Pranav Constructions IPO Day 1: Essential Subscription, GMP Highlights
Summary
- Pranav Constructions IPO opened for subscription on September 7, 2026, and was oversubscribed around 2 times by 10:30 a.m. on the first day of bidding.
- The ₹351.03 crore IPO has received strong demand from non-institutional and retail investors, while the latest grey market premium (GMP) stood at ₹44 per share.
Pranav Constructions IPO: Key Highlights
- IPO size: ₹351.03 crore
- Price band: ₹118–₹124 per share
- Lot size: 120 shares
- Minimum retail investment: ₹14,880
- Latest GMP: ₹44 per share
- IPO opening date: September 7, 2026
- Allotment date: September 10, 2026
- Expected listing date: September 15, 2026
Read Also: Qualiance International IPO Details
Pranav Constructions IPO Subscription Status
The Pranav Constructions IPO Day 1 opened for bidding on Monday, September 7. Cumulative demand data on the BSE show the issue oversubscribed 1.85 times within two hours of opening.
By 10:30 a.m. on September 7, Pranav Constructions IPO Day 1 had been subscribed around 2 times, reflecting strong early demand from investors.
The Pranav Constructions IPO Day 1 saw the Non-Institutional Investors (NIIs) category subscribed 3.20 times, while the Retail Individual Investors (RIIs) portion was subscribed 2.30 times. The Qualified Institutional Buyers (QIBs) category had not recorded bids at the time of the reported data.
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | Nil |
| Non-Institutional Investors (NIIs) | 3.20x |
| Retail Individual Investors | 2.30x |
| Overall | Around 2x |
Subscription figures are based on the reported intraday data and may change during the IPO bidding period.
Pranav Constructions IPO GMP Today
The latest Pranav Constructions IPO GMP was ₹44 per share as of 10:55 a.m. on September 7, according to Investorgain.
Based on the upper IPO price band of ₹124 and the reported GMP of ₹44, the implied grey market price is around ₹168 per share. This suggests a potential premium of approximately 35.48% over the upper issue price.
However, GMP is an unofficial indicator and does not guarantee the actual listing price. Grey market premiums can change before listing depending on market sentiment, demand and other factors.
Pranav Constructions IPO Price Band and Lot Size
The price band for the Pranav Constructions IPO has been fixed at ₹118 to ₹124 per share. The IPO has a lot size of 120 shares for individual retail investors.
At the upper price band of ₹124, a retail investor needs to invest a minimum of ₹14,880 for one lot.
Investors can apply for additional lots in multiples of 120 shares, subject to the applicable investment limits and IPO allocation rules.
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Pranav Constructions IPO Issue Size
The Pranav Constructions IPO is a book-built issue of ₹351.03 crore.
The issue consists of a fresh issue of 2.55 crore shares aggregating to ₹315.60 crore, along with an offer for sale (OFS) of 28.57 lakh shares aggregating to ₹35.43 crore.
The fresh issue proceeds will form part of the company’s capital raised through the IPO, while proceeds from the offer-for-sale portion will go to the selling shareholders.
Pranav Constructions IPO Allotment and Listing Date
The Pranav Constructions IPO allotment is expected to be finalized on September 10, 2026.
Following the allotment process, the company’s shares are expected to list on both the NSE and BSE on September 15, 2026, subject to the completion of the IPO process and applicable approvals.
Investors can check their allotment status after it is finalized through the registrar or other designated platforms.
Pranav Constructions IPO Registrar and Lead Manager
Centrum Capital Ltd. is the book-running lead manager for the Pranav Constructions IPO.
Kfin Technologies Ltd. is the registrar to the issue and will handle the IPO’s application and allotment-related processes.
What Investors Should Watch Next
The focus will now shift to subscription levels across investor categories as the bidding period progresses. Investors will also watch the movement in the grey market premium, although GMP should not be treated as a guaranteed indicator of listing gains.
The final subscription figures, basis of allotment and eventual listing price will provide a clearer picture of investor demand for the Pranav Constructions IPO.
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