Vishnu Prakash IPO: Strong Investor Response to Vishnu Prakash R Pungalia Limited’s Public Offering
Vishnu Prakash IPO (Vishnu Prakash R Pungalia Limited’s IPO) has received a remarkable response from investors so far. The IPO was fully subscribed today, on the last day of the subscription period.
The Vishnu Prakash IPO has been oversubscribed by over 88 times. Notably, this IPO had opened for subscription on August 24th and was fully subscribed within a few hours of its opening. Investors had the opportunity to invest in this issue until August 28th.
Vishnu Prakash IPO GMP
The IPO is priced at ₹99 with a GMV of ₹54. This means investors could potentially earn a profit of up to 55% upon listing.
Also Read : The Shares of this company has skyrocked
Vishnu Prakash IPO Subscription Details
Investors have shown strong interest in the Vishnu Prakash R Pungalia IPO. The issue garnered bids for 192.4 crore equity shares, and by the final day of bidding on August 28th, the issue size of 2.19 crore shares received an 87.73 times subscription.
Retail investors – 31.87 times.
Employees – 12.85 times.
Vishnu Prakash IPO Company’s Plans
The Rajasthan-based construction company aims to raise ₹308.88 crore through its IPO. This offer comprises only fresh issue shares, so the entire amount raised from the IPO will go to the company, excluding issue expenses.
The company had already raised ₹91.77 crore from anchor investors on August 23rd. These anchor investors include Copthall Mauritius Investment, BNPP Arbitrage, Quant Mutual Fund, Max Life Insurance Company, Society General, and Kotak Mahindra Life Insurance Company.
