Pranav Constructions IPO Day 3: Subscription Closes Today, 9 September 2026

Pranav Constructions IPO closes today, 9 Sep 2026. Subscribed 19.02x at Day 2 close: NII 45.77x, Retail 16.49x, QIB 1.04x. Price band Rs 118-124.

Updated: 9 Sept 2026 • 10:09 am

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Quick Answer

The Pranav Constructions IPO is on its final day of bidding on 9 September 2026, with the subscription window closing today. The issue has built strong momentum through its three day window, closing Day 1 at 6.03 times overall and Day 2 at 19.02 times, with non-institutional investors leading throughout at 45.77 times by the Day 2 close. Retail investors had also crossed 16 times, and qualified institutional buyers had crossed full subscription at 1.04 times. With bidding open until the end of today's session, the final Pranav Constructions IPO numbers could run higher still as QIBs typically add further bids in the closing hours.

Pranav Constructions Limited, a Mumbai based real estate developer focused on redevelopment projects in the Municipal Corporation of Greater Mumbai region, has reached the final day of its IPO subscription window today, 9 September 2026. The Pranav Constructions IPO opened on 7 September and is a mainboard, book built issue worth about Rs 351.03 crore, comprising a fresh issue and an offer for sale. The shares are proposed to list on both NSE and BSE.

Demand for the issue has built rapidly through the bidding window. The issue closed Day 1 subscribed 6.03 times overall, with NII already leading at 11.14 times, and moved further to 19.02 times by the close of Day 2, with NII climbing to 45.77 times and retail crossing 16 times. On the closing day itself, the issue is well placed to extend this run further, particularly if institutional bids add to the QIB book in the final hours.

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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
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 Subscription Status Day 3

The table below tracks how the issue has moved through its bidding window, from the Day 1 close through to the closing day itself.

Session	Overall	NII	Retail	QIB
Day 1 close (7 Sep)	6.03x	11.14x	6.14x	0.90x
Day 2 close (8 Sep)	19.02x	45.77x	16.49x	1.04x
Day 3, closing day so far (9 Sep)	Updating through the session

Non-institutional investors have driven the issue throughout its bidding window, though retail and QIB demand have also cleared full subscription by the Day 2 close. With bidding open until the end of today, the final subscription numbers for the issue should be confirmed on the NSE and BSE websites once the window shuts.

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 platform 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 well before the cut off today, since the issue closes for good after this session.

Download the Univest iOS App or Univest Android App to apply for the issue before it closes today.

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 closed out its bidding window with strong demand across all three categories, running at 19.02 times overall by the Day 2 close and led throughout by non-institutional investors. 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 before the window shuts today.

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 3?

Ans. On the closing day, 9 September 2026, the issue carries forward a Day 2 close of 19.02 times overall, with NII at 45.77 times, retail at 16.49 times, and QIB at 1.04 times, and figures are updating through today's final session.

When does the Pranav Constructions IPO close?

Ans. The issue closes for subscription today, 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 subscription?

Ans. Non-institutional investors led the issue throughout its bidding window, reaching 45.77 times by the Day 2 close, well ahead of retail at 16.49 times, while QIB also cleared full subscription at 1.04 times.

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 before it closes?

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 today's 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.

What will happen to allotment given how oversubscribed the Pranav Constructions IPO is?

Ans. With the issue running well above full subscription in every category by the Day 2 close, retail allotment will likely be decided by computerised lottery for the minimum lot, while the NII portion, being far more heavily subscribed, will see proportionate allotment with a smaller share per applicant.

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.