Vishnu Prakash R Punglia IPO to open on August 24. Here are 10 things to know about the offer

economictimes.indiatimes.com:

IPO) of Vishnu Prakash R Punglia will open for subscription on August 24. The issue closes on August 28.

The company's shares are expected to get listed on both the exchanges. Here are 10 things to know about the offer.

1. What is the business overview of Vishnu Prakash R Punglia?
   Jodhpur-based Vishnu Prakash R Punglia is an integrated engineering, procurement and construction (EPC) company, which specialises in water supply projects. It owns a fleet of about 484 construction equipment assets, which includes crushers, excavators, loaders, dozers, paver machines, ready mix concrete plants, concrete mixtures, cranes, tractors and transportation vehicles from some of the leading suppliers.
2. What is the industry overview of Vishnu Prakash R Punglia?
   The Government has recently launched the National Infrastructure Pipeline (NIP) along with other initiatives like ‘Make in India’ and the production-linked incentives (PLI) scheme to augment growth of the infrastructure sector. Historically, over 80% of the country's infrastructure spending has gone towards funding for transportation, electricity and water and irrigation.
3. What is the size of the Vishnu Prakash R Punglia IPO?
   The public issue of face value of Rs 10 is entirely a fresh pack of up to 31.2 million shares.
4. What is the price band for the Vishnu Prakash R Punglia IPO?
   The company has fixed a price band of Rs 94-99 per share and investors can bid for a minimum of 150 shares in one lot and in multiples thereafter.
5. What is the structure of the Vishnu Prakash R Punglia IPO?
   About 50% of the offer is set aside for qualified institutional buyers, 15% for non-institutional investors and 35% for retail investors.
6. How is the financial performance of the Vishnu Prakash R Punglia IPO?
   The