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Explore Pranav Constructions Ltd. IPO Day 1 subscription details, along with the price band, important IPO dates, investor participation, and the process for applying through ASBA or UPI.
The Pranav Constructions Ltd. IPO opened for subscription on September 7, 2026. The company’s public issue is a mainboard IPO with shares proposed to be listed on the stock exchanges.
The issue size is ₹351.03 Crores, with equity shares being offered in a price band of ₹118 to ₹124 per share. The IPO will remain open for subscription until September 9, 2026.
The Pranav Constructions Ltd. IPO received bids across the Qualified Institutional Buyers (QIB), Retail Individual Investors (RII), and Non-Institutional Investors (NII) categories on its opening day. Retail and non-institutional investors recorded higher participation than institutional investors during the reported period.
On the first day of bidding, based on subscription data reported at 4:19 PM IST on September 7, 2026 the Pranav Constructions Ltd. IPO recorded an overall subscription of 5.52×. The Non-Institutional Investors category recorded the highest subscription at 9.93×, followed by Retail Individual Investors at 5.69×.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.90× |
Retail Individual Investors (RII) |
5.69× |
Non-Institutional Investors (NII) |
9.93× |
Total |
5.52× |
The Qualified Institutional Buyers (QIB) category, excluding the anchor portion, was subscribed 0.90×. Overall, the issue stood at 5.52× subscription on the opening day.
Subscription figures are based on bids received during the IPO bidding period and may be subject to updates or reconciliation. The IPO remains open for subscription until September 9, 2026.
The Pranav Constructions Ltd. IPO witnessed a substantial increase in investor participation on Day 2 of the bidding period. As of 3:55 PM on September 8, 2026, the issue was subscribed 15.85× overall. Non-Institutional Investors recorded the highest subscription, followed by Retail Individual Investors, while participation from Qualified Institutional Buyers also increased.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.96× |
Retail Individual Investors (RII) |
14.35× |
Non-Institutional Investors (NII) |
36.12× |
Total |
15.85× |
The Non-Institutional Investors category led the bidding activity on Day 2, with its reserved portion subscribed 36.12×. Retail Individual Investors recorded a subscription of 14.35×, while the QIB category stood at 0.96×. Overall, the IPO subscription increased from 5.52× on Day 1 to 15.85× on Day 2, reflecting investor participation ahead of the final bidding day.
The Pranav Constructions Ltd. IPO recorded a sharp increase in investor participation on Day 3, the final day of the bidding period. The issue was subscribed 107.63× overall, with Qualified Institutional Buyers recording the highest subscription among the reported investor categories.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
214.46× |
Retail Individual Investors (RII) |
38.93× |
Non-Institutional Investors (NII) |
200.64× |
Total |
107.63× |
Qualified Institutional Buyers led the final-day bidding with subscription of 214.46×. Non-Institutional Investors recorded a subscription of 200.64×, while Retail Individual Investors subscribed 39.93× of their reserved portion. Overall, the IPO subscription increased from 15.85× on Day 2 to 107.63× on Day 3, reflecting a substantial rise in bidding activity on the final day.
Subscription figures are based on bids received during the IPO bidding period and may be subject to updates or reconciliation. The IPO remains open for subscription until September 9, 2026.
The price band for the Pranav Constructions Ltd. IPO is set between ₹118 and ₹124 per share. The market lot consists of 120 shares.
At the upper end of the price band, an application for one lot requires an investment of ₹14,880.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Minimum) |
1 |
120 |
₹14,880 |
Retail (Maximum) |
13 |
1,560 |
₹1,93,440 |
S-HNI (Min) |
14 |
1,680 |
₹2,08,320 |
B-HNI (Min) |
68 |
8,160 |
₹10,11,840 |
The minimum application value at the upper end of the price band can be calculated as follows:
Minimum application amount = 120 shares × ₹124 = ₹14,880
Since this is a book-building IPO, investors can place bids within the ₹118–₹124 price band, subject to the applicable investor-category and bidding requirements.
For detailed insights about the company, issue particulars, and the latest updates, visit the Pranav Constructions Ltd. IPO page on Bajaj Markets
The timeline below shows the milestones for the IPO, from the opening of bidding to the proposed listing:
| Event | Date | Details |
|---|---|---|
IPO Open Date |
September 7, 2026 |
Issue opens for subscription |
IPO Close Date |
September 9, 2026 |
Final day to submit bids |
Basis of Allotment |
September 10, 2026 |
Finalisation of share allotment |
Refunds Initiation |
September 11, 2026 |
|
Credit of Shares to Demat |
September 11, 2026 |
Shares credited to successful applicants |
Listing Date |
September 15, 2026 |
Shares proposed to list on the stock exchanges |
Note: These dates represent procedural milestones based on the available IPO information and are intended for informational purposes only.
Investors can apply for the Pranav Constructions Ltd. IPO using either the ASBA facility through their bank or via UPI on supported broker platforms.
This method allows the IPO application amount to remain blocked in the investor’s bank account until the allotment process is completed.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Pranav Constructions Ltd. IPO’ from the available list.
Enter your preferred bid quantity and price within the announced price band.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the applicable amount will be debited and the shares will be credited to your Demat account.
You can also apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘Pranav Constructions Ltd. IPO’.
Enter your application details, including the number of lots and bid price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your supported UPI application.
The applicable funds will remain blocked until the allotment process is completed.
Once allotted, the shares will be credited directly to your Demat account.
Disclaimer
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
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