Vishnu Prakash R Punglia Limited is an integrated engineering, procurement, and construction (EPC) company, incorporated in 1986. The company possesses expertise in the design and construction of various infrastructure projects for the Central and State Governments, autonomous bodies, and private bodies.
The business operations have been expanded across 9 States and 1 Union territory in India. The company earns revenue from four categories which include : (i) Water Supply Projects (WSP); (ii) Railway Projects; (iii) Road Projects and (iv) Irrigation Network Projects.
The company has witnessed notable growth in its financials, reflected by the CAGR of 45.10% in revenue from 2019 to 2022. In addition, profit for the same period witnessed a CAGR of 88.25%.
The company operates its business in the infrastructure sector, which happens to be the key driver for the Indian economy. Over the past year, the Government has increased its spending on the infrastructure sector. Infrastructure was given more attention in the 2023–24 budget. Under PM Gati Shakti, the budget plan seeks to build connectivity networks and facilities for multimodal logistics. Financial support of $1,300 billion in interest-free loans for 50 years has been granted to states by the Centre for Infra Push.
Vishnu Prakash R Punglia Limited IPO Details
Vishnu Prakash R Punglia Limited IPO Date
Vishnu Prakash R Punglia Limited is a 100% fresh issue IPO comprising 3, 12,00,000 shares. It is a Book Build Issue IPO. Retail investors can bid for the Vishnu Prakash R Punglia Limited IPO. The issue will open on August 24th, 2023, and will close on August 28th, 2023.
Vishnu Prakash R Punglia Limited IPO Price Band
The price range of the IPO has been fixed at ₹94 to ₹99 per share.
Vishnu Prakash R Punglia Limited IPO Lot Size
The Vishnu Prakash R Punglia Limited IPO lot size is 150 shares and the minimum investment will be ₹14,850.
Vishnu Prakash R Punglia Limited IPO Objectives
The objectives of Vishnu Prakash R Punglia Limited IPO are listed below:
- To finance capital expenditure requirements for the purchase of equipment/machinery.
- For the working capital requirements of the company.
- For general corporate purposes.
Peer Details
Some of the major peers of Vishnu Prakash R Punglia Limited include the following:
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PNC Infratech Ltd
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H.G. Infra Engineering Ltd
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NCC Limited
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Rail Vikas Nigam Ltd
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ITD Cementation India Ltd
Strengths and Opportunities
- The company is a key player in the WSPs segment. It has 36 years of experience in the construction and development of pipelines, water tanks, reservoirs, tunnels, overhead tanks, water treatment plants, and irrigation projects.
- The company possesses a strengthened order book, which happens to be the key performance indicator in the infrastructure sector. As of December 31, 2022, the total value of the projects were ₹56,534.34 million, of which ₹18,168.09 million worth of work has been executed, and the balance ₹38,366.24 million was part of its Order Book.
- The company would be focused on geographical diversification of its projects as it will help the business in reducing dependence on specific geographical areas. In addition, this would also support the business to capitalise on different growth trends across various states in India and globally.
- Looking forward, the company will work on initiatives aligning with the National Infrastructure Policy (NIP) announced by the Government of India. The company would continue to bid for projects related to the railways sector including earthwork, construction of bridges and supply of materials, track linking, etc.
Risks and Threats
- The projects of the company are exposed to numerous risks such as implementation, time and cost overruns, and uncertainties, which may adversely impact its business, financial, and operational performance, as well as prospects.
- The company is heavily dependent on a limited number of clients for revenues. Hence, any significant loss from the client may have a negative impact on the business.
- The business model of the company is highly exposed to regulatory uncertainties as it requires numerous licenses to carry out operations.
- The operations of the business require ample funding to finish the projects. Hence, any unavailability of the funds may lead to deterioration in the top line.
How To Check the Allotment Status of the Vishnu Prakash R Punglia Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Validate with an OTP
- Enter your application number, DP ID, and PAN number into the app
- Click on ‘Submit’
Contact Details of Vishnu Prakash R Punglia Limited
Registered office: Unit No. 3, 5th Floor, B-wing, Trade Star Premises Co-operative Society Limited, Village Kondivita, Mathuradas Vasanji Road, Near Chakala Metro Station, Andheri (East), Mumbai – 400059, Maharashtra, India
Phone: +91 8058053700
E-mail: compliance@vprp.co.in
Vishnu Prakash R Punglia Company Financials
| Particulars | Period Ending on March, 31st 2023 | Year ending on March, 31st 2022 |
|---|---|---|
| Total Income | 1,171.46 | 787.39 |
| Profit After Tax (PAT) | 90.64 | 44.85 |
| Assets | 825.48 | 497.81 |
| Total Borrowings | 250.37 | 176.58 |
| Reserves and Surplus | 219.96 | 130.11 |
