Pranav Constructions IPO GMP Signals 35% Listing Gain, Subscribed 5.3x on Day 1

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. 

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

• 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.