Vishnu Prakash R Punglia IPO: Issue to open on August 24; price band fixed at ₹94-99 per share

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₹94 to ₹99 per share. The IPO subscription, which commences on August 24, will close on Monday, August 29. At the upper end of the price band, the company plans to raise ₹308.88 crore from the public issue.

Also Read: Aeroflex Industries IPO: GMP, price, review, other details you should know Vishnu Prakash R Punglia IPO lot size is 150 equity shares and the minimum investment amount required by retail investors is ₹14,850. Investors can bid for a minimum of 150 equity shares and in multiples of 150 equity shares thereafter. The ₹308.88 crore worth Vishnu Prakash IPO is entirely a fresh issue of up to 3.12 crore equity shares of face value of ₹10 each.

The offer also includes a reservation for a subscription by eligible employees. The company is offering an employee discount of ₹9 per share. Vishnu Prakash IPO allottment is likely to be fixed on August 31 and the initiation of refunds may take place on September 1, while the shares are expected to be credited to eligible investors’ demat account on September 4.

Vishnu Prakash shares are proposed to be listed on BSE and NSE on September 5. Choice Capital Advisors Pvt Ltd and Pantomath Capital Advisors Pvt Ltd are the book running lead managers and Link Intime India Pvt Ltd is the Registrar to the Vishnu Prakash IPO. Also Read: Pyramid Technoplast IPO: GMP, subscription status, review, apply or not? Led by Promoter Vishnu Prakash Punglia, the EPC company has a strong operational understanding with a consistent track record in carrying out infrastructure projects for over three decades.