Annu Projects IPO Day 1 Subscription Status: Issue Subscribed 0.04x, Retail Leads Early Demand

Mumbai, August 25: The Annu Projects IPO made a muted start on the opening day of bidding, with investors yet to show significant interest across the issue. The ₹175.06 crore IPO was subscribed 0.04 times as of 10:59 AM on August 25, with retail investors accounting for most of the bids placed so far.

The issue had received bids for 6,94,751 shares against 1,76,83,000 shares available for subscription. Based on the upper end of the price band, the bids were worth around ₹6.88 crore. The IPO had attracted 3,074 applications at the time of the update.

The retail portion has seen the strongest response among the investor categories so far. It was subscribed 0.06 times, with bids coming in for 5,57,643 shares against 88,41,500 shares reserved for retail investors.

The NII category was subscribed 0.02 times, receiving bids for 1,37,108 shares compared with the 70,73,200 shares on offer. Within the NII segment, bNII demand stood at 0.01 times, while the sNII portion was relatively better at 0.05 times.

The QIB portion had not attracted any bids at the time of the latest update, leaving the category at 0.00 times subscription.

Annu Projects is a ₹175.06 crore bookbuilding IPO, consisting entirely of a fresh issue of 1.76 crore shares. There is no offer-for-sale component in the issue.

The company has fixed the IPO price band at ₹94 to ₹99 per share. The issue opened on August 25, 2026, and will remain available for subscription until August 28, 2026.

Annu Projects IPO Subscription Status Day 1 (As Of 10:59 AM)

The early subscription figures show that investor participation is still limited, with none of the major categories fully subscribed at this stage:

• Overall: 0.04x
• Retail: 0.06x
• NII: 0.02x
• bNII (> ₹10L): 0.01x
• sNII (< ₹10L): 0.05x
• QIB (Ex-Anchor): 0.00x
• Total Applications: 3,074

Retail investors have put in the largest number of bids so far, but even this portion is yet to reach full subscription. The retail book stands at 0.06 times, meaning bids have come in for only a small part of the shares reserved for the category.

The NII segment is further behind at 0.02 times. Within this category, smaller NII applicants have shown comparatively stronger participation, with the sNII portion reaching 0.05 times against 0.01 times for bNII.

Institutional participation has not started meaningfully yet, with the QIB portion showing 0.00 times subscription in the latest data.

Day-Wise Subscription Trend

Since the IPO opened on August 25, the available data currently covers only Day 1. The issue is still at an early stage of its bidding period, with three more days remaining before the subscription window closes.

The IPO has started on a cautious note, with the overall subscription standing at just 0.04 times in the morning update. Retail demand is currently ahead of the other categories, although it remains well below the number of shares available.

With bidding continuing through August 28, the subscription figures could change substantially as more investors enter the issue, particularly toward the final days.

IPO Details

• Issue Size: ₹175.06 crore
• Fresh Issue: 1,76,83,000 equity shares aggregating up to ₹175.06 crore
• Offer For Sale: Nil
• Price Band: ₹94 to ₹99 per share
• Lot Size: 151 shares
• Minimum Retail Investment: ₹14,949 (151 shares)
• Minimum S-HNI Investment: ₹2,09,286 (2,114 shares)
• Listing Exchange: BSE and NSE
• Issue Type: Bookbuilding IPO
• Issue Structure: Fresh Issue

At the upper end of the price band, a retail investor needs to apply for at least 151 shares, which works out to ₹14,949.

For S-HNI investors, the minimum application is 2,114 shares, or 14 lots, requiring an investment of ₹2,09,286 at the upper price.

Key Dates

• IPO Opens: August 25, 2026
• IPO Closes: August 28, 2026
• Tentative Allotment: August 31, 2026
• Refund Initiation: August 31, 2026
• Shares Credited To Demat Accounts: September 1, 2026
• Tentative Listing: September 2, 2026

About Annu Projects Ltd.

Annu Projects Limited is an engineering, procurement and construction (EPC) company involved in developing and executing infrastructure projects.

The company works across areas including telecom infrastructure, sewerage infrastructure and gas pipeline projects, covering activities such as design, development, implementation, operations and maintenance.

Its business is focused on utility infrastructure, where project execution and long-term maintenance form an important part of its operations.

Conclusion

The Annu Projects IPO has started on a subdued note, with the issue subscribed 0.04 times by 10:59 AM on August 25. Retail investors have shown the strongest early participation at 0.06 times, while NII demand stands at 0.02 times.

The institutional portion is yet to see meaningful bidding, with the QIB category at 0.00 times in the latest update. Overall, only a small portion of the issue has been covered so far.

The IPO will remain open until August 28, giving investors three more days to participate. The subscription numbers can therefore move sharply from the current levels as bidding picks up, particularly on the final two days.

Source:

• https://www.nseindia.com/market-data/issue-information?symbol=ANNU&series=EQ&type=Active