
Vishnu Prakash R Punglia IPO: GMP
According to multiple websites tracking the gray market premium, the company’s shares are currently trading at a premium of Rs. 40 (+/-) per share in the gray market.
Vishnu Prakash R Punglia IPO: Allotment
Following the subscription to the IPO, shares are expected to be allotted to subscribers on Thursday, August 31.
Vishnu Prakash R Punglia IPO: IPO Date
Following the allotment and crediting of the shares to the subscribers’ demat account, the shares are expected to be listed on the stock exchange on Tuesday 5 September.
Vishnu Prakash R Punglia IPO: Minimum lot size
The minimum lot size for the Vishnu Prakash R Punglia IPO is 150 shares.
Vishnu Prakash R Punglia IPO: Investment
The minimum investment for a share lot is (94 x 150 rupees) = 14,100 rupees while the maximum investment for a share lot is 99 x 150 rupees = 14,850 rupees.
Vishnu Prakash R Punglia IPO: Registrar
The registrar of the IPO is Link Intime India Private Ltd. On the day of allocation, subscribers can check their allocation status on the official website of the IPO registrar.
Vishnu Prakash R Punglia IPO: Goals
The Company plans to use the proceeds from the IPO to fund capital equipment purchase needs, fund the Company’s working capital needs and for general corporate purposes.
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