Vishnu Prakash R Punglia IPO GMP History
Vishnu Prakash R Punglia IPO has been listed on September 5, 2023 at a listing price of ₹165, against the issue price of ₹99 — a gain of ₹66 (+66.67%). The GMP peaked at ₹171.69 on 28 August 2023 and reached a low of ₹0.05 on 24 August 2023. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Vishnu Prakash R Punglia IPO raised ₹308.61 Cr. through its IPO at a price band of ₹94 to ₹99 per share, with a lot size of 150 shares. The IPO was open for subscription from 24 Aug 2023 to 28 Aug 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:04 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 04 Sep 2023 | ₹ 55 | — | 56% | — | — |
| 02 Sep 2023 | ₹ 55 | — | 56% | — | — |
| 01 Sep 2023 | ₹ 55 | ▼ | 56% | — | — |
| 28 Aug 2023 | ₹ 171.69 | ▲ | 173% | — | — |
| 25 Aug 2023 | ₹ 0.35 | ▲ | -- | — | — |
| 24 Aug 2023 | ₹ 0.05 | — | -- | — | — |
Vishnu Prakash R Punglia IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 24 Aug 2023
- Close 28 Aug 2023
- Allotment 31 Aug 2023
- Refund/credit 01 Sep 2023
- Listing 05 Sep 2023
Vishnu Prakash R Punglia IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹99 |
|---|---|
| GMP-based estimate (pre-listing) | ₹154 (+55.6%) |
| Listing gain / loss | +₹66 per share |
| Listing date | 05 Sep, 2023 |
| Actual listing price | ₹165 (+66.67%) |
Is Vishnu Prakash R Punglia IPO GMP reliable?
Grey market premium for Vishnu Prakash R Punglia IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Vishnu Prakash R Punglia IPO full review for a fundamentals-based assessment before making any grey market trades.
Vishnu Prakash R Punglia IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Vishnu Prakash R Punglia IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Vishnu Prakash R Punglia IPO
Vishnu Prakash R Punglia Limited was formed by converting a partnership firm into a company in FY 2013-14. It designs and builds infrastructure projects for central and state governments, autonomous bodies and private clients.
Its work falls into four groups: water supply projects, railway projects, road projects and irrigation network projects. It holds contractor registrations with bodies such as the Jodhpur Development Authority, Rajasthan PHED, Rajasthan Water Resources Department and Military Engineering Services.
It began in Rajasthan and later expanded to states such as Uttar Pradesh, Uttarakhand, Madhya Pradesh, Gujarat, Haryana, Assam, Manipur and Maharashtra, with ongoing projects in 9 states and 1 union territory.
The IPO was Rs 308.61 crore and was entirely fresh issue. Rs 150.00 crore was planned for working capital and Rs 62.18 crore for equipment and machinery.
Frequently asked
What is the GMP of Vishnu Prakash R Punglia IPO?
The current Grey Market Premium (GMP) of Vishnu Prakash R Punglia IPO is ₹ 55.
What is the Kostak Price of Vishnu Prakash R Punglia IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Vishnu Prakash R Punglia IPO is not available.
What is the Subject to Sauda Price of Vishnu Prakash R Punglia IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Vishnu Prakash R Punglia IPO?
Vishnu Prakash R Punglia IPO listed on September 5, 2023 at ₹165, against the issue price of ₹99 — a gain of +66.67%.
How did the GMP of Vishnu Prakash R Punglia IPO trend before listing?
The GMP of Vishnu Prakash R Punglia IPO was stable in its final days before listing. The GMP peaked at ₹171.69 on 28 August 2023. View the day-wise table above for the complete GMP history.
Explore Vishnu Prakash R Punglia IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
