15.50 times subscription at 3.21 pm on the second day of bidding, with strong demand from non-institutional investors.
The non-institutional investors’ portion was subscribed 35.09 times, while the retail investors’ quota received 14.10 times subscription. The qualified institutional buyers’ category was subscribed 0.93 times.
The real estate developer raised ₹84.24 crore from anchor investors, allocating 67.94 lakh equity shares at ₹124 apiece to anchor investors, according to a circular uploaded on the BSE website.
Investors participating in the anchor round included Goldman Sachs Investments (Mauritius) Ltd, ITI Mutual Fund, Taurus Mutual Fund, Abudantia Capital VCC and Ashika India Select Fund.
Issue details
Pranav Constructions has fixed the price band at ₹118-124 per share for its over ₹351-crore IPO. The issue will conclude on September 9, 2026.
The IPO comprises a fresh issue worth ₹315.6 crore and an offer-for-sale of 28.5 lakh equity shares worth ₹35.43 crore by investor shareholder BioUrja India Infra.