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Vishnu Prakash R Punglia’s IPO has received overwhelming response on day one. The company’s IPO opened for subscription on Thursday, August 24 and was subscribed more than 3 times on the first day. Vishnu Prakash R Punglia IPO (Vishnu Prakash R Punglia IPO) will be open for subscription till 28 August 2023. The company is engaged in designing and construction of infrastructure projects for Central Government, State Governments and Private Institutions.
Price Band Rs. 100 or less, premium Rs. reached 65
Vishnu Prakash R Punglia IPO Price Band Rs. 94-99 is. The company’s IPO has started getting tremendous response in the gray market. According to ipowatch, shares of Vishnu Prakash R Punglia in the gray market traded at Rs. 65 are being traded at a premium. If the shares of the company are Rs. 99 to be allotted at the upper price band and Rs. If the GMP of 65 remains intact, the company’s shares will be Rs. 164 can be listed. That is, investors can get 66% profit on listing.
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The company’s IPO was oversubscribed 3.81 times on the first day
Vishnu Prakash R Punglia’s IPO (Vishnu Prakash R Punglia IPO) has been subscribed 3.81 times on the first day. The retail quota of the company’s IPO was subscribed 4.96 times. Whereas, the quota of non-institutional investors has been subscribed 6.29 times. While Qualified Institutional Buyers (QIB) quota has been subscribed 0.05 times. Retail investors can apply for a minimum of 1 lot and a maximum of 13 lots in a company’s IPO. One lot of IPO consists of 150 shares. The total public issue size of the company is Rs. 308.88 crores.
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