Vishnu Prakash IPO opens today. GMP, review, other details. Apply or not?
₹94 to ₹99 per equity share and book build issue has made debut in grey market as well. According to market observers, shares of Vishnu Prakash R Punglia Limited are available at a premium of ₹65 per equity share in grey market today. 1] Vishnu Prakash IPO GMP today: According to market observers, Vishnu Prakash IPO grey market premium (GMP) today is ₹65.
2] Vishnu Prakash IPO price: Company has fixed price band of the book build issue at ₹94 to ₹99 per equity share. 3] Vishnu Prakash IPO date: The public issue has hit primary market today and it will remain open till 28th August 2023. 4] Vishnu Prakash IPO size: The company aims to raise ₹308.88 crore from its initial offer.
5] Vishnu Prakash IPO lot size: A bidder will be able to apply in lots and one lot of the issue comprises 150 company shares. 6] Vishnu Prakash IPO investment limit: As mentioned above, a retail investor will be able to apply in lots and one lot will comprise 150 shares. This means, a retail investor would require at least ₹14,850 ( ₹99 x 150) to apply for the IPO.
7] Vishnu Prakash IPO allotment date: The tentative date for finalisation of share allocation is 31st August 2023. 8] Vishnu Prakash IPO registrar: Link Intime India Private Ltd has been appointed as official registrar of the IPO. 9] Vishnu Prakash IPO listing date: The public issue is proposed for listing on BSE and NSE and most likely Vishnu Prakash IPO listing date is 5th September 2023.
10] Vishnu Prakash IPO review: Giving 'subscribe' tag to Vishnu Prakash IPO, Reliance Securities said, "On FY23 financials, the IPO is valued at 10.2x P/E, 9x EV/EBITDA and 1.2x EV/Sales. VPRPL has gradually increased their capabilities in terms of the size of projects executed. The infrastructure
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