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The shares of Vishnu Prakash R Punglia, a company involved in the civil construction industry, are making waves. Shares of the company surged over 13 percent to Rs. 226.45 has been reached. Shares of Vishnu Prakash R Punglia have made their new 52-week high. The company’s IPO came just two and a half months ago and the company’s stock has gained more than 110% since its launch in the market.
In the IPO, the company’s shares were priced at Rs. 99 is available
Vishnu Prakash R Punglia’s IPO Rs. It came to the price band of 94-99. Shares of the company Rs. 99 were allocated at an upper price band. Shares of the company on September 5, 2023 at Rs. 163.30 were listed. Now the shares of Vishnu Prakash R Punglia have reached Rs 226.45 on 16 November 2023. The company’s shares hit a 52-week low of Rs 144. The company’s IPO was opened on 24 August 2023 and remained open till 28 August.
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The IPO was subscribed more than 87 times
Vishnu Prakash R Punglia’s IPO was subscribed a total of 87.82 times. The IPO of the company was subscribed 32.01 times the quota of retail investors. Whereas, non-institutional investors’ quota was subscribed 111.03 times. While the quota of Qualified Institutional Buyers (QIB) has been subscribed 171.69 times. The company’s IPO was subscribed 12.97 times the employee quota. In a company’s IPO, retail investors can apply for a minimum of 1 lot and a maximum of 13 lots.
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