Pranav Constructions IPO Debuts Following Strong Subscription
· Business · Economic Times, Business Standard
Shares of Pranav Constructions are scheduled to list on the BSE and NSE on Tuesday, September 15, 2026. The company’s Rs 351.03-crore IPO was priced at Rs 124 per share and received a subscription of 121 times during its bidding period. Grey market data indicates a premium of approximately 42%, suggesting an estimated listing price of around Rs 176 per share. The IPO saw significant interest from Qualified Institutional Buyers, who subscribed 258.71 times to their allocated portion.
Why it matters
The high subscription levels and grey market premium suggest strong investor confidence in the company's market debut.
Read the original report — Economic Times
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