Pranav Constructions IPO Subscribed 19.02 Times on Day 2
Last Updated: 8th September 2026 - 05:17 pm
Pranav Constructions IPO was subscribed 19.02 times by 5:06 PM on Day 2, September 8, 2026. The public issue received bids for 40,91,48,520 shares against 2,15,14,446 shares available for subscription, based on the provided subscription data.
Non-Institutional Investors (NII) led the bidding on Day 2, with their reserved portion subscribed 45.77 times. The Retail Investors portion was subscribed 16.49 times, while the Qualified Institutional Buyers (QIB) category recorded 1.04 times subscription.
Subscription Status of Pranav Constructions IPO
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 (September 7) | 0.90 | 11.14 | 6.14 | 6.03 |
| Day 2 (September 8) | 1.04 | 45.77 | 16.49 | 19.02 |
Here are the subscription details for Pranav Constructions IPO Day 3, as of 5:06 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total |
|---|---|---|---|---|
| Anchor | 1 | 67,94,034 | 67,94,034 | 84.25 |
| QIB | 1.04 | 45,29,358 | 46,98,960 | 58.27 |
| NII | 45.77 | 42,46,272 | 19,43,34,120 | 2,409.74 |
| Retail | 16.49 | 1,27,38,816 | 21,01,15,440 | 2,605.43 |
| Total | 19.02 | 2,15,14,446 |
40,91,48,520 |
5,073.44 |
Key Highlights – Day 2
- Pranav Constructions IPO was subscribed 19.02 times overall by 5:06 PM on Day 2.
- The NII portion led the bidding at 45.77 times.
- The Retail Investors portion was subscribed 16.49 times.
- The QIB category recorded 1.04 times subscription.
Key Highlights – Day 1
- Pranav Constructions IPO was subscribed 6.03 times overall on Day 1.
- The NII portion led the bidding at 11.14 times.
- The Retail Investors portion was subscribed 6.14 times.
- The QIB category recorded 0.90 times subscription.
About Pranav Constructions
Pranav Constructions Limited is a Mumbai-based real estate company specialising in redevelopment projects across the MCGM Region, particularly the Western Suburbs. Its portfolio spans Economical, Mid and Mass, and Aspirational residential segments. As of March 31, 2026, the company had 65 redevelopment projects covering approximately 5.01 million sq. ft. It follows an integrated redevelopment model, managing activities from tendering and pre-construction through construction and post-construction in-house.
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