Pranav Constructions IPO
Pranav Constructions IPO is a mainboard IPO raising ₹351 Cr at ₹118 – ₹124 a share. The smallest application you can make is 120 shares, costing ₹14,880 at the top of the band. Bidding has closed; the shares list on 15 Sept 2026. So far it has been subscribed 121× in total.
121.0 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 47,01,558 | 1,21,63,22,400 | 259× |
| Foreign Institutional Investors | no separate quota | 21,38,27,400 | n/a |
| Domestic Financial Institutions | no separate quota | 64,98,21,600 | n/a |
| Mutual funds | no separate quota | 1,42,05,000 | n/a |
| Others | no separate quota | 33,84,68,400 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 44,40,395 | 92,45,49,840 | 208× |
| Non Institutional Investors | 29,60,264 | 68,52,46,320 | 231× |
| Corporates | no separate quota | 78,26,760 | n/a |
| Individuals | no separate quota | 65,36,36,400 | n/a |
| Others | no separate quota | 2,37,83,160 | n/a |
| Non Institutional Investors | 14,80,131 | 23,93,03,520 | 162× |
| Corporates | no separate quota | 8,62,560 | n/a |
| Individuals | no separate quota | 23,17,26,240 | n/a |
| Others | no separate quota | 67,14,720 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 1,33,21,184 | 57,71,73,840 | 43× |
| Cut Off | no separate quota | 50,91,92,280 | n/a |
| Price bids | no separate quota | 6,79,81,560 | n/a |
| Total | 2,24,63,137 | 2,71,80,46,080 | 121× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 10 Sept, 08:15 am IST.
Where the bids landed
Demand barely changes across the price band — bidders were not price-sensitive. 19% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.25 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.