Pranav Constructions IPO Listing Anticipated Following 121x Subscription

Pranav Constructions is scheduled for its stock exchange listing on Tuesday, September 15, following a massive 121 times subscription of its initial public offering.

The grey market premium indicates an estimated listing gain of approximately 36%, with the stock expected near ₹169 against an upper price band of ₹124.

The ₹351 crore book build issue comprises a fresh issue of shares and an offer for sale by the Mumbai-based real estate developer.