Introduction:
Read the latest news about the Vishnu Prakash IPO listing and the huge returns it has generated in just one day on September 5, 2023.
Vishnu Prakash IPO | Vishnu Prakash R.
The IPO of Punglia company has been listed today. As soon as it was listed today, this share has increased by almost 66.7 percent. The company had issued its shares to investors at Rs 99. Whereas, the share of Vishnu Prakash R Punglia was listed at Rs 165 on NSE and Rs 163.30 on BSE.
Vishnu Prakash R. Punglia IPO Details
Vishnu Prakash R Punglia’s IPO was open for investment from August 24 to August 28, 2023. At the same time, the listing of this IPO has been done today. The company has issued shares of face value of Rs. During the IPO, the share’s price band was between Rs 94 and Rs 99. The company then issued shares at Rs. In this IPO, the lot size was 150 shares. The company has raised Rs 308.88 crore from this IPO.
The public issue received huge support from all types of investors. Total IPO was paid 87.82 times. In this, qualified institutional investors and high net worth individuals (non-institutional investors) bid 171.69 times and 111.03 times the allotted quota respectively.
This company from Rajasthan has raised Rs 308.88 crore through IPO. Excluding the IPO expenses, the entire proceeds from the IPO will be used for the purchase of equipment and machinery, working capital requirements, and general corporate purposes.
The company’s financial performance has impressed analysts and investors. VPRPL’s revenue has grown at a CAGR of 55 percent in the last three years.
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