VPRPL is an EPC company operating in 9 states and 1 union territory, showing growth in both sales and profits. It has orders worth around Rs. 3800 crore as of July 15, 2023. With a good Return on Capital Employed (ROCE) of 33.72% and a Debt-to-Equity (D/E) ratio of 0.8, the IPO seems reasonably priced considering its earnings in FY23. Investors aiming for medium to long-term gains may find it worth considering. The company is focusing on expanding its assets, and its profits are rising quickly compared to its borrowing levels, which could be attractive to informed investors.