The Vishnu Prakash R Punglia IPO is priced between ₹94 to ₹99 per share, with a minimum application lot size of 150 shares. Retail investors need a minimum investment of ₹14,850. Qualified institutional buyers (QIBs) must invest at least ₹207,900 for 14 lots (2,100 shares), while non-institutional investors (NIIs) are required to invest a minimum of ₹1,009,800 for 68 lots (10,200 shares).
The Vishnu Prakash R Punglia IPO, valued at Rs 308.88 crores, was a book-built issue comprising solely of 3.12 crore fresh shares. Bidding commenced on August 24, 2023, concluding on August 28, 2023. Allotment for the IPO was confirmed on Thursday, August 31, 2023. Subsequently, the shares were listed on both the BSE and NSE on September 5, 2023.
The matter involves a provision reserving up to 300,000 shares for employees, which are being offered at a discount of Rs 9 compared to the issue price.
Choice Capital Advisors Pvt Ltd and Pantomath Capital Advisors Pvt Ltd serve as the book running lead managers for the Vishnu Prakash R Punglia IPO, with Link Intime India Private Ltd appointed as the registrar for the issue.
Link to RHP: RHP
Link to DRHP: DRHP
Objects of the Issue
The proceeds from the issue will be used for the following objects:
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
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