Initial Public Offering of Jodhpur-based Vishnu Prakash R Punglia Limited is an integrated Engineering, Procurement and Construction ("EPC") company, which specializes in water supply projects (WSP) was subscribed 87.80 times on the final day of bidding.
The issue received bids of 1,92,54,55,350 shares against the offered 2,19,30,000 equity shares, at a price band of ?94-99, according to the data available on the stock exchanges.
Qualified Institutional Buyer Portion was the most subscribed with 171.69 times, followed by Non-Institutional Investors Portion with 111.02 times. Retail Portion was subscribed 31.99 times, whereas Employee Portion was subscribed 12.96 times.
Choice Capital Advisors Private Limited and Pantomath Capital Advisors Private Limited are the book-running lead managers. Company's equity shares are proposed to be listed on the BSE and NSE.