Annu Projects IPO Day 2 Subscription Status: Issue Subscribed 0.47x

Mumbai, August 26: The Annu Projects IPO saw demand improve on its second day, although the issue is still some distance away from full subscription. According to the latest data available at 3:01 PM on August 26, 2026, the ₹175.06 crore public issue was subscribed 0.47 times.

Investors had placed bids for 82,81,293 shares, compared with 1,76,83,000 shares on offer. Based on the upper end of the ₹94-₹99 price band, the bids were worth around ₹81.95 crore.

The issue had received 26,405 applications by the time of the update.

Among the three main investor categories, QIBs had the highest subscription at 0.58 times. Retail investors followed at 0.51 times, while the NII portion stood at 0.39 times.

The numbers suggest that interest has picked up from the opening day, but the final two days of bidding will be important for the issue.

Annu Projects IPO Subscription Status Day 2

The category-wise subscription figures as of 3:01 PM on August 26 are:

• Overall: 0.47x
• QIB (Ex-Anchor): 0.58x
• NII: 0.39x
• bNII (> ₹10 lakh): 0.34x
• sNII (< ₹10 lakh): 0.50x
• Retail: 0.51x
• Total Applications: 26,405

QIB demand remains the strongest among the main categories, although the portion is yet to be fully subscribed.

Retail participation has also improved noticeably. The category moved from 0.28x on Day 1 to 0.51x on Day 2, meaning investors have covered just over half of the shares reserved for them.

Within the NII segment, sNII investors are at 0.50x, ahead of the 0.34x subscription recorded by bNII investors.

Day-Wise Subscription Trend

The Annu Projects IPO closed its first day with subscription of 0.34 times. By 3:01 PM on Day 2, the overall figure had climbed to 0.47 times.

The clearest movement has come from the retail category, which nearly doubled its subscription level from 0.28x to 0.51x.

NII demand has also edged higher, while QIB participation has remained broadly steady at around 0.58x.

The IPO now enters its final stretch. Whether the issue reaches full subscription will largely depend on the pace of bidding during the remaining sessions.

Annu Projects IPO Details

Annu Projects is raising ₹175.06 crore through a bookbuilding issue. Unlike IPOs that combine fresh shares with an offer for sale, this issue consists entirely of a fresh issue of 1,76,83,000 equity shares.

At the upper price of ₹99 per share, a retail investor needs ₹14,949 to apply for one lot of 151 shares.

Annu Projects IPO Issue Reservation

The issue has been divided between QIB, NII and retail investors:

• QIB: 17,68,300 shares — 10%

• NII: 70,73,200 shares — 40%

• Retail: 88,41,500 shares — 50%

Retail investors have the largest reservation in the issue, while NIIs account for 40% of the shares offered to the public.

Annu Projects IPO Timetable

The important dates investors should keep in mind are:

• IPO Opens: August 25, 2026

• IPO Closes: August 28, 2026

• Allotment: August 31, 2026

• Refund: August 31, 2026

• Demat Credit: September 1, 2026

• Tentative Listing: September 2, 2026

The allotment and listing dates are tentative and may be revised as per the final issue process.

About Annu Projects Ltd.

Annu Projects Limited is an engineering, procurement and construction (EPC) company working across infrastructure-related projects.

Its operations cover three key areas — telecom infrastructure, sewerage infrastructure and gas pipelines.

In telecom, the company handles activities such as surveying, designing and installing cabling and tower infrastructure. Its sewerage work includes pipeline laying, manhole construction, sewage treatment plants and pumping stations.

The company also works on MDPE gas pipelines ranging from 20 mm to 125 mm, catering to domestic and commercial gas distribution requirements.

Conclusion

The Annu Projects IPO was subscribed 0.47 times by 3:01 PM on August 26, compared with 0.34 times at the end of Day 1. QIBs had subscribed 0.58x, retail investors 0.51x and NIIs 0.39x of their respective portions.

The issue still has two bidding days left and closes on August 28. The final subscription numbers could change significantly if investor activity picks up towards the end of the issue.

For now, the IPO is seeing a measured response rather than a rush for shares. Investors tracking Annu Projects should therefore look beyond the live subscription multiple and assess the company’s fundamentals and IPO disclosures before deciding whether the issue fits their investment strategy.

Source:

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