Pranav Constructions IPO Final Day Bidding Opens After 18.20x Subscription on Day 2 with Rs 43 GMP Bidding for the Rs 351 crore Pranav Constructions IPO closes today, September 9. The issue saw 18.20 times subscription by the second day with grey market premium signaling over 34 percent gains. The initial public offering (IPO) of real estate firm Pranav Constructions has reached its third and final day of subscription today, September 9, 2026. The public issue, which opened for bidding on September 7, aims to raise Rs 351 crore from the primary market by issuing a total of 2,83,08,481 equity shares. The company has fixed the price band for the offering between Rs 118 and Rs 124 per share, with a face value of Rs 10 per share. Strong Bidding Response: Subscribed 18.20 Times by Day 2 Investor response to the Pranav Constructions IPO has been overwhelming across categories. By the close of the second day of bidding on Tuesday, September 8, the offering was subscribed 18.20 times. Given the heavy oversubscription, shares are expected to be allocated to successful bidders at the upper price ceiling of Rs 124 per share. Market watchers anticipate the final subscription tally to surge significantly higher by the close of bidding on Wednesday as institutional and retail participation reaches its peak. Breakdown of Fresh Issue and Offer for Sale Components The total fundraise of Rs 351 crore is structured into two key segments. A major portion worth Rs 316 crore represents a fresh issue of 2,54,51,612 new equity shares. The remaining Rs 35 crore constitutes an Offer for Sale (OFS) component comprising 28,56,869 shares. Under the OFS route, the existing promoters of the company are offloading a part of their equity stake. Schedule for Share Allotment, Refund, and Stock Exchange Listing Following the conclusion of bidding on September 9, the basis of allotment will be finalized on Thursday, September 10. For investors who are not allotted shares, refund processing will begin on Friday, September 11, which is also the date when allotted equity shares will be credited to demat accounts. Being a mainboard IPO, the company will list on both major domestic stock exchanges, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Shares of Pranav Constructions are scheduled to make their stock market debut next week on Tuesday, September 15. Grey Market Premium Signals 34.68 Percent Listing Gain Unlisted market trading reflects healthy investor sentiment for the issue. As of 6:35 AM on September 9, shares of Pranav Constructions were trading at a Grey Market Premium (GMP) of Rs 43 per share. Against the upper price band of Rs 124, this Rs 43 premium indicates potential listing gains of approximately 34.68 percent. The GMP had earlier touched a high of Rs 44 on September 6. However, market analysts advise that grey market trends remain volatile and fluctuate based on overall equity market conditions ahead of listing day. What this means for you This IPO offering provides retail and institutional stock investors an opportunity for potential listing gains and fresh market entry. • Across India: Investors bidding at the upper band of Rs 124 stand to capture listing gains of around 34.68 percent if grey market trends hold. Final listing performance on September 15 will remain subject to overall stock market conditions. • For Bidders: Share allotment will be finalized on September 10, requiring applicants to monitor bank notifications for block or unblock status. Non-allottees will receive refunds starting September 11. • Demat Account Holders: Allotted shares will be credited to demat accounts on September 11. Trading on BSE and NSE will commence on Tuesday, September 15. • Retail Allocation Impact: Given the 18.20 times overall subscription by Day 2, retail allotments are likely to be finalized through a randomized lottery system. Why this happened Strong investor demand for the Pranav Constructions IPO is driven by its issue structure and encouraging unlisted market signals. • Primary Growth Catalyst: Out of the total Rs 351 crore issue size, Rs 316 crore comprises fresh capital issuance, directing funds straight into company business operations. • High Subscription Levels: An overall subscription of 18.20 times within the first two days highlights solid retail and institutional appetite for real estate offerings. • Grey Market Dynamics: A robust Rs 43 GMP (34.68 percent) offers investors attractive short-term listing upside prospects. • Subsequent Timeline: Following the close of bidding on September 9, allotment confirmation on September 10 will pave the way for trading initiation on September 15. Questions & Answers 1. When is the last day to apply for the Pranav Constructions IPO? The bidding window for the IPO closes on Wednesday, September 9, 2026. 2. What is the price band and issue size of the Pranav Constructions IPO? The price band is set at Rs 118 to Rs 124 per share, and the total issue size is Rs 351 crore. 3. When will the share allotment and refunds be processed? The basis of allotment will be finalized on September 10, while refunds and demat share credits will occur on September 11. 4. On which exchanges and date will the company list? Pranav Constructions will list on both BSE and NSE mainboard platforms on Tuesday, September 15, 2026. 5. What is the current Grey Market Premium (GMP) for the IPO? As of September 9 morning, the GMP was standing at Rs 43 per share (34.68% over upper price band). https://trendkia.com/en/market/pranav-constructions-aipio-men-danva-lagane-ka-aja-akhiri-mauka-gre-marketa-men-43-rupaye-primiyama-aura-18-20-guna-sabsakripshana-29979 TrendKia — Har trend, sabse pehle.