Vishnu Prakash R Punglia Ltd. has announced public offering of 31200000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 89.00 per share. The gross proceeds of the issue are expected to be Rs 30,888.00 lakhs.
The company's initial public offer (IPO) will open on 24 August 2023 and is expected to close on 28 August 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 94.00-99.00 per share.
The IPO includes a fresh Issue of 31200000 Equity Shares of the Company at an price of Rs 99.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 150 shares with bids in multiples of 150.
Vishnu Prakash R Punglia Ltd. anticipates using the proceeds of the issue for .
Choice Capital Advisors Pvt. Ltd.,Pantomath Capital Advisors Pvt. Ltd. as lead manager(s) & is the registrar, to the issue.