Vishnu Prakash IPO If you also invest in the stock market, then let us tell you that today the IPO of Vishnu Prakash R Punglia Limited is going to open for you. This IPO will be listed in the stock market next month. The company’s IPO will be open only till 28 August. Let us know the important things related to the IPO of Vishnu Prakash R Punglia Limited.
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New Delhi, Business Desk. IPO: The process of IPO is still going on in the stock market. Today Vishnu Prakash R Punglia Limited’s IPO is going to open for investors. Let us tell you that Vishnu Prakash R Punglia Limited is an engineering and EPC company. The focus of this company is on projects related to water supply.
In addition, the company also has a number of subsidiary industry associates. These are PNC Infratech Limited, HG Infra Engineering Limited, NCC Limited, Rail Vikas Nigam Limited and ITD Cementation India Limited.
Company Revenue
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The company had stated in its RHP that as on July 15, 2023, the company had an order book of Rs 3,799.5 crore. With this, if we look at the revenue of the company, then the revenue of the company has increased every year. The company’s EBITDA for FY 2021-22 stood at Rs 88.64 crore. It was Rs 40.18 crore a financial year ago i.e. in the financial year 2019-2020. Come, let us know the main things related to the IPO of the company.
Purpose of IPO
The company will use Rs 58.64 crore from this IPO to buy equipment. At the same time, Rs 140 crore will be used to meet the needs and corporate objectives of the company. The shares of the company will be listed on BSE and NSE on September 5, 2023 (Tuesday).