Vishnusurya IPO listing: Vishnusurya IPO Started With 7.4% Premium

On Tuesday, October 10, 2023, the  Vishnusurya Projects and Infra Limited showed lukewarm behavior when it started on NSE SME today. Reportedly,  Vishnusurya Projects and Infra Limited IPO started at Rs 73 per share which is 7.4 percent higher than the price per share it was issued at Rs 68. On NSE SME,  Vishnusurya IPO was listed at Rs 73 per share 7.4 percent higher than the issue price of Rs 68. After significant growth, the  Vishnusurya Projects and Infra Limited IPO showed a lukewarm growth as it was listed at Rs 75 per share. We have come up with this column to tell you how  Vishnusurya IPO is behaving in the market. Here is everything that you need to know about  Vishnusurya Projects and Infra Limited share. Keep reading this article. Swipe down.

Vishnusurya IPO listing

With the face value of Rs 10 the Vishnusurya Projects and Infra Limited  IPO price band was listed at Rs 68 each. Thereafter, the  Vishnusurya Projects and Infra Limited IPO lot size was 2000 equity shares and in multiples of 2000 equity shares. On Friday, September 29, 2023, the  Vishnusurya Projects and Infra Limited IPO debuted for subscription and it closed on Thursday, October 5. Do you know what the worth of  Vishnusurya IPO is? It is worth Rs 49.98 crores which is a fresh issue of 7,350,000 equity shares. In addition, no OFS (offer-for-sale) component is there for it.

Talking about the promotor of the company, Bhavani Jayaprakash is promoting the company’s IPO. It is said that  Vishnusurya intends to use the net proceeds from the offering to pay for the company’s working capital needs, the whole repayment of some existing borrowings received by the company, or general corporate purposes. As per the reports suggested, the registrar of  Vishnusurya IPO is Camo Corporate Services Ltd and the book-running manager is Khandwala Securities Limited. The market maker for the Vishnusurya IPO is Nikunj Stock Brokers.

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Talking about Vishnusurya Projects and Infra Limited IPO GMP for today, the grey market premium for the company is more than 7 which indicates the share price of the company was trading at a premium of Rs7 on Tuesday in the grey market. The estimated listing price of Vishnusurya Projects and Infra share price is Rs75 apiece, which is 10.29% higher than the IPO price of Rs68. According to RHP, the listed peers of Vishnusurya are Sonu Infratech Ltd (with a P/E of 12.32), Rachana Infrastructure Ltd (with a P/E of 80.90), and AB Infrabuild Ltd (with a P/E of 5.60). Stay tuned.

Amzad Khan
Amzad Khan

Hey there, guys. I am Amzad Khan. I enjoy writing on topics related to my interests in gaming and technology. My work has attracted a dedicated fan base thanks to the fresh and unexpected angle I bring to each piece.