Annu Projects IPO Subscription Status Day 2: Issue Subscribed 0.38 Times

Mumbai, August 26: The Annu Projects IPO saw a modest improvement in demand on its second day, although the issue is still some distance away from full subscription.

By the end of bidding on August 26, 2026, the ₹175.06 crore IPO was subscribed 0.38 times, with investors placing bids for 66,45,057 shares against 1,76,83,000 shares available in the public issue. The QIB category continued to lead among the investor segments, with its portion subscribed 0.57 times. The NII category reached 0.37 times, while the retail portion was subscribed 0.34 times.

The Annu Projects IPO opened on August 25 and will remain open for subscription until August 28, 2026.

Annu Projects IPO Subscription Status Today

Here is the category-wise subscription position at the end of Day 2:

The IPO has received 18,047 applications as of Day 2.

The QIB segment has seen the strongest response so far. Its subscription remained at 0.57 times on both Day 1 and Day 2. Retail participation improved from 0.28 times to 0.34 times, while the NII category moved up from 0.36 times to 0.37 times.

Annu Projects IPO Day 2 Subscription Details

The retail portion was subscribed 0.34 times on Day 2. Investors bid for 30,47,180 shares against 88,41,500 shares reserved for the category.

The NII portion received bids for 25,87,687 shares, compared with 70,73,200 shares on offer, taking its subscription level to 0.37 times.

Breaking the NII category down further, the sNII portion was subscribed 0.43 times, while the bNII portion stood at 0.33 times.

The QIB category received bids for 10,10,190 shares against 17,68,300 shares offered, resulting in a subscription of 0.57 times.

Overall, the issue moved up from 0.34 times on Day 1 to 0.38 times on Day 2.

Annu Projects IPO Day-Wise Subscription

The day-wise bidding trend shows a gradual increase in overall demand:

The table shows that the biggest movement came from retail investors, whose subscription level increased from 0.28 times to 0.34 times. NII demand also edged higher, while QIB participation stayed unchanged at 0.57 times.

Annu Projects IPO Price Band and Lot Size

Annu Projects has fixed the IPO price band at ₹94 to ₹99 per share. The lot size is 151 shares, making ₹14,949 the minimum investment required by a retail investor bidding at the upper end of the price band.

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

A bNII investor needs to apply for at least 10,117 shares, equivalent to 67 lots, involving an investment of ₹10,01,583 at the upper band.

The shares are proposed to be listed on both the BSE and NSE, with the tentative listing date set for September 2, 2026.

Annu Projects IPO Issue Details

The Annu Projects IPO is entirely a fresh issue of 1,76,83,000 equity shares, aggregating to around ₹175.06 crore at the upper end of the price band.

The issue has been divided across three main investor categories:

Retail investors have the largest allocation at 50% of the issue, followed by NIIs at 40%. QIBs have been allotted 10% of the total issue.

Annu Projects IPO Important Dates

The Annu Projects IPO is still open for subscription, with August 28 being the final bidding day.

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 such as telecom infrastructure, sewerage infrastructure and gas pipeline projects.

In telecom infrastructure, Annu Projects undertakes activities including the surveying, designing and installation of cabling and tower infrastructure used for communication and related systems. Its customer base includes organisations such as Bharat Sanchar Nigam Limited (BSNL), A2Z Infra Engineering and Bharat Broadband Network.

The company also undertakes sewerage-related work, including pipe laying, construction of manholes, sewerage treatment plants, pumping stations and other associated infrastructure.

In the gas pipeline segment, Annu Projects is involved in laying MDPE and steel pipelines along with gas-house connections for domestic and commercial consumers.

Annu Projects IPO: What Investors Should Know

The Day 2 numbers show that the IPO is attracting bids, but demand remains below the total number of shares on offer. The overall subscription level has moved only slightly, from 0.34 times on Day 1 to 0.38 times on Day 2.

QIB participation has been steady at 0.57 times, while the NII category has remained below full subscription at 0.37 times. Retail investors have shown a somewhat better pickup, taking their subscription level to 0.34 times from 0.28 times on the first day.

With one more day of bidding left, the final subscription picture will depend heavily on whether demand picks up in the retail and NII segments on the closing day.

Conclusion

The Annu Projects IPO remained undersubscribed at the end of Day 2, with the issue reaching 0.38 times subscription against the shares available for public bidding.

QIBs recorded the highest subscription at 0.57 times, followed by NIIs at 0.37 times and retail investors at 0.34 times. The IPO has attracted 18,047 applications so far.

The issue will remain open until August 28, 2026. Investors will now be watching the final day of bidding to see whether demand picks up enough to take the IPO closer to full subscription.

Source:

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