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Vishnu Prakash R Punglia IPO sails through within 2 hours of opening


The initial public offer (IPO) of Vishnu Prakash R Punglia was fully subscribed within a few hours of the bidding process on Thursday.

The issue was subscribed 1.39 times as of 12.19 pm, driven by strong demand from non-institutional and retail investors.

The retail portion of the issue was subscribed 2.03 times, and the non-institutional category’s subscription rate stood at 1.78 times. There were no bids from qualified institutional buyers so far.

More to come…



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