EPC player Vishnu Prakash R Punglia's Rs.309-Cr IPO oversubscribed 87.82 times

The initial public offering (IPO) of Rajasthan-based integrated engineering, procurement, and construction (EPC) enterprise Vishnu Prakash R Punglia received bids for 87.82 times the issue size. High net-worth individuals or non-institutional investors bid for 111.03 times the allotted quota, which is 15% of the total offer, while qualified institutional buyers bid 171.69 times the reserved portion, which is 50% of the offer size. The company aims to collect INR 308.88 crore from the primary only issue.