Pranav Constructions IPO Subscription & Allotment Status: How to Check as GMP Signals Up To 37% Listing Gain

Pranav Constructions IPO closed today with strong investor interest on the last day of its bidding. The Rs. 351.03 crore mainboard IPO, which opened for subscription on September 7, closed today, September 9. The issue has attracted strong demand from non-institutional and retail investors, and is performing very well in the grey market giving investors high hopes for listing gain.

The Pranav Constructions IPO has a price band of Rs. 118 to Rs. 124 per equity share, with a lot size of 120 shares. At the upper price band, retail investors need to invest a minimum of Rs. 14,880 for one lot. The Pranav Constructions IPO is worth Rs. 351.03 crore and comprises a fresh issue of Rs. 315.60 crore and an OFS of Rs. 35.43 crore.

Ahead of the public issue, Pranav Constructions raised around Rs. 84.25 crore from anchor investors at Rs. 124 per share on September 4.

Pranav Constructions IPO Subscription Status

The IPO has received a strong response since bidding opened. On Day 1, the issue was subscribed around 5.7 times. By Day 2, overall subscription had climbed to around 18.21 times, according to subscription data on BSE. The NII category was subscribed 43.76 times, while the retail portion was booked 15.77 times.

On the final day,NSE data showed the issue had received 126.20 times subscription with NIIs and retail investors bids reaching to 217.67 times and 268.54 times, respectively.

Pranav Constructions IPO GMP Today

The Pranav Constructions IPO GMP today is at Rs. 41 per share, according toInvestorgain website. At the upper issue price of Rs. 124 and a GMP of Rs. 46 the listing price comes approximately Rs. 170 per share with an expected gain of 33.06%.

Yes. You can add a "How To Check Pranav Constructions IPO Allotment Status" section with both the registrar website and broker app options

How To Check Pranav Constructions IPO Allotment Status

Those who have applied for the Pranav Constructions IPO can check the allotment status once the allotment is finalised on September 10.

How To Check Pranav Constructions IPO Allotment Via Kfin Technologies
Step 1: Visit the Kfin Technologies IPO allotment status page.
Step 2: Select Pranav Constructions IPO from the issue name.
Step 3: Enter your PAN number, application number or DP/Client ID.
Step 4: Enter the captcha, if required.
Step 5: Click on Submit.
Step 6: Your Pranav Constructions IPO allotment status will appear on the screen.

Investors can also check the allotment status through their broker's mobile app after the allotment is finalised.