Vishnu Prakash R Punglia IPO

Focused player in WSPs: : They have over 36 years of experience in executing WSPs comprising of construction and development of pipelines, water tanks, reservoirs, tunnels, overhead tanks, water treatment plants and irrigation projects.

Robust Order Book: : As on Dec ‘22, they have ongoing projects totalling Rs 56,534.34 million, of which Rs 18,168.09 million worth of work has been executed and balance Rs 38,366.24 million form part of Order Book.

Marquee client base: : Over the years, they have undertaken infrastructure projects from Central and State Governments across multiple locations and segments, and multiple projects from the same clients.

Track Record: : With more than 36 years of experience in the EPC construction industry, they have won a reputation for project management and execution on account of engineering expertise and labour, in-house integrated model and equipment deployment.

: Project Implementation Risk: Their projects are exposed to various implementation and other risks e.g. risks of time and cost overruns, and uncertainties, which may adversely affect the business.

: Client Concentration: Co derives a significant portion (80%) of revenues from a limited number (top 5) clients. The loss of any significant clients may have an adverse effect on the business.

: Working Capital Financing Risk: The business is working capital intensive involving relatively long implementation periods. High debt and restrictions imposed by financing arrangements could adversely affect our ability to conduct our business.

: Legal Proceedings: There are outstanding legal proceedings involving the Company, Directors and Promoters, which may adversely affect business, financial condition and results of operations.