Vishnu Prakash R Punglia share allotment expected on Thursday. Here's how to check status
Vishnu Prakash R Punglia is likely to be finalised on Thursday. Investors will get shares on a lottery basis and the whole process will be supervised by the registrar.
On the allotment date, investors come to know about the number of shares allotted to them as against the bids made.
They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE.
Step 1: Visit the BSE Website
Step 2: Please select the issue name, that is the company's name in the drop down.
Step 3: Enter the application number or PAN number to check the allotment status.
The company's shares are expected to be listed on the exchanges on September 5.
According to market sources, Vishnu Prakash R Punglia is commanding a premium of Rs 54 in the unlisted market.
At the upper price band of Rs 99, the stock is expected to list at a premium of 54%.
Vishnu Prakash R Punglia is a construction company primarily engaged in infrastructure projects for the central and state governments. The company is focused on water supply projects and is benefiting from various government initiatives.
As on July 15, the company had 51 ongoing projects with total work awarded amounting to Rs 6,183 crore, of which Rs 2,384 crore worth work has been executed and the remaining part amounting to Rs 3,799 crore constitutes the order book.
The equipment fleet comprised about 499 construction equipment and vehicles as of March.
