Vishnu Prakash R Punglia Ltd Prepares for Public Listing

April 13, 2023

Engineering, procurement and construction (EPC) establishment Vishnu Prakash R Punglia Ltd has filed draft papers with capital requests controller Sebi to raise finances through an original public immolation (IPO). The IPO comprises a fresh issue of 3.12 crore equity shares with no offer- for- trade (OFS) element, according to the draft red herring prospectus (DRHP).

According to request sources, the IPO size is anticipated to be Rs 300 crore. Proceeds from the fresh allocation to the tune of Rs58.64 crore will be utilised for copping capital outfit, Rs 140 crore will be used for funding the working capital conditions of the company and the balance for general commercial purposes.

The Jodhpur- grounded company has experience in the design and construction of major structure systems for the central and state governments, with ongoing systems in nine countries. The company’s profit from operations increased to Rs785.61 crore in 2021- 22 from Rs373.15 crore in 2019-20, and profit for the time rose to Rs44.85 crore from Rs12.66 crore.

As of December 2022, it has 51 ongoing systems, adding up Rs 5,653.43 crore, of which Rs 1,816.81 crore worth of work has formerly been executed. Choice Capital Advisors Private Limited and Pantomath Capital Advisors Private Limited are the book- running lead directors. The equity shares are proposed to be listed on BSE and NSE.

About Vishnu Prakash R Punglia Limited

“VISHNU PRAKASH R PUNGLIA LIMITED”. is one of India’s fastest-growing Infrastructure Development Companies. Established in 1986, the Company achieved exponential growth with a dedication to customer satisfaction and trustworthiness. In April 2013, the company progressed from a partnership firm to a Joint Stock Company under Chapter IX of the companies act 1956 registered with the Registrar of Companies, Mumbai (Maharashtra) INDIA. Maintaining a legacy of innovation in engineering designs and construction, VPRPL continues to add new milestones every year, building world-class infrastructures and creating one-stop solutions in the infrastructure domain.

With a vast experience in the Infrastructure Development Industry, the Company has executed over 50+ Infrastructure Projects to client’s satisfaction. The company’s present order book is worth more than INR 6000 Crore. VPRPL’s technical expertise and execution capabilities in Infrastructure Development Sector have been well-recognized by several States and the Central Government and Public Sector Companies of India. Every aspect of our business is characterized by professionalism and the highest standards of Corporate Governance.

With inspiring leadership, and a remarkable track record of excellence in all segments of Infrastructure Development, the Company has earned the status of being a technology-driven, resource-rich Company in India with the highest standards of Safety and sustainable practices and Corporate Governance.

The company is dedicated to expanding its ambit by executing many more Projects in the coming years with diversification into new geographies and infrastructure sectors by adding more and more Clients. VPRPL’s pursuit of perfection in engineering and construction, achieved through path-breaking technologies, innovative systems, and processes, helped deliver complex projects and solutions on time, with the best quality and cost-effectiveness.

Our Services

We are an integrated infrastructure development company having vast experience in executing major infrastructure projects for Central and State Governments, Local Bodies, Public Sector Companies, World Bank Projects, and Private Bodies across more than 12 States & Union territories in India. Our principal business operations are Infrastructure Development Works on EPC mode including their operation and maintenance activities, which are broadly divided into the following categories:

  • Water Sector which includes works like Water dams, Water Tanks, Reservoirs, Water Treatment Plants, Water supply schemes, Overhead tanks, Pipelines, Irrigation Channels etc.,
  • Sewerage Sector which includes activities like Sewerage treatment Plants, Sewer Tank drain,
  • Railway Sector, which includes all Railway works like Railway Tracks, Railway Stations and allied buildings, Platforms and Bridges
  • Road Sector, which includes Development of roads and highways, bridges and Flyovers
  • Tunneling Works
  • Buildings and Ware Houses Works
  • Multi-dimensional Smart City Projects.
  • Automation work involving PLC and SCADA.

Besides above-mentioned Project Development activities we have in house manufacturing activity for captive consumption of (i) Ready-Mix Concrete to prepare a single mixture of design grade cement concrete to be available at the construction sites, (ii) crusher unit for crushing of stones to prepare aggregates, and (iii) hot mix plant to process bitumen. With these in-house manufacturing capacities we are able to considerably reduce the Project Cost without any compromise to its quality.