Vishnu Prakash R Punglia Limited: Integrated EPC Projects & Strong IPO Opportunity

Vishnu Prakash R Punglia Limited, established in 1986, specializes in integrated Engineering, Procurement, and Construction (EPC) projects. It holds a strong record in executing a variety of infrastructure projects across 9 Indian States and 1 Union Territory for Central and State Governments, autonomous bodies, and private entities.

The company focuses on four main segments: Water Supply Projects (WSP), Railway Projects, Road Projects, and Irrigation Network Projects.

The company's upcoming IPO is scheduled to run from August 24th to August 28th, 2023, with a listing planned for September 5th. The IPO issue size is Rs. 308.88 Crore, with an issue price ranging from Rs. 94 to Rs. 99 per share. The shares will be listed on both NSE and BSE, and the allocation is divided among retail, non-institutional, and institutional investors.

The company's financial performance has been strong over the past few years, with growth in total assets, revenue, and net worth. Revenue from projects in Rajasthan has shown steady growth as well.

Compared with peers, the company has a total income of Rs. 11,714.64 million and an EPS of Rs. 10.41.

Strengths and Weaknesses

Strengths include expertise in Water Supply Projects, a strong order book, established client relationships, a successful project delivery history, and an integrated in-house model. Weaknesses encompass ongoing legal disputes, project risks, Rajasthan-centric operations, and financial concerns.

Vishnu Prakash R Punglia Limited presents a favorable opportunity for investors due to its strong order book, financial stability, and positive market sentiment. However, a comprehensive analysis is advised before considering investment.

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