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Pranav Constructions IPO Day 1 Subscription Status: Issue Booked 5.90 Times
Authored By HDFC SKY | Last Modified: Sep 7, 2026 05:16 PM IST
Pranav Constructions IPO was subscribed 5.90 times on Day 1, with NII at 10.97x, retail at 5.98x and QIB (Ex Anchor) at 0.90x as of September 07, 2026.
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Mumbai, September 07: Pranav Constructions IPO saw strong bidding on the opening day, with the issue subscribed 5.90 times as of September 07, 2026 at 4:54:49 PM.
The bookbuilding issue opened for subscription on September 07 and will close on September 09, 2026. The IPO comprises a fresh issue of 2.55 crore shares aggregating up to ₹315.60 crore and an offer for sale of 28.57 lakh shares worth up to ₹35.43 crore.
The price band has been fixed at ₹118 to ₹124 per share, while the lot size is 120 shares. At the upper end of the price band, the minimum investment for one retail lot is ₹14,880.
Pranav Constructions IPO Day 1 Subscription Status
By the reported timestamp, investors had bid for 12.69 crore shares against 2.15 crore shares available under the public portion of the issue.
| Category | Shares Offered | Shares Bid For | Subscription |
| QIB (Ex Anchor) | 45,29,358 | 40,84,320 | 0.90x |
| NII | 42,46,272 | 4,65,96,600 | 10.97x |
| NII (> ₹10 lakh) | 28,30,848 | 2,68,95,240 | 9.50x |
| NII (< ₹10 lakh) | 14,15,424 | 1,97,01,360 | 13.92x |
| Individual Investors | 1,27,38,816 | 7,62,34,680 | 5.98x |
| Total | 2,15,14,446 | 12,69,15,600 | 5.90x |
The NII segment recorded the strongest subscription among the broad investor categories, with demand reaching 10.97 times the shares reserved for the segment. Within NII, applications below ₹10 lakh were subscribed 13.92 times, compared with 9.50 times for applications above ₹10 lakh.
The retail portion was subscribed 5.98 times on Day 1. QIB participation was comparatively measured, with the portion excluding anchor investors receiving bids equivalent to 0.90 times the shares on offer.
Category-wise Pranav Constructions IPO Subscription Status
| Investor Category | Subscription |
| QIB (Ex Anchor) | 0.90x |
| NII | 10.97x |
| NII (> ₹10 lakh) | 9.50x |
| NII (< ₹10 lakh) | 13.92x |
| Individual Investors | 5.98x |
| Total | 5.90x |
Pranav Constructions Day-Wise Subscription Summary
The issue recorded a strong opening-day response, led by the NII and retail categories. The overall subscription stood at 5.90 times by the reported timestamp on September 07.
| Date | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
| Sep 07 (Day 1) | 0.90x | 10.97x | 9.50x | 13.92x | 5.98x | 5.90x |
Pranav Constructions IPO Timeline
| IPO Milestone | Date |
| Issue Open Date | September 07 2026 |
| Issue Close Date | September 09 2026 |
| Basis of Allotment Date | September 10 2026 |
| Initiation of Refunds | September 11 2026 |
| Credit of Shares | September 11 2026 |
| Listing Date | September 15 2026 |
Brief Overview Of The IPO
Pranav Constructions IPO is a bookbuilding issue comprising a fresh issue and an offer for sale. The company is raising capital through the public issue, with its shares proposed to be listed on the BSE and NSE.
| Particular | Details |
| Issue Size | ₹351.03 crore |
| Issue Type | Bookbuilding IPO |
| Fresh Issue | 2,54,51,612 shares |
| Fresh Issue Size | ₹315.60 crore |
| Offer for Sale | 28,56,869 shares |
| Offer for Sale Size | ₹35.43 crore |
| Price Band | ₹118 to ₹124 per share |
| Face Value | ₹10 per share |
| Total Issue Size | 2,83,08,480 shares |
| Issue Period | September 07 to September 09 2026 |
| Lot Size | 120 shares |
| Minimum Investment | ₹14,880 at the upper price band |
| Listing Exchange | BSE and NSE |
| Lead Manager | Centrum Capital Ltd. |
| Registrar | KFin Technologies Ltd. |
| Day 1 Subscription | 5.90x |
| Subscription Timestamp | September 07 2026, 4:54:49 PM |
Source
- https://www.nseindia.com/market-data/issue-information?symbol=PRANAV&series=EQ&type=Active
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Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
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