Pranav Constructions IPO subscribed over 20 times on third day
· Business · IPO Watch, Economic Times
The Pranav Constructions IPO has seen strong demand, recording subscribed more than 20 times by the end of the third trading day. The issue has attracted significant interest from retail and institutional investors. Non-Institutional Investor (NII) participation contributed a major portion to the high subscription figures. The final allotment process is expected to follow once the bidding period concludes and verification completes.
Why it matters
High subscription levels indicate robust investor confidence in the construction entity, which could lead to a substantial listing gain.
Read the original report — IPO Watch
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