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Date of the Vishnu Prakash IPO listing: Today, the Indian stock market will see the debut of Vishnu Prakash R Punglia Limited’s Initial Public Offering (IPO). The equity shares of Vishnu Prakash R Punglia Limited will be listed and admitted to trading on the market in the list of “B” group of securities as of Tuesday, September 5, 2023, according to information on the BSE website. At 10:00 AM on Tuesday during transactions, the share price of Vishnu Prakash will begin trading in a special pre-open session.
In the meantime, the grey market has turned positive on the book build problem ahead of Vishnu Prakash’s share listing on the BSE and NSE. Market watchers claim that shares of Vishnu Prakash R Pungalia Limited are currently available at a premium of 66 rupees, which translates to a 66 rupee grey market premium for Vishnu Prakash. This indicates that the grey market anticipates a good and stable launch for Vishnu Prakash shares.
Stock market professionals claim that investors responded positively to the IPO and that the offering was properly priced. The primary and secondary markets are performing well aside from this. In a special pre-open session on Tuesday, they projected a “robust” debut for Vishnu Prakash shares.
Expert opinions on Vishnu Prakash IPO
Expecting ‘strong’ shares of Vishnu Prakash to launch, Vishnu Prakash R Punglia Limited received a fantastic reaction from investors for its tiny IPO of 308 crore, according to Abhay Doshi, the founder of UnlisteArena.com, a business that specialises in unlisted securities. Along with the attractive growth in its top and bottom lines in the financials, the IPO’s pricing seemed acceptable. Investor interest has been sharply stimulated by this confluence of variables. In anticipation of its listing, feelings have gotten stronger as the primary market is performing well. As a result, we may predict another strong IPO that would generously reward investors.
Vishnu Prakash’s stock price is anticipated to open strongly. The market anticipates another successful IPO listing on Tuesday with the introduction of Vishnu Prakash R Punglia Limited (VPRPL), according to Anubhuti Mishra, Equity Research Analyst at Swastika Investmart. Around 153 to 155 dollars is the projected listing price.
She said that VPRPL is a reputable business that specialises in water supply projects. It gains from a number of government infrastructure-related programmes. The company has a track record of effectively finishing projects, and thanks to a healthy order book, it has experienced tremendous growth. In addition, this IPO received an enthusiastic 87.82 times subscription from investors.
GMP suggests a strong debut
The grey market anticipates that the listing price for the Vishnu Prakash IPO would be about 165 (99 + 66), which is almost 67% higher than the Vishnu Prakash IPO price band of 94 to 99 per equity share. As was previously announced, the Vishnu Prakash IPO GMP today is 66. The grey market is thus anticipating a listing gain of more than 65% for the fortunate allottees.