Vishnu Prakash R Punglia Ltd IPO GMP today, review, lot size, live share price and all other details you need to know are in this article.
Vishnu Prakash R Punglia Ltd IPO GMP Today
Engineer Contractor & Designer company, Vishnu Prakash R Punglia Ltd is going to launch its IPO on August 24, 2023. Therefore, the company has shared various details related to this IPO which we are providing in this article. As of August 24, investors and traders will be able to apply for this IPO.
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It will close on August 29, 2023, if you are thinking of applying for this IPO you will need to do so on or before this date. The GMP IPO of this company today is Rs 40 and in this case the listing gain is 40%. With the increase in the number of subscriptions, the GMP IPO price will also increase and may cross the IPO price.
Vishnu Prakash R Punglia Ltd IPO GMP Today
| Opening date of this IPO | August 24, 2023 |
| Closing date of this IPO | August 28, 2023 |
| Assignment | August 31, 2023 |
| Start of refunds | September 1, 2023 |
| Share credited in | September 4, 2023 |
| Quotation Date | September 5, 2023 |
| Company official website | www.vprp.co.in |
Vishnu Prakash R Punglia Ltd IPO Review
As we all know, this company is a company of engineers, contractors and designers that has contracts in 9 states and 1 union territory. On July 15, the news came that the company has Rs 3,800 crore worth of orders available, and this is a very good amount for any company.
Many long-term investors have indicated investing funds in it for a longer period of time. In the last three years, the company has shown a very good increase in its turnover and profits. The turnover and net profit are Rs 1171.46 crore and Rs 90.64 crore (2023), Rs 787.39 crore and Rs 44.85 crore (2022) and Rs 487.67 crore and 18, 98 crores (2021).
Lot Size of Vishnu Prakash R Punglia Ltd Initial Public Offering
The lot size of any IPO depends on the price range of the IPO, so you should also know the price range of this IPO. The IPO price range of this company is Rs 94-99 per share, so its lot size is 150 shares. An investor who wants to invest in this IPO must apply for a minimum of 150 shares for Rs 14,850.
This is the minimum amount required to invest in this IPO, and if you want to invest more, you must pay a multiple of the minimum amount. Through this IPO, the company will raise a total of Rs 308.88 crore.
Vishnu Prakash R Punglia Ltd IPO Share Price Live
Once Vishnu Prakash R Punglia Ltd is listed on the stock market, the live price of this IPO will be available. The par value of Vishnu Prakash R Punglia shares is Rs 10 each, and this initial public offering also has a reserve for a subscription by eligible employees.
The award of this IPO will be possible on August 31, and the start of redemptions for those unlucky will be on September 1, 2023. Then the lucky ones will get the share credited to the demat account before the September 4, 2023.
Vishnu Prakash R Punglia Ltd Initial Public Offering Allocation
After investors file for the initial public offering of this company, they will be eagerly waiting for the shares to be assigned to them. If the investors or traders who applied for it are lucky, they will get shares of this allocation. So you have to wait until Thursday 31 August 2023 and if you got the shares they will be credited to your demat account in a few days.
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On September 5, 2023, it will be listed on the stock market, and you will know the listing price that day. This price will depend on the subscription, and if all the shares of this IPO are subscribed, then the share price of this company can double.
I hope you get all the Vishnu Prakash R Punglia Ltd IPO details in this article, so if you get it and want to know more about other IPOs then you should visit our website.
Categories: Finance
Source: vtt.edu.vn