Vishnu Prakash R Punglia IPO
Vishnu Prakash R Punglia Limited (VPRPL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 05 September 2023.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +62.9% (likely range +22% to +74%), day's high +64.5%, chance of a gain 97%. Actual: +66.7% at the open, +66.7% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 61,80,000 | 1,06,10,59,500 | 172x | |
| NII (HNI) total | 46,35,000 | 51,46,45,500 | 111x | |
| Big NII (above ₹10 lakh) | 30,90,000 | 34,61,38,350 | 112x | |
| Small NII (₹2-10 lakh) | 15,45,000 | 16,85,07,150 | 109x | |
| Retail | 1,08,15,000 | 34,62,41,700 | 32.0x | |
| Employees | 3,00,000 | 38,90,850 | 13.0x | |
| Total | 2,19,30,000 | 1,92,58,37,550 | 87.8x |
Bids on NSE and BSE together, as published by NSE, as of 28 Aug 2023, 07:00 PM. Shares offered exclude the anchor portion. 15% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Vishnu Prakash R Punglia's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Aeroflex IndustriesAug 2023 | 195x | 126x | 34.4x | 97.1x | ₹352 Cr | +75.9% | +81.8% |
| Netweb Technologies IndiaJul 2023 | 229x | 81.8x | 19.2x | 90.4x | ₹625 Cr | +89.4% | +90.4% |
| Harsha Engineers InternationalSep 2022 | 178x | 71.3x | 17.6x | 74.7x | ₹794 Cr | +36.4% | +59.9% |
| Laxmi Organic IndustriesMar 2021 | 175x | 218x | 20.1x | 107x | ₹605 Cr | +19.6% | +34.3% |
| Senco GoldJul 2023 | 181x | 65.0x | 15.5x | 73.4x | ₹427 Cr | +35.6% | +40.1% |
| Utkarsh Small Finance BankJul 2023 | 125x | 81.6x | 72.1x | 102x | ₹543 Cr | +60.0% | +92.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Choice Capital Advisors | 9 | +24.8% | 100% |
| Pantomath Capital Advisors | 19 | +20.0% | 79% |
Offer documents (NSE)
Frequently asked
What is the Vishnu Prakash R Punglia IPO price band and lot size? ₹94.0–99.0 per share, with a lot of 150 shares, so the smallest retail bid is ₹14,850.
How many times has it been subscribed? 87.8x overall: QIB 172x, NII 111x, retail 32.0x, employees 13.0x.
How did it list? It opened at ₹165, +66.7% against the issue price of ₹99.0, and closed its first day +47.2%.
