Annu Projects IPO
Annu Projects Limited (ANNU) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 02 September 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -3.2% (likely range -35% to +4%), day's high 0.0%, chance of a gain 33%. Actual: -27.3% at the open, -23.6% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 17,68,300 | 30,44,764 | 1.72x | |
| NII (HNI) total | 70,73,200 | 2,51,18,246 | 3.55x | |
| Big NII (above ₹10 lakh) | 47,15,467 | 1,45,69,235 | 3.09x | |
| Small NII (₹2-10 lakh) | 23,57,733 | 1,05,49,011 | 4.47x | |
| Retail | 88,41,500 | 2,36,81,481 | 2.68x | |
| Total | 1,76,83,000 | 5,18,44,491 | 2.93x |
Bids on NSE and BSE together, as published by NSE, as of 28 Aug 2026, 07:00 PM. Shares offered exclude the anchor portion. 40% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Annu Projects's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| S.P. ApparelsAug 2016 | 2.21x | 5.10x | 1.90x | 2.66x | ₹254 Cr | +2.6% | +7.7% |
| Karda ConstructionsMar 2018 | 1.55x | 3.44x | 2.01x | 2.54x | ₹89.0 Cr | -24.4% | -20.7% |
| Shankesh JewellersAug 2026 | 1.32x | 5.68x | 2.42x | 2.80x | ₹367 Cr | +11.1% | +19.4% |
| GlottisOct 2025 | 1.87x | 2.97x | 1.42x | 2.05x | ₹314 Cr | -34.9% | -27.9% |
| Manoj Vaibhav Gems N JewellersSep 2023 | 1.06x | 5.18x | 1.66x | 2.25x | ₹279 Cr | 0.0% | +3.3% |
| Laxmi India FinanceJul 2025 | 1.30x | 1.84x | 2.22x | 1.87x | ₹254 Cr | -13.0% | -7.2% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Mefcom Capital Markets | 3 | +4.8% | 67% |
Offer documents (NSE)
Frequently asked
What is the Annu Projects IPO price band and lot size? ₹94.0–99.0 per share, with a lot of 151 shares, so the smallest retail bid is ₹14,949.
How many times has it been subscribed? 2.93x overall: QIB 1.72x, NII 3.55x, retail 2.68x.
How did it list? It opened at ₹72.0, -27.3% against the issue price of ₹99.0, and closed its first day -23.6%.
