The IPO of Vishnu Prakash R Punglia Limited (Vishnu Prakash IPO) has commenced today, with subscription open until August 28, 2023.
The IPO price range is set at Rs 94-99 per equity share. The gray market is already showing a premium of Rs 65 per share.
Subscription Status of Vishnu Prakash IPO
As of 10:48 am on the first day, the book build issue has been subscribed 0.48 times, with the retail portion seeing a subscription of 0.71 times, and the NII portion at 0.58 times.
Gray Market Premium (GMP) for Vishnu Prakash IPO
Market experts report a Gray Market Premium (GMP) of Rs 65 for the Vishnu Prakash IPO today.
Key Details about Vishnu Prakash IPO
Price Band: The IPO’s price band is set at Rs 94-99 per equity share.
IPO Date: The IPO is available for subscription until August 28, 2023.
IPO Size: The company aims to raise Rs 308.88 crore through its initial offer.
Lot Size: Bidders can apply in lots, with one lot consisting of 150 shares.
Investment Limit: Retail investors can apply for a lot of 150 shares, requiring a minimum of Rs 14,850 (99 x 150) for application.
Allotment Date: The tentative date for share allotment finalization is August 31, 2023.
Registrar: Link Intime India Pvt Ltd is the official registrar for the IPO.
Listing Date: The IPO is expected to be listed on both BSE and NSE, with a potential listing date of September 5, 2023.
