Pranav Constructions IPO Day 2: Subscription Status on 8 September 2026

Pranav Constructions IPO Day 2, 8 Sep 2026. Subscribed 2.45x through Day 1: NII 3.99x, Retail 2.8x, QIB near nil. Price band Rs 118-124. Closes 9 Sep.

Updated: 8 Sept 2026 • 9:41 am

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Quick Answer

The Pranav Constructions IPO is on Day 2 of bidding on 8 September 2026, after an active opening day that saw the retail portion cross full subscription within about two hours of the issue opening on 7 September. Through Day 1, the Pranav Constructions IPO ran at around 2.45 times overall, with non-institutional investors leading at 3.99 times, retail investors at 2.8 times, and qualified institutional buyers still showing negligible participation. Bidding for the Pranav Constructions IPO remains open until 9 September 2026, and investors should track the live category wise numbers on NSE and BSE through the day.

The issue has entered Day 2 of its three day bidding window, which opened on 7 September and closes on 9 September 2026. Pranav Constructions Limited, a Mumbai based real estate developer focused on redevelopment projects in the Municipal Corporation of Greater Mumbai region, is raising about Rs 351.03 crore through a combination of fresh issue and offer for sale, and the shares are proposed to list on both NSE and BSE.

Day 1 bidding for the issue opened strongly, with the retail portion crossing full subscription within the first two hours of trading and the overall issue running at around 2.45 times through the session. With qualified institutional buyers typically bidding closer to the final day, today's session and the closing day on 9 September will be key to how much further the book can run.

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Table of Contents

Pranav Constructions IPO Details

The table below sets out the key parameters of the issue.

Open Date	7 September 2026
Close Date	9 September 2026
Face Value	Rs 10 per share
Price Band	Rs 118 to Rs 124 per share
Lot Size	120 shares
Issue Size	Rs 351.03 crore
Issue Type	Book Built Issue
Listing At	NSE and BSE
Allotment Date	10 September 2026
Listing Date	15 September 2026

Pranav Constructions IPO Quick Facts

Particulars	Snapshot
Minimum retail investment	Rs 14,880 (1 lot, 120 shares)
Registrar	KFin Technologies Ltd
Lead Managers	Centrum Capital Ltd, PNB Investment Services Ltd
Reservation split	QIB 40%, NII 15%, Retail 45%

This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.

Pranav Constructions IPO Subscription Status Day 2

Category wise bidding for the issue is updated through the trading session on NSE and BSE. The table below shows the position through Day 1 along with the figure so far on Day 2.

Investor Category	Subscription Through Day 1 (7 Sep)	Overall Subscription So Far (Day 2, 8 Sep)
Qualified Institutional Buyers (QIB)	Negligible, near nil	Updating
Non-Institutional Investors (NII)	3.99 times	Updating
Retail Individual Investors	2.80 times	Updating
Overall	2.45 times	Updating through the session

Non-institutional investors led the early demand for the issue, with retail bidders close behind and already past full subscription, while the QIB book has yet to see meaningful activity. Investors should treat the Day 2 figures as provisional since bidding remains open until the 9 September close, and QIB bids typically arrive in the final session.

Track Subscription Status for the issue on the Univest Screener

How to Apply for the Pranav Constructions IPO

Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
Select the issue on your broker app or net banking portal and enter your bid quantity and price within the Rs 118 to Rs 124 band, in multiples of 120 shares.
Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 9 September.

Download the Univest iOS App or Univest Android App to apply for the issue before the 9 September close.

Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

Conclusion

The issue has opened with strong retail and NII demand, running at 2.45 times through Day 1, and one more full session remains before the 9 September close to see how much the QIB book adds. Investors considering the issue should review the company financials and risk factors in the RHP on nseindia.com and bseindia.com, and apply only after independent due diligence.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

FAQs

What is the Pranav Constructions IPO subscription status on Day 2?

Ans. Through Day 1 on 7 September, the issue ran at around 2.45 times overall, with NII at 3.99 times, retail at 2.8 times, and QIB still negligible. Day 2 figures for 8 September are updating through today's session on NSE and BSE.

When does the Pranav Constructions IPO close?

Ans. The issue closes for subscription on 9 September 2026, having opened on 7 September 2026.

What is the Pranav Constructions IPO price band and lot size?

Ans. The issue price band is Rs 118 to Rs 124 per share, with a lot size of 120 shares, taking the minimum investment to about Rs 14,880 at the upper price band.

Which category led the Pranav Constructions IPO on Day 1?

Ans. Non-institutional investors led the issue on Day 1, subscribing their reserved portion 3.99 times, with retail investors close behind at 2.8 times, while qualified institutional buyers showed negligible participation at this stage.

What is the Pranav Constructions IPO GMP?

Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

How do I apply for the Pranav Constructions IPO?

Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, entering your bid in multiples of 120 shares within the Rs 118 to Rs 124 band and approving the UPI mandate before the daily cut off.

When will the Pranav Constructions IPO be allotted and listed?

Ans. The issue allotment is expected to be finalised on 10 September 2026, with listing on both NSE and BSE tentatively scheduled for 15 September 2026.

Is the Pranav Constructions IPO likely to close oversubscribed?

Ans. The issue was already running at 2.45 times through Day 1 with both NII and retail past full subscription, so barring a sharp slowdown the issue is well placed to close oversubscribed, though the QIB book will only become clear closer to the 9 September deadline.

What is the issue structure of the Pranav Constructions IPO?

Ans. The issue is worth Rs 351.03 crore, comprising a fresh issue of about 2.55 crore shares aggregating to Rs 315.60 crore and an offer for sale of about 28.57 lakh shares aggregating to Rs 35.43 crore.

What does Pranav Constructions Limited do?

Ans. Pranav Constructions Limited is a Mumbai based real estate developer focused primarily on redevelopment projects across the Municipal Corporation of Greater Mumbai region, with a portfolio of 65 redevelopment projects as of March 2026.