Annu Projects IPO Subscription Reaches 0.49x on Day 3; QIB at 0.58x

Mumbai, August 27: The Annu Projects IPO is yet to reach full subscription as bidding moves through Day 3. The ₹175.06 crore public issue opened on August 25 and is scheduled to remain open until August 28, 2026.

As of 10:19 AM on August 27, investors had bid for 86,58,642 shares against 1,76,83,000 shares offered in the public issue. This translates into an overall subscription of 0.49 times. The issue had received 28,453 applications at the latest update.

The response has been fairly balanced across investor categories, although none of the major portions has crossed the 1x mark yet.

QIB Subscription Stands at 0.58x

The QIB (Ex Anchor) portion currently has the highest subscription among the main investor categories at 0.58 times.

QIB investors have placed bids for 10,20,307 shares against 17,68,300 shares offered to the category.

The retail portion has received bids for 48,52,536 shares against 88,41,500 shares reserved for retail investors. This puts the retail subscription at 0.55 times.

Meanwhile, the NII category has been subscribed 0.39 times, with bids for 27,85,799 shares against 70,73,200 shares available.

Within the NII segment, the sNII portion is ahead at 0.51x, while the bNII portion stands at 0.34x.

Day-wise Subscription Details

The IPO started with an overall subscription of 0.34x on Day 1. By the end of Day 2, the figure had improved to 0.47x as retail participation picked up.

On Day 3, the overall subscription has moved further to 0.49x as of the latest update. Retail demand has increased from 0.51x on Day 2 to 0.55x, while the QIB portion remains at 0.58x.

NII subscription has stayed at 0.39x, although the sNII portion has edged up from 0.50x to 0.51x.

Annu Projects IPO Details

The Annu Projects IPO is a bookbuilding issue worth ₹175.06 crore. The price band has been fixed at ₹94 to ₹99 per share.

The minimum lot size is 151 shares, which means a retail investor needs ₹14,949 at the upper end of the price band to apply for one lot.

The issue is entirely a fresh issue and comprises:

• Fresh Issue: 1,76,83,000 shares worth ₹175.06 crore
• Offer for Sale: None
• Total Issue Size: 1,76,83,000 shares

The company has reserved 10% of the issue for QIBs, 40% for NIIs and 50% for retail investors.

The IPO is scheduled to list on both the NSE and BSE.

Annu Projects IPO Lot Size

Investors can apply for a minimum of 151 shares and in multiples of 151 shares thereafter.

At the upper price of ₹99 per share, one retail lot requires an investment of ₹14,949.

For HNI investors, the minimum application starts at 2,114 shares for the sHNI category, requiring ₹2,09,286 at the upper price. The minimum bHNI application is 10,117 shares, amounting to ₹10,01,583.

What Happens After the IPO Closes?

The Annu Projects IPO is still open for subscription and will close on August 28, 2026. Investors still have the remainder of the bidding period to place their applications.

The tentative IPO schedule is:

The basis of allotment is expected to be finalised on August 31. Shares allotted to successful applicants are expected to be credited to their demat accounts on September 1, while refunds for unsuccessful applications are also scheduled around August 31.

The company’s shares are expected to make their market debut on September 2, 2026, on both the NSE and BSE.

About Annu Projects Ltd.

Annu Projects Ltd. operates as an engineering, procurement and construction (EPC) company. Its business covers the design, development, implementation, operation and maintenance of infrastructure projects.

The company works across areas including telecom infrastructure, sewerage infrastructure, vertical gas pipelines and pipeline infrastructure.

Its business is therefore linked to essential utility and infrastructure projects, where execution capabilities and the ability to manage large-scale projects remain important factors.

Conclusion

The Annu Projects IPO has reached 0.49x subscription on Day 3, based on the latest figures available at 10:19 AM on August 27.

QIB investors currently lead with 0.58x subscription, followed by retail investors at 0.55x and NIIs at 0.39x. Within the NII segment, sNII demand stands at 0.51x, while bNII is at 0.34x.

With one more day of bidding left, the subscription numbers can still change significantly before the issue closes on August 28. Investors will then turn their attention to the August 31 allotment and the proposed September 2 listing on the NSE and BSE.

Source:

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