Pranav Constructions IPO Opens With 36% Grey Market Premium
· Business · Economic Times, LiveMint
The ₹351.03 crore IPO of Mumbai-based Pranav Constructions opened for subscription today with a grey market premium of ₹44, signaling a potential 36% listing gain. The company has set a price band of ₹118–₹124 per share, with retail investors required to bid for a minimum lot size of 120 shares. Ahead of the public issue, the developer secured ₹84.24 crore from anchor investors. The subscription window remains open until September 9, 2026, with shares expected to list on the NSE and BSE on September 15.
Why it matters
Strong institutional interest and high grey market premiums suggest significant retail demand for this real estate developer's public market debut.
Read the original report — Economic Times
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