VPRPL, a Jodhpur-based infrastructure company established in 1986, has initiated its initial public offering (IPO) which began on Thursday and will remain open for subscription until August 28. The firm is recognized as one of India’s rapidly growing infrastructure development companies.
Here’s a comprehensive overview of the Vishnu Prakash IPO:
- Subscription Status: By 10:48 am on the first day of bidding, the book build issue saw a subscription of 0.48 times, with the retail segment at 0.71 times and the non-institutional investor (NII) section at 0.58 times, as reported by Mint.
- Important Dates: The IPO window is active from August 24 to August 28. The tentative date for share allocation is August 31, and the listing on stock exchanges is anticipated on September 5.
- Issue Size and Share Price: Vishnu Prakash aims to raise ₹309 crore ( ₹308.88 crore) through this offering. The price range per equity share is set at ₹94 to ₹99.
- Lot Size and Investment Limit: Bidding will occur in lots, with each lot containing 150 shares of the infrastructure firm. Retail investors must allocate a minimum of ₹14,850 ( ₹99*150) to participate in the IPO.
- Registrar: The official registrar for this public issue is Link Intime India.
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