Pranav Constructions IPO Day 3: GMP at 35%, subscription reaches 18.21x — Should you subscribe?

Pranav Constructions IPO Day 3: Subscribed 112.62x so far

Pranav Constructions IPO received a strong response from investors, with the issue subscribed 112.62 times as of 3.27 pm on the closing day of bidding.

10 IPOs available for subscription today: Which shows most potential for listing gains

Of the 10 IPOs, six are opening for subscription today, while three have moved into their second day of bidding. The Pranav Constructions IPO, meanwhile, is entering its final day of subscription.

Pranav Constructions IPO Day 3: GMP at 35%, subscription reaches 18.21x — Should you subscribe?

Pranav Constructions IPO enters its final bidding day with strong investor demand and a 35% grey-market premium. The Rs 351.03-crore issue was subscribed 18.21 times by Day 2, led by NIIs. Backed by improving FY26 financials, Mumbai redevelopment exposure and an expanding project pipeline, analysts recommend subscribing, while highlighting execution and concentration risks.