Pranav Constructions IPO
Pranav Constructions Limited (PRANAV) · mainboard IPO on NSE and BSE · Book Building. Listed on 15 September 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +22.0% (likely range +4% to +48%), day's high +25.5%, chance of a gain 95%. Actual: +33.1% at the open, +33.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 47,01,558 | 1,21,63,22,400 | 259x | |
| NII (HNI) total | 44,40,395 | 92,45,49,840 | 208x | |
| Big NII (above ₹10 lakh) | 29,60,264 | 68,52,46,320 | 231x | |
| Small NII (₹2-10 lakh) | 14,80,131 | 23,93,03,520 | 162x | |
| Retail | 1,33,21,184 | 57,71,73,840 | 43.3x | |
| Total | 2,24,63,137 | 2,71,80,46,080 | 121x |
Bids on NSE and BSE together, as published by NSE, as of 09 Sep 2026, 07:00 PM. Shares offered exclude the anchor portion. 19% 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 Pranav Constructions's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| GNG ElectronicsJul 2025 | 266x | 228x | 46.8x | 148x | ₹479 Cr | +49.8% | +51.6% |
| Caliber Mining and LogisticsJul 2026 | 241x | 267x | 41.1x | 147x | ₹475 Cr | +18.0% | +27.1% |
| Ardee IndustriesAug 2026 | 198x | 255x | 45.7x | 134x | ₹440 Cr | +35.9% | +38.1% |
| ESDS Software SolutionSep 2026 | 262x | 193x | 39.6x | 136x | ₹757 Cr | +76.5% | +111.8% |
| Lumino IndustriesAug 2026 | 221x | 176x | 38.5x | 118x | ₹736 Cr | +34.1% | +45.1% |
| Corona RemediesDec 2025 | 279x | 209x | 28.7x | 137x | ₹691 Cr | +38.4% | +41.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Centrum Broking | 3 | +9.5% | 67% |
| PNB Investment Services | 3 | +13.8% | 67% |
Offer documents (NSE)
Frequently asked
What is the Pranav Constructions IPO price band and lot size? ₹118–124 per share, with a lot of 120 shares, so the smallest retail bid is ₹14,880.
How many times has it been subscribed? 121x overall: QIB 259x, NII 208x, retail 43.3x.
How did it list? It opened at ₹165, +33.1% against the issue price of ₹124, and closed its first day +6.5%.
