The preliminary public providing (IPO) of Vishnu Prakash R Punglia Restricted (VPRPL) opened on Thursday, and will probably be accessible for subscription until August 28.
VPRPL is a Jodhpur-based infrastructure agency that was established in 1986. In accordance with its web site, it’s one among India’s ‘fastest-growing infrastructure development companies.’
Right here is all that you must know concerning the Vishnu Prakash IPO:
Subscription: As per HT’s sister publication Mint, by 10:48am on day 1 of bidding, the e-book construct difficulty had been subscribed 0.48 occasions, and its retail portion, 0.71 occasions. The NII (non-institutional investor) portion, however, had been subscribed 0.58 occasions on this time.
Essential Dates: The IPO opens and closes on August 24 and 28, respectively. The tentative date for the allocation of shares is August 31, whereas these are prone to be listed on the inventory exchanges on September 5.
Challenge measurement and share worth: Vishnu Prakash goals to boost ₹309 crore ( ₹308.88 crore) from this provide. The worth band, in the meantime, has been mounted at ₹94 to ₹99 per fairness share.
Lot measurement and funding restrict: The bidding will probably be carried out in heaps, with every lot comprising of 150 of the infrastructure improvement agency’s shares. To use for the IPO, a retail investor will, subsequently, require at the very least ₹14,850 ( ₹99*150).
Registrar: Hyperlink Intime India has been appointed as the general public difficulty’s official registrar.
To use or not? Sure, in accordance with each Reliance Securities and Sushil Finance. They share their views with Mint right here.
(Disclaimer: The views and proposals made within the Mint report are these of particular person analysts or broking firms, and never of Hindustan Instances. We advise buyers to examine with licensed specialists earlier than taking any funding choices)
