Vishnu Prakash R Punglia submits draft for an IPO to SEBI

17 Apr 2023 CW Team

Construction company Vishnu Prakash R Punglia. from Jodhpur has submitted draft papers to the Securities Exchange Board of India (SEBI) in order to raise money through an IPO.

A new issue of up to 31.20 million shares is included in the IPO. The issue's main managers are Choice Capital Advisors and Pantomath Capital Advisors.

The proceeds from the new issue, worth Rs 580 million, would be used to cover the costs of capital expenditures for the purchase of machinery and equipment. Additionally, the company intends to use Rs 1.4 billion for working capital needs.

This business, which specialises in integrated engineering, procurement, and construction (EPC), has a wealth of experience designing and building infrastructure projects for numerous organisations, including the Central and State Governments, autonomous bodies, and private businesses, throughout nine Indian States and one Union Territory. Water Supply Projects (WSP), Railway Projects, Road Projects, and Irrigation Network Projects are the company's four main business segments.

Its operational revenue for FY22 increased significantly from Rs 4.85 billion to Rs 7.85 billion. Compared to the same period previous year, the net profit was Rs 440.85 million as opposed to Rs 180.98 million. The EBITDA margin increased from 9.7 % to 11.26 %.

Also read:
DMRC lowest bidder for Mumbai Metro Line 3
Arunachal govt to build 50 mini hydropower plants in Chinese border

Infrastructure Urban

09 Feb 2026

Eicher Delivers First 13.5 m Electric Intercity Sleeper Bus

Eicher Trucks & Buses, a business unit of VE Commercial Vehicles Ltd., has recently delivered its first 13.5 m electric intercity sleeper bus, marking a key milestone in India’s long-distance electric mobility segment. The first bus is being operated by LeafyBus, with plans to deploy 35 buses by March 2026 across high-demand intercity corridors in North India.The initial deployment will cover routes such as Delhi–Dehradun and Delhi–Lucknow, supporting LeafyBus’ expansion across environmentally sensitive and high-density travel corridors.Commenting on the partnership, Suresh Chettia..

HCSS Showcases Unified Construction Platform at CONEXPO 2026

HCSS will recently present the next evolution of its connected construction management platform at CONEXPO-CON/AGG 2026, bringing together construction workflows, data and teams on a single platform across the entire project lifecycle. The event will be held from 3–7 March 2026 in Las Vegas, Nevada. HCSS will host two booths at the show, demonstrating how its integrated software ecosystem enables seamless collaboration between the office, field and shop, from bid stage through to project closeout. Steve McGough, President and CEO, HCSS, said, “For 40 years, we’ve done everything within..

Berger Paints Q3 Profit Declines Despite Volume Growth

Berger Paints India has reported a mixed performance for the quarter ended 31 December 2025, with healthy volume growth and margin improvement offset by softer demand conditions and cost pressures. On a consolidated basis, revenue from operations for the quarter stood at Rs 29,840 million, compared to Rs 29,751 million in the corresponding quarter last year, reflecting a marginal increase of 0.3 per cent. EBITDA (excluding other income) was Rs 4,710 million, slightly lower than Rs 4,717 million a year earlier. Net profit declined by 8.3 per cent to Rs 2,713 million from Rs 2,960 million. Sta..