Ahead of the issue opening, the company raised nearly Rs 92 crore from anchor investors where Quant MF, Kotak Mahindra Life Insurance Company, Max Life Insurance Company among others participated.
Vishnu Prakash IPO: Vishnu Prakash R Punglia' unlisted shares are currently trading Rs 54 higher in the grey market, which is about 54.6 per cent higher than its upper issue price of Rs 99 per share
The company s shares are expected to be listed on the exchanges on September 5. According to market sources, Vishnu Prakash R Punglia is commanding a premium of Rs 54 in the unlisted market.
Incorporated in 1986, Vishnu Prakash R Punglia is engaged in the business of designing and constructing infrastructure projects for the central and state governments, autonomous bodies, and private bodies.