- Pranav Constructions' IPO was subscribed 5.36 times on Day 1.
- Grey Market Premium (GMP) signals a 35% listing gain.
- IPO open until September 9, 2026, for bidding.
Pranav Constructions IPO got an overwhelming response from investors on its first day on Monday, September 7, 2026. The Rs 351.03 crore initial share sale was fully subscribed within the first few hours of opening. Later, it ended the first day with a staggering 5.36 times subscription, getting bids for 12,03,12,600 shares against 2,24,63,137 total offered equities.
Meanwhile, the strong response in bidding translates into the grey market as well, with Pranav Construction GMP soaring nearly 35 per cent.
Pranav Construction IPO GMP
Pranav Constructions IPO latest GMP was 43, last updated at 04:01 PM on Investorgain–a grey market tracking platform. With this, the company's shares show a potential listing at Rs 167 per share, up 34.68 per cent from the IPO’s upper price band of Rs 124 per share.
The grey market is an unofficial market wherein ipo bound companies' shares trade before listing on stock exchanges.
Pranav Constructions IPO: Day 1 Subscription status
According to NSE data till 4:33 PM, the IPO was subscribed 5.36 times.
Category | Subscription (Times) |
|---|---|
Overall | 5.36 |
Non-Institutional Investors Quota | 9.61 |
Retail Individual Investors Quota | 5.52 |
Qualified Institutional Buyers Quota | 0.87 |
Pranav Constructions IPO Details: Price Band, Lot Size, Issue Size And Other Details
Total Issue Size: Rs 351.03 crores
Fresh Issue: 2.55 crore shares aggregating to Rs 315.60 crores
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Offer for Sale: 28.57 lakh shares aggregating to Rs 35.43 crores
Bidding Dates: September 7, 2026 to September 9, 2026
IPO Allotment Date: September 10, 2026
Shares Listing Date: September 15, 2026 (tentative, on NSE and BSE)
Price Band: Rs 118 to Rs 124 per share
Lot Size: 120 shares
Minimum Investment (Retail): Rs 14,880 (120 shares at upper price band)
Centrum Capital Ltd is the book-running lead manager, and Kfin Technologies Ltd is the registrar for the Pranav Constructions IPO.