Vishnu Prakash R Punglia Shares Crash 85% from Peak; IPO Investors' Capital Halved

• Vishnu Prakash R Punglia shares plummeted over 85% from their record high, facing heavy selling pressure.
• IPO investors' capital has more than halved; the stock closed at ₹50.19, hitting a one-year low of ₹49.48.
• The stock had seen a significant surge after its IPO, reaching a record high of ₹345.85.
• The ₹309 crore IPO was oversubscribed 87 times and listed at a 65% premium.
• Promoters reduced their stake from 67% to 58.66%, while Quant Smallcap Mutual Fund increased its holding.

Why It Matters: Vishnu Prakash R Punglia shares crashed 85% from peak, halving IPO investors' capital.