Vishnu Prakash R Punglia Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Vishnu Prakash R Punglia Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹99
Per ShareLot Size
150 Shares
Minimum Investment
₹14,850
Issue Size
₹293.28 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Vishnu Prakash R Punglia Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
51%
Issue Type
Book Building
ISIN
INE0AE001013
About the Company
Vishnu Prakash R Punglia Limited is an ISO 9001:2015 certified integrated engineering, procurement and construction ("EPC") company with experience in design and construction of various infrastructure projects for the Central and State Government, autonomous bodies, and private bodies across 9 States and 1 Union territory in India. Its 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. Its major projects include constructing, designing, building, implementing, operating, maintaining and developing Water Supply Projects ("WSPs") including Water Treatment Plants ("WTPs") along with pumping stations and laying of pipelines for supply of water, as well as other projects such as Roads, Bridges, Tunnels, Warehouses, Buildings, Railway Buildings including platforms, stations, quarters, administrative buildings, Rail-Over-Bridges and Waste Water Treatment Plants ("WWTPs").
Industry Overview
The Infrastructure sector acts as a catalyst for India's economic growth as it drives the growth of the allied sectors like townships, housing, built-up infrastructure and construction development projects. In order to become a US$ 5 trillion economy by 2025, infrastructure development is the need of the hour. The Government has launched the National Infrastructure Pipeline (NIP) combined with other initiatives such as ake in India' and the production-linked incentives (PLI) scheme to augment the growth of infrastructure sector. Historically, more than 80% of the Country's infrastructure spending has gone towards funding for transportation, electricity and water & irrigation. Centre's share in NIP is 39% whereas State and Private sector's share is 39% and 22% respectively. The Jal Jeevan Mission (JJM) has been initiated on August 15, 2019 by the Government of India with the intention to provide Functional Household Tap Connections (FHTC), with access to safe and adequate drinking water, to every rural household in the country by 2024. Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0 aims through water source conservation, rejuvenation of bodies of water and wells, recycling and reuse of treated used water, and rainwater harvesting, to make water in the cities secure and self-sustainable.
Company History
Vishnu Prakash R Punglia Limited was originally formed as a partnership firm under the Partnership Act, 1932 in the name of M/s Vishnu Prakash Pungalia, pursuant to a deed of partnership dated August 14, 1986. Further, vide deed of partnership dated April 02, 1999, the name of the partnership firm was changed to M/s. Vishnu Prakash R. Pungalia, with introduction of new partners. Further, vide deed of partnership dated June 01, 2001, the name of the partnership firm was changed from Vishnu Prakash R. Pungalia to M/s. Shree Ji Construction Co. Further, vide deed of partnership dated March 01, 2002, the name of the partnership firm was changed from M/s. Shree Ji Construction Co., to M/s. Vishnu Prakash R Pungalia. The constitution of the firm was changed on May 10, 2003 with the admission of new partner. The constitution of the firm was further changed with the admission of new partners with effect from October 10, 2003. The constitution of the firm was further changed on November 02, 2003 due to the demise of a partner. The constitution of the firm was further changed with the admission of new partners and retirement of certain existing partners with effect from June 01, 2004 and the final certificate of registration was issued by the Office of the Registrar of Firms, Jodhpur, Rajasthan on June 04, 2004. The said partnership was thereafter converted to a public limited company with the name `Vishnu Prakash R Punglia Limited', pursuant to a deed for joint stock company dated April 01, 2013 ("Deed") and following the procedure specified under Part IX of the Companies Act, 1956. A certificate of incorporation reflecting the legal status of the Company was granted by the Registrar of Companies, Maharashtra, Mumbai dated May 13, 2013. Pursuant to the said Deed, Vishnu Prakash Punglia, Ram Jeevan Punglia, Manohar Lal Punglia, Vijay Punglia, Kamal Kishor Pungalia, Anil Punglia, Pushpa Devi Pungalia, Pushpa Pungalia, Sanjay Kumar Punglia and Ajay Pungalia, partners of M/s. Vishnu Prakash R Pungalia, agreed to subscribe to the share capital of the Company in proportion to the capital contributed by them in the partnership firm.
Products & Services
- Integrated engineering, procurement and construction ("EPC") company with experience in design and construction of various infrastructure projects.
Growth Strategy
- 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.
- Leverage core competencies with enhanced in-house integration.
Customer Base
Central and State Government, autonomous bodies, and private bodies across 9 States and 1 Union territory in India
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
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 company for subscription by eligible employees (the "Employee Reservation Portion"). The company in consultation with the brlms, offered a discount of 9.09% (equivalent of Rs. 9 per equity share) of the issue price to eligible employees bidding in the employee reservation portion ("Employee Discount"). The issue less the employee reservation portion is hereinafter referred to as the "Net Issue". The issue and the net issue constitute 25.03% and 24.79%, respectively of the post-issue paid-up equity share capital of the company. *Subject to the finalisation of the allotment
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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.
- 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.