Pranav Constructions IPO Subscription Status
Final figures at close of bidding: 15 Sept 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 268.54x |
| NII | 217.73x |
| sNII (₹2L–₹10L) | 169.07x |
| bNII (above ₹10L) | 242.06x |
| Retail (RII) | 45.31x |
| Total | 126.34x |
Bidding day 3
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 0.9x | 14.21x | 9.6x | 6.14x | 6.03x |
| Day 2 | 1.04x | 50.11x | 43.73x | 16.66x | 19.13x |
| Day 3 | 268.54x | 169.07x | 242.06x | 45.31x | 126.34x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
The Pranav Constructions book was built over 3 days: overall subscription stood at 6.03× at the close of day 1, read 19.13× at the end of day 2, and finished at 126.34× on day 3. On the final day it was qualified institutional buyers (QIB) driving the book, at 268.54× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 3, when the overall multiple moved from 19.13× to 126.34×.
Category detail
Qualified institutional buyers took their portion to 268.54×. Non-institutional investors came in at 217.73×, split 169.07× in the small-NII bucket (bids under ₹10 lakh) and 242.06× among big NIIs (above ₹10 lakh). Within the NII book, the bigger ₹10-lakh-plus bids outpaced the smaller applications. Retail investors put in bids for 45.31× the shares reserved for them. That puts qualified institutional buyers (QIB) at the top of the book at 268.54× and retail investors at the bottom at 45.31×.
What the multiple means for allotment
With retail subscription at 45.31×, applications in that category exceeded the shares available to it by a factor of about 45.31. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 120 shares — ₹14,880 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the Pranav Constructions IPO open and close?
- The Pranav Constructions IPO opens on 7 Sept 2026 and closes on 9 Sept 2026.
- How many times was the Pranav Constructions IPO subscribed?
- The Pranav Constructions IPO was subscribed 126.34 times in total across all investor categories.
- What is the reservation split in the Pranav Constructions IPO?
- Of the total shares offered, retail investors get 45%, QIBs 16% (plus 24% anchor), non-institutional investors 15%.