The share allotment for Vishnu Prakash R Punglia Limited’s initial public offering (IPO) will be finalised on Thursday, August 31.
Investors can verify their allocation status on Link Intime India Private Ltd, the registrar’s portal, or on the BSE and NSE websites.
The refund process starts on September 1 for those not allotted, while shares will be credited to the demat accounts of eligible bidders by September 4. The listing is slated for September 5 on NSE and BSE.
To check allotment on Link Intime:
Visit https://linkintime.co.in/MIPO/Ipoallotment.html.
Select the IPO from the dropdown.
Choose Application No, Demat Account, or PAN.
Select ASBA or non-ASBA.
Provide the requested details.
Submit after completing the captcha.
To check allotment on BSE:
Visit https://www.bseindia.com/investors/appli_check.aspx.
Choose ‘Equity‘ under ‘Issue Type’.
Select IPO from the dropdown.
Enter PAN or application number.
Confirm ‘I am not a Robot’.
To check allotment on NSE:
- Register on https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp.
- Log in.
- Check allotment status.
Click ‘Submit’.
Vishnu Prakash IPO GMP
The Grey market premium (GMP) on Wednesday is Rs 60. The estimated listing price of Rs 159, 60.61 per cent above the IPO price, is based on GMP.
Vishnu Prakash IPO overview
Jodhpur-based Vishnu Prakash R Punglia Limited, an integrated Engineering, Procurement and Construction (EPC) firm specializing in water supply projects (WSP), opened its initial public offering (IPO) for subscription on August 24 and it concluded on August 28.
The IPO was priced within a range of Rs 94 to Rs 99 per equity share. The public offering encompassed a fresh issuance of up to 31.2 million shares, aimed at generating Rs 309 crore in funds.
The company’s promoters include Vishnu Prakash Punglia, Manohar Lal Punglia, Sanjay Kumar Punglia, Kamal Kishor Punglia, and Ajay Punglia. Under the guidance of Promoter Vishnu Prakash Punglia, the firm boasts a robust history of successful infrastructure projects spanning over three decades.
It may be noted that the company’s revenue exhibited a notable Compound Annual Growth Rate (CAGR) of 55.1% from FY21 to FY23.
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The company actively engages in Water Supply Projects, alongside other ventures in the infrastructure sector like roads and bridges.
Several brokerages, including BP Equities, Geojit, Nirmal Bang, StoxBox, Swastika Investmart Ltd, and Reliance Securities, gave a ‘subscribe’ rating upon the IPO.
