VPRPL IPO: Check IPO Date, Price, Details | Espresso


Vishnu Prakash R Punglia Limited IPO opens on August 24. Check IPO Details Issue Date Price

August 23, 2023
Vishnu Prakash R Punglia Limited IPO opens on August 24. Check IPO Details Issue Date Price

Vishnu Prakash R Punglia Limited is coming out with a fresh public issue to raise Rs. 308.61 crores from the market.

Below are the details of the Vishnu Prakash R Punglia Limited IPO:

  • Issue opens – August 24 (Thursday)
  • Issue closes – August 28 (Monday)
  • Issue size – Rs. 308.61 crores
  • Price band – Rs. 94 to 99 per equity share
  • Bid lot – 150 shares and in multiples thereof.

Heard about Pre-Apply IPO?

With Espresso’s Pre-Apply IPO feature, you can apply for IPOs before the start date or even after the market hours! Check out these easy-to-follow tutorials:

Quick Video Guides
How to Pre-Apply IPO on the appHow to Pre-Apply IPO on the website

Quick Visual Walkthroughs
How to Pre-Apply IPO on the appHow to Pre-Apply IPO on the website

And here are some details of the company and further details on the Vishnu Prakash R Punglia Limited IPO.

  • 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. Their 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.
  • They have 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), pursuant to which they are also eligible to participate and undertake projects awarded by various other departments and agencies.
  • They have design and engineering, procurement, project management and quality management teams alongwith fleet of four hundred and ninety nine (499) construction equipment and vehicles. Their inhouse teams deliver their projects from design to completion. This reduces their dependency on third parties for key materials such as ready-mix concrete, stone aggregates, bitumen and services such as design and engineering, transportation and logistics required in the development and construction of their projects.
  • They undertake projects on EPC basis, with or without operation and maintenance services (“O&M”). The scope of their services includes detailed engineering of the project, procurement of key materials, and project execution at the sites with overall project management up to the commissioning of these projects. In addition, they also undertake operation and maintenance of projects in accordance with their contractual arrangements. Their employee resources and fleet of equipment, together with their engineering capabilities, enable them to execute a range of projects on turnkey basis. They have gradually increased their capabilities in terms of the size of projects executed. For e.g., in 2021 they were awarded a WSP by the Public Health Engineering Department (“PHED”), Manipur worth ?4332.90 million as against a WSP awarded to them (as a partnership firm) by PHED, Rajasthan in 2002 of ?19.80 million.

Company details:

Issue Size: Rs. 308.61 crores

Employee Reservation: 3,00,000 Equity shares aggregating to Rs. 2.70/- crs.

Employee Discount: Rs. 9 Per share

Issue break-up:

  • QIB – 50% of the net offer –  Rs. 152.96 crores
  • NIB – 15% of the net offer – Rs. 45.89 crores
  • RET – 35% of the net offer – Rs. 107.07 crores

Listing: BSE and NSE

Registrar: Link Intime India Pvt Ltd

UPI: All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.


  • Application made using third party UPI or ASBA Bank A/c are liable to be rejected. 
  • The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e. Monday, August 28, 2023     

Not an Espresso customer, but still want to apply for the Vishnu Prakash R Punglia Limited IPO? Become an Espresso customer in just 15 mins* by tapping here and take it from there! (* T&C apply)

Team Espresso
by Team Espresso

We care that you succeed

Bringing readers the latest happenings from the world of Trading and Investments specifically and Finance in general.